CanAlaska's New High Grade Uranium-Rare Earth Target in Manitoba
Thu Aug 23, 8:03 AM
ca.news.finance.yahoo.com
VANCOUVER, Aug. 23 /CNW/ - CanAlaska Uranium Ltd. (CVV - TSX.V) (the "Company") is pleased to report the results from early season field work on its NE Wollaston Uranium project, where a new style of high grade uranium-rare earth mineralization has been discovered. The mineralization is from a near surface target within the prolifically mineralized Wollaston Group mineral belt.
The Company's Maguire field crew is credited with the identification of the preliminary exploration target, by discovery of erratic boulders at the close of the 2006 field season. This was then further defined by CanAlaska's in-house geophysical crew via specific analysis of last seasons airborne radiometric survey on the NE Wollaston Uranium project.
Early season prospecting, directed from the co-ordinates provided by the geophysics crew found an extensive angular boulder train of hydrothermally altered, red-orange phosphate-rich, high radiometric count uranium boulders extending over 1200 metres along the ice direction. This boulder train is almost uniformly mineralized with uranium-rare earth mineralization, and originates from a significant airborne geophysical target on shallow overburden-covered ground.
The mineralization discovered to-date is high grade U(3)O(8) mineralization with up to over 1% U(3)O(8), is associated with what appears to be a phosphate altered intrusive. Mineral composition appears to be almost entirely apatite-feldspar, with higher grade Heavy and Light Rare Earth elements, as well as high phosphate content.
This style of mineralization is different to the marjority of the large number of boulder-train and outcrop zones of U(3)O(80 mineralization identified to date on this large property. However there are other less defined zones with similar mineralization.
The geophysical target associated with the highly mineralized boulder train shows magnetic trends intersecting the stratigraphy, proximal to the Maguire Fault Zone. This area has been prepared and is permitted for drilling, but is awaiting local approvals and the arrival of drilling equipment. The mineralized prospect zone, named "Crazy" is shown in the attached figure, and sample results are tabulated below.
Crazy Prospect Uranium-Rare Earth Boulder Train samples
------------------------------- -------------------------------
%Total %Total
Sample %U3O8 % Y LREE Sample %U3O8 % Y LREE
------------------------------- -------------------------------
DBM020 1.24 0.19 0.24 OM321 0.33 0.08 0.11
------------------------------- -------------------------------
GM356 1.23 0.21 0.27 OM332 0.31 0.06 0.08
------------------------------- -------------------------------
OM328 0.95 0.14 0.17 DBM028 0.30 0.12 0.16
------------------------------- -------------------------------
DBM033 0.84 0.20 0.33 DBM026 0.30 0.19 0.26
------------------------------- -------------------------------
GM347 0.84 0.18 0.24 DBM021 0.29 0.05 0.06
------------------------------- -------------------------------
DBM040 0.79 0.15 0.22 OM327 0.28 0.09 0.11
------------------------------- -------------------------------
GM338 0.78 0.19 0.23 GM339 0.28 0.05 0.09
------------------------------- -------------------------------
DBM036 0.76 0.15 0.28 GM340 0.28 0.11 0.21
------------------------------- -------------------------------
GM336 0.76 0.20 0.26 GM357 0.27 0.16 0.21
------------------------------- -------------------------------
OM317 0.73 0.19 0.29 DBM034 0.27 0.04 0.05
------------------------------- -------------------------------
GM355 0.71 0.14 0.19 GM337 0.26 0.03 0.07
------------------------------- -------------------------------
OM324 0.68 0.09 0.12 GM353 0.26 0.04 0.05
------------------------------- -------------------------------
GM334 0.68 0.14 0.20 GM335 0.25 0.03 0.06
------------------------------- -------------------------------
OM323 0.61 0.21 0.32 OM311 0.24 0.12 0.16
------------------------------- -------------------------------
DBM029 0.60 0.12 0.16 GM352 0.23 0.03 0.04
------------------------------- -------------------------------
GM348 0.60 0.04 0.06 GM349 0.22 0.15 0.21
------------------------------- -------------------------------
OM330 0.58 0.16 0.25 OM320 0.21 0.03 0.04
------------------------------- -------------------------------
DBM024 0.57 0.27 0.38 OM329 0.20 0.03 0.05
------------------------------- -------------------------------
OM313 0.57 0.16 0.23 GM341 0.20 0.18 0.24
------------------------------- -------------------------------
DBM039 0.49 0.11 0.15 OM331 0.20 0.08 0.11
------------------------------- -------------------------------
GM346 0.49 0.10 0.12 DBM027 0.19 0.03 0.04
------------------------------- -------------------------------
OM333 0.48 0.09 0.14 DBM035 0.19 0.05 0.06
------------------------------- -------------------------------
RD177 0.47 0.15 0.18 DBM037 0.18 0.02 0.03
------------------------------- -------------------------------
GM358 0.46 0.15 0.24 GM351 0.18 0.02 0.03
------------------------------- -------------------------------
OM312 0.46 0.06 0.09 GM342 0.17 0.09 0.11
------------------------------- -------------------------------
OM315 0.44 0.09 0.13 CH011 0.17 0.02 0.05
------------------------------- -------------------------------
DBM025 0.41 0.17 0.23 DBM038 0.16 0.02 0.03
------------------------------- -------------------------------
OM310 0.41 0.14 0.22 OM325 0.14 0.02 0.03
------------------------------- -------------------------------
OM334 0.40 0.11 0.13 GM343 0.14 0.01 0.04
------------------------------- -------------------------------
OM314 0.40 0.10 0.18 DBM032 0.12 0.06 0.08
------------------------------- -------------------------------
OM316 0.40 0.09 0.14 RD170 0.11 0.07 0.12
------------------------------- -------------------------------
DBM022 0.39 0.11 0.15 BP004 0.10 0.04 0.09
------------------------------- -------------------------------
OM326 0.39 0.03 0.05 DBM023 0.07 0.02 0.03
------------------------------- -------------------------------
OM322 0.38 0.02 0.04 Average 0.41 0.10 0.14
------------------------------- -------------------------------
OM309 0.38 0.13 0.21
-------------------------------
MG018 0.38 0.12 0.20
-------------------------------
DBM042 0.36 0.08 0.10
-------------------------------
GM354 0.35 0.09 0.11
-------------------------------
DBM041 0.33 0.04 0.07
-------------------------------
GM350 0.33 0.03 0.06
-------------------------------
Crazy Prospect Rare Earth Element Assays
-------------------------------------------------------------------------
LREE La Ce Pr Nd Sm HREE Eu Er Gd Dy Ho Tb Yb
Sample ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
-------------------------------------------------------------------------
DBM020 2408 266 707 85 396 121 831 2.4 159 180 265 59 40.6 127
-------------------------------------------------------------------------
GM356 2653 300 791 119 420 138 882 2.9 159 209 295 63.3 36.4 119
-------------------------------------------------------------------------
OM328 1739 198 500 83 285 94.9 576 1.9 107 139 195 41.6 22.3 71
-------------------------------------------------------------------------
DBM033 3260 505 1100 148 516 140 849 2.3 157 185 267 56.8 37.3 146
-------------------------------------------------------------------------
GM347 2405 359 572 125 434 139 773 2.5 128 204 268 53.9 37.4 81.8
-------------------------------------------------------------------------
DBM040 2211 294 686 101 351 114 663 1.9 115 164 226 46.8 30.6 80.4
-------------------------------------------------------------------------
GM338 2312 366 321 123 502 153 844 2.7 141 225 284 57.6 47.3 89.5
-------------------------------------------------------------------------
DBM036 2775 434 989 127 416 133 674 2.3 108 180 228 45.5 33 79.6
-------------------------------------------------------------------------
GM336 2636 291 795 100 448 139 861 2.4 159 205 276 60.3 44.2 116
-------------------------------------------------------------------------
OM317 2899 406 971 134 458 137 790 2.4 139 186 260 54.6 35.6 115
-------------------------------------------------------------------------
GM355 1929 253 609 87 300 100 578 2 98.9 148 196 40.8 26.2 68.2
-------------------------------------------------------------------------
OM324 1176 137 347 55 180 63.2 392 1.6 70.3 93.9 134 28.4 14.5 51
-------------------------------------------------------------------------
GM334 1986 243 632 74 322 98.6 614 1.8 114 140 194 42.6 30.7 92.9
-------------------------------------------------------------------------
OM323 3229 482 1090 144 488 143 879 2.8 157 196 284 60.3 39.8 142
-------------------------------------------------------------------------
DBM029 1611 191 489 73 247 82.1 527 2 96.1 117 173 37 22.4 81.1
-------------------------------------------------------------------------
GM348 592 81 196 30 82 30.5 172 1.1 30.3 40.6 59.6 12.1 3.7 25.4
-------------------------------------------------------------------------
OM330 2460 347 815 113 369 120 694 2.4 120 166 230 47.9 32.3 97.3
-------------------------------------------------------------------------
DBM024 3817 454 1150 146 665 208 1191 3 205 320 393 83.4 66.7 123
-------------------------------------------------------------------------
OM313 2332 234 682 90 377 156 791 1.8 112 231 270 49.3 51.4 77.3
-------------------------------------------------------------------------
DBM039 1473 181 454 66 236 78.5 456 1.5 81.7 109 150 31 22.6 62.1
-------------------------------------------------------------------------
GM346 1233 145 380 55 185 61.6 404 1.9 74.6 89 132 28.3 15.9 64.6
-------------------------------------------------------------------------
OM333 1441 198 484 66 217 70 404 1.6 69.8 96.1 133 27.3 17.2 60.7
-------------------------------------------------------------------------
RD177 1820 246 384 96 329 106 656 2.4 115 152 215 44.6 29.8 100
-------------------------------------------------------------------------
GM358 2359 333 796 109 355 114 650 2.1 112 155 211 43.7 30.9 97.5
-------------------------------------------------------------------------
OM312 900 113 298 35 144 46.4 262 1.2 44.9 65.7 86.1 17.9 13.4 34.3
-------------------------------------------------------------------------
OM315 1317 156 412 50 211 71.2 415 1.5 70.8 100 135 28.2 22.4 58.7
-------------------------------------------------------------------------
DBM025 2265 288 640 92 398 121 724 2.2 131 178 232 50.1 37.8 95.2
-------------------------------------------------------------------------
OM310 2211 258 703 86 356 127 679 1.7 105 182 228 43.6 41 79.7
-------------------------------------------------------------------------
OM334 1319 160 392 60 196 65.3 445 1.6 81.1 98.6 146 31.3 18.3 69.2
-------------------------------------------------------------------------
OM314 1849 280 617 75 302 91 483 1.6 80.7 123 156 32.3 26.4 64.4
-------------------------------------------------------------------------
OM316 1402 193 461 67 227 68.8 383 1.6 66.8 95.4 127 26.2 17.8 49.9
-------------------------------------------------------------------------
DBM022 1494 181 467 56 239 76.1 473 1.8 86.1 111 152 32.4 23.9 67.6
-------------------------------------------------------------------------
OM326 464 53 144 22 68 26.8 149 1 25.2 36.5 52.8 10.5 4.6 19.2
-------------------------------------------------------------------------
OM322 353 46 109 17 50 18.9 111 0.9 20.1 25 38.6 8.2 2.3 16.7
-------------------------------------------------------------------------
OM309 2121 301 716 84 339 103 576 2 99.3 142 183 38.2 30.6 82.8
-------------------------------------------------------------------------
MG018 1968 274 653 88 323 95.8 532 1.8 93.7 134 174 36.6 26.7 67.4
-------------------------------------------------------------------------
DBM042 1041 126 317 47 171 53 326 1.2 60.4 75.9 106 22.3 14.2 46.8
-------------------------------------------------------------------------
GM354 732 118 328 51 180 55.4 365 1.7 68 78.4 115 24.4 15 62.1
-------------------------------------------------------------------------
DBM041 713 112 249 32 108 34.5 177 0.8 29.7 45.6 58.9 11.7 7.4 22.8
-------------------------------------------------------------------------
GM350 626 95 226 30 88 29.8 156 0.9 25.7 38.8 52.7 10.5 5.2 22.6
-------------------------------------------------------------------------
OM321 1130 149 362 52 179 54.4 332 1.2 61.4 77.9 109 23.1 14.5 44.9
-------------------------------------------------------------------------
OM332 784 91 243 35 119 40 255 1.6 45.9 57.7 83.9 17.6 9.9 38.1
-------------------------------------------------------------------------
DBM028 1637 205 511 70 260 80.9 508 1.7 94.7 113 162 34.2 23.6 78.9
-------------------------------------------------------------------------
DBM026 2633 346 838 123 419 125 779 2.4 139 176 244 50.9 38 129
-------------------------------------------------------------------------
DBM021 647 80 207 24 101 32.3 202 1 35.7 48.2 66.5 14 9.6 26.7
-------------------------------------------------------------------------
OM327 1147 138 368 52 132 62.4 393 1.9 71.1 90.3 127 27.2 17.3 58
-------------------------------------------------------------------------
GM339 868 103 258 31 191 41.6 243 1.3 42.4 59.6 78.5 16.7 11.8 32.2
-------------------------------------------------------------------------
GM340 2066 307 723 98 343 99.3 494 1.8 80.3 136 162 32.6 26 55.2
-------------------------------------------------------------------------
GM357 2123 240 622 96 349 105 708 2.8 132 151 220 46.9 32.6 123
-------------------------------------------------------------------------
DBM034 545 62 161 24 85 28 183 1.2 34.6 40 59.4 12.7 7 28.4
-------------------------------------------------------------------------
GM337 676 109 241 28 110 33.5 154 0.9 22.9 44.4 50.4 9.8 8.2 17.1
-------------------------------------------------------------------------
GM353 545 69 171 25 85 29.2 164 1 28.3 40.8 55.6 11.3 6.3 21.1
-------------------------------------------------------------------------
GM335 597 96 223 23 93 28.3 132 0.8 20.2 36.9 43 8.5 6.6 16.4
-------------------------------------------------------------------------
OM311 1578 254 273 86 319 96 548 2 95.6 129 172 35.8 28 85.6
-------------------------------------------------------------------------
GM352 393 48 120 19 61 21.1 123 1 21.6 29.6 42 8.5 3.9 16.6
-------------------------------------------------------------------------
GM349 2126 266 663 95 345 100 654 2.5 122 143 204 43.7 30.8 108
-------------------------------------------------------------------------
OM320 401 52 126 19 62 20.9 120 0.8 21.2 28.5 40.3 8.2 4.1 17.2
-------------------------------------------------------------------------
OM329 455 61 151 20 68 23.1 131 0.8 22.7 30.9 43.6 9 4.6 19.3
-------------------------------------------------------------------------
GM341 2396 243 711 110 401 138 792 1.8 131 204 265 52.2 44.8 92.7
-------------------------------------------------------------------------
OM331 1109 131 342 49 180 59.4 346 1.8 58.9 87.5 115 24 16.5 42.1
-------------------------------------------------------------------------
DBM027 395 48 118 18 62 22.2 126 0.9 21.4 31.5 42.8 8.5 4.9 15.8
-------------------------------------------------------------------------
DBM035 600 68 174 26 99 31.3 201 1.2 37.6 45.7 64.6 13.8 8.2 29.6
-------------------------------------------------------------------------
DBM037 298 39 88 13 46 16.2 95 0.9 16.8 23 32.2 6.6 2.9 12.6
-------------------------------------------------------------------------
GM351 321 40 99 16 50 17.5 97 0.8 16.3 24.6 33 6.5 3.4 12.8
-------------------------------------------------------------------------
GM342 1140 125 330 51 193 58.5 382 1.4 71 90.6 123 26.4 17.8 51.3
-------------------------------------------------------------------------
CH011 487 86 179 24 71 22 105 0.7 16.1 28.4 33.8 6.6 4.2 14.7
-------------------------------------------------------------------------
DBM038 347 45 105 15 54 18.9 108 0.9 18.8 26.8 36.4 7.5 4.1 13.4
-------------------------------------------------------------------------
OM325 331 39 101 14 49 16.9 110 1.1 20.2 24.7 36.6 7.8 3.3 16.3
-------------------------------------------------------------------------
GM343 437 70 172 22 73 27.4 72 0.3 5.3 31.9 22.9 3.5 4.3 3.6
-------------------------------------------------------------------------
DBM032 761 108 231 31 119 34.5 236 1.2 44.9 50.7 73.9 16.2 10 39.4
-------------------------------------------------------------------------
RD170 1203 166 404 53 184 60.6 334 1.3 54.4 87.2 112 22.5 17.3 39.5
-------------------------------------------------------------------------
BP004 911 149 332 44 144 43.5 197 0.9 30.4 55.2 62.6 12.1 10.3 25.8
-------------------------------------------------------------------------
DBM023 347 45 122 14 59 18.5 88 0.9 11.8 24 26.2 5.4 6.5 12.7
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Average
1438 189 444 64 234 74 436 2 76 106 143 30 21 60
-------------------------------------------------------------------------
To view map please visit:
canalaska.com
All of the samples from the prospecting program were submitted to Saskatchewan Research laboratories, a qualified Canadian Laboratory, for analysis. Samples submitted to were analyzed for multi-element geochemistry and including uranium by tri-acid digestion and ICP. The samples were collected by CanAlaska field geologists under the supervision of Dr Karl Schimann, and were shipped in secure containment to the laboratory.
Peter Dasler, M.Sc. P Geo. is the qualified technical person responsible for this news release.
About CanAlaska Uranium Ltd. - www.canalaska.com
CanAlaska Uranium (CVV - TSX.V, CVVUF - OTCBB, DH7 - Frankfurt) is undertaking uranium exploration in seventeen 100%-owned and two optioned uranium projects in Canada's Athabasca Basin. Since September, 2004, the Company has aggressively acquired one of the largest land positions in the region, comprising over 2,500,000 acres (10,117 sq. km or 3,906 sq. miles). CanAlaska has expended over Cdn$22 million exploring its properties in the Athabasca Basin and has delineated multiple uranium targets. Initial drilling results from the West McArthur Project revealed uranium mineralization and significant zones of hydrothermal alteration, indicative of a favourable environment for uranium deposition. Active drilling and exploration continues in the Summer, 2007 exploration season at West McArthur and at 2 other significant projects. The Company's high profile in the prominent Athabasca Basin has attracted the attention of major international strategic partners. Mitsubishi Development Pty., a subsidiary of Japanese conglomerate Mitsubishi Corporation, has undertaken to provide CanAlaska C$11 mil. in exploration funding to earn 50% of the West McArthur Project. An MOU has also been executed with Hanwha Corporation, a S. Korean conglomerate, to enter into joint exploration of CanAlaska's Cree East Project.
On behalf of the Board of Directors
(signed)
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIPNo. 13708P 10 2. This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
Contacts
Emil Fung
Vice President
Corp. Dev.
Tel: (604) 688-3211
Toll Free (N. America): 1-800-667-1870
Email: info@canalaska.com |
