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Gold/Mining/Energy : International Canalaska (V.ICA) -- Ignore unavailable to you. Want to Upgrade?

To: 4TNiner who wrote (888)	2/21/2001 8:41:16 PM
From: 4TNiner	Respond to of 891

All that Glitters is not gold! NEWS The Management of CanAlaska Ventures Ltd ("CanAlaska") is pleased to announce that phase one exploration of CanAlaska's Glitter Lake Project will commence shortly. The Glitter Lake property, 100% owned by CanAlaska, is located in Quebec. The property was acquired based on regional-scale geophysical data indicating a favourable magnetic horizon coincident with an EM anomaly associated with the adjacent Horden Lake Deposit. A 1993 pre-feasibility report on the Horden Lake Deposit authored by Watts Griffis McOuat estimated an in situ geological reserve of 1.24 million tones probable averaging 1.91% copper, 0.40% nickel and 4.37 million tones possible averaging 1.27% copper and 0.33% nickel. In accordance with a Platinum Group Metal exploration strategy of identifying known copper-nickel showings previously untested for PGM potential, CanAlaska is exploring Glitter Lake for platinum-palladium mineralization associated with base metals. Historically reported grab sample assays from the Horden Lake area returned Platinum Group Metal values as high as 10.6 g/t palladium and 2.1 g/t platinum. These significant PGM assays, which were never followed up in previous exploration, have encouraged CanAlaska management to develop a program of line cutting and induced polarization surveys to delineate targets for a summer/fall drilling program. The initial exploration program is now being tendered, with a start-up slated for early March 2001. CanAlaska is focused on the acquisition, exploration, and development of Platinum Group Metal and diamond projects. CanAlaska management is negotiating on several acquisitions, and announcements of these new projects are expected to be made shortly. For Further information, please call 1-800-667-1870 On behalf of the board of directors "Harry Barr" Harry Barr, President