CanAlaska Discovers Uranium Mineralization at Maguire Lake

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CanAlaska Uranium (TSXV:CVV) has discovered uranium mineralization at the North West Manitoba project at Maguire Lake via a down hole gamma ray log that revealed highly anomalous responses attributable to uranium mineralization. The mineralization is between 164 and 238 metres, as well as between 285 and 347 metres. CanAlaska is continuing drilling on
at least 4 additional lake targets and 7 additional land targets.

CanAlaska Uranium (TSXV:CVV) has discovered uranium mineralization at the North West Manitoba project at Maguire Lake via a down hole gamma ray log that revealed highly anomalous responses attributable to uranium mineralization. The mineralization is between 164 and 238 metres, as well as between 285 and 347 metres. CanAlaska is continuing drilling on
at least 4 additional lake targets and 7 additional land targets.

Hole MG15DD-0012 has been through the central portion of a large ground gravity low with IP-resistivity conductive anomalies coincident with anomalous radon in water. The hole was drilled with large HQ core through ice at a bearing of 320 degrees and an inclination of 55 degrees. Bedrock was intersected at 26.1 metres and the hole continues to 350.35 metres. A down hole gamma ray log was completed and revealed highly anomalous responses attributable to uranium mineralization between 164 and 238 metres and again between 285 and 347 metres.

The first anomalous zone from 164 to 238 metres was hosted in sericite and clay altered calc-silicate, massive radioactive clay and radioactive granite bracketed by very strong clay alteration. The highest radioactive anomaly (approximately 55 times background) in this section is attributable to a 33cm silicified breccia with rounded granitic and exotic clasts cutting radioactive granite. This anomalous intersection is present within an extensive regional southwest to northeast trending steeply northwest dipping fault zone.

The second zone anomalous in uranium from 285 to 347 metres ranges to over 65 times background and is attributable to a pegmatitic dyke cutting unaltered pelite to a depth of 311 metres at which point massive unaltered pegmatite was intersected to the end of the anomalous zone at 347 metres. High-grade uranium mineralization could be situated above, below or along strike to the southwest or northeast of the first 164 to 238 metre uraniferous zone of hole MG15DD-0012 which encountered sericite and other clay alteration associated with a regional fault zone.

… Summary

In addition to the very encouraging anomaly presently being drilled at least 4 additional lake targets and 7 additional land targets remain to be tested. These anomalies are based on the results of ground gravity, IP and resistivity surveys, airborne electromagnetic surveys, RadonEx radon in water surveys and AlphaTrack radon on land surveys. All of these targets are up-ice of uraniferous boulders (up to 66% U3O8) discovered in a prospecting program by CanAlaska geologists. To better define these targets an infill radon in water survey by RadonEx Exploration Management has been completed and a ground gravity survey has been completed in the field. The results from these surveys are presently being compiled. A second large diamond drill rig is presently being mobilized to the project to assist with drilling the lake and land targets.

CanAlaska Uranium President and CEO, Peter Dasler, said:

The latest drill results are highly encouraging as they continue to confirm the geological model for uranium deposits. Additional drilling will enable initial drill-testing of multiple targets in search of high-grade uranium mineralization.

Click here to read the CanAlaska Uranium (TSXV:CVV) press release
Click here to see the CanAlaska Uranium (TSXV:CVV) profile.

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