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CanAlaska Uranium (TSX-V:CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”)is pleased to announce that it has acquired two Mineral Exploration Licences covering over 16,000 hectares (63 sq miles) in an area highly prospective for sulphide nickel located 25 kilometres northwest of the town of Thompson and Vale’s nickel smelter and mining operations. The land package covers extensive …

CanAlaska Uranium (TSX-V:CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”)is pleased to announce that it has acquired two Mineral Exploration Licences covering over 16,000 hectares (63 sq miles) in an area highly prospective for sulphide nickel located 25 kilometres northwest of the town of Thompson and Vale’s nickel smelter and mining operations.
The land package covers extensive areas of favourable nickel geology identified in historical work by both Inco and Falconbridge. Drill testing of the area ceased in 2005, but an extensive portion of the properties were later flown by next generation VTEM airborne in 2007, providing twenty-nine new targets, six of which are high priority targets within mapped Pipe Formation stratigraphy.

The uranium mineralization is disseminated within a brittle sandstone fault at 768.4 meters to the unconformity at 778.0 metres. The fault is characterized by broken to unconsolidated core with strong sooty pyrite, 16% core loss, strong quartz dissolution, and strong clay replacement that includes 10-40 cm wide sections of massive clay.
Detailed assays and interpretation from the drill program is expected to be reported in October.

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CVV:CA
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