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| The
Management of CanAlaska Ventures Ltd ("CanAlaska") is
pleased to announce that it has acquired the right to earn a
100% interest in the 50,000-hectare Starlight diamond
property, located approximately 120 southeast of Gillam,
Manitoba. |
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| Manitoba
has recently become a focus for diamond exploration
in Canada. A recently released Manitoba Geological
Survey report indicates that Manitoba is
geologically favourable for diamond occurrences.
G-10 garnets, one of the several diamond indicator
minerals, have been found in glacial till samples
taken from an area 50km south of the Starlight
property in the direction of glacial transport. The
Starlight Project borders claim blocks held by
Falconbridge Ltd and DeBeers Canada. Other key
players in the area include BHP Minerals and
Kennecott Canada. |
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| By
the agreement with the vendor, CanAlaska can earn a
100% interest in the Starlight Project by making
share payments totalling 200,000 shares over two
years. The agreement is subject to approval by
regulatory authorities |
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| During
the 2001 field exploration season, CanAlaska will carry out
airborne and ground magnetic surveys as well as indicator
mineral sampling on the Starlight Project in order to assist
in the delineation of targets for diamond drilling. |
For Further information, please call 1-800-667-1870
On behalf of the board of directors
"Harry Barr"
Harry Barr, President
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
S.E.C. 12g3-2(b) Reg #82-2131
CUSIP#137089-10-8 Listed: Standard & Poors
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.
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