CanAlaska Uranium Ltd

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 May 30, 2016
ARTICLE: CanAlaska attracts $20M DeBeers option
    Publisher: Northern Miner

  Northern Miner
De Beers could earn up to 90% in Athabasca basin project



Prospect-generator CanAlaska Uranium (TSXV: CVV; US-OTC: CVVUF) is not a name commonly associated with diamonds, but on May 18 it announced a $20.4-million option agreement with De Beers' Canadian subsidiary on 75 "kimberlite-style" targets staked on the Saskatchewan side of the northwestern portion of the Athabasca basin.

The junior acquired the claims after its vice-president of exploration Karl Schimann, reviewed a high-resolution airborne geophysical survey carried out by the Saskatchewan Geological Survey in 2011. The results revealed discrete magnetic anomalies with a shallow signature northeast of the Carswell structure and close to the large, crustal Grease River shear zone.

"This was a little bit of a rabbit out of the hat for us. Karl came to me one day and showed me these images, and we could see small dots on the greater survey," CanAlaska president acand CEO Peter Dasler said during an interview.

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