CanAlaska Uranium Ltd






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Athabasca Diamond Project

Diamond Projects Overview

Athabasca Diamond Project

Athabasca Diamond Project
During 2015, CanAlaska acquired by staking approximately 75 kimberlite targets in the Western Athabasca Basin, Saskatchewan. The claims staked by CanAlaska cover kimberlite style targets developed from a high resolution airborne geophysical survey carried out on behalf of the Saskatchewan Geological Survey. The 2010 airborne magnetic survey reveals a series of discrete magnetic anomalies with a shallow signature northeast of the Carswell structure and close to a large crustal structure, the Grease River Shear Zone. The Saskatchewan Kimberlite Indicator Mineral sampling (KIM) programs reached close to the Carswell structure, but the most northern samples remain southeast of the down-ice trend from these magnetic anomalies. (News releases Feb. 18, 2016)

 
June 13, 2016 Video. Canada's First Diamond Rush. Can it Happen Again 25 Years Later
 
 
John Kaiser on Allan Barry Reports Show(February 19, 2016)

 

 

There is has been no known kimberlite exploration in the Athabasca Basin and limited general exploration in the project area. The Fort McKay-Fort McMurray KIM trend in Alberta is dominated by chromite, but contains also some pyrope and eclogitic garnets. These appear to be down-ice from the targets identified by CanAlaska in the northwestern Athabasca within the Athabasca sandstone. The basement rocks below the Athabasca sandstone in the project area are classified as Rae Province. The Rae Province rocks host diamondiferous kimberlites in Nunavut. The Buffalo Hills and the Birch Mountain kimberlite fields in Alberta appear to lie on the same structural trend as the project area.

This first group of claims have been optioned to De Beers in May 2016 under a $ 20.4 million deal (http://www.canalaska.com/s/News.asp?ReportID=749539). CanAlaska regained a 100% interest in this property in late December 2016.

In 2016, further kimberlite targets were staked in Saskatchewan outside of the De Beers Area Of Interest and ten Metallic and Industrial Exploration Permits acquired in Alberta, bringing the total area of Diamond properties to over 140,000 hectares (over 350,000 acres).

In May 2016, CanAlaska optioned 2 claim groups to Fjordland Exploration Inc. http://www.canalaska.com/s/News.asp?ReportID=750455

CanAlaska's West Carswell property was optioned in August 2016 to Canterra Minerals Corporation that can acquire up to a 70% interest in the property
http://www.canalaska.com/s/News.asp?ReportID=760741

Magnetic Modelling: http://www.canalaska.com/i/maps/AthabascaDmdProjMagMod.pdf