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| MIF May 2016: CanAlaska Uranium Ltd. (CAN) - Peter Dasler |
Since 2004 CANALASKA URANIUM LTD. (CVV -- TSX, CVVUF -- OTCBB, DH7N -- Frankfurt) as been undertaking uranium exploration in Canada's Athabasca Basin and surrounding region-- an area often referred to as the "Saudi Arabia of Uranium". CanAlaska holds one of the largest land positions in the region, comprising of up to 2,100,000 acres (8720 sq. km or 3,906 sq. miles).
To date, over CAD $86 Million has been expended exploring and identifying high grade uranium targets on CanAlaska's properties with multiple uranium targets being delineated. The company's management and technical consulting team include geologists and geophysicists with extensive experience in the Athabasca Basin identifying exploration target's for major producers. CanAlaska's primary focus is on advancing the West McArthur and Cree East Projects.
Key Uranium Properties
West McArthur Project
- Adjacent to the worlds richest Uranium Mine; Cameco's McArthur River
- $20 million of work successfully identified 7 Target Areas; currently being evaluated.
- Objective: a large unconformity uranium deposit
- Priority Targets on grid 5 and grid 1
Cree East Project
- Located 35 kms from the Key Lake Mine, over 56,000 hectares land package
- Objective: a large unconformity uranium deposit
- Extensive uranium bearing systems, 9 target areas being tested
- Korean Consortium has contributed $19M for a 50% interest in the partnership