drill camp for the Key Lake Project, operated by CanAlaska under
an earn-in arrangement with Int'l. Arimex Resources Inc., is
operational and permits are in hand for a series of holes on the
first target zone.
drill contractor, Cyr Drilling, is mobilizing to site, and is
expected to commence drilling within the next 6 days.
CanAlaska personnel will manage the drill program on behalf
of International Arimex.
The planned exploration program is to drill three holes
along a 2 km conductor, which is located 15 km north of the
past-producing Key Lake uranium mine.
This target is one of four identified by modern VTEM
airborne survey on the Project.
It is located at shallow depth (150 metres) and has a sharp
response in the basement, as modeled by the airborne geophysics.
at Waterbury Lake will commence near month-end, following the
completion of the Key Lake program.
The Waterbury Lake Project is operated by CanAlaska for
earn-in partner Northwestern Mineral Ventures Inc.
In March, 2006, three drill holes targeted an airborne and
ground geophysical target on claim S107967.
One of these holes encountered faulting, strong clay
alteration and anomalous uranium mineralization.
From current modeling, it appears that this hole undershot
the main conductive target.
Further holes are planned in this area.
A second target area, located under Waterbury Lake,
approximately 12 km north east of the Cigar Lake uranium mine, was
detected by airborne and ground geophysical surveys and is planned
to be drill-tested following further geophysics and improved ice
is scheduled to commence in mid-February on the West McArthur
Project, where the Company maintains its main camp, following
further ground geophysics.
The West McArthur Project is operated by CanAlaska under an
earn-in arrangement to be formalized shortly with Mitsubishi
Development Pty. Ground
crews have prepared three sites for the start of the winter
of these sites target the western zone, previously identified by
drilling this past summer, and a third is located in the centre of
the property on a large circular airborne (MegaTEM II) target.
has commenced for drilling at the McGuire Camp on the North East
drill will test a series of targets across the North East Project
area and will operate throughout the winter season.
and geochemical surveys have defined zones surrounding, and
on-strike of surface uranium mineralization.
Extensive surface mapping and prospecting in 2005 and in
2006 provided multiple zones for drill testing.
The targets range from extensive zones of uranium rich
pegmatite veins in sediments,
and high-grade veins zones to blind targets underlying
extensive areas of uranium-rich sediment and veined boulders.
Company is very enthusiastic over the current surface prospects,
and believes that the drill programs will better define the
geology and mineralized trends.
Some of the targets are associated with late-stage, lower
temperature, hydrothermal uranium mineralization, similar to the
mineralizing events in the main Athabasca mining camp.
Pitchblende mineralization has been also found in surface
outcrop and veins, as well as scattered pebbles in soil, however,
scattered glacial regolith has hampered efforts at detailed
drill program will provide definition of stratigraphic controls to
the noted mineralizing events.
Qualified Person for this news release is Peter Dasler, P. Geo.
CanAlaska Uranium Ltd. -- www.canalaska.com
Uranium (CVV -- TSX.V, CVVUF -- OTCBB, DH7 -- Frankfurt) is
undertaking uranium exploration in seventeen 100%-owned and two
optioned uranium projects in Canada's Athabasca Basin. Since
September, 2004, the Company has aggressively acquired one of the
largest land positions in the region, comprising over 2,500,000
acres (10,117 sq. km or 3,906 sq. miles).
In 2005/2006, CanAlaska expended over Cdn$15 million
exploring its properties in the Athabasca Basin and has delineated
multiple uranium targets.
Initial drilling from the West McArthur Project (now under
an earn-in option to Mitsubishi Development Pty. Ltd.) revealed
uranium mineralization and significant zones of hydrothermal
alteration, indicative of a favorable environment for uranium
drilling and exploration will continue in Winter, 2007 at West
McArthur and at 4 other significant projects.