November 10, 2010 CanAlaska Files 43-101 report for Waterbury Project
CanAlaska News Release - Nov 10 2010
Vancouver, Canada, November 10, 2010,
CanAlaska is pleased be able to
provide its recently commissioned NI 43-101 technical summary
report for the Waterbury Uranium Project in the Athabasca Basin,
Canada. This report is now available on SEDAR and EDGAR
databases for public viewing.
The Waterbury 43-101 report was prepared by Mr. Peter
Daubeny M.Sc., P.Geo. of Vancouver BC. In the report, Mr.
Daubeny provides a detailed description of CanAlaska's
exploration on the project, its strategic location in the Cigar
Lake-McLean lake area in the Northeastern Athabasca. Mr.
Daubeny's review recommends a program of drilling on three
target areas, at an estimated budget of Cdn$1.55 Mil.
President Peter Dasler states: "The Waterbury Project
hosts a number of areas with potential for uranium
mineralization, well located, and in the vicinity of known
mines. Limited work was carried out historically because of the
older limitations to imaging conductive targets under local
lakes and swamps. The initial surveys carried by CanAlaska,
using modern equipment and ideas showed well defined targets on
land and under lakes. Initial drill testing of the land targets
showed elevated uranium mineralization within the target zones,
which can still stand further definition drilling along strike
and across trend. The strongest target located just north of
the Cigar Lake mine, is associated with an E-W bend in the
magnetic trend, and in the associated conductor target. This
target is covered by water and on two previous occasions was not
drilled only because of logistical reasons."
Peter Dasler, M.Sc., P Geo. is the
Qualified Person responsible for this news release.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUD -- OTCBB, DH7 -- Frankfurt)
undertaking uranium exploration in twenty 100%-owned and three
optioned uranium projects in Canada's Athabasca Basin -- the
"Saudi Arabia of Uranium". 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). To-date, CanAlaska has expended over Cdn$70
million exploring its properties and has delineated multiple
Emil Fung, Director & V.P. - Corp. Dev.
The TSX Venture has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release: CUSIP# 13708P 10 2. 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
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