November 16, 2010 CanAlaska Files 43-101 report for Carswell Project
CanAlaska News Release - Nov 16 2010
Vancouver, Canada, November 16, 2010.
CanAlaska is pleased be able to provide its recently
commissioned NI 43-101 technical summary report for the Carswell
Uranium Project in the Athabasca Basin, Canada. This report is
now available on SEDAR and EDGAR databases for public viewing.
The Carswell 43-101 report was prepared by Sandra Jean Foster
Consulting Ltd, of Saskatoon, Saskatchewan, with geophysical
input from Mr. Grant Nimeck of Living Sky Geophysics Inc. (LSGI).
The project comprises a large area on the western side of the
Carswell structure, in the western Athabasca Basin. In the
report, Ms. Foster provides a description of exploration on the
project, and applies the LSGI interpretation to the regional
geology. The report identifies priority areas where structural
disruptions may have the potential to host economic uranium
mineralization. Ms. Foster recommends that future work include
detailed examination of drill core from historical drill hole
SYL-1 and documentation of physical property data collected from
the core to be applied in future geophysical interpretations.
Ground geophysical surveys are also recommended, including
prioritization of EM features and dc-resistivity on selected
target areas. Finally, drill testing is recommended to identify
and delineate any alteration and/or structural features.
The recommended program of exploration on three priority target
areas, is estimated at CAN $15.25 Mil, with Phase 1 and Phase 2
budgets of CAN $ 5.04 Mil and $10.21Mil respectively.
President Peter Dasler states: "The Cluff Lake area historically
produced approximately 64,000,000 lbs of uranium at an average
grade of 0.92% U3O8 from a series of open
pit deposits. Recent exploration in the Shea Creek area to the
south of Cluff Lake, and located south east of CanAlaska's
Carswell project, has identified multiple zones of high grade
uranium mineralization associated with graphitic conductors and
structural offsets, as well as "perched" uranium mineralization
in the overlying sandstone. CanAlaska's landholdings host
multiple target areas with potential for uranium discovery.
This project and others are currently being presented by
CanAlaska to interested parties for long term funding and Joint
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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