January 25, 2016 Drilling to Commence by Denison on CanAlaska's Moon Claim
CanAlaska News Release - Jan 25 2016
Vancouver, British Columbia, January 25,
2016 -- CanAlaska Uranium Ltd. "the Company"(TSX-V:
DH7N) "the Company" is pleased to report
that the exploration team from Denison Mines Corp. ("Denison") (TSX:
DML; NYSE MKT:
is preparing to commence an exploration drill program on
CanAlaska's recently optioned Moon South Project, see news
January 5 2016.
Denison has informed the Company that they intend to commence
the first drill hole on Moon South (see figure 1) in the next
This work will follow a drill program in progress
on Denison's adjacent Crawford Lake project. The first drill
hole will test the same metasedimentary trend mapped by a DC
resistivity survey that is being drilled on the Crawford Lake
The proposed drill site is located within a prominent magnetic
low, which is thought to represent the location of major cross
structures. Such cross structures may be regional fault zones,
many of which are associated with basement fluid flow and
associated uranium mineralized zones.
The target is on strike with a basement EM conductor on the
adjacent Crawford Lake property mapped by Denison in 2007. As
shown in figure 2, the trace of the conductor diminishes as it
approaches the northwest trending magnetic low. A series of
regional EM conductors located to the northeast of the target
have been intensively drilled in the past, and they too are
shown to diminish across the postulated structural break,
indicating the potential for a much larger areas of fluid flow
associated with the target.
The planned drill hole (MS-16-01) is anticipated to start before
the end of February. Depending on results, Denison may decide to
complete a second hole to follow up on the target.
President Peter Dasler commented, "We are very
pleased to have Denison as a partner on this project. This area
of the southeastern Athabasca has shown excellent potential for
uranium mineralization in the past, and is near the Key Lake
uranium mine complex. The recent advances in exploration
technology and modeling has driven success by Denison within
this corridor of conductors. We are optimistic that this initial
drilling will provide a robust target for further exploration."
In other matters the Company is in advanced discussion with
third parties in relation to its key landholdings in the
The qualified technical person for this news release is Dr Karl
Schimann, P. Geo, VP Exploration, for CanAlaska.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V:
DH7N) holds interests in approximately 700,000 hectares
(1.7 million acres), one of the largest land positions in
Canada's Athabasca Basin region -- the "Saudi Arabia of Uranium".
CanAlaska's strategic holdings has attracted major international
mining companies Mitsubishi, KORES and KEPCO as partners at its
core projects. CanAlaska is a Project Generator and is
positioned for discovery success in the world's richest uranium
district.For further information, visit
behalf of the Board of Directors
Peter Dasler, P. Geo.,
President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
The TSX-V has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release:
CUSIP# 13708P 10 2.
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