August 18, 2016 De Beers to Drill CanAlaska's Kimberlite Targets
CanAlaska News Release - Aug 18 2016
Airborne Surveys Provide High Quality Exploration Data
Vancouver, British Columbia, August 18,
2016 -- CanAlaska Uranium Ltd. "the Company"(TSX-V:
DH7N) ("CanAlaska" or the "Company") is pleased to
report that De Beers' exploration team is preparing to start
drilling kimberlite targets at the Company's West Athabasca
diamond project. De Beers' recently completed detailed airborne
surveys over the diamond project area in the western Athabasca
confirmed the presence of several near surface magnetic
Airborne Surveys Identify Targets up to 10 Hectares
De Beers completed a detailed low level airborne survey over the
Athabasca diamond project claims using Fond Du Lac as a base of
operations. The survey provided significantly better definition
of anomaly outlines and identified the presence of various lobes
in the case of complex anomalies.
The majority of the magnetic anomalies coincide with lakes, or
are in swamps (see photo). The anomalies or clusters of
anomalies are up to 10 hectares (25 acres) in size, comparable
to many of Canada's diamond deposits. Some of the anomalies in
the centre and south areas of the trend appear to be drillable
A drill program is scheduled to start at the end of this August
and continue into mid-October to test a selection of the
accessible land targets. Drilling of the remaining targets that
are located under lakes are planned for winter 2017. All
drillcore will be shipped to De Beers' facilities for detailed
logging, sampling, and mineral processing.
CanAlaska President Peter Dasler commented, "We now have
indications from the survey of a large kimberlite field in the
western Athabasca. We are particularly excited that De Beers'
team will be able to produce the first drill core in September.
De Beers' rapid deployment of a drill crew provides CanAlaska
shareholders with significant upside value in the short term."
View of pond with distinct circular structure
that corresponds to magnetic anomaly detected by Government
airborne survey and confirmed by De Beers' surveys.
About the West Athabasca Diamond Project
CanAlaska and De Beers are exploring the West Athabasca project
for diamonds under a staged $20.4 million Option-Participation
Agreement. The project area (see map) covers 75 kimberlite-style
targets staked by CanAlaska in the northwestern Athabasca Basin
of Saskatchewan. De Beers may earn an interest in the project
through a series of escalating exploration programs. For more
information about the West Athabasca diamond project visit
De Beers Canada Chief Executive Officer Kim
Truter commented: "We would like to congratulate our De Beers
Exploration team for carrying out the first field program in an
efficient and safe manner in this new area over the last two
months. We look forward to executing the upcoming drill program
with the same responsible approach as our team works through the
fall and into the winter season to obtain the next level of
information on these very interesting targets."
About De Beers
De Beers is a member of the Anglo American Group. Established in
1888, De Beers is the world's leading diamond company with
expertise in exploration and development, mining, and marketing
of diamonds. Together with its joint venture partners, De Beers
employs more than 20,000 people (directly and as contractors)
across the diamond pipeline, and is the world's largest diamond
producer by value, with mining operations in Botswana, Canada,
Namibia and South Africa. As part of the company's operating
philosophy, the people of De Beers are committed to Living up to
Diamonds by making a lasting contribution to the communities in
which they live and work, and transforming natural resources
into shared national wealth. For further information about the
De Beers Group of Companies visit
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V:
DH7N)holds interests in approximately 500,000
hectares (1.2 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 Cameco, Denison, KORES, KEPCO,
and the De Beers Group of Companies. CanAlaska is a project
generator and is positioned for discovery success in the world's
richest uranium district.
The qualified technical person for this news release is Dr Karl
Schimann, P. Geo, VP Exploration, for CanAlaska.
behalf of the Board of Directors
Peter Dasler, P. Geo.,
President & CEO
Peter Dasler, President and CEO.
Tel: +1.604.688.3211 x318
Head of External & Corporate Affairs
De Beers Canada Inc.
Tel: +1.403.930.0991 x 2703
Cell +1 416 525 5328
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
All statements included in this press release that address
activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are
forward-looking statements. These forward-looking statements
involve numerous assumptions made by the Company based on its
experience, perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate in the circumstances. In addition, these statements
involve substantial known and unknown risks and uncertainties
that contribute to the possibility that the predictions,
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prove inaccurate, certain of which are beyond the Company's
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forward-looking statements. Except as required by law, the
Company does not intend to revise or update these
forward-looking statements after the date hereof or revise them
to reflect the occurrence of future unanticipated events.
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