Multiple untested targets, modeling
indicates deeper response
Vancouver, British Columbia, January 16,
2017 -- CanAlaska Uranium Ltd. "the Company" (TSX-V:
DH7N) ("CanAlaska" or the "Company") is
pleased to provide detailed imaging from the recent West
Athabasca airborne surveys carried out in 2016 under the
recently terminated option with De Beers. The images of magnetic
anomalies and discussion of models are presented on CanAlaska's
along with a description of deeper modeling of kimberlite
targets by consultants Scott Hogg and Associates.
The drill program carried out September 2016 tested seven
magnetic targets. At five sites, the drill holes intercepted
magnetic material within the organic overburden, which may have
explained the anomaly, however geophysical modeling of various
other targets using this information still requires the
inclusion of deeper magnetic bodies to provide a solution to the
measured response from the airborne survey. The Company is in
discussion with outside parties, with the aim to further
investigate the kimberlite targets.
Company Management will be at the Vancouver Resource Investment
Conference January 22-23 (https://cambridgehouse.com/event/54/vancouver-resource-investment-conference-2017)
to discuss this project, and CanAlaska's uranium and copper
projects, with investors.
During the conference, CanAlaska President Peter Dasler will be
part of a panel discussing the uranium market and targeting
discovery of mega uranium deposits in the Eastern Athabasca
Basin. Also on the panel is David Cates, President of Denison
Mines, and Jordan Trimble, President of Skyharbour Resources.
The panel is scheduled for Sunday, January 22 at 2 pm in
Workshop 3. Presentation material will be available to the first
fifty attendees. Thom Calandra of The Calandra Report Investment
moderate what promises to be a highly informative discussion of
the uranium market and exploration in the Athabasca Basin.
The Company has also granted incentive stock options to certain
directors, officers and consultants of the company to purchase
up to an aggregate of 350,000 common shares of the company
pursuant to the company's share option plan. The options are
exercisable for a period of two years at a price of $0.59 cents
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, and KEPCO. CanAlaska is a project
generator and is positioned for discovery success in the world's
richest uranium district.
For further information, visit
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
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
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,
forecasts, projections and other forward-looking statements will
prove inaccurate, certain of which are beyond the Company's
control. Readers should not place undue reliance on
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.