Presenting at Sprott Natural Resource Symposium in Vancouver
Vancouver, Canada, July 10, 2018 -- CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N))
("CanAlaska" or the "Company") ") is pleased
to announce being able to model historical drill data and define
a 400 metre long high-grade nickel target within a 1,200 metre
long horizon of semi-continuous nickel mineralization, north of
the former producing Manibridge nickel mine, in the Thompson
Nickel Belt, Manitoba.
The Manibridge project is located in an area of generally high
nickel tenor mineralization, outlined by discovery drill holes
and recent airborne geophysical surveys, as well as a number of
Additional airborne survey work is currently being tendered by
the Company, with the aim to have several drill targets ready by
Historical drilling in the mineral zone reported significant
nickel values over mineable widths, as shown in figure 2. Many
of the assays have a very high nickel tenor ([Ni]100 >20),
indicating possible remobilization and enrichment, a significant
benefit in processing.
The Thompson Nickel Belt is a 350 kilometre long mineral belt of
nickel deposits located in northern Manitoba. The Manibridge
nickel deposit was mined from 1971 to 1977. Original resources
were 1.5 million tons at 2.25% nickel and 0.27% copper. Although
cobalt was not reported, cobalt mineralization exists in other
deposits in the Thompson Nickel Belt. The Belt's extensive
nickel mineralization, associated with mafic-ultramafic rocks,
makes the region a major exploration frontier for discovery of
new sulphide nickel-cobalt deposits.
CanAlaska president Peter Dasler comments, "CanAlaska now has
three large projects in the Thompson Nickel Belt. The Manibridge
target shows a significant concentration of high grade nickel
within a broad fold structure that appears to extend to depth.
Our compilation work shows additional structural targets
associated with high geophysical response from the historical
VTEM and GEOTEM surveys. We will be gathering additional data on
these targets with a planned airborne survey, with the
expectation of outlining additional drill targets."
Exhibitor at Sprott Natural Resource Symposium Vancouver July
CanAlaska management will be in attendance at the Sprott Natural
Resource Symposium, booth 43, as well as presenting "Positioned
for Success" in the British Room, Wednesday July 18 at 3:40 pm.
Sale of Fleetwood Zinc property
The Company has now completed the sale of the Fleetwood zinc
property near Harrison BC. CanAlaska for a cash payment of
$10,000 and issuance of 200,000 common shares of Inomin.
CanAlaska has retained a 2% NSR royalty, 1% of which may be
purchased by Inomin for $500,000.
Retirement of Nana Lampton, Board Advisor.
The Company has accepted the resignation from the Advisory Board
of Nana Lampton. Members of the board appreciate the insight and
support that Nana has given over the years, and wish her well in
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSX-V: CVV;
holds interests in approximately 102,870 hectares (254,000
acres), one of the largest land positions in Canada's Athabasca
Basin -- the "Saudi Arabia of Uranium." CanAlaska's strategic
holdings have attracted major international mining companies.
CanAlaska is currently working with Cameco and Denison at two of
the Company's properties in the Eastern Athabasca Basin.
CanAlaska is a project generator positioned for discovery
success in the world's richest uranium district. The Company
also holds properties prospective for nickel, copper, gold and
diamonds. For further information visit
The qualified technical person for this news release is Dr Karl
Schimann, P. Geo, CanAlaska director and VP Exploration.
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.