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Fond Du Lac May 2008
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Location and Access
The Fond Du Lac project covers the area of the territory of the
Fond du Lac Denesuline First Nation, which is located on the eastern end of Lake Athabasca. Access is air or boat to
Fond Du Lac, or by winter road from Stony Rapids, where there is also a year round airstrip. The project area is contiguous with CanAlaska's Poplar and Helmer projects, and contains an identified uranium resource.
Geology
The project area straddles the boundary between the Athabasca Basin and the underlying metamorphic domains. The Athabasca basin is composed of pebbly sandstone, conglomerate and minor shale to a depth of 0 -- 400 metres in the project area. The underlying rocks are highly metamorphosed to granulite
facies, and are primarily orthogneisses and paragneisses of Archean age. Structurally there is a major crustal break in the Grease River Fault zone, with numerous splay faults.
There are numerous uranium rich boulder trains scattered across the reserve area on the south side of the lake, south of the community. The eastern most boulder train terminates in the vicinity of the
Fond Du Lac uranium deposit, as sandstone hosted deposit, located above the shallow unconformity. This deposit was evaluated in the 1960's and 1970's, before the knowledge of Unconformity type deposits In the northern resrve blocks there are isolated uranium occurrences in the basement rocks.
Past Exploration and Development
During the 1960's extensive exploration was done by
Eldorado Uranium Ltd, who defined a non 43 -101 compliant
deposit of 1, 000, 000 pounds of U3O8 . at a shallow
depths of up to 70 metres, but immediately from above the
unconformity to the surface. The project was never
developed, and was subsequently absorbed into the new Fond
Du Lac Reserve Lands. |
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NEWS SUMMARY
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Sep 22, 2009 : CanAlaska Intercepts 40.4 Metres of Uranium Mineralization in Basement Rocks at Fond Du Lac (more...)
Sep 16, 2009 : CanAlaska Finds Uranium Mineralization along 2.4 km trend at West Fond Du Lac (more...)
Aug 13, 2009 : CanAlaska Updates Current Uranium Exploration (more...)
Jul 21, 2009 : Drilling Commences on Uranium Zone at Fond du Lac Project (more...)
Feb 26, 2009 : Further Drill Results from Uranium Zone at Fond Du Lac Project (more...)
Jan 23, 2009 : CanAlaska Uranium Commences $4.6 Million Winter Exploration Program With 13,600 Metres of Drilling Planned (more...)
Sep 15, 2008 : CanAlaska Intersects Uranium Zone at Fond du Lac Project (more...)
Jun 25, 2008 : CanAlaska Uranium Mobilizes Summer 2008 Exploration (more...)
Mar 25, 2008 : CanAlaska Appoints Past Dene Chief Victor Fern to Board (more...)
Nov 29, 2006 : CanAlaska to Undertake Uranium Exploration with Fond du Lac First Nation (more...)
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Potential
The potential of this project is for more unconformity style uranium mineralization of the type currently known at
Fond Du Lac, or as known throughout the Athabasca. CanAlaska believes the known shallow mineralization to be under explored and open at depth. The Company has completed the first modern airborne VTEM survey and a compilation of all previous work.
Work on the ground is scheduled for summer 2008, following the granting of an exploration Permit by
INAC.
Comment
At the signing, Chief Victor Fern, Chief of the Fond Du Lac
Band and principal representative of the Fond Du Lac Denesuline First Nation, a community of approximately 1,750 members of the 5,000 Denesuline within the area, states: "We very much look forward to working with CanAlaska in exploring our lands. This is the first time our First Nation has entered into a partnership with an exploration company for the purpose of developing the mineral potential of our lands. The opportunity enables us to participate in the growth of the uranium exploration industry and to develop the economic potential of both our human and mineral resources. CanAlaska's experience and significant presence in the Athabasca Basin is indeed a testament to their abilities and commitment."
Peter Dasler, President and CEO of CanAlaska stated, "This agreement represents an important milestone for CanAlaska in its exploration efforts in the Athabasca Basin. We are most pleased to work hand-in-hand with First Nations communities towards the potential realization of an extremely valuable resource. Not only are we excited with regards to the immediate exploration prospects, we are also very pleased to involve the local community in our activities and to be able to create new opportunities for employment."
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May 2008
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