CanAlaska Announces Summer Drill Program Finished at West Athabasca Diamond Project
VANCOUVER, BC / ACCESSWIRE / September 29, 2016 / CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N), ("CanAlaska" or the "Company") has been informed by De Beers Exploration that seven of 11 anomalies originally targeted as accessible for the summer program at the West Athabasca project were drilled, while the remaining four targets have been deferred due to high water levels. All remaining targets will be inaccessible until the winter freeze takes place.
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Figure 1 Athabasca Diamond Projects
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The condensed summer program finished without intersecting kimberlite. De Beers is still receiving and analyzing physical property data from the last hole to better understand the overburden's physical properties, and geophysical response. All the drill core will be removed from site and transported to De Beers facility in Sudbury for further review and planning.
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Figure 2 De Beers Drill Rig on Site, West Athabasca project
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CanAlaska President Peter Dasler said: "The large number of anomalous geophysical responses, scattered across the 100 kilometre (60 mile) long zone, provides logistical challenges. This coupled with an abnormally wet fall season, has slowed the previous rapid advancement of this project. We look forward to winter freeze, so that site access becomes an easier exercise. We also look forward to the continual systematic testing of the various targets this winter."
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 covers 85 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
http://www.canalaska.com/s/AthabascaDiamondProject.asp?ReportID=740492
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 www.debeersgroup.com.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: 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. For further information visit www.canalaska.com.
The qualified technical person for this news release is Dr Karl Schimann, P. Geo, VP Exploration, for CanAlaska.
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc., P.Geo.
President & CEO
CanAlaska Uranium Ltd.
Contacts:
Peter Dasler
President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com
John Gomez
Corporate Development
Tel: +1.604.484.7118
Email: jgomez@canalaska.com
Tom Ormsby
Head of External & Corporate Affairs
De Beers Canada Inc.
Email: Tom.Ormsby@debeersgroup.com
Tel: +1.403.930.0991 x 2703
Cell +1 416 525 5328
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.
Forward-looking information
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.
SOURCE: CanAlaska Uranium Ltd.
