In TO647, "CanAlaska samples additional gold to 24.36 g/t at Poplar
project", transmitted at 05:00e today, an error occurred at the end
of the first paragraph; the gold value should have read "19.7 g/t"
and not "197 g/t". Corrected copy follows:
CanAlaska samples additional gold to 24.36 g/t at Poplar project
VANCOUVER, May 14 /PRNewswire-FirstCall/ - CanAlaska Uranium
Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to
report on new gold mineralization of up to 24.36 g/t identified on
the Poplar project, located in Northern
Saskatchewan. Channel rock samples collected from
mineralized zones during the summer of 2009 have provided new high
gold values in addition to other mineralization previously found at
Felix Bay of up to to 47.94 g/t gold and 19.7 g/t platinum.
The new target area is in the McIntosh Bay zone of the project,
located 12 km SE of the town of Uranium
City, and 10 km east of the Goldfields project Box gold
mine, newly acquired by Linear Gold (proven and probable gold
reserves of 1,030,400 ounces contained within the combined Box and
Athona gold deposits). Immediately to the south-west of the
McIntosh Bay area are the historic Nicholson Bay and Fish Hook Bay mines, both past
producers of uranium, nickel, gold, and PGE
http://www.canalaska.com/s/News.asp?ReportID=399616
-------------------------------------------------------------------------
Significant results from rock samples collected in the 2009 summer
exploration season.
-------------------------------------------------------------------------
Style
of
Sample Length, U308 Au Pt Pd Ag Minera- Host Outcrop/
Number m % U/Th g/t g/t g/t g/t lization Rock Boulder
-------------------------------------------------------------------------
Hill Lake
-------------------------------------------------------------------------
White Out-
AM263 0.7 0.15 3 Pegmatite Pegmatite crop
-------------------------------------------------------------------------
White Out-
AM264 0.7 0.12 4 Pegmatite Pegmatite crop
-------------------------------------------------------------------------
MacIntosh Bay
-------------------------------------------------------------------------
Graphitic Out-
AM381 0.76 0.01 8 0.58 0.02 0.05 Vein Pelite crop
-------------------------------------------------------------------------
Graphitic Out-
AM380 0.86 0.10 91 24.36 0.32 1.06 Vein Pelite crop
-------------------------------------------------------------------------
Graphitic Out-
AM378 0.96 0.01 12 0.38 0.03 0.05 Vein Pelite crop
Graphitic Out-
AM372 0.81 0.08 60 Vein Pelite crop
-------------------------------------------------------------------------
Old Man River
-------------------------------------------------------------------------
Pink Out-
AM259 grab 1.63 1175 4.83 308 Vein Granite crop
-------------------------------------------------------------------------
Disse- Biotite Bou-
GCM001 grab 0.10 48 minated Gneiss lder
-------------------------------------------------------------------------
McIntosh Bay 2009 Sampling
Channel sample AM380 (24.36 g/t Au, 0.86 m long), located in a
quartz vein in well-foliated graphitic pelite and was being sampled
in association with prospecting for the extension of uranium
mineralized zones. Multiple targets were being detailed and sampled
by stripping and taking saw-cut channel samples, and the high gold
zone was measured where a quartz stringer is associated with the
sheared graphitic host rock. The extent of the mineralized interval
is unknown at this time, however, the graphitic schist unit appears
to form an arcuate shape over 50 Metres to the north and northwest
of the sampled zone. The adjacent 0.76 m channel sample of
mineralized graphitic rock assayed 4.83 g/t gold, providing an
overall mineralized interval of 1.62 metres at 13.2 g/t gold.
The McIntosh Bay and the Felix Bay areas, located 8 km to the
east, are two significant mineral zones showing high grade precious
metal results. In 2008, grab sampling of the Felix Bay and McIntosh
Bay areas located additional showings which assayed high gold,
platinum and palladium values. These earlier values are shown in
the two tables below. Gold values at Felix Bay reached 46.94 g/t,
along with 19.7 g/t platinum and 20.83 g/t palladium.
Table 1 Felix Bay Zone - Blast Pit samples
------------------------------------------------------------------------
Sample % U308 Au g/t Pt g/t Pd g/t U/Th
------------------------------------------------------------------------
DT091 10.24 1.14 0.33 0.43 363.7
------------------------------------------------------------------------
DT093 4.27 46.94 19.7 20.83 439.7
------------------------------------------------------------------------
MG077 1.2 0.05 N/A N/A 265
------------------------------------------------------------------------
MG074 0.06 0 N/A N/A 2.8
------------------------------------------------------------------------
MG078 0.05 0.44 N/A N/A 33.2
------------------------------------------------------------------------
Table 2 McIntosh Bay Narrow vein samples
-------------------------------------------------------------------------
Sample % U308 Au g/t Pt g/t Pd g/t U/Th
------------------------------------------------------------------------
RD317 3.58 0.29 N/A N/A 500.1
------------------------------------------------------------------------
GS051 1.42 0.09 N/A N/A 315.0
------------------------------------------------------------------------
GS053 1.21 0.01 N/A N/A 388.4
------------------------------------------------------------------------
RCD012 0.79 0.01 N/A N/A 307.8
------------------------------------------------------------------------
JR457 0.74 34.3 N/A N/A 377.5
------------------------------------------------------------------------
GS052 0.61 0.06 N/A N/A 244.0
------------------------------------------------------------------------
GK042 0.32 5.9 N/A N/A 98.6
------------------------------------------------------------------------
The 2009 sampling program was part of continued reconnaissance
by CanAlaska in partnership with Chinese exploration group East
Resource Inc. on the Poplar project. The Company is very pleased to
have additional precious metal targets develop in this very
accessible project, and is looking forward to continued exploration
and sampling.
All of the samples from the Poplar project were submitted to
Acme Laboratories Vancouver, an ISO 9001:2000 accredited and
qualified Canadian Laboratory, for their Group 4B analysis. These
samples were analysed for uranium and multi-element geochemistry by
tri-acid digestion and ICP-MS. The samples were collected by
CanAlaska field geologists under the supervision of Dr.
Karl Schimann, and were shipped in
secure containment to the laboratories noted above. Peter Dasler, M.Sc. P Geo. is the qualified
technical person responsible for this news release.
About CanAlaska Uranium Ltd. -- www.canalaska.com
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 --
Frankfurt) is undertaking uranium
exploration in twenty 100%-owned and three optioned uranium
projects in Canada's Athabasca Basin -- the "Saudi Arabia of Uranium". Since September 2004, the Company has aggressively
acquired one of the largest land positions in the region,
comprising over 2,500,000 acres (10,117 sq. km or 3,906 sq. miles).
To-date, CanAlaska has expended over Cdn$65
million exploring its properties and has delineated multiple
uranium targets.
CanAlaska's geological expertise and high exploration profile
has attracted the attention of major international strategic
partners. Among others, Japanese conglomerate Mitsubishi
Corporation has provided the Company C$12.6
mil. in exploration funding and holds a 50% ownership
interest in the West McArthur Project. Exploration of CanAlaska's
Cree East Project is also progressing under a C$19 mil. joint venture with a consortium of
Korean companies led by Hanwha Corporation, and comprising Korea
Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd.,
in which the Korean Consortium presently holds a 40.6% ownership
interest.
On behalf of the Board of Directors
(signed)
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release: CUSIP
# 13708P 10 2. This news release contains certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British
Columbia Securities Commission and the United States Securities
& Exchange Commission.
CONTACT: Emil Fung, Director
& V.P. - Corp. Dev., Tel: (604) 688-3211, Email:
info@canalaska.com
------
CanAlaska samples additional gold to 24.36 g/t at Poplar
project
VANCOUVER, May 14 /PRNewswire-FirstCall/ - CanAlaska Uranium
Ltd. (TSX.V - CVV) ("CanAlaska" or the "Company") is pleased to
report on new gold mineralization of up to 24.36 g/t identified on
the Poplar project, located in Northern
Saskatchewan. Channel rock samples collected from
mineralized zones during the summer of 2009 have provided new high
gold values in addition to other mineralization previously found at
Felix Bay of up to to 47.94 g/t gold and 197 g/t platinum.
The new target area is in the McIntosh Bay zone of the project,
located 12 km SE of the town of Uranium
City, and 10 km east of the Goldfields project Box gold
mine, newly acquired by Linear Gold (proven and probable gold
reserves of 1,030,400 ounces contained within the combined Box and
Athona gold deposits). Immediately to the south-west of the
McIntosh Bay area are the historic Nicholson Bay and Fish Hook Bay mines, both past
producers of uranium, nickel, gold, and PGE
http://www.canalaska.com/s/News.asp?ReportID=399616
-------------------------------------------------------------------------
Significant results from rock samples collected in the 2009 summer
exploration season.
-------------------------------------------------------------------------
Style
of
Sample Length, U308 Au Pt Pd Ag Minera- Host Outcrop/
Number m % U/Th g/t g/t g/t g/t lization Rock Boulder
-------------------------------------------------------------------------
Hill Lake
-------------------------------------------------------------------------
White Out-
AM263 0.7 0.15 3 Pegmatite Pegmatite crop
-------------------------------------------------------------------------
White Out-
AM264 0.7 0.12 4 Pegmatite Pegmatite crop
-------------------------------------------------------------------------
MacIntosh Bay
-------------------------------------------------------------------------
Graphitic Out-
AM381 0.76 0.01 8 0.58 0.02 0.05 Vein Pelite crop
-------------------------------------------------------------------------
Graphitic Out-
AM380 0.86 0.10 91 24.36 0.32 1.06 Vein Pelite crop
-------------------------------------------------------------------------
Graphitic Out-
AM378 0.96 0.01 12 0.38 0.03 0.05 Vein Pelite crop
Graphitic Out-
AM372 0.81 0.08 60 Vein Pelite crop
-------------------------------------------------------------------------
Old Man River
-------------------------------------------------------------------------
Pink Out-
AM259 grab 1.63 1175 4.83 308 Vein Granite crop
-------------------------------------------------------------------------
Disse- Biotite Bou-
GCM001 grab 0.10 48 minated Gneiss lder
-------------------------------------------------------------------------
McIntosh Bay 2009 Sampling
Channel sample AM380 (24.36 g/t Au, 0.86 m long), located in a
quartz vein in well-foliated graphitic pelite and was being sampled
in association with prospecting for the extension of uranium
mineralized zones. Multiple targets were being detailed and sampled
by stripping and taking saw-cut channel samples, and the high gold
zone was measured where a quartz stringer is associated with the
sheared graphitic host rock. The extent of the mineralized interval
is unknown at this time, however, the graphitic schist unit appears
to form an arcuate shape over 50 Metres to the north and northwest
of the sampled zone. The adjacent 0.76 m channel sample of
mineralized graphitic rock assayed 4.83 g/t gold, providing an
overall mineralized interval of 1.62 metres at 13.2 g/t gold.
The McIntosh Bay and the Felix Bay areas, located 8 km to the
east, are two significant mineral zones showing high grade precious
metal results. In 2008, grab sampling of the Felix Bay and McIntosh
Bay areas located additional showings which assayed high gold,
platinum and palladium values. These earlier values are shown in
the two tables below. Gold values at Felix Bay reached 46.94 g/t,
along with 19.7 g/t platinum and 20.83 g/t palladium.
Table 1 Felix Bay Zone - Blast Pit samples
------------------------------------------------------------------------
Sample % U308 Au g/t Pt g/t Pd g/t U/Th
------------------------------------------------------------------------
DT091 10.24 1.14 0.33 0.43 363.7
------------------------------------------------------------------------
DT093 4.27 46.94 19.7 20.83 439.7
------------------------------------------------------------------------
MG077 1.2 0.05 N/A N/A 265
------------------------------------------------------------------------
MG074 0.06 0 N/A N/A 2.8
------------------------------------------------------------------------
MG078 0.05 0.44 N/A N/A 33.2
------------------------------------------------------------------------
Table 2 McIntosh Bay Narrow vein samples
-------------------------------------------------------------------------
Sample % U308 Au g/t Pt g/t Pd g/t U/Th
------------------------------------------------------------------------
RD317 3.58 0.29 N/A N/A 500.1
------------------------------------------------------------------------
GS051 1.42 0.09 N/A N/A 315.0
------------------------------------------------------------------------
GS053 1.21 0.01 N/A N/A 388.4
------------------------------------------------------------------------
RCD012 0.79 0.01 N/A N/A 307.8
------------------------------------------------------------------------
JR457 0.74 34.3 N/A N/A 377.5
------------------------------------------------------------------------
GS052 0.61 0.06 N/A N/A 244.0
------------------------------------------------------------------------
GK042 0.32 5.9 N/A N/A 98.6
------------------------------------------------------------------------
The 2009 sampling program was part of continued reconnaissance
by CanAlaska in partnership with Chinese exploration group East
Resource Inc. on the Poplar project. The Company is very pleased to
have additional precious metal targets develop in this very
accessible project, and is looking forward to continued exploration
and sampling.
All of the samples from the Poplar project were submitted to
Acme Laboratories Vancouver, an ISO 9001:2000 accredited and
qualified Canadian Laboratory, for their Group 4B analysis. These
samples were analysed for uranium and multi-element geochemistry by
tri-acid digestion and ICP-MS. The samples were collected by
CanAlaska field geologists under the supervision of Dr.
Karl Schimann, and were shipped in
secure containment to the laboratories noted above. Peter Dasler, M.Sc. P Geo. is the qualified
technical person responsible for this news release.
About CanAlaska Uranium Ltd. -- www.canalaska.com
CANALASKA URANIUM LTD. (CVV -- TSX.V, CVVUF -- OTCBB, DH7 --
Frankfurt) is undertaking uranium
exploration in twenty 100%-owned and three optioned uranium
projects in Canada's Athabasca Basin -- the "Saudi Arabia of Uranium". Since September 2004, the Company has aggressively
acquired one of the largest land positions in the region,
comprising over 2,500,000 acres (10,117 sq. km or 3,906 sq. miles).
To-date, CanAlaska has expended over Cdn$65
million exploring its properties and has delineated multiple
uranium targets.
CanAlaska's geological expertise and high exploration profile
has attracted the attention of major international strategic
partners. Among others, Japanese conglomerate Mitsubishi
Corporation has provided the Company C$12.6
mil. in exploration funding and holds a 50% ownership
interest in the West McArthur Project. Exploration of CanAlaska's
Cree East Project is also progressing under a C$19 mil. joint venture with a consortium of
Korean companies led by Hanwha Corporation, and comprising Korea
Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd.,
in which the Korean Consortium presently holds a 40.6% ownership
interest.
On behalf of the Board of Directors
(signed)
Peter Dasler, M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release: CUSIP
# 13708P 10 2. This news release contains certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the British
Columbia Securities Commission and the United States Securities
& Exchange Commission.
SOURCE CanAlaska Uranium Ltd.
