VANCOUVER,
July 25, 2011 /PRNewswire/ -
CanAlaska Uranium Ltd. (TSX - CVV) ("CanAlaska" or the
"Company") is pleased to announce the completion of two
airborne ZTEM geophysical surveys on its wholly-owned Hodgson and Carswell projects in the
Athabasca Basin,
Saskatchewan. The newly-developed ZTEM surveys provide a new
dimension for surveying electromagnetic targets, and as expected,
provide superior detail of conductive zones at depth.
To view figures click here:
http://www.canalaska.com/s/News.asp?ReportID=468369
The first ZTEM survey at the Hodgson project identified five areas with
significant basement conductors (see Figure 1). These
conductors identify targets trending northeast, north and northwest
in areas where CanAlaska had previously identified AMT geophysical
responses, and significant surface geochemical anomalies. The
survey has identified 35km of conductive trends on the project,
which is located in the east-central part of the Athabasca Basin, 27 kilometres northwest of
the McArthur River mine and 21 kilometres west of the Cigar Lake
deposit. Exploration to-date includes lake sediment geochemistry
and ground geophysics, and the new ZTEM survey. The reconnaissance
ground AMT surveys had confirmed a series of basement conductors
and indicated the presence of conductive zones in the sandstones,
structures thought to be related to uranium mineralizing
events. The current ZTEM survey mapped these basement
conductor patterns in more detail and has given significant
information as to the shape and size of these targets.
The second ZTEM survey, which covered
CanAlaska's claims on the western portion of the Carswell
structure, has confirmed basement conductors in areas where
previous VTEM surveys (see Figure 2) were hampered because of
conductive overburden. CanAlaska has assembled a large land
position, north and north-west of the new discoveries by Areva and
UEX, and west and south of the historic Cluff Lake uranium mines, located within the
basement uplift.
CanAlaska President Peter Dasler comments: "Exploration for mineral
deposits in the Athabasca Basin
has benefited greatly from recent advances in geophysical
techniques. The two projects surveyed this summer are located
near significant uranium deposits in the Athabasca Basin, and the results from the
current ZTEM survey have generated very strong targets for further
exploration."
Mr. Peter Dasler,
P. Geo., is the qualified technical person responsible for this
news release.
In other matters the Company has recently
completed the sale of its historic Zeballos project, and is reviewing the
exploration results from mapping and sampling work carried out in
the first quarter on its wholly owned gold project in the Reefton
Goldfield in New Zealand. Compilation work is continuing on
the Fond Du Lac project, following
the winter drill program, and surface geophysical surveys are near
completion at the West McArthur project in the Athabasca Basin.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV -- TSX, CVVUF --
OTCBB, DH7 -- Frankfurt) is
undertaking uranium exploration in twenty one 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$75 million exploring its properties and has
delineated multiple uranium targets.
For more information visit www.canalaska.com
On behalf of the Board of Directors
(signed)
Peter Dasler,
M.Sc., P.Geo.
President & CEO, CanAlaska Uranium Ltd.
The TSX 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.
