VANCOUVER, Oct. 29 /PRNewswire/ - CanAlaska Uranium Ltd.
(CVV - TSX.V) (the "Company" or "CanAlaska") is pleased
be able to provide its recently commissioned NI 43-101 technical
summary report for the Fond Du Lac
uranium project in the Athabasca
Basin, Canada. This report is now available on SEDAR and
EDGAR databases for public viewing.
The Fond Du Lac NI 43-101 report was prepared by
Mr. Ron Parent, P. Geo, Principal
Geologist with AMEC Americas Limited, Vancouver. In the
report, Mr. Parent describes the historical sandstone-hosted
uranium deposit, and CanAlaska's recent discovery of shallow
basement-hosted uranium mineralization adjacent to this known
mineralization. Additional areas on the property
display potential for hosting basement and sandstone-hosted
uranium mineralization. Mr. Parent's review recommends a
two-stage program of exploration, consisting of drilling and
investigation at an estimated budget of Cdn$2.87 Mil.
President Peter
Dasler states: "The Fond Du Lac Project hosts a number
of areas with potential for uranium mineralization. The historical
sandstone-hosted deposit is located within forty metres (130 ft) of
surface, and the recently-discovered basement-hosted mineralization
occupies a brecciated feeder type system, which is expected to
extend to depth and along strike. The basement mineralization
is also very near surface, and able to be tested systematically
with short drill holes during the coming 2011 winter season and
continuing into the summer."
Peter Dasler,
M.Sc., P Geo. is the Qualified Person responsible for this news
release.
About CanAlaska Uranium
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$70 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 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.
Copyright . 29 PR Newswire
