CanAlaska Uranium Announces Extensive RARE EARTH Mineralization at NE
Wollaston Project
Total Rare Earth Element (REE) mineralization ranging from 0.2% to 10% is reported, and in many cases it is the most valuable component of the samples. In other samples it occurs as a significant potential by-product from uranium or base-metal mineralized zones. Because of the varying ratio of heavy to light REE, the in-situ value is quite variable, anywhere from less that
These zones of REE mineralization are often in association with uranium or thorium mineralization, and are relatively easily prospected by scintillometer traverses, or from airborne radiometric surveys. Most of these reported samples are from radioactive boulders, sampled for uranium. No specific search was made for REE bearing rocks at that time, but all current targets will now be followed up.
The extensive results tables presented in this news release also detail the uranium and molybdenum mineralization samples in the zones. Further detail on the individual zones is in the news release dated
The NE Wollaston project area, located in Manitoba, northeast of the Athabasca Basin uranium deposits, is shown in the attached location map. Historically this area was explored for base metal mineralization, (1960's-1980). In the early 1980's, reconnaissance work identified several areas with anomalous uranium mineralization. In 2004, CanAlaska acquired the mineral licences in the area and began systematic prospecting and lake sediment sampling through to 2007, and made the REE discoveries.
The following tables show the REE mineralization in the samples collected by CanAlaska personnel:
http://www.canalaska.com/i/maps/102009CVV-REEGradeTable.pdf
The Company has been is awaiting local and Government approvals and work permits to re-commence work on the project areas, and has now been informed by the community and the Manitoba Government that the next stages of exploration should be able to re-commence in 2010.
All of the samples from the exploration programs were submitted to qualified Canadian laboratories for analysis. Samples submitted to Saskatchewan Research Laboratories were analysed for multi-element geochemistry and including uranium by tri-acid digestion and ICP. Samples submitted to Acme Laboratories in
About CanAlaska Uranium Ltd. - www.canalaska.com
CANALASKA URANIUM LTD. (CVV - TSX.V, CVVUF - OTCBB, DH7 -
CanAlaska's geological expertise and high exploration profile has attracted the attention of major international strategic partners. Among others, Japanese conglomerate Mitsubishi Corporation has undertaken to provide the Company C$11 mil. in exploration funding for its 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. Exploration recently commenced on the Poplar Project with Chinese mining partner East Resources Inc., comprising a potential 100,000 metres of drill testing. In addition, Canadian explorer Kodiak Exploration has also optioned the McTavish Project to advance exploration with the goal of attaining a 60% project interest earn-in by delineating a minimum of 35 million pounds U(3)O(8).
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 No. 13708P 10 2. This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the
For further information: Emil Fung, Director & V.P. - Corp. Dev., Tel: (604) 688-3211, Email: [email protected]
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