CanAlaska Uranium Ltd. (CVV - TSX.V) is pleased to report the commencement of winter drilling at two further sites in Canada's Athabasca Basin.
Cree East Drilling
Drilling has commenced on a cluster of targets, and the current drill program of five holes and 2,300 metres will all test this initial area. Drilling is expected to continue into April, and may be extended depending on site conditions. CanAlaska Uranium is carrying out the project work on behalf of CanAlaska Korea Uranium Ltd., which is funding a $19 million program of exploration on the property.
The Cree East Project is situated in the Southeastern Athabasca Basin, approximately 25 km west of the Key Lake uranium mine, and 20 km south-west of Cameco Corp.'s Millenium uranium deposit. The Project claims were staked by CanAlaska in 2004, and cover 559 sq. km. of the Wollaston-Mudjatik domain rocks. Historical drilling tested alteration zones and targets, generally to the south and east of the property, and current exploration by other companies is revisiting these areas. The depth to the unconformity varies from 250 metres in the south to an inferred 800 metres in the north. From geophysical evidence and past drilling, there appears to be a number of step structures at the unconformity boundary and in the basement.
CanAlaska carried out airborne surveys across the property area in 2005 and determined priority targets. In 2006, detailed collection of over 2,000 surface rock samples and over 400 lake sediment samples by CanAlaska's field crews defined three large areas of dravite and clay alteration on surface, and localised boulder samples containing anomalous uranium. It is thought that the dravite and clay alteration, coupled with the anomalous uranium in the lakes and boulders in this vicinity indicates the proximity of unconformity and basement style uranium mineralization.
The shallow depth to basement also allowed close definition of conductive zones and geological structures from the airborne survey data. During winter and summer of 2007, the Company conducted further IP-Resistivity and Audio Magneto Telluric geophysical surveys. Initial ground geophysical data have provided the Company with evidence of strong alteration in the sandstone horizons overlying these basement conductors. -- www.cnxmarketlink.com
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