CanAlaska Uranium (
TSX: V.CVV,
Forum) celebrated a significant exploration milestone at its West Athabasca diamond project when the company announced today that the De Beers’ exploration team had recently completed detailed airborne surveys of the project, confirming the presence of several near-surface magnetic anomalies, and as a result, was preparing to commence drilling at the project
According to the
news release, the majority of the magnetic anomalies that were found at the project, located in the western Athabasca, coincide with lakes, or are in swamps. The anomalies or clusters of anomalies are up to 10 hectares (25 acres) in size, comparable to many of Canada’s diamond deposits.
The drill campaign is scheduled to begin at the end of August and continue into mid-October to test a selection of the accessible land targets. Drilling of the remaining targets that are located under lakes will be scheduled for winter 2017.
Company President, Peter Dasler, commented, “We now have indications from the survey of a large kimberlite field in the western Athabasca. We are particularly excited that De Beers' team will be able to produce the first drill core in September. De Beers' rapid deployment of a drill crew provides CanAlaska shareholders with significant upside value in the short term.”
CanAlaska Uranium was in the news recently when
the Vancouver-based company announced yesterday optioning West Carswell Property to Canterra Minerals.
Shares were up 1.64% to $1.24 per share.
Currently there are 22.07m outstanding shares with a market cap of $26.92 million.
FULL DISCLOSURE: CanAlaska Uranium is a Stockhouse Publishing client.