John Gomez reports that Battery developers turning to nickel sulphide to power electric vehicle boom. CanAlaska Uranium Ltd. is pleased to announce that it has expanded into other metal acquisition projects by acquiring two Mineral Exploration Licences covering over 16,000 hectares (63 sq miles) in an area highly prospective for sulphide nickel located 25 kms northwest of the town of Thompson and Vale's nickel smelter and mining operations.
The land package covers extensive areas of favourable nickel geology identified in historical work by both Inco and Falconbridge. Drill testing of the area ceased in 2005, but an extensive portion of the properties were later flown by next generation VTEM airborne in 2007, providing twenty-nine new targets, six of which are high priority targets within mapped Pipe Formation stratigraphy. The two licences surround the 5.3 million tonnes "Mel" Nickel Deposit and cover the most prospective stratigraphy to the north and west. Historical drill nickel intercepts in the stratigraphy to the east of the "Hunter" licence include intercepts of significant nickel mineralization in four separate zones.
Historical drill intercepts:
2.43% Ni/1.92 metres
1.09% Ni/0.3 metres
1.06% Ni/0.3 metres
1.95% Ni/0.46 metres
These reconnaissance drill holes require further follow-up, as the grade indicates sulphide mineralization similar to the deposits in other parts of the Thompson Nickel Belt. To the north, the "Strong" licence covers the extension of the Thompson Belt stratigraphy explored by Falconbridge until 2005. A new VTEM airborne survey flown in 2007, added to the information provided by earlier ground geophysics and 13,000 metres of drilling identified the potential for a major discovery north of the "Mel" zone. Further work was cut short in 2008 by market conditions.
CanAlaska Uranium Ltd.holds interests in approximately 500,000 hectares (1.2 million acres), one of the largest land positions in Canada's Athabasca Basin region, the "Saudi Arabia of Uranium." CanAlaska's strategic holdings have attracted major international mining companies and is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. For further information visit www.canalaska.com.
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