Dr. Karl Schimann, CanAlaska's VP - Exploration commented: "The Wollaston Belt of rocks host the majority of the world-class uranium deposits in the Athabasca Basin, where massive uranium mineralization has been discovered under up to 900m of covering sandstone. The advantage of the NW Manitoba project is that we see these basement rocks on surface, as any overlying sandstone and cover rock has previously been stripped-off by ice action. There are many locations where we have found high-grade uranium (pitchblende bearing boulders, pebbles and outcrop veins) on surface. It is very exciting to now be able to plan for the first drill programs on these surface targets,"Peter Dasler, M.Sc., P Geo. is the qualified technical person responsible for this news release.
Exploration Recommences At NW Manitoba Uranium-REE Project
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts