CanAlaska Ventures Ltd. Phase IV Uranium Acquisition Complete
Athabasca Basin, Saskatchewan, Airborne Surveys Underway
Vancouver, BC (PRWEB via PR Web
Direct) January 14, 2005 -- CanAlaska Ventures Ltd "CanAlaska" www.canalaska.com (TSX
Venture: CVV – OTCBB: CVVLF), further to the announcement dated November 10th,
announced today that it has completed its fourth phase of property acquisitions
and has now acquired or applied for leases covering approximately 306,000
hectares (approximately 756,500 acres) or 3,060 square kilometres of prospective
uranium claims in the Athabasca Basin, Saskatchewan. The Company holds a 100%
interest in these project areas.
Harry Barr, Chairman of CanAlaska has
stated, "We are well on our way to achieving our objective, which is simply to
control one of the largest uranium exploration portfolios in the Athabasca
Basin". The goal of the acquisition program is to position the Company and its
shareholders for what CanAlaska believes will be the largest expansion in
uranium exploration since the 1970s.
Highlights of the Company's
acquisition activities in the area include:
• Application
for 101,661 hectares (250,000 acres) of the unconformity target, in Alberta,
underlying the western end of Lake Athabasca
•
Applications for 25,565 hectares (63,171 acres), on the northern boundary of the
Athabasca Basin unconformity southwest of Fond du Lac
•
Continuing identification of additional target areas
•
Further claim staking activities and lease applications
•
Active evaluation of other drill-ready targets
This program of
acquisition and staking has proceeded through the Fall under the direction of
recently appointed Manager of Uranium Exploration, Dr. Karl Schimann, and is
expected to continue through the Winter, as the company works to rapidly develop
its uranium exploration portfolio. CanAlaska's Canadian technical team is
guiding the Saskatchewan acquisition process and preparing for the Athabasca
Winter exploration program. In the US and Australia the Company's technical
representatives are evaluating new acquisitions. Mr. Jim Kermeen, P. Eng, as
Manager of Joint Venture Development, is currently negotiating with parties
interested in participating in the Saskatchewan operations.
"MEGATEM"
airborne geophysical surveys commenced in late 2004 and continue over the
properties acquired in the eastern Athabasca Basin, immediately west of the
McArthur River Uranium deposits, and further surveys of at least two more claim
blocks are planned. As Peter Dasler, President of CanAlaska has noted, the use
of such technology represents a "Quantum Leap" which continues to push new
limits in the ability to detect mineral deposits from the air compared to
previous technology.
The Athabasca Basin hosts a number of major uranium
deposits including Cigar Lake and McArthur River, two of the largest and highest
grade uranium deposits in the world. Production from the Athabasca Basin
currently accounts for 32% of the world's supply of uranium. The objective of
CanAlaska's ongoing acquisition program is to establish the Company as a
significant player in uranium exploration.
CanAlaska is also actively
exploring for gold in the Hemlo Gold Belt and nickel in the Voisey Bay area of
Labrador. In New Zealand the Company has assembled a series of grass roots and
advanced gold exploration projects, which are budgeted for detailed exploration
and drill testing in early 2005.
To learn more about the exploration and
mining activities for Harry Barr publicly traded companies go to: www.goldplatinumgroup.com.
The qualified person for
this release is Peter Dasler, P.Geo, President of CanAlaska Ventures
Ltd.
About CanAlaska
CanAlaska is a mineral exploration company with
uranium, gold, base and platinum group metal projects in Alaska, British
Columbia, Labrador, Ontario, Quebec and New Zealand. Management's objective is
to create shareholder wealth through the exploration and development of
diversified mineral project portfolio
On behalf of the Board of
Directors
"Harry Barr"
Harry Barr, Chairman
Investor
Contact:
Spiros Cacos
Tel: 604.685.1870 Toll Free
1-800-667-1870
Email: e-mail protected from spam bots
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Source : http://www.prweb.com/releases/2005/1/prweb197619.htm