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    CVV   CA13708P2017

CANALASKA URANIUM LTD.

(CVV)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

CanAlaska Stakes Three New Uranium Properties in Athabasca Basin, 74,283 Hectares with multiple targets near existing uranium deposits

11/26/2021 | 07:35am EST

Vancouver - CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) ('CanAlaska' or the 'Company') is pleased to announce that compilation work by the Company's staff has identified uranium potential in three areas of the western Athabasca Basin and a total of 74,283 hectares have been staked

The Chymko project (32,603ha) is adjacent to the Virgin River shear zone and a series of potential shear structures have been identified; a uranium showing is adjacent to one of these structures. The Taggart project (28,328ha) is on trend with the Patterson corridor, which host the Triple R and Arrow deposits with combined reported resources of 472M lbs U3O8. The Carswell project (13,352ha) is located in proximity to the Shea Creek and Cluff Lake deposits with total combined resources and production of 135M lbs U3O8. A major conductive structure has been identified on this property.

Work will continue to identify key targets on each project in preparation for future exploration programs.

CanAlaska CEO, Cory Belyk, comments, 'The addition of these three large project areas in the vicinity of world-class uranium deposits and districts in the Athabasca Basin is another example of CanAlaska successfully deploying its project generator model. We look forward to working with new joint venture partners to move these projects forward.'

Other News

The Company has very recently completed drilling on its West McArthur Joint Venture Project in the 42 Zone discovery area, a joint venture with Cameco Corporation. The Company is awaiting results from 433 assay samples and 793 short-wave infrared (SWIR) samples submitted for analysis. The Company's other joint venture partner, Denison Mines, has just completed drilling on the Moon Lake South project.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada's Athabasca Basin - the 'Saudi Arabia of Uranium.' CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska 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. The Company also holds properties prospective for nickel, copper, gold and diamonds.

Contact:

Peter Dasler

Tel: +1.604.688.3211

Email: info@canalaska.com

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CAMECO CORPORATION -3.97% 23.48 Delayed Quote.-14.87%
CANALASKA URANIUM LTD. -4.65% 0.41 Delayed Quote.-6.82%
All news about CANALASKA URANIUM LTD.
01/26CANALASKA URANIUM : Deals Further Three Uranium Projects for AUD$15M
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01/19CANALASKA URANIUM : Partner to Spend AUD$5M for 60% of Two Uranium Projects in the Athabas..
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01/13CanAlaska Starts Drill Program at Waterbury South Property
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01/13CANALASKA URANIUM : Commences Drill Program at Waterbury South Property
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01/13Canalaska Commences Drill Program At Waterbury South Property
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2021CanAlaska Uranium Ltd. - West McArthur JV Extends Uranium Targets in Latest Drill Progr..
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2021CANALASKA URANIUM : West McArthur JV Extends Uranium Targets in Latest Drill Program
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2021CANALASKA URANIUM : Identifies Uranium Targets in Western Athabasca
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2021CanAlaska Uranium Ltd. acquired Carswell Project in the Western Athabasca Basin.
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2021CANALASKA URANIUM : Q2 - Oct 31, 2021 Interim Financial Report
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More news
Financials
Sales 2021 - - -
Net income 2021 -3,77 M -2,95 M -2,95 M
Net cash 2021 7,69 M 6,01 M 6,01 M
P/E ratio 2021 -11,3x
Yield 2021 -
Capitalization 41,3 M 32,5 M 32,3 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 89,7%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,41 
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Spread / Average Target -
Managers and Directors
Cory Belyk Chief Executive Officer & Executive Vice President
Peter George Dasler President & Director
Harry Chan Chief Financial Officer & Secretary
Thomas Graham Director
Jean Luc Roy Independent Director
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