Print This Story  Email This Story  Save this Link View PR Newswire's RSS Feed  Blogs Discussing this News Release  Search Blogs that Mention this News Release  Click this link to view linked Bookmarking Services Click this link to view linked Blogging Services


CanAlaska increases land position to 1,658,000 acres

    Airborne Targets Lead to New Staking
    North Athabasca Basin

    TSX.V - CVV   OTCBB: CVVLF
    http://www.canalaska.com

    VANCOUVER, June 10 /PRNewswire-FirstCall/ - CanAlaska Ventures Ltd. is
pleased to report the receipt of claim certificates for a further 26,395
hectares (65,222 acres) of mineral claims in the areas immediately south and
west of the Crackingstone Peninsula in the Uranium City area. These claims
were staked by the Company immediately after the completion of the VTEM
airborne electromagnetic survey, and represent what the Company believes to be
highly prospective properties for uranium exploration within the Athabasca
Basin of Northern Saskatchewan.

    -------------------------------------------------------------------------
    Highlights:
    -  Over 65,000 additional acres staked
    -  Athabasca land position now 1,658,000 acres
    -  Multiple conductive and magnetic targets beneath Lake Athabasca
    -  Unconformity depth from 0 to about 500 metres
    -  Extensive uranium mineralization in basement immediately to north of
       Athabasca contact
    -  Known High Grade "Stewart Island" uranium target on land adjacent to
       conductive zones
    -  Favorable environment for unconformity-style uranium mineralization
    -------------------------------------------------------------------------

    The Company previously reported the identification of significant
geological features which were identified by the modern VTEM survey, (see NR
May 17 2005) and is now pleased to provide images of the zones of interest.
The longest conductive zone extends for some 20 kilometres on the property. It
underlies water in a deep trench adjacent to Stewart Island where a small but
very high grade uranium deposit is hosted by Athabasca sandstone near its
unconformable contact with underlying basement rocks. These magnetic and
electromagnetic images are available on the Company website
(http://www.canalaska.com).
    CanAlaska is now planning for additional airborne surveys in the area, as
well as lake based surveys. Historical airborne surveys were only able to
identify portions of some of the stronger geophysical targets. In the past,
lake bottom radiometric surveys were supported by diving teams, in an attempt
to define the position of drillable targets. CanAlaska's new survey data
allows the Company to pinpoint targets for immediate follow-up. Of particular
interest is the close proximity of the targets to the previously known, but
enigmatic, sandstone hosted uranium deposit on Steward Island. The Company is
anticipating that the structures defined by the new airborne survey will lead
to other uranium mineralization within the immediate area.

    Other Activity

    CanAlaska is very active with its exploration efforts, and is continuing
to contract airborne surveys on its 100% owned project areas.
    The Company has assembled two fifteen person technical crews for ground
field work, the first of which has now commenced fieldwork on the North East
Project. The Company has been informed of initial success by the field crews
with the identification of radioactive boulder trains in the area with samples
reporting up to 10,000 cps.
    The deep penetrating MEGATEM II surveys carried out in December 2004 over
the West McArthur River Property have also identified previously unknown and
significant conductors in four separate areas. The Company's consultant, S.J.
Geophysics, is completing detailed geophysical modeling in preparation for
imminent field work on this property. Similar modeling is being carried out on
the nearby Moon Property, and the Helmer Property to the northwest. In all
areas detailed airborne surveys have identified high priority anomalous zones.
    The Company is also continuing to review and discuss uranium exploration
and development targets in other favorable situations.

    About the Athabasca Basin

    The Athabasca Basin is host to Cigar Lake and McArthur River, two of the
world's largest and highest grade uranium deposits in the world. The region
accounts for 32% of the world's uranium supply, a figure which is expected to
increase significantly by the end of the decade. The Company believes that the
potential for new discoveries is quite high, and Peter Dasler, President, has
noted that "the results of our initial airborne surveys have produced targets
which support this potential".
    The qualified person for this release is Peter Dasler, P.Geo, President
of CanAlaska Ventures Ltd.

    About CanAlaska

    CanAlaska is a mineral exploration company concentrating on the
exploration and development of uranium, in the Athabasca Basin of
Saskatchewan, Canada, where the company has recently assembled a large land
package of over 1,650,000 acres. CanAlaska holds one of the largest uranium
exploration portfolios in the region.

    On behalf of the Board of Directors

    "signed"

    Peter Dasler, President


    Investor Contact:
    Peter Dasler, President
    Tel: (604) 685-1870
    1-800-667-1870
    Email: ir@canalaska.com


     The TSX Venture has not reviewed and does not accept responsibility
     for the adequacy or accuracy of this release: CUSIP No. 137089108.

    This news release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the British
Columbia Securities Commission and the United States Securities & Exchange
Commission.


SOURCE CanAlaska Ventures Ltd.




Back to Topback to top

CONTACT:
Investor Contact: Peter Dasler, President,
Tel: (604) 685-1870, 1-800-667-1870, Email: ir@canalaska.com