Issue link: http://resourceworld.uberflip.com/i/460990
F E B R U A R Y / M A R C H 2 0 1 5 www.resourceworld.com 17 A Premier Explorer in the World's Richest Uranium District With interests in approximately 770,000 hectares (1.9 million acres), CanAlaska Uranium holds one of the largest land positions in the Athabasca Basin and surrounding region. Our strategic land holdings have attracted industry leaders. Partner funded exploration totaling $45 million, led by global mining leaders Mitsubishi, KORES and KEPCO, has delineated multiple uranium targets. Exploration by these and other companies has positioned CanAlaska for discovery success in the Athabasca Basin, the world's premier uranium district. EXPLORATION IN THE WORLD'S RICHEST URANIUM DISTRICT Shares Issued: 22.06 Million TSX.V: CVV; OTCQB: CVVUF www.canalaska.com info@canalaska.com Tel. 604.688.3211 which have very low mining and produc- tion costs even though they have a lot of refining to do. They are mining rocks that are the richest in the world, with gross val- ues at around $20,000 per tonne. Numbers are so staggering it is not only one order of magnitude, it is two or probably three orders of magnitude, richer in grade than other uranium mines in the world." CanAlaska decided to look around in 2004, to see where the best place to explore for uranium was. Dasler said, "We were looking for opportunities around the world. We saw many opportunities in Africa and Australia, but they were all dwarfed by the opportunity that existed in the Athabasca to find another deposit like Cigar Lake or McArthur River. That is why we turned around and put all our energy into the Athabasca." Dasler said, "We were the first junior company to try out the MEGATEM (deep penetrating airborne geophysical survey) system and now these surveys have been adopted by everybody. The next year or a year and a half later, we tested the VTEM system. We fine-tuned and experimented with the system over the targets. At that time CanAlaska was spending a lot of time and effort on geophysics. We were joined by some very well known geophysicists who helped develop our skills over the next five years." All of CanAlaska's properties were explored using and helping to develop the technology that identified target areas. Since then, virtually all of the Athabasca Basin, to depths of 1,000, metres has been explored using that technology. Dasler said, "There is the possibility that there are unidentified targets in the basin at greater depths. All our main targets were identified using the airborne surveys. From there, we did ground surveys." "We have since drilled and have been drilling into targets and finding what we are looking for. Unfortunately with Fukushima, things slowed down," said Dasler. "Our share price dropped from $1.60 to $0.16. We have been waiting since that time for the markets to improve … we cut back on costs and concentrated on getting deals on our projects. We were successful with this, and now have explo- ration and drilling being carried out on the Patterson Lake and NW Manitoba proper- ties, and a significant and well-funded partner with our Kasmere Project. We are particularly excited for the Manitoba proj- ects, where the first drill holes have now started to show uranium mineralization at shallow depths." Dasler added, "We are now looking to move forward on our key projects at Cree Lake with our Korean partners, and at West McArthur with Mitsubishi. These two projects have had over $35M of explo- ration, and we have identified multiple large targets which show uranium min- eralization at the unconformity. So in the end, we have been able to maintain our tight share structure for our shareholders, but at the same time, have momentum as the market changes. This should be a very good year for CanAlaska." n