Issue link: http://resourceworld.uberflip.com/i/661612
A P R I L / M A Y 2 0 1 6 www.resourceworld.com 19 Canalaska stakes diamond Claims in athabasCa basin CanAlaska uranium Ltd. [CVV-TSXV; CVVUF-OTCQB; DH7N] has acquired, by staking, approximately 75 kimberlite targets in the Western Athabasca Basin, northern Saskatchewan. The claims staked by CanAlaska cover kimberlite style targets identified by a high resolution airborne geophysical survey carried out on behalf of the Saskatchewan Geological Survey. The 2011 airborne magnetic survey reveals a series of discrete magnetic anom- alies with a shallow signature, northeast of the Carswell structure and close to a large crustal structure, the Grease River Shear Zone. The Saskatchewan Kimberlite Indicator Mineral sampling (KIM) pro- grams reached close to the Carswell structure, but the most northern samples remain southeast of the down-ice trend from these magnetic anomalies. There has been no known kimberlite exploration in the Athabasca Basin and limited general exploration in the project area. The Fort McKay-Fort McMurray KIM trend in Alberta is dominated by chromite, but also contains some pyrope and eclog- itic garnets. These appear to be down-ice from the targets identified by CanAlaska in the northwestern Athabasca within the Athabasca sandstone. The basement rocks below the Athabasca sandstone in the project area are classified as Rae Province. The Rae Province rocks host diamondifer- ous kimberlites in Nunavut. The Buffalo Hills and the Birch Mountain kimberlite fields in Alberta appear to lie on the same structural trend as the project area. President Peter Dasler said, "These 75 circular targets fit all the geophysical crite- ria of kimberlites, and the clustering of the targets around major geological structural features within the Rae Province base- ment rocks is added impetus for immediate investigation. I want to thank Dr. Karl Schimann, CanAlaska's VP Exploration, who researched and identified the targets which were later confirmed by further geophysical interpretation by CanAlaska's contract geophysicist Dr. Jules Lajoie. We have some distance to go to establish whether these targets are kimberlites, and then whether they contain diamonds, but we are very encouraged by the large num- ber of distinct targets and the existence of indicator minerals to the southwest." In other matters, the company continues to advance discussion with third parties in relation to these claims and its uranium landholdings in the Athabasca region. CanAlaska holds interests in a very large land position prospective for uranium in the Athabasca Basin. seCova metals drilling duvay gold projeCt, northwest QuébeC secova Metals Corp. [SEK-TSXV; SEKZF-OTC] has commenced its winter exploration program on the 90%-optioned, advanced-stage, Duvay gold project in Amos, Québec. The program is scheduled to include over 3,250 metres of drilling. A 3-D induced polarization survey and com- pilation of historic data into a 3-D model are under way. Results are expected to con- tribute to a comprehensive model of the Duvay gold structure. The Duvay Project is located in the Abitibi Gold Belt, one of Québec's premier mining jurisdictions. Winter drilling is proposed to include 10 holes along the current 1.5-km strike at Duvay. These holes of between 200 and 400 metres each would test the system at depth for the first time to determine if gold-bearing structures continue for the entire strike length and at depth. "We are very excited to have started our exploration program at Duvay and look forward to drilling, which is crucial to test the expanse of the property for its gold deposit potential," said Brad Kitchen, CEO. Most historic work at Duvay focused near the surface, including 339 drill holes to an approximate depth of 100 metres, and in an area that is only 250 m 2 . Historical gold results from the 1940s through the 1980s reportedly include drill intersections of up to 402 g/t gold over 0.36 metres, 76.8 g/t gold over 0.46 metres and 34.6 g/t gold over 0.46 metres, as well as more recent drilling by optionor tres-Or Resources Ltd. [TRS-TSXV] including up to 83.194 g/t gold over 1.0 metre. A short exploration mine shaft and drifts (1944) reportedly intersected a highly variable gold grade. These findings are similar to typical gold mineralization in the Abitibi gold belt. As part of its methodical approach to exploring the Duvay Project, Secova is currently conducting a 3-D IP survey (OreVision 3-D) and compiling all available historic data into a 3-D model using the latest computer software. Once complete, this model is expected to help fast-track the project by identifying the best drill targets on the property on a much larger scale than before. Drilling is anticipated to begin between March and late April depending on weather conditions. The winter exploration program at Duvay is based on a preliminary assess- ment report prepared by PJ Lafleur Geo-conseil Inc. PJLGCI reviewed all avail- able historic information with the objective of proposing an exploration program that would assist in creating a comprehensive model of the Duvay gold structure. n MININg