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CanAlaska Uranium Ltd.
Summary
| Project: | North Ruttan | |
|---|---|---|
| Deposit: | Nisku | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 5/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2017: CanAlaska Uranium Ltd. announces an Exploration/Drilling Update report for its Nisku deposit at the North Ruttan project. Drilling results incl. 11m @ 0.05% Cu. Vancouver, Canada, May 16, 2017 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Karl Schimann (Internal) | |
| ABSTRACT: | Vancouver, Canada, May 16, 2017 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to announce results from the four reconnaissance drill holes at the Nisku target located 7 kilometres east of CanAlaska’s North Ruttan copper-zinc property in the Leaf Rapids area of northern Manitoba. Drilling intersected massive iron sulphides between surface and 150 metres depth, with elevated copper mineralization in holes NSK001, NSK002 and NSK003. Drill hole NSK004 located to the east intersected volcanics with minor sulphides. The drilling tested a coincident VTEM magnetic and electromagnetic target, which has the characteristics of a large volcanogenic massive sulphide (VMS) deposit. The target is located 10 kilometres east of the past producing Ruttan copper-zinc massive sulphide mine. The Ruttan mine was one of the largest VMS deposits in Canada. CanAlaska President Peter Dasler commented, “The Nisku drilling has confirmed another VMS target on our Ruttan area claims. It is encouraging to see the same association of copper-goldsilver mineralization as we see in our nearby North Ruttan project. The North Ruttan VMS zone has always been associated with high gold values, and it is encouraging to see that this system appears to be repeated 7 km to the east. Both targets have only been tested to a depth of 150 metres and are now awaiting further infill and deeper drilling.” | |
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