CanAlaska Uranium Ltd.

All four holes return high-grade nickel mineralization CanAlaska Uranium Ltd. is pleased to report intersection of high-grade sulphide nickel mineralization at Manibridge, Manitoba. All four holes from the recently completed drilling program at the North Manibridge Zone returned high-grade nickel up to 9.47% contained within semi-massive and disseminated sulphide mineralization. Figure 1 To view an enhanced version of [...]

CanAlaska Uranium Ltd. is pleased to report the agreement for the sale of the Zeballos Gold project to Privateer Gold Ltd., a private BC corporation. The cash sale agreement is for $50,000 on signing and $200,000 upon transfer of the Crown Grant titles on or before May 31, 2019. CanAlaska will retain a 2% net smelter return royalty over the property, 1/2 of which may be purchased by the buyer prior to production for [...]

Four holes hit semi massive and associated disseminated nickel mineralization CanAlaska Uranium Ltd. is pleased to report on successful completion of drilling at Manibridge, Manitoba. Four holes showed semi-massive and massive sulphide mineralization with associated wider zones of disseminated sulphides near existing mineralization. The four hole, 1,000 metre drill program successfully intercepted a broad fold structure [...]

First holes to target 400 metre long zone; high-grade nickel in historical drillholes CanAlaska Uranium Ltd. reports that drill testing of the Manibridge high-grade nickel zone, in the Thompson Nickel Belt Manitoba, has begun. As previously reported on 14 January 2019, the 400 metre long Manibridge high-grade nickel zone shows a significant concentration of nickel within a broad fold structure that appears to extend to [...]

Target selection completed for West McArthur uranium project; multiple conductors and targets in 1.6 km long zone; large geochemical halos reach surface CanAlaska Uranium Ltd. reports that plans have been made for drill testing of the northern portion of Grid 5, where Cameco identified multiple intercepts of uranium mineralization in the most recent drill programs. See previous news December 11, 2018. Under the Joint [...]

Cory Belyk, Senior Manager involved in global uranium project development Previously involved with major uranium miner during option of West McArthur CanAlaska presenting at Vancouver Resource Investment Conference, booth 328 CanAlaska Uranium Ltd. reports that it has appointed Cory Belyk as Chief Operating Officer. Cory is a professional geoscientist and senior manager with almost 30 years of experience working for major [...]

Manibridge nickel; first holes planned for February 2019 - Further work underway on uranium and diamond projects CanAlaska Uranium Ltd. reports that contracts have been signed for drill testing of the Manibridge high grade nickel targets, in the southern Thompson Nickel Belt Manitoba. CanAlaska has three large projects in the Thompson Nickel Belt. The Manibridge target shows a significant concentration of high-grade [...]

CanAlaska Uranium Ltd. , is pleased to announce that it has closed a non-brokered private placement for 930,000 flow-through units at a price of $0.35/F/T Unit for gross flow-through proceeds of $325,500. In conjunction with this financing, the Company paid finders' fees to eligible finders in the aggregate amount of $22,785 cash and 65,100 finder's warrants. Each F/T Unit will consist of one flow-through common share and [...]

Focus to extend Grid 5 north discoveries with 2019 drill program; Multiple additional targets in 1.3 km long zone CanAlaska Uranium Ltd. reports that CanAlaska and Cameco Corp. have formed the "West McArthur Joint Venture", with CanAlaska as Operator and 70% owner. At the December 6 JV meeting Operatorship was transferred, and a $2.4M exploration budget was accepted for 2019 drilling and geophysics. The program of work [...]

CanAlaska Uranium Ltd. is pleased to announce that it has closed its private placement financing previously announced on October 30, 2018 and November 13, 2018, and issued 1,795,375 units for gross proceeds of $574,520. In connection with this financing, the Company paid finder's fees totaling $4,800 cash and 15,000 finder's warrants. Each finder's warrant is exercisable for one common share at a price of $0.51/share for [...]