CanAlaska to Survey Alberta Kimberlite Targets

August 10, 2016

Responsive image

CanAlaska Uranium (TSXV:CVV) has reported that it has entered into a contract with Goldak Airborne Surveys to fly a low level high definition airborne magnetics survey over its 100 percent owned Alberta diamond exploration property.

As quoted in the press release:

Previous Alberta and Saskatchewan surveys show kimberlite targets on properties

In addition to the properties optioned to De Beers and Fjordland, the Company holds the West Carswell, Alberta, and Has Creek Diamond projects. These three large properties, collectively comprising over 290,000 acres, are immediately northeast of a group of kimberlite indicator minerals (KIM) discovered in the Fort McKay — Fort McMurray area in Alberta. The KIM’s are down-ice from CanAlaska’s properties; their source has yet to be discovered.

Alberta Diamond Project

CanAlaska holds 249,600 acres (99,840 ha) of Metallic and Industrial Mineral Permits in neighbouring Alberta where wide-spaced airborne magnetic surveys have been completed. These surveys show circular magnetic anomalies similar to those recognized from the Saskatchewan survey data.

Of special interest are at least two kimberlite style anomalies within the Alberta project in an area where the Saskatchewan and Alberta surveys overlap. The confirmation of these two targets and the recognition of anomalous features from the earlier wide-spaced Alberta survey data, indicates that the clusters of kimberlite-style features noted in Saskatchewan may continue into Alberta.

The proposed low level, high definition airborne surveys will provide the Company with location, size and clustering information concerning the kimberlite targets. At the current time, similar work is coming to a conclusion on the nearby properties currently optioned to De Beers under a $20.4 million earn-in deal with CanAlaska.

Click here to read the full press release.

Uranium - green future

“Why Uranium Is Planet Earth’s Ultimate Source Of Green Energy”

Discover why Bill Gates, Paul Allen and the founder of Greenpeace agree that Uranium is the #1 resource to invest in right now. Click here to access a special INN insider’s report on the uranium investing (value: $49) – For FREE

The post CanAlaska to Survey Alberta Kimberlite Targets appeared first on Investing News Network.

Category: Diamond