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CanAlaska Uranium to begin drilling at Nisku midweek

CanAlaska Uranium said on Friday that a fieldwork is under way in preparation for a four-hole drill program to start midweek at the company's Nisku claims

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Drilling at Nisku starts next week

CanAlaska Uranium (CVE:CVV) said on Friday that a fieldwork is under way in preparation for a four-hole drill program to start midweek at the company's Nisku claims.

The Nisku property is located seven kilometres east of CanAlaska’s North Ruttan copper-zinc property in the Leaf Rapids area of Northern Manitoba.

The drilling will test a coincident VTEM (versatile time-domain electromagnetic) magnetic and electromagnetic target, which has the characteristics of a large volcanogenic massive sulphide (VMS) deposit.

The target is located near the past-producing Ruttan copper-zinc massive sulphide mine. The Ruttan mine was one of the largest VMS deposits in Canada. Discovered in 1968, the mine operated from 1973 to 2002, and produced 55 million tonnes at 1.23 per cent copper and 1.41% zinc from an 82-million-tonne resource. The company has contracted Cyr Drilling International Ltd. of Winnipeg, Man., for the drilling.

"Nisku is a very exciting target for us. It is located within a relatively unexplored greenstone belt in Northern Manitoba, but in an area which has other VMS deposits. Canalaska has carried out ground mapping and geophysics on this target and another larger target immediately north of the Ruttan mine,” CanAlaska president Peter Dasler said.

“Our North Ruttan massive sulphide target has been tested to a depth of 150 metres along a 1.4-kilometre length, and is now awaiting further infill and deeper drilling. The Nisku target has a very strong response at shallow depth (50 metres), and will be tested with the help of funding from the government of Manitoba under their MEAP assistance program,” he added.

Quick facts: CanAlaska Uranium Ltd

Price: 0.26 CAD

TSX-V:CVV
Market: TSX-V
Market Cap: $14.97 m
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