Vancouver, BC (PRWEB) November 30, 2004
CanAlaska Ventures Ltd "CanAlaska" http://www.canalaska.com (TSX Venture: CVV Â OTCBB: CVVLF) In the past months, we have advanced CanAlaska's Athabasca uranium land base substantially. Our original 120,000 acres of mineral claims has increased almost fourfold to over 444,000 acres, and acquisitions are continuing.
We have also expanded our technical team working on Uranium exploration, and appointed a highly experienced manager of Uranium Exploration, Dr. Karl Schimann.
Dr. Schimann is a Professional Geologist, and holds a PhD from the University of Alberta. He has worked extensively in the uranium industry. Dr Schimann's professional career began in 1977 with Cogema where he participated in both uranium and gold exploration. More than 10 years of his employment was directly involved in uranium exploration and mine geology in the Athabasca Basin. Of particular relevance is his experience as Project Manager at Cigar Lake from discovery throughout the exploration phase. He was also the senior mine geologist, responsible for the Geological Control Department at the McClean Lake Mine.
Our acquisition strategy and work program will continue under Dr. Schimann's direction as we position our Company as a significant explorer in this market area. The CanAlaska November map can be viewed at: http://www.canalaska.com/i/maps/Landpositionnov2004.jpg
We are also pleased to announce the appointment of Mr. Jim Kermeen, P.Eng, as Manager of Joint Venture development. Mr. Kermeen brings some 45 years experience in mineral exploration, and 17 years of direct uranium exploration in the Athabasca basin and surrounding areas. Mr. Kermeen's experience of the mineral industry coupled with his past direct exploration knowledge of the Athabasca area is expected to be of great assistance to the Company.
The Company has recently contracted for a "MEGATEM" airborne survey on two of the initial land packages and we are planning to extend those surveys over at least two more large claim blocks. We believe that there may be some potential to develop new uranium targets in the Athabasca basin. Previous exploration was limited by technology and equipment.
In the past 10 years there has been little activity in the uranium exploration scene and there have been significant technological advancements in the application of geophysical exploration techniques. These techniques have been used in the general mineral exploration industry, with considerable success. New mineral deposits have been found in existing mining camps, either by looking deeper into the ground, or by better detection using modern computer programs and ideas.
There has been a "Quantum Leap" in the ability to detect mineral deposits from the air compared to previous limits of 100+ metres. We can now image into the earth up to 1000 metres (over half a mile) to look for conductive targets. The new, highly sophisticated radio transmitters and receivers, coupled with high-powered computers continue to push new limits.
The purpose of the airborne surveys is to image the magnetism and conductivity of the rocks under the aircraft as it flies its survey lines. The magnetic images allow our geologists to identify the different types of rocks in the area, and how they are broken up or crumpled. The conductivity surveys let us know the potential location of mineral deposits and alteration zones.
For CanAlaska Uranium Project information go to: http://www.canalaska.com/s/Projects.asp?ReportID=88871&_Type=Projects&_Title=Uranium-Project. For a comprehensive June 2004 Briefing Paper entiled "Canada's Uranium Production & Nuclear Power issued by the Uranium Information Centre go to: http://www.uic.com.au/nip03.htm .
To learn more about the exploration and mining activities for Harry Barr publicly traded companies go to: http://www.goldplatinumgroup.com.
In the coming months the Company intends to carry our more surveys on the uranium projects in the Athabasca basin in addition to investigating joint ventures and acquisition proposals.
For further information, please contact our Investor Relations Department at Toll Free 1-800-667-1870.
On behalf of the Board of Directors
President and Chief Executive Officer
Toll Free 1-800-667-1870
Email: e-mail protected from spam bots
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP#137089108.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
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