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  • CanAlaska Uranium (CVV) has staked 12 new claim blocks at Resting Lake in the southern Thompson Nickel Belt near Wabowden, Manitoba
  • Previous exploration in the area included a reconnaissance drill hole that discovered an intersection with nickel grades of 0.85 per cent
  • The company is also preparing for summer drilling on the West McArthur uranium project, which is a joint venture with Cameco
  • CanAlaska Uranium is engaged in the exploration of uranium, nickel and diamond properties
  • CanAlaska Uranium (CVV) is up 1.61 per cent and is trading at $0.63 per share

CanAlaska Uranium (CVV) has staked 12 new claim blocks at Resting Lake in the southern Thompson Nickel Belt near Wabowden, Manitoba.

The new claims cover the majority of the Resting Lake structure, which is a 15-kilometre long synclinorium of Ospwagan Group sediments.

In the Thompson Nickel Belt, high-grade nickel mineralization can be found at its maximum potential in ultramafic and pipe formation rocks.

The company previously intersected nickel mineralization in several drill holes, including a reconnaissance drill hole that discovered an intersection with nickel grades of 0.85 per cent.

CanAlaska president Peter Dasler commented,

“There is strong worldwide demand for new sulphide nickel discoveries to back the ever-increasing demand for electric vehicle and storage batteries. The Thompson Nickel Belt in Manitoba is one of the world’s largest nickel producing regions, and, with the expiry of historical mining claims and long-term mining lease renewals, CanAlaska has been able to progressively acquire key exploration targets.

He added,

“We look forward to forming new joint ventures with interested exploration companies.”

All of the newly staked claims are easily accessible from the main Thompson highway and benefit from adjacent rail and power infrastructure.

The company is also preparing for summer drilling on the West McArthur uranium project, which is a joint venture with Cameco.

CanAlaska Uranium is engaged in the exploration of uranium, nickel and diamond properties.

CanAlaska Uranium (CVV) is up 1.61 per cent and is trading at $0.63 per share as of 2:38 pm ET.

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