FOR IMMEDIATE RELEASE
Key Lake Drilling Hits Graphite Conductor and Uranium Mineralization
Vancouver, Canada, February 29, 2008 – CanAlaska Uranium Ltd, (CVV – TSX.V) the “Company”
and Westcan Uranium Corp (WCU – TSX.V, are pleased to release the preliminary results for the first
drillhole completed on the Key Lake drill program in 2008, (see NR January 22, 2008). Diamond drill hole Key
005 intercepted a sequence of well foliated to sheared granite gneisses, pelites, graphitic pelites and brecciated
granitoid rocks, with hematite alteration in the granites and metasediments. The uranium mineralization
intercepted in the hole has been verified by hand scintillometer and down hole probe measurements. Radioactivity
is associated with pelites, granitoid, and the contact zone between pelites and hematised brecciated granitoid.
Assay samples have been sent for laboratory analysis, but may not be available for some time.
Mr. Chris England, President of Westcan Uranium Corp., stated that “We are extremely pleased with this brand
new discovery of uranium in such a highly prospective area. We intend, in concert with Canalaska, to pursue this
The Key Lake Project is located in the southeast of the Athabasca Basin, Canada. The project is under option
to Westcan Uranium Corp., which is funding $2,000,000 in uranium exploration to earn a 50% ownership
In January 2007 the Company
drilled three holes in the Key
Lake area, and intercepted
strong alteration in core, but
only low uranium assay values.
In 2008, drilling commenced
on January 23rd. The drill
site is close to the road and the
facilities at the Key Lake mill.
The 2008 drill target was a
VTEM conductive anomaly
which had been interpreted to
lie at a depth of 250 metres
within a metasedimentary inlier
i n a n A r c h e a n D o m e
immediately south of the Key Lake Mine, which produced approximately 200,000,000 pounds of U
between 1981 and 1999. The fi