Canadian Mining Journal

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CanAlaska not giving up on diamond hunt in West Athabasca



VANCOUVER — Global diamond miner De Beers may have walked away from CanAlaska Uranium’s (TSXV: CVVUS-OTC: CVVUF) West Athabasca diamond project in Saskatchewan, but CanAlaska president and CEO Peter Dasler still believes the property’s geological and geophysical puzzles are worth solving.

On Dec. 23, De Beers returned 100% of the project to CanAlaska after drilling seven shallow targets, saying that a magnetic organic layer found at or near surface could explain all the “kimberlite-like” geophysical anomalies on the 174 km2 property.

Dasler tells The Northern Miner during a phone interview in mid-January that while some anomalies are explained by the presence of organics, reprocessed magnetic survey data indicates the organic layer in combination with one or more, deep rooted magnetic bodies.

The newly modeled magnetic bodies are shaped similar to kimberlite pipes or dikes, according to the company’s latest geophysical report from Ontario-based consultant group Scott Hogg and Associates.

Read the entire story at The Northern Miner.