WestCan Uranium and CanAlaska Uranium Cut Rare Earth Mineralization at Key Lake
June 18 2008 - 5:00AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (OTCBB: WCURF)(FRANKFURT: IAR)
("WestCan"; "the Company") and CanAlaska Uranium Ltd. (TSX VENTURE:
CVV) ("CanAlaska") have received final analytical results on core
samples from diamond drill hole KEY005, drilled last winter on the
Key Lake property, 12 kilometres south-west of the former producing
Key Lake Uranium Mine, at the southeastern edge of the Athabasca
basin in Saskatchewan. A 17.5 metre section of anomalous
radioactivity was determined to have been caused by thorium. A 10.7
metre section was sampled and gave an average of 0.076% ThO2, with
individual samples carrying up to 1.03% ThO2 across 0.05 metres.
The thorium is accompanied by rare earth elements, with an average
of 0.52% total rare earth elements (TREE) over the 10.7 metre
interval. Individual samples assayed up to 6.35% TREE over 0.05
metres.
The rare earth mineralization consists mainly of light rare
earth elements (lanthanum to samarium) with approximately 4% of the
total consisting of the heavy rare earth elements (europium to
ytterbium).
The mineralization is located in albitised white pegmatite
within the lower part of a biotite gneiss assemblage. A sequence of
pink, hematised pegmatitic granite follows the mineralised zone and
the biotite gneiss. A thin section from the white pegmatite shows
evidence of albititic metasomatism.
The partners plan to carry out additional sampling of the drill
core to establish the full width of the mineralized zone. A second
weaker radioactive zone at a depth of 196 metres depth will also be
sampled in detail. Samples will also be collected for further
mineralogical and petrographic study to determine the origin and
significance of this unusual mineralization.
Dr. Colin Bowdidge, a director of WestCan, is the technical
person responsible for this news release.
WestCan also wishes to announce that Dr. K.W. Geiger is
currently travelling to Regina, Saskatchewan, to commence research
on a 9,000 hectare Coal property, following the receipt of a
"Comfort Letter" from the Saskatchewan Ministry of Energy and
Resource (see Stockwatch June 10, 2008).
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward looking statements". The Company intends that such
forward-looking statements be subject to the safe harbours created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results may
differ materially from the expected results.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: WestCan Uranium Corp. Chris England President &
CEO (604) 694-0888 Email: info@westcanuranium.com Website:
www.westcanuranium.com
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