Is There A Future for Uranium and Diamonds?

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Peter Dasler, President & CEO of CanAlaska Uranium (CVV:TSX.V), explain this exploration company’s future plans for uranium and diamonds.

The most valuable mines in the world are the high grade uranium deposits of the Athabasca and diamond mines. We are working on both of these targets in the Athabasca region, with Cameco for uranium and with De Beers for diamonds.

We are very excited about the new technology which identified the targets that brought these companies to us. The new airborne survey technology allows us to see deeper targets that have ever been identified before.

Immediately adjacent to our West McArthur project, Cameco’s exploration team have made a major discovery and they are now tracing that discovery trend on to our property.

We are fully expecting an explosion in the uranium price. There are too many nuclear power plants being build around the world and each of those plants need a lot of uranium. We do not supply enough uranium at the moment to satisfy the existing demand. So that’s why we are explorers looking for new uranium deposits in the Athabasca.

In the past year, we’ve made a discovery of kimberlite targets in the Western Athabasca. And we’ve entered into a $20 million deal with De Beers for the exploration of those. Their diamond exploration team is on the ground right now.

If De Beers team find diamonds in the Athabasca on these kimberlite targets, not only will we have the uranium in the Athabasca, but we’ll have diamond exploration potential. And this will make it some of the most valuable mining real estate in the world.

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