The results confirmed the anomalous multi-element enrichments in the large alteration zone indentified at Zone B, and additional gold and uranium mineralization in drill hole CRE080, which intersected mineralized iron formation at Zone J.

At Zone A, drill hole CRE085 confirmed the presence of an intense hydrothermally-altered and hematized clay section and anomalous uranium in the overlying sandstone, previously intersected in drill hole CRE073.

CanAlaska’s V.P. exploration Karl Schimann said the drill core in holes CRE083, CRE086, CRE088, CRE090, and CRE091 has by far the most intense zone of sandstone alteration and deformation observed on the Cree East property.

"The multiple element geochemical halo, the fluid dissolution effects, as well as the sporadic higher uranium responses indicate that the main target in this area is part of an intense chemical and physical hydrothermal event," he added.

"Gold mineralization has been observed in association with several unconformity deposits, eg Cluff Lake, Cigar Lake, but usually in minor amounts. The high grades observed here may relate to the intensity of the hydrothermal system at Zone B."

The Zone B target became the priority drill target with the discovery of a major hydrothermal system which extends at least 400 metres further east to encompass drill hole CRE084.

It is also wide open to the west, where the surface DCIP resistivity response, shows the most intense low within the lower sandstone.

Six holes were attempted in Zone B, but the last three drill holes failed to reach the basement rocks.

CanAlaska noted drilling has outlined a zone of extreme alteration of the sandstone with intense faulting, brecciation, and large rotated sandstone blocks, from the unconformity to the top of the sandstone.

This alteration combines silicification and desilicification with a broad reduction halo, marked by the bleaching of diagenetic hematite, grey alteration, and influx of pyrite disseminated and along fractures.

In CRE083, a 0.5 meter section of core assays 0.09% U3O8 and also contains 0.3 g/t Au and the basement of CRE086 is composed entirely of quartzite, and may represent a quartz ridge parallel to the conductor target.

Drill hole CRE084, contains two uranium mineralized sections, 0.5 metre at 0.014 % U3O8 and 0.5 metres at 0.010% U3O8.