The meat of the NR...

Portee

    McTavish: Commencement of $4 million Exploration Earn-In:
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The McTavish project, located in the southeast of the Athabasca Basin between the Cree East and West McArthur projects, and west of the Cameco's Millennium deposit, hosts a well-defined airborne EM target associated with graphitic horizons.

The project was optioned to Kodiak Exploration in August, 2009 (see Aug 10, 2009 News Release), with a minimum exploration expenditure of $600,000 due by August, 2010. The Company has been informed by Kodiak that exploration is due to commence in January, 2010 and will be focused on drill-testing the core of the main electromagnetic target. Previous drilling by Kodiak in Winter 2009 on an adjacent property had identified anomalous uranium mineralization, with drillhole WM09-04 intersecting a 69-metre-thick fractured graphitic and pyritic pelite unit containing up to 0.13 per cent U(3)O(8). This hole is located only 400 metres from the McTavish project, underscoring the excellent potential of the target on the CanAlaska claims.