Canterra Signs Agreement With CanAlaska; Commences Airborne Magnetic Survey

(IDEX Online News) – Canterra Minerals Corporation has signed a property agreement with CanAlaska Uranium Ltd to acquire a 70 percent interest in the West Carswell property in the western Athabasca Basin, Saskatchewan. The company additionally announced that it will shortly commence a detailed 1,770 line kilometer airborne magnetic survey over the area.

West Carswell comprises approximately 44,000 hectares within the west Athabasca Kimberlite, located 20 kilometers southwest of De Beers’/CanAlaska’s Athabasca Diamond Project. There are six targets at the property, which exhibit discrete magnetic lows and are characteristic of magnetic features, thought to be kimberlite pipes.

"CanAlaska has been innovative in their approach to diamond exploration and identified many new targets within northwestern Saskatchewan; a region we believe has the potential to host a new Canadian kimberlite field," said Canterra president and CEO Randy Turner.