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Kivalliq Energy Corporation (TSXV:KIV) announced results of an integrated assessment of geophysical, geological and geochemical data from select areas of interest at the Genesis Property uranium exploration project in northeast Saskatchewan.
Kivalliq Energy Corporation (TSXV:KIV) announced results of an integrated assessment of geophysical, geological and geochemical data from select areas of interest at the Genesis Property uranium exploration project in northeast Saskatchewan.
As quoted in the press release:
The compilation and interpretation carried out by Condor focussed on four areas in the northeast portion of the Genesis property, resulting in 31 target zones. Of these, 16 will be evaluated as part of the FALCON airborne gravity gradiometer survey currently underway (see news release February 1, 2016). Four of Condor’s highest priority target zones that fall within gravity survey areas are:
- Jurgen (J-TZ1): Electromagnetic (EM) conductors are spatially associated with an elevated radiometric response and an anomalous boulder sample result (1.41% U3O8; reported December 1, 2014). The Jurgen area remains the most prospective on the property, hosting 12 of the 31 target zones, including J-TZ2 (Jurgen 2) and J-TZ3 (Jurgen 1);
- Kingston (K-TZ1): EM conductors trend along a regional geologic contact that is also coincident with a magnetic low, lake sediments having anomalous uranium and several anomalous radiometric responses;
- Daniels Bay (DB-TZ1): Enzyme leach soil and rock geochemical anomalies are spatially associated with medium to strong northeast to east-west trending EM conductors and a magnetic domain boundary;
- Melnick (M-TZ1): A north-south strike-slip fault intersects a conductive contact along the boundary of a low magnetic response, coincident with a trend of uranium in lake sediments.
Kivalliq Energy President, Jeff Ward, stated:
Results from the Condor compilation helped identify key priority areas currently being surveyed by FALCON airborne gravity. Both the Condor work and new gravity data will be invaluable tools for ongoing exploration and target generation at Genesis.
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