Kivalliq Announces 14.15 Million Pound U3O8 Inferred Mineral Resource Estimate for Lac Cinquante

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Kivalliq Energy Corporation (CVE:KIV) announced the release of the first NI 43-101 compliant Mineral Resource estimate for the Lac Cinquante uranium deposit, located within Kivalliq’s 225,000 acre Angilak Property in Nunavut, Canada.

Kivalliq Energy Corporation (TSXV:KIV) announced the release of the first NI 43-101 compliant Mineral Resource estimate for the Lac Cinquante uranium deposit, located within Kivalliq’s 225,000 acre Angilak Property in Nunavut, Canada.

The press release is quoted as saying:

“The release of the first 43-101 compliant mineral resource estimate for the Lac Cinquante uranium deposit is a major milestone for the Company. It provides Kivalliq with a strong base from which to build additional uranium resources in 2011, through further drilling at Lac Cinquante and at other high-priority target zones within the Angilak Property,” stated Kivalliq CEO Jim Paterson. “With a grade of 0.79% U3O8, Lac Cinquante is the highest grade compliant uranium resource in Canada, outside of the Athabasca Basin.”

Click here to read the entire press release.

Click here to view Kivalliq’s company profile.

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