Kivalliq Energy Corporation (CVE:KIV) reports a two phase exploration program at the 225,000 acre Angilak Property in Nunavut Territory, Canada.
The press release is quoted as saying:
Kivalliq plans to drill 20,000 metres of NQ core with two diamond drill rigs and 15,000 metres of reverse circulation (“RC”) drilling on exploration targets with a light weight RC fly rig. The Company also plans to conduct extensive airborne and ground geophysical surveying programs and an aggressive prospecting campaign.
Kivalliq’s CEO, Jim Paterson says:
“Building on the recently announced inferred resource of 810,000 tonnes grading 0.79% U3O8, totalling 14.15 million pounds at Lac Cinquante, Kivalliq’s board of directors has approved an aggressive exploration program at the Angilak Property in 2011.” “Our 2011 exploration goals are clearly defined as follows: expand the Lac Cinquante mineral resource along strike and to depth; drill targets on parallel conductors; and demonstrate potential for multiple uranium deposits elsewhere on the Angilak Property.