Kivalliq Announces FALCON Airborne Gravity Gradiometer Survey Targets Genesis Property, Saskatchewan

VANCOUVER, BC–(Marketwired – August 23, 2016) – Kivalliq Energy Corporation (TSXV:KIV) today announced results of an integrated analysis of fixed-wing Falcon Airborne Gravity Gradiometer (“AGG”) and total field magnetic surveys undertaken over select areas of interest at the Genesis Property uranium project in northeast Saskatchewan. The analysis work was undertaken by Condor Consulting Inc. (“Condor”), recognized experts in the field of integrated exploration.
A total of 20 gravity targets were identified and prioritized based on the integration of the 2016 AGG data with results from a 2015 compilation by Condor (see Kivalliq news release February 16, 2016) of electromagnetic, magnetic, radiometric, geochemical, biogeochemical and geological data sets. The majority of the gravity targets were identified in the Jurgen and Johnston areas, with nine and seven targets respectively.
“Exploration conducted on the Genesis Property during 2014 and 2015 by Kivalliq and Roughrider has identified numerous priority targets for basement hosted uranium in previously under-explored terrain to the east of the Athabasca Basin,” stated Jeff Ward, Kivalliq’s President. “The companies plan to continue refining and upgrading existing targets while still seeking new ones throughout this large and prospective landholding.”
Gravity targets, including the two highest priority targets, are spatially associated with the Jurgen 1 and Jurgen 2 target zone corridor where previous work has identified anomalous uranium soil geochemistry, biogeochemistry, boulder samples and radiometrics coincident with multiple electromagnetic conductor trends.
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