Kivalliq Announces Results from 2016 Exploration at Angilak

VANCOUVER, BC –(Marketwired – November 08, 2016) – Kivalliq Energy Corporation (TSXV:KIV) today announced results from Kivalliq’s 2016 summer exploration program at the Yat and Dipole Target areas of Kivalliq’s 100% owned, 89,852 hectare Angilak Property in Nunavut Territory, Canada.
“We are excited that the 2016 work at Yat has confirmed high grade precious metal and uranium values from earlier programs are linked to local bedrock occurrences, in addition to kilometer-scale geochemical and geophysical signatures,” stated Kivalliq President Jeff Ward. “Furthermore, soil sampling around the recent Dipole uranium discovery extended uranium anomalies to over 3.5 kilometres, thereby giving high grade zones drilled at Dipole significant strike potential.”
Highlights

• A trenching program at Yat collected rock samples from both bedrock and frost heaved boulders. Results confirm high grade polymetallic U-Cu-Ag-Au (Pt-Pd) mineralization identified in boulders are derived from localized bedrock sources.
• Highlight channel sample assays include:
  • 2.50% U₃O₈, 16.2% Cu, 417 g/t Ag & 1.3 g/t Au across 0.5 m in Trench Kiv-16-T03
  • 0.32% U₃O₈, 373 g/t Ag, 2.9 g/t Au & 6.4 g/t Pd across 0.65 m in Trench Kiv-PO-T05

• Highlight frost heaved boulder sample assays include:
  • 23.6% U₃O₈, 22.7% Cu, 879 g/t Ag & 5.3 g/t Au at Trench Kiv-16-T03
  • 3.0% U₃O₈, 1.3% Cu, 3200 g/t Ag, 43.3 g/t Au, 7.8 g/t Pt & 56.3 g/t Pd at Trench Kiv-PO-T05

• Results from 704 enzyme leach (EL) soil samples collected in 2016 has further outlined multiple anomalous uranium in soil trends at Yat and Dipole.

• At Yat, a pronounced uranium in soil anomaly has been defined along a strike length of 1.6 km coincident to the Yat electromagnetic (EM) conductor. A corroborating enzyme leach silver in soil anomaly occurs along the same trend.

• At Dipole, a strong uranium in soil anomaly has been defined along a strike length of 0.6 km over a conductive trend parallel to the Dipole structure and 1.5 km to 2.1 km northeast of the high grade uranium values drilled in 2015.

Read the full press release.
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