The Conversation (0)
Kivalliq Energy Corporation (CVE:KIV) reports the beginning of Phase 1 of the 2011 exploration program at it’s 225,000 acre Angilak property in Nunavut Territory, Canada.
The press release is quoted as saying:
The program consists of a 20,000 metre diamond drill program on the high-grade Lac Cinquante Uranium Deposit and Blaze zone, plus 15,000 metres of reverse circulation (RC) drilling on exploration targets property-wide. The Company has also initiated a ground geophysical surveying program in order to generate and delineate additional drill targets.
Kivalliq’s President, Jim Paterson says:
“Drilling during the 2009 and 2010 exploration seasons led to Kivalliq’s recently announced inferred resource of 810,000 tonnes grading 0.79% U3O8, totalling 14.15 million pounds at Lac Cinquante, as well as identifying the Blaze zone as an exciting new target area at which to build additional uranium resources.” “Kivalliq is fully funded to execute the exploration program at Angilak as announced on February 15, 2011 and we are excited that the 2011 campaign is now underway.”
Click here to access the entire news release.