Kivalliq Energy Announces Fully Funded Summer Exploration Programs at Angilak and Hatchet Lake Properties
Kivalliq Energy Corporation (TSXV:KIV) announced its plans for summer exploration programs at its Angilak Property in Nunavut and the Hatchet Lake property in Saskatchewan, both of which are now fully funded.
As quoted in the press release:
A $1.5 million 2015 exploration program is planned at the 105,280 hectare (260,154 acre) Angilak Property in Nunavut Territory. The summer program will begin in June by mobilizing staff and supplies to the existing Nutaaq camp. Kivalliq plans to drill a minimum of 1000 metres in six to eight holes at Dipole in July, using one of three diamond drill rigs already on site. Ground geochemical surveying will run concurrently with the drill program, following-up on high priority targets identified during the 2014 season at Dipole and RIB.
Kivalliq will commence the Company’s first exploration program at the 13,711 hectare (33,881 acre) Hatchet Lake Property in June. This summer’s exploration will focus on multiple unconformity-related basement targets based on results from over $750,000 in previous exploration performed by Hathor Exploration Limited and Rio Tinto Canada Uranium Corporation (Rio Tinto). It is Kivalliq’s goal to advance targets to drill readiness through a combination of follow-up geochemical, biogeochemical and geophysical surveys covering several priority areas.
Jeff Ward, president of Kivalliq Energy, commented:
Our primary goal in 2015 is to discover a high grade, Lac 50-type uranium deposit in the Dipole-RIB Trend. Discovering a second significant mineralized trend in the southwest portion of Angilak would confirm our belief that this large property hosts an important uranium district in Nunavut.