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TSXV:KIV

Kivalliq Energy Corporation (TSXV:KIV) announced that it has commenced drilling at its Angilak property in Nunavut. The main focus of the program will be drill testing the high priority Dipole target and advancing multiple uranium targets in the Dipole-RIB Trend through geochemical surveying.

Kivalliq Energy Corporation (TSXV:KIV) announced that it has commenced drilling at its Angilak property in Nunavut. The main focus of the program will be drill testing the high priority Dipole target and advancing multiple uranium targets in the Dipole-RIB Trend through geochemical surveying.
As quoted in the press release:

The first phase of a CDN$1.5 million 2015 exploration program has commenced at Kivalliq’s 100% owned, 105,280 hectare (260,154 acre) Angilak Property. Staff and supplies were mobilized to the existing Nutaaq camp in late June. Kivalliq plans to drill up to 1000 metres in six 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.
The Dipole-RIB Trend is located approximately 25 kilometres southwest of Lac 50, in a northeast trending belt of Archean metavolcanic rock interpreted to be equivalent to Lac 50 resource host rocks. Based on corroborative geophysical and geochemical exploration, Dipole and RIB are excellent analogues to the Lac 50 deposit.
In 1980, historic work by Pan Ocean Oil Ltd identified several uranium prospects in the Dipole target area, including a grab boulder sample 2.5 kilometres to the north assaying 8.41% U3O8 and 5.38% Cu. Subsequent work by Kivalliq outlined a prominent two kilometre long very-low frequency electromagnetic (VLF-EM) conductor coincident with previously undiscovered mineralized boulders. One angular boulder assayed 2.24% U3O8 and 116 g/t Ag. Enzyme Leach (EL) soil sampling conducted by Kivalliq in 2014 outlined a 3.4 kilometre long uranium-in-soil trend along this VLF-EM conductor, making Dipole the most advanced, drill-ready target on the Angilak Property.

Jeff Ward, president of Kivalliq Energy, commented:

We are very excited to start the 2015 exploration program at Angilak, especially the drill testing of our Dipole target. The discovery of a high grade, Lac 50-type uranium deposit at Dipole would confirm our belief that this large property hosts an important uranium district in Nunavut.

Click here to read the Kivalliq Energy Corporation (TSXV:KIV) press release
Click here to see the Kivalliq Energy Corporation (TSXV:KIV) profile.

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