Kivalliq Energy Corporation (TSXV:KIV) announced the successful completion of the field component of the 2011 exploration program at the 225,000 acre Angilak property in Nunavut, Canada.
As quoted in the press release:
2011 Exploration Program: Field component summary
- 23,849 metres of diamond drilling in 153 holes focused on expanding the Lac Cinquante resource and testing new mineralized target areas
- 6,411 metres in reverse circulation (“RC”) drilling in 88 holes, testing 25 target areas and identifying new areas for follow-up in 2012
- 5,470 line kilometres of airborne magnetic, electromagnetic and radiometric surveying
- 1,640 line kilometres of ground magnetic, VLF electromagnetic and gravity surveys
- Prospecting, mapping and soil geochemical surveys to advance known and new target areas
- Ongoing modelling, geological and environmental studies
Kivalliq Energy President and CEO, Jim Paterson said:
“Kivalliq was able to conduct a significant and material exploration program in 2011. We commend our technical team for their dedication and execution, and thank our shareholders for their support during a volatile year in our sector.” “Our belief in the exploration potential of the Angilak Property, including our ability to expand the Lac Cinquante uranium deposit, remains unwavering. We are confident that the pending results from drilling, prospecting and geophysical targeting will add significant value to this project.”
Click here to read the Kivalliq Energy (TSXV:KIV) press release.
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