The Conversation (0)
Kivalliq Energy Corporation (TSXV:KIV) provided an update from property-wide exploratory reverse circulation and diamond drilling proximal to and along strike of the structure hosting the high grade Lac Cinquante uranium deposit.
As quoted in the press release:
The RC strategy in 2011 was designed to advance prospecting and geophysical targets, across the 225,000 acre Angilak Property in Nunavut, Canada, to a level where diamond drill testing is warranted.
- Three zones discovered by RC drilling within three kilometres of the Lac Cinquante resource area were corroborated by diamond drilling: Eastern Extension; Pulse Zone; and Spark Zone
- Two priority targets tested warrant diamond drilling in 2012, based on similarities to the geological and geophysical signatures of “unconformity related” targets: YAT Zone and VGR Zone
- Over 22 targets were tested by RC drilling property-wide in 2011, with 45 of 88 RC holes drilled generating anomalous radioactivity greater than 500 cps
- Assays from diamond drill core samples are pending from Eastern Extension, Pulse, and Spark zones
Kivalliq’s CEO, Jim Paterson said:
“This year’s RC drilling exploration strategy has been very productive; enabling us to rapidly test multiple drill targets at a greatly reduced cost in advance of diamond drilling.” “The confirmation of two ‘Athabasca-style’ targets, YAT and VGR, underscores the exploration potential of the broader Angilak Property. RC drilling has also demonstrated that multiple zones proximal to Lac Cinquante are highly prospective for growing the Company’s mineral resource base in future seasons.”
Click here to read Kivalliq’s press release.
Click here to view Kivalliq (TSXV:KIV) profile.