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Kivalliq Energy Corporation (TSXV:KIV) reported assay results from its 2013 drilling program at the newly discovered ML and J1 zones. The ML and J1 zones are located within the Lac 50 Trend at the Company’s Angilak property in Nunavut. Highlights from the ML Zone include 1.42% U3O8, 0.40% Mo, 139 g/t Ag and 0.64% Cu over 1.2 metres in 13-ML-001. Highlights from the J1 Zone include 0.56% U3O8, 0.28% Mo, 15.5 g/t Ag over 0.6 metres in 13-J1-003.
As quoted in the press release:
Key Point Summary:
- The ML and J1 discoveries this season bring the count to 12 new zones drilled within the highly prospective Lac 50 Trend since 2010.
- ML Zone highlight assay results:
- 1.42% U3O8, 0.40% Mo, 139 g/t Ag and 0.64% Cu over 1.2 metres in 13-ML-001
- J1 Zone highlight assay results:
- 0.56% U3O8, 0.28% Mo, 15.5 g/t Ag over 0.6 metres in 13-J1-003
- 1.06% U3O8 over 0.3 metres in 13-J1-002
Kivalliq Energy Corporation President, Jeff Ward, said:
Exploratory drilling within the Lac 50 Trend this season has been extremely successful, with the discovery of the ML and J1 zones. The geological similarity and proximity of the ML and J1 zones to the current Lac 50 Trend mineral deposits confirm our belief that we can continue to grow our inferred resource base through drilling. Exploration work in July will be focussed on increasing our confidence level of specific high-priority zones to be tested with future drill programs.
Click here to read the Kivalliq Energy Corporation (TSXV:KIV) press release
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