The Conversation (0)
Aug. 17, 2011 06:58AM PST
Kivalliq Energy Corporation (CVE:KIV) reports an update on diamond drilling near the high grade Lac Cinquante uranium deposit, Angilak property in Nunavut, Canada.
The press release is quoted as saying:
Recent drilling successfully discovered a mineralized zone, the “Western Extension”, located to the west and along strike from the 1.35 kilometre long Lac Cinquante deposit. In addition, two diamond drills are now delineating a new zone, the “Eastern Extension”, discovered 450 metres east of the inferred resource area. Highly radioactive readings from diamond drilling along the Lac Cinquante structure have now extended the known strike extent of uranium mineralization to at least 2.3 kilometres.
Kivalliq’s President and CEO, Jim Paterson says:
“The discovery of both the Western and Eastern Extension zones underscores the growing significance of the Lac Cinquante structural trend.” “We are also very pleased that recent targeting by the RC rig led to the discovery of the Eastern Extension zone, demonstrating that a combined RC and diamond drilling program is highly effective when exploring the Angilak Property.”
Click here to access the entire news release.
