Kivalliq Energy Corporation Discovers New Uranium Mineralization in Lac 50 Trend

Kivalliq Energy Corporation (TSXV:KIV) discovered uranium mineralization associated with a geophysical conductor located 650 metres north east of the J4 Zone at the Angilak Property in Nunavut.

As quoted in the press release:

Holes 13-ML-001 and 002 tested the ML Zone conductor 300 metres west of the 2012 RC hole. 13-ML-001 intersected anomalous radioactivity with values between 200 and 30,000 cps over a true width of 1.3 metres at 60 metres vertical depth. Mineralization occurs within a 4.3 metre wide zone of sheared, hematized, sulphidic graphitic tuff and carbonate veining. Hole 13-ML-002 intersected the same altered tuff unit 36 metres down dip, but with no radioactivity. Holes 13-ML-003 and 004 tested the ML conductor 1.1 kilometres along strike to the east, intersecting a similar sheared tuffaceous host rock with no radioactivity.

Kivalliq Energy Corporation CEO, Jim Paterson, said:

The ML Zone is Kivalliq’s second drilling discovery this season; and the 12th such discovery within the highly prospective Lac 50 Trend since 2010. Our exploration targeting techniques continue to generate positive and meaningful results. As in the past two years, work in Phase 1 has identified zones for follow up. We will now focus on activities with the potential to impact a preliminary economic assessment (“PEA”) of the Lac 50 Trend.

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