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Kivalliq Energy Corporation: New Discovery Expands Resource Potential; Western Extension Zone Identified 850 Metres From Lac Cinquante Deposit
Jul. 21, 2011 02:13PM PST
Company NewsKivalliq Energy Corporation (CVE:KIV) reports on an update on diamond drilling at the 225,000 acre Angilak property in Nunavut, Canada.
Kivalliq Energy Corporation (TSXV:KIV) reports on an update on diamond drilling at the 225,000 acre Angilak property in Nunavut, Canada.
The press release is quoted as saying:
Recent drilling has identified a highly radioactive zone, the “Lac Cinquante Western Extension”, located 850 metres to the west and along strike from the Lac Cinquante Uranium Deposit. Drilling to date of 2707 metres in 17 drill holes has begun to delineate this previously untested area, which remains open along strike and to depth.
- Two core rigs are currently drilling at Lac Cinquante Western Extension
- 16 of 17 holes drilled at Lac Cinquante Western Extension have intersected highly radioactive shear zone
- Zone drilled over 200 metres strike length and down to 250 metres
- Target remains open along strike and to depth
- Assays are pending