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Kivalliq Energy (TSXV:KIV) announced that exploration drilling at its previously untested Dipole target has discovered multiple, steeply dipping parallel radioactive intercepts contained within a new zone. The zone is 35 to 48 meters wide.

Kivalliq Energy (TSXV:KIV) announced that exploration drilling at its previously untested Dipole target has discovered multiple, steeply dipping parallel radioactive intercepts contained within a new zone. The zone is 35 to 48 meters wide.
As quoted in the publication, drilling highlights included:

  • All nine holes from the inaugural core drilling program at Dipole intersected anomalous radioactivity (see description in  Table 1 below);
  • Dipole is a 35 to 48 metre wide zone hosting one to four steeply dipping, parallel mineralized drill intercepts, at a vertical depth of between 15 and 110 metres and along strike approximately 150 metres;
  • Multiple down hole intercepts which are between 0.3 to 6.7 metres wide have elevated to significantly radioactive intervals  (>300 to 18,800 counts per second “cps”);
  • The highest radioactive interval (up to 18,800 cps) on the eastern-most set-up is more than 650 metres away from a high grade boulder (2.24% U308) found along strike to the southwest.

Highlights of soil geochemical results included:

  • In conjunction with geophysics, geochemical sampling (enzyme leach “EL”) has proven to be a valuable exploration tool for detecting subsurface mineralization in both the Lac 50 and the Dipole-RIB Trend;
  • 408 additional infill soil samples were collected along a 3.6 kilometre long uranium geochemical anomaly adjacent to the unconformity at RIB and will help delineate drill targets;
  • Additional follow-up exploration, that includes drilling and surface sampling, is warranted along more than two kilometers of combined geophysical and geochemical anomalies at both the Dipole and RIB Trends.

Kivalliq president, Jeff Ward, said:

Discovering this new and significantly radioactive zone at Dipole confirms that Lac 50-type mineralization exists in multiple trends on the Angilak Property and supports our belief we have an important uranium district in Nunavut. In addition, the potential of the Dipole-RIB trend is enhanced by several kilometres of coincident geophysical and soil geochemical anomalies not yet tested by drilling.

Click here for the full Kivalliq Energy (TSXV:KIV) press release.
Click here for the full Kivalliq Energy (TSXV:KIV) profile.

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