The Conversation (0)
Kivalliq Energy Corporation (TSXV:KIV) announced the discovery of radioactive mineralization associated with a geophysical conductor located between, and along strike from, the Eastern Extension and J4/Ray Zones at the Angilak Property in Nunavut Territory, Canada.
As quoted in the press release:
The J1 Zone has been intersected at depths between 27.5 and 77.5 vertical metres. Five of five holes from two sites have intersected anomalous radioactivity with values ranging from 130 to 12,000 counts per second (“cps”) in down hole widths of 0.2 to 0.5 metres. Mineralization at J1 occurs as narrow carbonate veins in sheared, hematized, sulphidic graphitic tuff within a larger sequence of basalt and gabbro, similar to the lithological units hosting mineralization at J4, Ray and Lac Cinquante.
Kivalliq CEO Jim Paterson said:
The season has started on an extremely positive note, with the confirmation that a prospective new zone exists between the Eastern Extension and J4 zones that form part of the current Lac 50 Trend inferred resource.
Click here to read the Kivalliq Energy Corporation (TSXV:KIV) press release
Click here to see the Kivalliq Energy Corporation (TSXV:KIV) profile.