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Kivalliq Energy Corporation (TSXV:KIV) has released complete assay results from the first drill program at the recent Dipole discovery.
Kivalliq Energy Corporation (TSXV:KIV) has released complete assay results from the first drill program at the recent Dipole discovery. These encouraging results demonstrate that complementary geophysical and geochemical surveys are very effective tools for making new uranium discoveries on Kivalliq’s 100% owned, 105,280 hectare (260,154 acre) Angilak Property in Nunavut Territory, Canada.
As quoted in the press release:
Highlights include:2.34% U3O8 over 1.3 metres (m) from 28.3 m to 29.6 m in 15-DP-0090.21% U3O8 over 6.7 m from 46.4 m to 53.1 m in 15-DP-0090.17% U3O8 over 8.0 m from 27.9 m to 35.9 m in 15-DP-005 0.18% U3O8 over 6.7 m from 35.5 m to 42.2 m in 15-DP-006 0.14% U3O8 over 2.1 m from 75.5 m to 77.6 m in 15-DP-002The Dipole zone remains open in all directions.
Dipole Drill Program Summary
The new Dipole discovery is located within the Dipole-RIB Trend, approximately 25 kilometres southwest of the Lac 50 deposits, in a northeast trending belt of Archean metavolcanic basement rocks that is an excellent analogue to Lac 50. The Dipole drill program was designed to test the centre of a prominent two kilometre (km) long very low frequency electromagnetic (VLF-EM) conductor, having a coincident 3.4 km long uranium-in-soil anomaly. A total of 958 m were drilled in nine core holes using one of three diamond drill rigs currently on site. Holes were drilled at an azimuth of 135 degrees with inclinations between minus 45 and minus 90 degrees from four set-ups spaced 50 m apart.
The initial drilling at Dipole has outlined a 25 m to 48 m wide zone of multiple, steeply dipping mineralized intervals hosted in a sequence of structurally weak pyroclastic horizons. All nine holes intersected shallow uranium at vertical depths ranging from 15 m to 110 m and along 150 m of strike length. Multiple mineralized intercepts in all holes had intervals ranging from 1.0 m to 8.0 m down-hole. Mineralization at Dipole is associated with sheared/brecciated hematite-carbonate-chlorite altered graphitic tuff units, containing pitchblende and sulphides, within a sequence of mafic to intermediate tuffs and massive to pillowed basalt. Similar to the Lac 50 analogue, molybdenum and silver occur with, and adjacent to the uranium mineralization at Dipole. The Dipole zone remains open in all directions.
Kivalliq Energy President Jeff Ward stated:
The Dipole discovery confirms that high-grade Lac 50-type uranium mineralization occurs in other areas across the Angilak Property,” stated Kivalliq president Jeff Ward. “The assays from Dipole returned significant near surface uranium mineralization over broad widths. We are extremely encouraged by the multiple mineralized intervals intersected and look forward to additional drilling successes at the Dipole-RIB Trend in the coming seasons.
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