The Conversation (0)
Kivalliq Energy Corporation (CVE:KIV) reports mineral assay results from diamond drilling along the structure hosting the high grade Lac Cinquante uranium deposit, Nunavut, Canada.
The press release is quoted as saying;
Assay results disclosed herein are from diamond drilling at the Lac Cinquante Main Zone and the Lac Cinquante Western Extension Zone.
- High grade assays from Lac Cinquante deposit, include
- 1.19% U3O8, 3.39% Cu, 0.56% Mo, 46.5 g/t Ag over 1.3 metres in hole 11-LC-001
- 5.69% U3O8 over 0.2 metres at 241.6 metres down hole in 11-LC-008
- 10 of initial 17 holes at Western Extension Zone intersected grades >0.25%, including
- 2.25% U3O8 over 2.3 metres in hole 11-LC-036
- 0.73% U3O8 over 1.7 metres in hole 11-LC-033
- Western Extension strike length is 550 metres; zone remains open to depth
- Assays are pending from both Western Extension and Eastern Extension
Kivalliq’s President and CEO, Jim Paterson says:
“We continue to concentrate our efforts on resource expansion drilling along the Lac Cinquante structural trend.” “Continued high grade assays, from deep holes and new zones along strike, bolster our confidence in being able to expand the deposit.”
Click here to access the entire news release.
