Kivalliq Energy (TSXV:KIV) announced that significant uranium mineralization was intersected in three out of five diamond drill holes at the Nine Iron Trend; 87,438 additional acres in 38 new strategic claims staked in Angilak.

As quoted in the press release:

Key Point Summary:

• The Nine Iron Trend is outlined by a distinct, nine kilometre long magnetic geophysical anomaly extending below the contact or “unconformity” with the Angikuni Basin
• Drilling in 2012 at the east end of Nine Iron Trend intersected anomalous uranium in five holes over a strike length of 100 metres, and to a vertical depth of 154 metres
• Significant uranium mineralization was intersected in three of five diamond drill holes:
• 0.45% U3O8 over core interval of 0.9 metres in hole 12-BIF-001
• 0.28% U3O8 over core interval of 1.3 metres in hole 12-BIF-002
• 0.24% U3O8 over core interval of 2.1 metres in hole 12-BIF-003
• Prospecting samples taken in 2011 along three kilometres of the Nine Iron Trend returned high grade uranium assays
• 87,438 acres in 38 new strategic claims staked in 2012 increase Angilak Property to 340,268 total acres

Kivalliq President Jim Ward said:

The Nine Iron Trend is located five kilometres from any previously known mineralization and is a completely new target area within the Angilak Property. This trend combines significant uranium in drill core with highly mineralized surface samples, along a sizable geophysical signature that strikes beneath the Angikuni Basin unconformity. We consider Nine Iron to be more evidence of the District Scale potential of the Angilak Property, and a high priority unconformity-related target for 2013.

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