The Conversation (0)
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.
Click here to read the Kivalliq Energy (TSXV:KIV) press release