The Conversation (0)
Kivalliq Energy (TSXV:KIV) reported highlights and updates for 2013: a 60% increase in the NI 43-101 inferred resource estimate, now totalling 43.3 million pounds U3O8 grading 0.69%; preliminary metallurgical tests showing the potential to extract an attractive final yellowcake product; and a private placement financing totalling $4.5 million in April 2013.
As quoted in the press release:
… Drilling along the Lac 50 Trend in 2012 resulted in a 60% increase in the NI 43-101 inferred resource estimate, now totalling 43.3 million pounds U3O8 grading 0.69%.
… Not only have we continued to increase our inferred resource base, we have also demonstrated the potential to extract an attractive final yellowcake product from the deposits within the Lac 50 Trend.
… In April of 2013, despite very volatile market conditions, Kivalliq closed a private placement financing totalling $4.5 million
Click here to read the Kivalliq Energy (TSXV:KIV) press release
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