The Conversation (0)
Kivalliq Energy Corporation (TSXV:KIV) has released results from soil samples collected in the Dipole-RIB trend and rock samples collected in the Yat target area of Kivalliq’s 100-per-cent-owned, 101,111-hectare (249,851 acrea) Angilak property in Nunavut Territory, Canada.
Kivalliq Energy Corporation (TSXV:KIV) has released results from soil samples collected in the Dipole-RIB trend and rock samples collected in the Yat target area of Kivalliq’s 100-per-cent-owned, 101,111-hectare (249,851 acrea) Angilak property in Nunavut Territory, Canada.
As quoted in the press release:
Highlights
408 in-fill soil samples in 2015 have defined multiple uranium in soil trends at RIB within a survey grid oriented along and straddling the Angikuni Basin unconformity;Drilling is warranted along four kilometres (km) of subparallel coincident geophysical and geochemical anomalies at RIB;Prospecting identified favorable host geology and uranium mineralization four km southwest of Dipole and within the RIB geochemical trend; Rock samples further enhanced the Yat uranium-precious metal occurrence, returning the highest precious metal assays reported from the property to date: 1.82% U3O8, 6.8% Cu, 211 g/t Au, 80,900 g/t Ag, 3.1 g/t Pt and 6.7 g/t Pd.
Dipole-RIB Trend
The high priority Dipole-RIB Trend is located approximately 25 km southwest of the Lac 50 resource area, in a northeast trending belt of Archean metavolcanic rocks that are an excellent analogue to Lac 50. The discovery of basement-hosted uranium mineralization at Dipole was announced on October 19, 2015, with all nine holes intersecting significant uranium in the first drill program. The RIB target is located four km south of Dipole and was identified by Noranda Exploration Ltd. (Noranda) in 1976. During 1977-78, 14 of 25 drill holes intersected uranium over one km of strike adjacent to the Angikuni Basin unconformity at depths less than 35 metres (m). Renewed exploration at RIB by Kivalliq in 2014 confirmed a 3.6 km long uranium-in-soil anomaly coincident to, and along a pronounced airborne Versatile Time Domain Electromagnetic (VTEM) conductive trend.
Kivalliq Energy president Jeff Ward stated:
Kivalliq’s 2015 exploration program has confirmed that Lac 50-type mineralization exists in multiple trends on the Angilak Property. The Dipole-RIB Trend has emerged as an area with tremendous exploration potential based on our compilation of previous exploration, the recently drilled Dipole discovery, and now the multiple kilometre-scale coincident geophysical and uranium-in-soil trends identified at RIB.
Connect with Kivalliq Energy Corporation (TSXV:KIV) to receive an Investor Kit