The Conversation (0)
Kivalliq Energy Corporation (TSXV:KIV) reported results from ground magnetometer and very low frequency (VLF) electromagnetic (EM) geophysical and biogeochemical sampling surveys completed at the Jurgen 1 and 2 uranium target areas at its Genesis property. The Genesis property is located in the eastern Athabasca basin, 60 kilometers from Cameco’s (TSX:CCO) Eagle Point uranium mine.
As quoted in the press release:
The Jurgen 1 and Jurgen 2 ground geophysical and biogeochemical grids for the Genesis 2015 winter exploration program were designed to follow-up and tighten spacing on anomalous 2014 soil geochemical results coincident with northeast trending airborne EM geophysical conductors. In the Athabasca region, EM conductors often represent graphitic horizons in pelitic rocks that are a common host for uranium mineralization. Breaks in the general EM and magnetic trends in conjunction with elevated geochemistry may indicate structural disturbances that can be important to uranium mineralization emplacement.
Ground magnetic and VLF-EM surveys were performed on two grids over the Jurgen 1 and Jurgen 2 areas during March. Approximately 70 line kilometres of ground geophysics covered on geochemically anomalous areas coincident with priority airborne EM conductors. Grid lines were spaced 50 and 100 metres apart, with readings taken at 12.5 and 20 metre intervals. A total of 594 biogeochemical samples (black spruce twigs) were collected on the same survey grids at 25 to 50 metre intervals.
Approximately three kilometres separate the Jurgen 1 and Jurgen 2 grids, which are located roughly 80 kilometres northeast of Points North (see figures provided at https://kivalliqenergy.com/uranium/genesis/ additional details of these two priority areas are provided below and in a news release dated March 31, 2015).
Kivalliq president, Jeff Ward, said:
Results from the 2015 winter program at Genesis continue to upgrade priority target areas such as Jurgen 1 and 2. These results will be integrated with previous work to help prioritize and rank targets for future drilling.
Click here to read the Kivalliq Energy Corporation (TSXV:KIV) press release
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