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Kivalliq Energy Corporation(TSXV:KIV) announced an aggressive exploration plan for its Angilak property in 2012. The program will consist of two phases with a budget of $20 million. The first phase of exploration is set to commence in March.
Kivalliq Energy Corporation(TSXV:KIV) announced an aggressive exploration plan for its Angilak property in 2012. The program will consist of two phases with a budget of $20 million. The first phase of exploration is set to commence in March 2012.
Highlights of the 2012 exploration program include:
- 26,000 metres of core drilling focused on expanding the Lac Cinquante resource and testing new zones discovered in the immediate vicinity of this deposit
- 9,000 metres of RC drilling to test multiple target areas property-wide and untested conductors within close proximity of the Lac Cinquante deposit
- Ground geophysical surveys consisting of gravity, magnetics and electro-magnetics
- Continued prospecting to advance high-priority target areas defined by the 2011 program and identify new targets on a property wide scale
Kivalliq, CEO, Jim Paterson, said:
Our 2012 exploration goals are clear: continue to expand the Lac Cinquante mineral resource along strike and to depth; drill targets on parallel conductors; and demonstrate potential for multiple uranium deposits elsewhere on the Angilak Property.
Click here to read the Kivalliq Energy Corporation (TSXV:KIV) press release
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