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Results from the Angilak Property 2011 summer prospecting program, as announced by Kivalliq Energy Corporation (TSXV:KIV), demonstrated polymetallic potential.
As quoted in the press release:
2011 Prospecting Program Highlights
- 273 rock samples collected, with 10% (27 samples) exceeding 1% U3O8, along with multiple samples containing significantly anomalous silver (Ag), copper (Cu), and (Pb) lead values
- “BIF” Zone – High-grade U-Cu-Mo-Ag veins sampled along a 3 km shear zone and geophysical trend
- “AG” Showing – 21,600 g/t Ag (626.4 oz/ton) assay from a native silver occurrence discovered in subcrop
- “Taluaq” – New claims staked to secure a prominent 2 km by 10 km ovoid magnetic feature with initial samples showing polymetallic potential
- VGR mineralized geophysical trend was extended to 4 km in strike length
Highlights from Assays
- 20.00% U3O8, 107.0 g/t Ag, 12.70% Cu, 5.02% Pb – (Sample 1828) Force
- 23.80% U3O8, 114.0 g/t Ag, 0.81% Cu, 5.90% Pb, 0.58% Mo – (Sample 1839) BIF Zone
- 16.00% U3O8, 321.0 g/t Ag, 5.38% Pb, 0.76% Mo – (Sample 1860) BIF Zone
- 30.30% U3O8, 163.0 g/t Ag, 5.16% Cu, 22.90% Pb – (Sample 1983) BIF Zone
- 21,600 g/t Ag; 301.0 g/t Ag, 1.16% Cu – (Samples 1801 and 1802) AG Showing
Kivalliq Energy President, Jeff Ward, P. Geo, said:
“The number of new, high-grade mineral showings identified by Kivalliq’s prospecting team in 2011 highlight the polymetallic nature of mineralization on the Angilak Property.” “The 2011 prospecting program has increased our confidence in the district scale potential of Angilak, and has provided us with excellent drill targets for 2012.”
Click here to read the Kivalliq Energy Corp. (TSXV:KIV) press release
Click here to see the Kivalliq Energy Corp. (TSXV:KIV) profile.