The Conversation (0)
A new native silver (“Ag”) occurrence was discovered approximately 7.5 km east of Kivalliq Energy’s Lac Cinquante uranium deposit in Nunavut Territory, Canada. In the same area, “AG Zone”, prospectors found samples with significant Ag values ranging from 10 to 301 g/t Ag in 14 of 21 grab samples, with the highest being the 21,600 g/t (626.4oz/t) value. Numerous samples from both of the 2010 and 2011 prospecting programs yielded high-grade silver numbers across this 900 square kilometre land position.
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 CEO, Jim Paterson, said:
“Kivalliq’s prospecting team was pretty intrigued by the rock sample they found on the Angilak Property. But when the assays came back with 626 ounces per tonne silver, we all got very excited.”
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