Kivalliq Energy Corporation: First High Grade Assays Reported From New Eastern Extension Zone

Kivalliq Energy Corporation (TSXV:KIV) announced assay results from diamond drilling at the Eastern Extension zone in Nunavut, Canada.

As quoted in the press release:

Assay results disclosed in this release are from the first 24 of 44 holes drilled in total at the Eastern Extension.

Highlights include:

• 2.65% U₃O₈, 134.63 g/t Ag, 0.06% Cu,1.67% Mo over 0.5 metres in 11-LC-094
• 2.33% U₃O₈, 61.40 g/t Ag, 0.16% Cu, 0.57% Mo over 0.4 metres in 11-LC-092
• 1.84% U₃O₈, 16.63 g/t Ag, 0.55% Cu, 0.07% Mo over 1.0 metres in 11-LC-096
• 1.00% U₃O₈, 27.75 g/t Ag, 0.09% Cu, 0.39% Mo over 1.0 metres in 11-LC-093
• 0.75% U₃O₈, 31.23 g/t Ag, 0.07% Cu, 0.46% Mo over 1.4 metres in 11-LC-084
• Eastern Extension strike length is 550 metres; future drilling will test along strike and to depth
• Assays pending from an additional 20 drill holes at Eastern Extension
  (Estimated true widths – see assay results table below)

Kivalliq Energy President and CEO, Jeff Ward stated:

“The discovery of the Eastern Extension was the direct result of our RC drilling strategy,” stated President Jeff Ward. “These assays underpin the growing importance of the Lac Cinquante trend, and like the Western Extension, will go towards revising the resource estimate for Lac Cinquante by the end of Q1, 2012.”

Click here to read the Kivalliq (TSXV:KIV) press release. 

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