URANIUM: Kivalliq drills new zone at Angilak property

NUNAVUT – Kivalliq Energy Corp. of Vancouver has discovered a new zone of radioactive mineralization between and along strike from the Eastern Extension and J4/Ray zones at its Angilak uranium property. The new zone, dubbed J1, is a 1-km-long electromagnetic conductor.

Kivalliq says that drilling this year has focused on linear geophysical targets between the Eastern Extension and J4/Ray resource areas of the Lac 50 Trend. Five of the five holes drilled so far have intersected radioactivity. More than 500 line-km of ground resistivity EM surveys were done to prioritize the targets.

The mineralization of the J1 zone was cut at depths of between 27.5 and 77.5 metres from surface. The mineralization is described as occurring as narrow carbonate veins in sheared, hematized, sulphidic graphitic tuff within a larger sequence of basalt and gabbro. The lithology is similar to the units hosting nearby zones.

Kivalliq acquired the Angilak property that lies within Inuit territory in 2008. More information is available at KivalliqEnergy.com.