URANIUM: Dipole discovery returns significant assays for Kivalliq

NUNAVUT – At the recent Dipole discovery on the Angilak uranium property, Vancouver-based Kivalliq Energy Corp. has drilled 2.34% U₃O₈ over 1.3 metres less than 30 metres beneath the surface. Other significant results include 0.21% U₃O₈ over 6.7 metres, 0.17% over 8.0 metres, 0.18% over 6.7 metres and 0.14% over 2.1 metres. The Dipole zone remains open in all directions. Kivalliq drilled 958 metres at the Dipole discovery, outlining a 25- to 48-metre wide zone of multiple, steeply dipping mineralized intervals hosted in a sequence of structurally weak pyroclastic horizons. Mineralization is associated with sheared/brecciated hematite-carbonate-chlorite altered graphitic tuff units, containing pitchblende and sulphides, within a sequence of mafic to intermediate tuffs and massive to pillowed basalt. Similar to the Lac 50 analogue 25 km to the northeast, molybdenum and silver occur with, and adjacent to the uranium mineralization at Dipole. The zone remains open in all directions. The Angilak project contains 2.83 million inferred tonnes at 0.69% U₃O₈ in the Lac 50 deposit. Using a cut-off of 0.2%, the contained uranium is estimated to be 43.3 million lb. Details are available at KivalliqEnergy.com.