Kivalliq Energy Corporation (TSXV:KIV) identified new anomalous zones and prioritized existing zones for future exploratory and resource drilling within the Lac 50 Trend on its Angilak Property in Nunavut. The 2013 sampling program was designed to test the effectiveness of soil geochemical surveying and 387 anomalous uranium soil geochemical results (using a 75th percentile threshold) were reported over the entire width and length of the Lac 50 Trend, and along the new Nine Iron-KU Trend situated 5.5 kilometres south.
As quoted in the press release:
Key Point Summary:
The 2013 sampling program was designed to test the effectiveness of soil geochemical surveying within the Lac 50 Trend using a widely spaced sampling pattern. Given its success, a larger and more detailed future work program is justified.
387 anomalous uranium (“U”) soil geochemical results (using a 75th percentile threshold) were reported over the entire width and length of the Lac 50 Trend, and along the new Nine Iron-KU Trend situated 5.5 kilometres south
Anomalous values using the Enzyme Leach method ranged from 6.5 ppb U to 2,880 ppb U, with the highest assays corresponding to both known mineralization and high-priority geophysical targets not yet drilled
Key uranium-in-soil anomalies occur at least 850 metres along strike in both directions from the J4/Ray inferred resource, and as a 500 metre wide by 2,600 metre long trend at the high priority Hot Zone
Kivalliq Energy Corporation President, Jeff Ward, said:
The results from this targeted geochemical sampling program increase our confidence in the exploration potential of specific geophysical conductors along the entire Lac 50 Trend and have also prioritized several new geophysical targets. When interpreting these geochemical results, we have the advantage of knowledge gained through our exploration efforts over the past six years within the Lac 50 Trend. We will leverage this increased understanding to maximize our success in the 2014 exploration campaign.