Kivalliq Energy Corporation (TSXV:KIV) provided updates on the $20 million exploration program at the 252,830 acre Angilak Property in Nunavut Territory, Canada, highlighting anomalous radioactivity from additional drilling at the Western Extension, Pulse, and three new zones identified this season.
Key Point Summary
• Western Extension Zone at Lac Cinquante was extended to 365 vertical metres by hole 12-LC-007. This is the deepest known radioactive intercept reported on the Angilak Property to date.
• The new Southwest Zone has been discovered 300 metres to the southwest of, and running parallel to, the Western Extension.
• Pulse Zone diamond drilling intersected radioactivity in 14 of 27 holes that tested the Pulse geophysical anomaly over 1.3 kilometres of strike length.
• A second new radioactive zone, Flare, is associated with a 1.5 kilometre long EM conductor located 1.7 kilometres west of the Lac Cinquante resource area.
• Three core holes at the new Ray Zone have intersected radioactivity associated with a subtle EM conductor. Ray is situated two kilometres along strike and southeast of the Lac Cinquante resource area.
Kivalliq President Jeff Ward said:
“Initial results from diamond drilling at numerous conductors close to Lac Cinquante are very encouraging,”"This first round of drilling confirmed that targeting geological and geophysical analogues to Lac Cinquante can discover similar radioactive zones nearby with appreciable strike length.”