Kivalliq Energy Corporation(TSXV:KIV) announced that it has received the first assay results from the 2012 drill program at the J4 Zone. Drilling, mapping and geophysical surveys are ongoing at the project as the Company aims to further advance targets on the property.
- 1.91% U3O8, 0.55% Mo, 79.8 g/t Ag over 1.1 metres in Hole 12-J4-003
- 3.76% U3O8, 0.32% Mo, 22.5 g/t Ag over 0.3 metres in Hole 12-J4-003
- Drilling at the J4 Zone has now intersected significant radiation in 39 of 46 holes, extending the drilled strike length of mineralization to 600 metres
Kivalliq, CEO, Jim Paterson, commented:
Aggressive drilling since July 1, 2012 at J4 Zone has rapidly outlined a significant zone of continuous uranium mineralization located within 2.3 kilometres of the Lac Cinquante Deposit. This clearly demonstrates the potential to convert targets within the Lac Cinquante Trend into significant discoveries in a single season.