Kivalliq Energy Corporation (CVE:KIV) announced the release of the first NI 43-101 compliant Mineral Resource estimate for the Lac Cinquante uranium deposit, located within Kivalliq’s 225,000 acre Angilak Property in Nunavut, Canada.
The press release is quoted as saying:
“The release of the first 43-101 compliant mineral resource estimate for the Lac Cinquante uranium deposit is a major milestone for the Company. It provides Kivalliq with a strong base from which to build additional uranium resources in 2011, through further drilling at Lac Cinquante and at other high-priority target zones within the Angilak Property,” stated Kivalliq CEO Jim Paterson. “With a grade of 0.79% U3O8, Lac Cinquante is the highest grade compliant uranium resource in Canada, outside of the Athabasca Basin.”