Kivalliq Energy has announced the assay results of the diamond drilling program conducted at the Western Extension, which is situated 450 m along the strike and western part of the Lac Cinquante uranium deposit. The company encountered high-grade mineralization of uranium from six holes out of the seven at vertical depths.
2011 Western Extension
The company intersected 2.02% U3O8, 1.42% copper and 19.7 g/t silver over 0.8 m in the hole 11-LC-109, 1.21% U3O8, 0.87% copper and 190.4 g/t silver over 0.8 m in the hole 11-LC-120, 0.98% U3O8, 0.29% copper and 14.3 g/t silver over 1.1 m in the hole 11-LC-115, 0.83% U3O8, 0.44% copper and 37.3 g/t silver over 1.5 m in the hole 11-LC-119.
Jeff Ward, Kivalliq’s President, commented that the high-grade values intersected at the property have shown the growth prospective at the depth. The assay results will be included in the upcoming resource calculations.
This set of results includes seven core drill holes from the Western extension. The company has drilled the Western Extension to 550 m of strike length and 450 m towards the western part and along the strike of the resource region of the Lac Cinquante main zone.
54 drill holes, totaling 9,468 m, examined a VLF EM conductor trending towards the northwest that showed a response identical to the Lac Cinquante deposit.
Mineralization is same as that identified at Lac Cinquante, and is housed structurally in the altered basalt. Radioactive intervals are connected with sheared, carbonate- chlorite altered basalt with minor sulphides and brecciation. This zone has hematized carbonate- quartz veining.