VANCOUVER, Sept. 9, 2013 /CNW/ - Kivalliq Energy
Corporation ("Kivalliq", TSX-V: KIV) today provided an update
on activities conducted as part of the 2013 season at Kivalliq's
340,268 acre Angilak Property in Nunavut Territory. Assays received from 1538
geochemical samples collected within the Lac 50 Trend, and directly
to the south in the Angikuni sub-basin, have identified new
anomalous zones and prioritized existing zones for future
exploratory and resource drilling.
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
"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," stated Kivalliq's
president, Jeff Ward. "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."
Lac 50 Trend Summer 2013 Exploration Results
The majority of the 2013 soil geochemical sampling program was
conducted within the three kilometre wide by 12 kilometre long Lac
50 Trend. The goal of the program was threefold: to confirm the
effectiveness of the Enzyme Leach method by sampling known areas of
mineralization; to test for extensions along strike or adjacent to
current inferred resource areas and; to evaluate the potential
mineralization of numerous geophysical conductors not yet tested by
drilling.
The program was successful in all aspects with 387 anomalous
uranium-in-soil results reported using the 75th
percentile threshold. Anomalous uranium-in-soil trends, which
exhibit highs between 19.4 ppb and 44.0 ppb U, correlate to known
Lac 50 Trend deposits and associated geophysics. Linear uranium
geochemical anomalies in high-priority zones like Blaze, Spark,
Pulse and ML extend at least 600 metres beyond existing drill
holes, demonstrating much more work is warranted in these areas.
Additional highlights include the delineation of uranium
geochemical trends extending 850 metres northwest (through the J1
Zone) and 1,200 metres southeast along the J4 VLF electromagnetic
("EM") conductor. Also of note, sampling in the Hot target area
outlined a broad anomalous uranium-in-soil anomaly, measuring 500
metres wide by 2,600 metres long. The Hot Trend contains peak
anomalous geochemical assays up to 2,880 ppb U, the highest in the
Lac 50 area, and remains open along strike to the northwest.
In addition, three separate EM conductor targets located 3.8
kilometres northeast, 1.8 kilometres southeast, and 1.0 kilometre
north respectively of Lac 50 Trend resources were given new
priority based on the soil geochemical work. 78 soil samples
collected in these areas assayed between 6.6 ppb and 76.2 ppb U.
These results suggest uranium mineralization related to untested
linear geophysical signatures occur at targets well outside the
area of known Lac 50 Trend deposits.
These well-defined uranium-in-soil trends and peak U values
outlined by the 2013 survey will be valuable when prioritizing
geophysical conductors and selecting specific drill sites on future
programs.
Nine Iron-KU Trend Results
Ground geophysical surveying performed in April 2013 has identified an EM conductive trend
on new claims staked in October 2012
within the Proterozoic-age Angikuni sedimentary sub-basin south of
the Lac 50 Trend. This new geophysical EM target is located
approximately 5.5 kilometres south of, and parallel to the Lac 50
Trend resource and originates from the high-priority Nine Iron
Zone, extending 8.1 kilometres to the northwest to what is now
called the "KU Zone". Historic trenches in the KU Zone sampled by
Urangesellschaft Canada Ltd. in 1980 were reported to include 1.9%
U3O8 over 1.2 metres.
203 soil geochemical samples were collected in separate areas
5.8 kilometres apart and at either end of the Nine Iron-KU trend.
44 anomalous results, ranging from 6.6 ppb U to a peak of 30.6 ppb
U, correlate well to both the KU trenches and the newly identified
EM conductive trend which connects KU to Nine Iron.
For plots of the 2013 soil geochemical data, and for additional
Angilak Property related data, tables and maps, please visit:
http://kivalliqenergy.com/angliak/technical/images/ or
http://www.corebox.net/properties/angilak/
2013 Soil Sampling Program
The soil geochemical sampling program was part
of a 2013 phase two summer work program at Angilak that also
included; ongoing metallurgical/optimization studies, prospecting,
mapping, camp upgrades and environmental monitoring. Overall, a
total of 1,538 soil geochemical samples were collected along lines
spaced approximately 200 to 300 metres apart using 50 metre
stations. Soil samples were analysed at Activation Laboratories
Ltd. ("Actlabs") in Ancaster,
Ontario using the Enzyme Leach method. 387 anomalous results
(25% of all samples taken) range from 6.5 ppb U to a high of 2,880
ppb U. Of these anomalous results, 387, 232, 154 and 77 reported in
the 75th, 85th, 90th and 95th percentiles respectively. Anomalous
ranges for Enzyme Leach uranium analyses were generated through
statistical frequency analysis. Background was determined by the
population mean after cutting significant outliers to the
99th percentile. Like the Lac 50 Trend inferred
resource, anomalous uranium-in-soil was also generally associated
with copper (Cu), molybdenum (Mo) and silver (Ag). 236 samples
yielded anomalous Cu values > 75.0 ppb, 239 anomalous samples
were > 4.0 ppb Mo, and 102 anomalous samples were > 0.4 ppb
Ag. Table 1 shows value ranges and anomalous thresholds for
elements of interest obtained by the 2013 Enzyme Leach soil
sampling program.
Table 1
U |
Cu |
Mo |
Ag |
Percentile |
U_ppb |
Percentile |
Cu_ppb |
Percentile |
Mo_ppb |
Percentile |
Ag_ppb |
75 |
6.5 |
85 |
75 |
85 |
4 |
94 |
0.4 |
85 |
9.3 |
90 |
95 |
90 |
6 |
96 |
0.9 |
90 |
12.4 |
95 |
135 |
95 |
9 |
98 |
1.8 |
95 |
16.4 |
98 |
205 |
98 |
18 |
99 |
2.5 |
Min |
0.1 |
Min |
3 |
Min |
1 |
Min |
0.2 |
Max |
2880 |
Max |
5570 |
Max |
309 |
Max |
14.8 |
Avg |
5.6* |
Avg |
48.0 |
Avg |
3.4 |
Avg |
0.3 |
*U outliers cut to 99th
percentile |
To verify and calibrate enzyme leach results, 64 soil
geochemical orientation samples were analyzed at Actlabs using
conventional soil geochemical assay methods and soil gas
hydrocarbon testing. An additional 75 samples were submitted to SGS
Canada Inc. in Vancouver, B.C. for
mobile metal ion (MMI) and Pb isotope studies.
QA/QC
The Actlabs facility is accredited to international quality
standards through the International Organization for
Standardization/International Electrotechnical Commission (ISO/IEC)
17025 (ISO/IEC 17025 includes ISO 9001 and ISO 9002 specifications)
with CAN-P-1578 (Forensics), CAN-P-1579 (Mineral Analysis) and
CAN-P-1585 (Environmental) for specific registered tests by the
SCC. A 0.75g sample of -60 mesh B soil horizon is leached in
an enzyme matrix containing a glucose oxidaze solution at
30oC for one hour, where it reacts with amorphous
MnO2 dissolving it. Metals are then complexed with the
gluconic acid present. Two controls for every 49 samples are
leached in the same procedure. Solutions are analyzed on a Perkin
Elmer ELAN 6000, 6100 or 9000 ICP/MS. Laboratory quality
control (QC) includes blanks analysed every 49 samples and a repeat
analysis on every 10th sample. Kivalliq's quality assurance and
quality control procedures include the systematic insertion of
blanks, standards and duplicates in the field. All QA/QC results
were within expectations.
Jeff Ward, P.Geo, President of
Kivalliq and a Qualified Person for Kivalliq, has reviewed and
approved the scientific and technical information contained in this
release. For disclosure related to the inferred resource for the
Lac 50 Trend uranium deposit, please refer to Kivalliq's news
release of March 1, 2013.
About Kivalliq Energy Corporation
Kivalliq Energy Corporation (TSX-V: KIV) is a Vancouver-based uranium exploration company
holding Canada's highest-grade
uranium resource outside of Saskatchewan's Athabasca Basin. Its flagship project, the
340,268 acre Angilak Property in Nunavut Territory, hosts the Lac
50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes
grading 0.69% U3O8, totaling 43.3 million
pounds U3O8. Kivalliq's comprehensive
exploration programs continue to advance the Lac 50 Trend and
demonstrate the "District Scale" potential of the Angilak
Property.
Kivalliq's team of northern exploration specialists have forged
strong relationships with sophisticated resource sector investors
and project partner Nunavut Tunngavik Inc. ("NTI") in order to
advance the Angilak Property. Kivalliq was the first company to
sign a comprehensive agreement to explore for uranium on Inuit
Owned Lands in Nunavut Territory,
Canada and is committed to
building shareholder value while adhering to high levels of
environmental and safety standards and proactive local community
engagement.
On behalf of the Board of Directors
"Jim Paterson"
James R. Paterson, CEO
Kivalliq Energy Corporation
Kivalliq Energy Corporation is a member of the Aurora Mineral
Resource Group of companies, for more information please visit
www.auroraresource.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain disclosures in this release, including the budget and
exploration program proposed for the Angilak Property, constitute
forward-looking statements that are subject to numerous risks,
uncertainties and other factors relating to Kivalliq's operations
as a mineral exploration company that may cause future results to
differ materially from those expressed or implied in such
forward-looking statements, including risks as to the completion of
the plans and projects. Readers are cautioned not to place undue
reliance on forward-looking statements. Other than as required by
applicable securities legislation, Kivalliq expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events,
or otherwise.
Cautionary Note concerning estimates of Inferred Resources:
This news release uses the term "inferred resources". Inferred
resources have a great amount of uncertainty as to their existence,
and great uncertainty as to their economic and legal feasibility.
It cannot be assumed that all or any part of an Inferred Mineral
Resource will ever be upgraded to a higher category. Kivalliq
advises U.S. investors that while this term is recognized and
required by Canadian regulations, the U.S. Securities and Exchange
Commission does not recognize it. U.S. investors are cautioned not
to assume that part or all of an inferred resource exists, or is
economically or legally mineable.
SOURCE Kivalliq Energy Corporation