30 July 2015
July 30, 2015
Vancouver, B.C. – Kivalliq Energy Corporation (KIV: TSX-V) (“Kivalliq”) today announced that the first exploration drilling of the previously untested Dipole target has discovered multiple, steeply dipping, parallel radioactive intercepts contained within a new zone that is between 35 to 48 metres wide. This new discovery at Dipole clearly demonstrates that complementary geophysical and geochemical surveys are very effective tools for successfully targeting exploration drilling on Kivalliq’s 100% owned, 105,280 hectare (260,154 acre) Angilak Property in Nunavut Territory, Canada.
Drilling Summary:
• All nine holes from the inaugural core drilling program at Dipole intersected anomalous radioactivity (see description in Table 1 below);
• Dipole is a 35 to 48 metre wide zone hosting one to four steeply dipping, parallel mineralized drill intercepts, at a vertical depth of between 15 and 110 metres and along strike approximately 150 metres;
• Multiple down hole intercepts which are between 0.3 to 6.7 metres wide have elevated to significantly radioactive intervals (>300 to 18,800 counts per second “cps”);
• The highest radioactive interval (up to 18,800 cps) on the eastern-most set-up is more than 650 metres away from a high grade boulder (2.24% U308) found along strike to the southwest.