Kivalliq 2015 Exploration Confirms Scale and Potential of Dipole-Rib Trend

“Kivalliq’s 2015 exploration program has confirmed that Lac 50-type mineralization exists in multiple trends on the Angilak Property,” stated Kivalliq president Jeff Ward. “The Dipole-RIB Trend has emerged as an area with tremendous exploration potential based on our compilation of previous exploration, the recently drilled Dipole discovery, and now the multiple kilometre-scale coincident geophysical and uranium-in-soil trends identified at RIB.”

Highlights

• 408 in-fill soil samples in 2015 have defined multiple uranium in soil trends at RIB within a survey grid oriented along and straddling the Angikuni Basin unconformity;
• Drilling is warranted along four kilometres (km) of subparallel coincident geophysical and geochemical anomalies at RIB;
• Prospecting  identified favorable host geology and uranium mineralization four km southwest of Dipole and within the RIB geochemical trend;
• Rock samples further enhanced the Yat uranium-precious metal occurrence, returning the highest precious metal assays reported from the property to date:  1.82% U₃O₈, 6.8% Cu, 211 g/t Au, 80,900 g/t Ag, 3.1 g/t Pt and 6.7 g/t Pd.