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Mining Explorers 2009: Kivalliq Energy Corp.
KIV: TSX-V
President and CEO: John Robins
Chairman: Rob Carpenter
Vice President, Exploration: Jeff Ward
Kivalliq Energy Corp. is a uranium exploration and development company created in early 2008 when Kaminak Gold Corp. spun off its uranium assets. Kivalliq is the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit-owned lands in Nunavut. This landmark partnership gives Kivalliq the opportunity to explore and develop the historical Lac Cinquante uranium deposit. Reported to contain a non-NI 43-101-compliant 20.4 million pounds of uranium oxide with grades averaging 1.03 percent, the Lac Cinquante deposit and more than 150 other uranium occurrences on the property comprise Kivalliq’s core asset, the 270,000-acre, or 112,033-hectare, Angilak Project.
The junior conducted a ground geophysics program this year with 600-line kilometers of new ground magnetic and VLF surveys. Results from the ground geophysical survey have clearly identified a 9-kilometer-, or about 6-mile-long trend of parallel, very low frequency electromagnetic conductors. This trend includes the prominent VLF-EM anomaly known to be associated with the Lac Cinquante uranium deposit.
This summer and fall, Kivalliq is conducting phase 1 of a planned 10,000-meter diamond drill program at the Angilak Project. This first phase of drilling will consist of up to 2,000 meters and is designed to confirm high-grade intercepts, verify dimensions and test the potential to expand the deposit. The program also will include prospecting, geological and mapping regarding logging historical core and initiation of baseline environmental studies and surveys.
Cash and short-term deposits: C$1.73 million (at June 30, 2009)
Working capital: C$1.99 million (at June 30, 2009, plus C$500,000 raised in August 2009 offering)
Market capitalization: > C$11 million
Suite 1440, 625 Howe St.
Vancouver BCV6C 2T6
Tel: 604-646-4534
Fax: 604-646-4526
www.kivalliqenergy.com
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