KIV: TSX-V
Chairman: John Robins
Chief Executive Officer: Jim Paterson
President: Jeff Ward
Exploration Manager: Bill Cronk
Kivalliq Energy Corp. is focused on the exploration of its growing portfolio of quality uranium projects in Nunavut and Saskatchewan. Angilak, the flagship of this portfolio, is a 105,280-hectare (275,469 acres) property that blankets a number of high-priority zones including the promising high-grade Lac 50 Trend uranium deposit. Since acquiring Angilak in 2008, Kivalliq has invested more than C$55 million on exploration at Angilak. In 2013, the company reported an inferred resource of 2.83 million metric tons averaging 0.69 percent (43.3 million pounds) U3O8 for the Lac 50 Trend deposit. In July, Kivalliq launched an exploration program focused on drilling the Dipole target and seeking out other targets along the Dipole-RIB trend. Located about 25 kilometers (16 miles) southwest of Lac 50, the Dipole-RIB trend shows many similarities to the trend hosting the high-grade uranium deposit. Following up on historical work in the Dipole area, Kivalliq identified a 2,000-meter-long very low frequency electromagnetic conductor that is coincident with mineralized boulders, including one angular boulder that assayed 2.24 percent U3O8 and 116 grams per metric ton silver. Enzyme Leach soil sampling conducted in 2014 outlined a 3,400-meter-long uranium-in-soil trend along this conductor. Kivalliq said the nine-hole drill program completed at Dipole this year cut parallel radioactive intercepts contained within a new zone that is 35 to 48 meters thick. Kivalliq President Jeff Ward said, “Discovering this new and significantly radioactive zone at Dipole confirms that Lac 50-type mineralization exists in multiple trends on the Angilak Property and supports our belief we have an important uranium district in Nunavut.”
Kivalliq’s portfolio also includes the Baker Basin property, located in eastern Nunavut about 60 kilometers (35 miles) southeast of the community of Baker Lake and roughly 200 kilometers (125 miles) northeast of Angilak. A number of zones identified by Pacific Ridge Exploration Ltd., which sold the Baker Lake property to Kivalliq in 2013, offer compelling uranium targets, including two considered to be drill-ready. Since late 2014, Kivalliq also has diversified its project portfolio through the staking of the Genesis property and acquisition of the Hatchet Lake property, both in Saskatchewan.
Cash and short-term deposits: C$2.0 million (June 30, 2015)
Working capital: C$1.8 million (June 30, 2015)
Market capitalization: C$16.3 million (Sept. 22, 2015)
1020-800 West Pender Street, Vancouver, BC, V6C 2V6
Tel: 604-646-4527 • Fax: 604-646-4526
www.kivalliqenergy.com
