Mining News: Northern Neighbors: Kivalliq expands Dipole-RIB uranium trend

Kivalliq Energy Corp. Nov. 10 reported results from soil sampling along the Dipole-RIB Trend and rock samples collected in the Yat Target area of its Angilak property in Nunavut. This year, the company collected 408 soil samples along the Dipole-RIB Trend, which is located roughly 25 kilometers (16 miles) southwest of the Lac 50 deposits at Angilak. The majority of these samples were collected within the RIB area of the trend. Combined with the 2014 data, Kivalliq says the results define a 4,000- meter-long trend of anomalous uranium-in-soil occurring northeast, southwest and south of the historical drilling completed by Noranda. As demonstrated by the success of this year’s drilling of significant uranium mineralization at Dipole, the combination of geochemical sampling and geophysical surveying has proven to be an effective tool for successfully discovering basement-hosted uranium in the Dipole-RIB Trend. The company said incorporation of additional data from historical ground geochemical, geophysical and radiometric grids has highlighted specific conductors for follow-up and drill testing of these multiple coincident geochemical-geophysical targets at RIB is warranted. “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 kilometer-scale coincident geophysical and uranium-in-soil trends identified at RIB,” said Kivalliq President Jeff Ward. The company also revisited Yat, a target area located about 10 kilometers (six miles) northeast of the Dipole deposit. One of three boulder grab samples within hydrothermally altered host rocks situated on the edge of a pronounced magnetic low at Yat returned the highest precious metal assays ever reported from Angilak: 1.82 percent U3O8 (triuranium octoxide), 6.8 percent copper, 211 grams per metric ton gold, 80,900 g/t silver, 3.1 g/t platinum and 6.7 g/t palladium. Kivalliq said Yat has emerged as a compelling and unexplained target, which will be evaluated during future programs at the Dipole-RIB Trend.

- Shane Lasley