Mining News: Northern Neighbors: Kivalliq confirms Dipole uranium discovery

Kivalliq Energy Corp. Oct. 19 said the result from its inaugural drill program at the Dipole discovery demonstrate the effectiveness of geophysical and geochemical surveys to making uranium discoveries at its Angilak property in Nunavut. The nine-hole Dipole drill program was designed to test the center of a 2,000-meter-long very low frequency electromagnetic conductor with a coincident 3,400-meter-long uranium-in-soil anomaly. Highlights from this drilling include: 2.34 percent U3O8 (tri-uranium oxide) over 1.3 meters from 28.3 meters of hole 15-DP-009; 0.21 percent U3O8 over 6.7 meters from 46.4 meters of 15-DP-009; 0.17 percent U3O8 over eight meters from 27.9 meters of 15-DP-005; 0.18 percent U3O8 over 6.7 meters from 35.5 meters of 15-DP-006; and 0.14 percent U3O8 over 2.1 m from 75.5 meters of 15-DP-002. The Dipole discovery is located within the Dipole-RIB Trend, approximately 25 kilometers southwest of the Lac 50 deposits at Angilak.

- Shane Lasley