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2013 Geochemical Program Prioritizes Lac 50 Trend Drill Targets and Identifies New Zones
VANCOUVER , Sept. 9, 2013 /CNW/ - Kivalliq Energy Corporation ("Kivalliq", TSX-V: KIV) t...
About this update from Valore Metals Corp.
[{"type":"text","content":"\n\n\nVANCOUVER, Sept. 9, 2013 /CNW/ - Kivalliq Energy Corporation (\"Kivalliq\", TSX-V: KIV) today provided an update on activities conducted as part of the 2013\n season at Kivalliq's 340,268 acre Angilak Property in Nunavut\n Territory. Assays received from 1538 geochemical samples collected\n within the Lac 50 Trend, and directly to the south in the Angikuni\n sub-basin, have identified new anomalous zones and prioritized existing\n zones for future exploratory and resource drilling.\n\n\nKey Point Summary: \n\n\n\nThe 2013 sampling program was designed to test the effectiveness of soil\n geochemical surveying within the Lac 50 Trend using a widely spaced\n sampling pattern. Given its success, a larger and more detailed future\n work program is justified.\n\n\n387 anomalous uranium (\"U\") soil geochemical results (using a 75th percentile threshold) were reported over the entire width and length of\n the Lac 50 Trend, and along the new Nine Iron-KU Trend situated 5.5\n kilometres south\n\n\nAnomalous values using the Enzyme Leach method ranged from 6.5 ppb U to\n 2,880 ppb U, with the highest assays corresponding to both known\n mineralization and high-priority geophysical targets not yet drilled\n\n\nKey uranium-in-soil anomalies occur at least 850 metres along strike in\n both directions from the J4/Ray inferred resource, and as a 500 metre\n wide by 2,600 metre long trend at the high priority Hot Zone\n\n\n\n\"The results from this targeted geochemical sampling program increase\n our confidence in the exploration potential of specific geophysical\n conductors along the entire Lac 50 Trend and have also prioritized\n several new geophysical targets,\" stated Kivalliq's president, Jeff\n Ward. \"When interpreting these geochemical results, we have the\n advantage of knowledge gained through our exploration efforts over the\n past six years within the Lac 50 Trend. We will leverage this increased\n understanding to maximize our success in the 2014 exploration\n campaign.\"\n\n\nLac 50 Trend Summer 2013 Exploration Results\n\n\nThe majority of the 2013 soil geochemical sampling program was conducted\n within the three kilometre wide by 12 kilometre long Lac 50 Trend. The\n goal of the program was threefold: to confirm the effectiveness of the\n Enzyme Leach method by sampling known areas of mineralization; to test\n for exten...