Kivalliq Drills New Zone Between Eastern Extension and J4 Zones

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[{"type":"text","content":"\n\n\n\n\n\n\n\n\nVANCOUVER, April 17, 2013 /CNW/ - Kivalliq Energy Corporation (KIV: TSX-V) (\"Kivalliq\") today announced, as part of Phase 1 of the 2013 exploration program,\n the discovery of radioactive mineralization associated with a\n geophysical conductor located between, and along strike from, the\n Eastern Extension and J4/Ray Zones at the 340,268 acre Angilak Property\n in Nunavut Territory, Canada.\n\n\n\"The season has started on an extremely positive note, with the\n confirmation that a prospective new zone exists between the Eastern\n Extension and J4 zones that form part of the current Lac 50 Trend\n inferred resource,\" stated Jim Paterson, Kivalliq's CEO. \"Our technical\n team continues to deliver exceptional exploration results, as we work\n towards extending known resources and testing new targets property\n wide.\"\n\n\nExploration progress in 2013 to date includes:\n\n\nFive diamond drill holes totaling 584 metres focused on linear\n geophysical targets between Eastern Extension and J4-Ray resource areas\n of the Lac 50 Trend\n\nFive of five holes from two sites have intersected anomalous\n radioactivity\n\n573 line kilometres of ground resistivity electromagnetic (\"EM\")\n surveying to prioritize targets in Lac 50 Trend\n\n\nJ1 Zone Discovery\n\n\nRadioactive mineralization has been intersected in five of five holes\n drilled from two drill sites along 150 metres of strike length\n approximately 800 metres west of the J4 and Ray zones. The new J1 Zone\n is a one kilometre long EM conductor located along strike of, and\n midway between, the Eastern Extension and J4 resource areas.\n\n\nThe J1 Zone has been intersected at depths between 27.5 and 77.5\n vertical metres. Five of five holes from two sites have intersected\n anomalous radioactivity with values ranging from 130 to 12,000 counts\n per second (\"cps\") in down hole widths of 0.2 to 0.5 metres.\n Mineralization at J1 occurs as narrow carbonate veins in sheared,\n hematized, sulphidic graphitic tuff within a larger sequence of basalt\n and gabbro, similar to the lithological units hosting mineralization at\n J4, Ray and Lac Cinquante.\n\n\nAll holes in target areas were drilled northeast with azimuths 26\n degrees at inclinations between -45 and -89 degrees.\n\n\nThe first phase of 2013 exploration commenced with the mobilization of\n crews a...

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