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Kivalliq Identifies New Gold in Till Corridor and Confirms Gold Zones on Baffin Island, Nunavut
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Kivalliq Energy Corporation...
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[{"type":"text","content":"Kivalliq Identifies New Gold in Till Corridor and Confirms Gold Zones on Baffin Island, NunavutVancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Kivalliq Energy Corporation (TSXV: KIV) (\"Kivalliq\") today announced results from the 2017 summer exploration program at Kivalliq's 100% owned, Baffin Gold Property in Nunavut Territory, Canada. The Baffin Gold Property is one of the largest undeveloped greenstone-iron formation gold belts in Nunavut, totalling 408,981.6 ha and covering 160 km of the Foxe Fold Belt on central Baffin Island. These results are the first step toward understanding and advancing significant gold-bearing zones and anomalies that occur in a variety of geological settings within the Baffin Gold Property. 2017 Highlights:Results from 424 rock samples confirmed high-grade gold in banded iron formation (BIF) and (intrusion?)-metasediment hosted quartz veins. Highlight grab and channel sample assays include:268 g/t (7.8 oz/ton) Au - Malrok BIF grab sample 211 g/t (6.1 oz/ton) Au over 0.5 m and 102.5 g/t (3.0 oz/ton) Au over 0.5 m - Kanosak quartz vein channel sample114.5 g/t (3.3 oz/ton) and 96.2 g/t (2.8 oz/ton) Au - Brent quartz vein grab sample86.1 g/t (2.5 oz/ton) Au over 0.96 m, includes 193 g/t (5.6 oz/ton) Au over 0.32 m - W Kanosak/Qim 4 BIF channel sample20% of rock samples taken in 2017 (85) were > 0.5 g/t AuResults from 492 till geochemical samples identified a new 10 km long corridor of anomalous gold at south Kanosak, and further outlined seven anomalous areas warranting follow-up at Kanosak, Brent and Central Belt west. Rock and new till geochemical results have extended the strike length of known gold occurrences at Brent, confirmed gold in BIF over 5 km and 6 km at west and north Kanosak, and expanded anomalies around historic gold in till results.65 km2 of high resolution airborne drone imagery flown in key target areas will be used to develop digital surface models and aid structural interpretation. Maps and images of the work performed in 2017 at the Baffin Gold Property can be viewed at: http://www.kivalliqenergy.com/projects/baffin_gold/maps/ \"We are excited that Kivalliq's first summer on the Baffin Gold Property was able to confirm gold in a variety of geological settings in Bravo Lake Formation rocks across 68 km of strike length,\" stated Kivalliq President Jeff ...