Kivalliq Reports Assay Results from 2013 Drilling at the ML and J1 Zones

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[{"type":"text","content":"\n\n\nVANCOUVER, June 27, 2013 /CNW/ - Kivalliq Energy Corporation (\"Kivalliq\", TSX-V: KIV) today announced assay results from drilling at the newly discovered ML\n and J1 zones within the Lac 50 Trend located at Kivalliq's 340,268 acre\n Angilak Property in Nunavut Territory. This news release summarizes the\n drilling component of the 2013 exploration program.\n\n\nKey Point Summary: \n\n\nThe ML and J1 discoveries this season bring the count to 12 new zones\n drilled within the highly prospective Lac 50 Trend since 2010.\n\n\nML Zone highlight assay results:\n\n\n1.42% U3O8, 0.40% Mo, 139 g/t Ag and 0.64% Cu over 1.2 metres in 13-ML-001\n\n\nJ1 Zone highlight assay results:\n\n\n0.56% U3O8,  0.28% Mo, 15.5 g/t Ag over  0.6 metres in 13-J1-003\n\n\n1.06% U3O8   over 0.3 metres in 13-J1-002\n\n\n\"Exploratory drilling within the Lac 50 Trend this season has been\n extremely successful, with the discovery of the ML and J1 zones,\"\n stated Kivalliq's President, Jeff Ward. \"The geological similarity and\n proximity of the ML and J1 zones to the current Lac 50 Trend mineral\n deposits confirm our belief that we can continue to grow our inferred\n resource base through drilling. Exploration work in July will be\n focussed on increasing our confidence level of specific high-priority\n zones to be tested with future drill programs.\"\n\n\nML Zone\n\n\nFour core holes tested the 1.5 kilometre long ML Zone electromagnetic\n (\"EM\") conductor from two sites 1.1 kilometres apart. At 60 metres\n vertical depth, hole 13-ML-001 intersected 1.2 metres of uranium\n mineralization within a 4.3 metre wide zone of sheared, hematized,\n sulphidic graphitic tuff and carbonate veining. Hole 13-ML-002\n intersected the same altered tuff unit 36 metres down dip, but with\n weak mineralization. Holes 13-ML-003 and 004 tested the ML conductor\n 1.1 kilometres along strike to the east, intersecting a similar sheared\n tuffaceous host rock with no radioactivity.\n\n\nJ1 Zone\n\n\nThe J1 Zone is a one kilometre long EM conductor located between the J4\n and Eastern Extension zones. Six holes drilled from two drill sites\n along 150 metres of strike length intersected varying amounts of\n uranium at depths between 28 and 180 vertical metres. Mineralization at\n J1 occurs as narrow carbonate veins in sheared, hematized, sulphidic\n g...

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