Overview

Kivalliq's flagship project, the 100% owned, 101,111 hectare (249,851 acre) Angilak Property in Nunavut, hosts numerous high priority zones including the promising high-grade Lac 50 Trend uranium deposit and the new Dipole-RIB Trend discovery. Since acquiring the Angilak Property in 2008, the Company has invested $55 million conducting systematic exploration, including: ground and airborne geophysics, geological mapping; prospecting, and over 90,500 metres of diamond and reverse circulation ("RC") drilling.

Kivalliq’s 2015 program led to the new Dipole discovery located within the Dipole-RIB Trend. Drilling returned multiple intervals of significant near surface uranium mineralization. The Dipole-RIB Trend is located approximately 25 km southwest of Lac 50 deposit and drill results demonstrate that Lac 50-type mineralization exists in multiple trends on the Angilak Property. 

Angilak Property  
Size 275,469 acres
Inferred Resource: Lac 50 Trend Deposit
Grade
Tonnage
0.69% U3O8 (0.2% cut off)
43.3 Mlbs in 2,831,000 tonnes
Activity 2008 - Present
Capital Invested
$55 million
Metres Drilled 89,530 metres
Rapid inferred resource growth – 200% since 2011 Industry beating discovery costs:$1.32/inferred lb U

 

Inferred Mineral Resource Estimate for the Lac 50 Trend Deposit by Zone - 0.2% U3O8 Cut-off (January 2013)

Deposit Tonnes
(T x 1000)
U3O8
(%)
Ag
(g/t)
Mo
(%)
Cu
(%)
U3O8
(M lbs)
Ag
(oz x 1000)
Mo
(M lbs)
Cu
(M lbs)
Lac Cinquante 1,906 0.67 16 0.15 0.25 28 983 6.3 10.4
J4/Ray 925 0.75 30.1 0.20 0.26 15.3 895 4.1 5.2
Total 2,831 0.69 20.6 0.17 0.25 43.3 1,878 10.4 15.6

 

All Corebox.net Angilak Project Drill Holes and Sections
 

2013 Lac 50 Trend Resource Spinning Model