Kivalliq Energy Corporation is a uranium exploration and development company, and the first company in Canada to sign a landmark partnership with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut. This has given Kivalliq a unique opportunity to explore and develop the historic Lac Cinquante deposit, Canada’s highest grade uranium deposit outside of the Athabasca Basin, reported to contain 20.4 million pounds of uranium oxide with grades in excess of 1% (not National Instrument 43-101 compliant). Additionally, Kivalliq’s 225,000 acre core asset Angilak property has over 150 other uranium occurrences.
The 2009 Drill Program at Lac Cinquante confirmed near surface, high grade intervals over significant widths and along approx. one kilometer of strike length. The deposit remains open along strike and at depth and continues to offer convincing potential for expansion during the 2010 exploration season.
2009 Drill Program Images
2009 Lac Cinquante Drilling Program – Final Assay Results
Disclosure : Trendtrader owns shares in Kivalliq Energy Corp.