Kivalliq Files NI 43-101 Technical Report on the Lac Cinquante Deposit,
Nunavut
Vancouver, B.C. �
Kivalliq Energy Corporation (KIV: TSXV) today announced the completion
and filing of a National Instrument 43-101 independent technical report on
the Company's Lac Cinquante Uranium Deposit at the Angilak Project, Nunavut, Canada.
The independent
Technical Report was prepared by Apex Geoscience
Ltd. with the Mineral Resource estimate for the Lac Cinquante
Deposit contained therein prepared under the direction of SIM Geological
Inc., following the guidelines of the Canadian Securities Administrators
National Instrument 43-101 and Form 43-101F1.
The report titled
"Technical Report on the Angilak Project, Kivalliq Region, Nunavut" will be filed on SEDAR and
can be viewed on the SEDAR website, www.sedar.com, the Kivalliq
website, www.kivalliqenergy.com, or by following this link:
http://kivalliqenergy.com/_resources/LacCinquante_NI-43101.pdf
The information in this
release related to the independent Technical
Report and the Mineral Resource estimate has been approved by Michael Dufresne, P.Geol and Robert Sim, P.Geo. of
SIM Geological Inc., who are independent Qualified Persons as defined under
National Instrument 43-101. Jeff Ward, P.Geo,
President of Kivalliq and a Qualified Person for
the Company, has reviewed and approved the information contained in this
release.
About Kivalliq Energy Corporation
Kivalliq Energy Corporation is a uranium
exploration and development company, and the first company in Canada to sign
a comprehensive agreement with the Inuit of Nunavut to explore for uranium on
Inuit Owned Lands in Nunavut.
With an NI 43-101
compliant Inferred Mineral Resource of 810,000 tonnes
grading 0.79% U3O8, totaling 14.15 million lbs U3O8 (17.5 lbs U3O8/tonne) at a 0.2% U3O8 cut-off grade, the Lac Cinquante Deposit is Canada's highest grade uranium
deposit, outside of the Athabasca Basin. Kivalliq's
flagship project, the 225,000 acre Angilak Property
in Nunavut, hosts the high-grade Lac Cinquante deposit,
along with nine additional high priority target areas. Since acquiring the Angilak Property in 2008, the Company has invested
approximately $12 million conducting systematic exploration.
On behalf
of the Board of Directors
"James
Paterson"
James Paterson, CEO
Kivalliq Energy Corporation
For further information
about, Kivalliq Energy Corporation or this news
release, please visit our website at www.kivalliqenergy.com or contact Investor Relations at 1.888.331.2269 toll free,
directly at 604.646.4527 or by email at info@kivalliqenergy.com.
Kivalliq Energy Corporation is a member of
the Discovery Group of companies, for more information on the group
visit www.discoveryexp.com.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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