Kivalliq Initiates Metallurgical Testing at Lac Cinquante
Kivalliq Energy Corporation (the "Corporation" or "Kivalliq") today announced that SGS Mineral Services ("SGS") has been engaged to carry out initial metallurgical studies on samples prepared from drill core generated during the 2009 Program on the historic Lac Cinquante Uranium Deposit located in Nunavut, Canada.
"This metallurgical test work is an important step forward and will further demonstrate the potential at Lac Cinquante" stated John Robins, President & CEO. "It will provide essential information on ore characteristics that will help us advance and develop this uranium deposit."
As reported in October 2009, Kivalliq confirmed the widths, continuity and high-grades previously reported for Lac Cinquante. Thirteen holes drilled during the 2009 Program intersected significant near surface uranium mineralisation, over roughly one kilometre of strike. Assay highlights for the Lac Cinquante main zone include 2.06% U3O8 over 2.88 metres width (see October 29, 2009 release). Historic documents note that in 1985, the Minerals Division of Abermin Corporation conducted a feasibility study to investigate mining and processing ore from Lac Cinquante. At the time, Abermin concluded that ore from this deposit could be processed at existing uranium facilities in Canada. Kivalliq intends to corroborate these findings with a new metallurgical test program carried out by SGS.
SGS Mineral Services is a recognized leader in the minerals sector and has provided metallurgical expertise on Canadian uranium projects for over 50 years. Initial testing by SGS will determine uranium recoveries at Lac Cinquante through head analysis, leach optimization, solvent extraction and neutralisation, followed by tailings and effluent characterisation.
In addition, results reported for Lac Cinquante last October included other metal assays as high as 65 grams/tonne Ag, 1.72% Mo and 2.73% Cu. Kivalliq will investigate the value of recovering these metals as part of any future ore processing circuit.
Disclosure of a technical nature contained in this release has been reviewed and approved by Jeff Ward, P.Geo (Vice President Exploration of Kivalliq) and Rob Carpenter, Ph.D., P.Geo (Chairman of Kivalliq) who are Qualified Persons for the purposes of National Instrument 43-101.
Published 18/01/2010
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.
This landmark partnership with the Inuit gives Kivalliq a unique opportunity to explore and develop the Lac Cinquante Deposit, northern Canada's highest grade uranium deposit. Reported to contain 20.4 million pounds of uranium oxide with grades in excess of 1% U3O8 (not National Instrument 43-101 compliant)**, the historic Lac Cinquante uranium deposit and over 160 other uranium occurrences on the property comprise Kivalliq's core asset, the 270,000 acre Angilak Project.
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