Kivalliq Energy announced results of an integrated analysis of fixed-wing Falcon Airborne Gravity Gradiometer (AGG) and total field magnetic surveys undertaken over select areas of interest at the Genesis Property uranium project in northeast Saskatchewan.
The analysis work was undertaken by Condor Consulting Inc. (“Condor”), recognized experts in the field of integrated exploration.
A total of 20 gravity targets were identified and prioritized based on the integration of the 2016 AGG data with results from a 2015 compilation by Condor of electromagnetic, magnetic, radiometric, geochemical, biogeochemical and geological data sets. The majority of the gravity targets were identified in the Jurgen and Johnston areas, with nine and seven targets respectively.
“Exploration conducted on the Genesis Property during 2014 and 2015 by Kivalliq and Roughrider has identified numerous priority targets for basement hosted uranium in previously under-explored terrain to the east of the Athabasca Basin,” stated Jeff Ward, Kivalliq’s President. “The companies plan to continue refining and upgrading existing targets while still seeking new ones throughout this large and prospective landholding.”
Gravity targets, including the two highest priority targets, are spatially associated with the Jurgen 1 and Jurgen 2 target zone corridor where previous work has identified anomalous uranium soil geochemistry, biogeochemistry, boulder samples and radiometrics coincident with multiple electromagnetic conductor trends.
The 2016 AGG and magnetics survey, performed by CGG Canada Services Ltd., was divided into five separate grids providing coverage over the Jurgen, Johnston/GAP, Daniel's Bay, Melnick and Kingston priority target areas. Flight lines were flown at 200 metre spacing for a total of 1,677 line-kilometres. The gravity target zones identified based on the 2016 AGG data have low to moderate amplitudes (-0.1 to -0.3 mGal) relative to the model adopted for the analysis. Gravity target zone selection was determined by Condor using a target model based on known uranium deposits in the Athabasca Basin. Target zones are characterized by gravity low responses associated with coincident steep magnetic gradients and breaks in electromagnetic conductor trends, which can represent alteration associated with uranium mineralization.
As previously reported by Roughrider Exploration Limited in a news release May 27, 2016, Saskatchewan Mineral Dispositions MC2080, MC2081 and MC2082 were acquired by purchase from an arm’s length party. With the acquisition now complete, the new claims add 232 hectares within the Genesis Property boundary, filling key holes in the Johnson-GAP area.