Kivalliq Energy has received new assay results from 33 holes drilled at the ‘Main Zone’ of the Lac Cinquante Uranium Deposit, located within the 225,000 acre Angilak Property in Nunavut, Canada.

Kivalliq has released assay results from 78 holes and all holes reported herein were inclined to the northeast with an azimuth of 26 degrees, intersecting the Lac Cinquante Main Zone between 32 and 113m depth.

Ten drill holes; 10-LC-040, 042, 057, 060 to 062, 066, 068, 069 and 071 intersected the altered tuff host unit with no uranium mineralization and these infill holes helped delineate high-grade ore shoots within the Lac Cinquante Main Zone.

Phases 1 & 2 of the 2010 Exploration Program at Angilak consisted of new camp construction, property-wide prospecting, environmental baseline studies, and a total of 16,600m of resource definition and exploratory drilling.

The fourth quarter of 2010 will be dedicated to technical and resource modeling analysis with the goal of establishing a NI 43-101 mineral resource by early 2011.

The prime objective of drilling at the Lac Cinquante ‘Main Zone’ was to generate data necessary for completing a mineral resource calculation.

Drilling tested the Main Zone down to a depth of 275m, and along 1,350m of east-west strike length for this historic deposit.
In addition, Kivalliq Energy has also appointed Chris Twells as chief financial officer and Andrew Berry as vice president, operations.