The assay results from drill hole 10-NE-001 at the new zone yielded two distinct intervals of significant U3O8 mineralization that include 0.83% U3O8 over 1.4m, in altered sulphidic tuff, starting at 33.9m 0.66% U3O8 over 2.4m, in brecciated basalt, starting at 72.3m.
An important component of the 2010 exploration program was to identify possible deposit analogues through exploratory drilling and prospecting.
10-NE-001 was one of the last holes of the season, testing a separate geophysical conductor 1.8km west of Lac Cinquante.
This target was drill tested with one hole based on Kivalliq’s increased understanding of the mineralization at the Lac Cinquante Main Zone and results from the 2010 summer prospecting program.
Hole 10-NE-001 was inclined at -45 degrees and drilled to the northeast with an azimuth of 35 degrees.
The hole intersected two radioactive zones at 25m and 50m vertical depth. The shallowest zone includes altered, sulphidic tuff hosting Lac Cinquante-style uranium mineralization; the deeper zone is an interval of altered basalt and breccia, with pitchblende-quartz-carbonate veining.
Since 2009, a total of four exploratory holes have been drilled outside of the Lac Cinquante Main Zone.
Two of these (10-NE-001 and 10-LC-013) intersected potentially ore grade intercepts within the favorable Lac Cinquante stratigraphy.
