The last four holes are now complete, including a step-out hole that intersected radioactivity 500mt west of the Lac Cinquante Uranium Deposit. The Phase 2 drill program is anticipated to commence in the third week of June.

All 13 holes drilled during Phase 1 intersected altered tuff, the host geology at the Lac Cinquante main zone. Eleven of 13 holes drilled during Phase 1 (85%) intersected anomalous radioactivity, down hole widths ranging from 0.3 to 14.8mt.

Step-out hole 10-LC-013 intersected a 2.0mt wide radioactive zone, 500mt west and along trend from the Lac Cinquante Uranium Deposit. All four final drill holes intersected anomalous radioactivity within the host tuff unit, down hole widths ranging from 0.3 to 2.6mt.

To determine geological controls, the first nine holes were focused on 25mt infill drilling within the eastern portion of the historic resource area. Holes 10-LC-010 through 10-LC-012 were drilled at the western end of the historic resource, along a fence 50mt west and down plunge of uranium mineralization encountered in holes 09-LC-012 and 09-LC-013 drilled last year. Radioactive widths ranged from 0.3mt to 2.6mt, between 110mt and 175mt vertical depth.

The step-out hole 10-LC-013, which is collared 650mt west of 10-LC-012. This hole tested a geophysical response along trend and similar to Lac Cinquante, approximately 500mt west of the known resource area. Hole 10-LC-0013 intersected Lac Cinquante-style mineralization with counts up to 10,000 count per second (CPS), over 2mt width and at a vertical depth of 95mt.

Split core samples from the last four holes, with maximum radioactivity levels up to 30,000 CPS, have been sent to Saskatchewan Research Council Geoanalytical Laboratories (SRC) for analysis. This brings the total number of new drill holes sent for uranium analysis to eleven.

John Robins, president, director and CEO of Kivalliq Energy, said: “We are extremely encouraged by the Phase 1 drilling. Intersecting Lac Cinquante–style mineralization more than half a kilometre to the west, clearly demonstrates the potential to expand this historic resource and make new discoveries at Angilak.”