UPDATE: Kivalliq Energy Corp Provides Nunavut Update; Shares Up 8%

By Midnight Trader,  January 16, 2013, 09:54:04 AM EDT

Kivalliq Energy Corporation (KIV.V) announced a "significant" increase in the NI 43-101 compliant Mineral Resource estimate for the Lac 50 Trend uranium deposits, located within Kivalliq's 340,268 acre Angilak Property in Nunavut, Canada. Kivalliq has received a summary report that describes an Inferred Mineral Resource Estimate of 2,831,000 tonnes grading 0.69% U3O8 (15.2 lbs U3O8/tonne), totalling 43.3 million lbs U3O8 at a 0.2% U3O8 cut-off grade. This is a 60% increase over the previous Resource Estimate of 27.1 million pounds.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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