UPDATE: Kivalliq Drops 11.5%, Hits New Yr Lows As Drills New Zone Between Eastern Extension and J4 Zones
Kivalliq Energy Corporation (KIV.V) has hit a fresh year low 23 cents. Today it announced, as part of Phase 1 of the 2013 exploration program, the discovery of radioactive mineralization associated with a geophysical conductor located between, and along strike from, the Eastern Extension and J4/Ray Zones at the 340,268 acre Angilak Property in Nunavut Territory, Canada. "The season has started on an extremely positive note, with the confirmation that a prospective new zone exists between the Eastern Extension and J4 zones that form part of the current Lac 50 Trend inferred resource," stated Jim Paterson, Kivalliq's CEO.
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