The initial exploration program at the 13,711ha Hatchet Lake property was commenced by moving crews to Points North/project area in the first week of this month.
Kivalliq will focus on several unconformity-associated basement targets based on results from more than $750,000 in earlier exploration undertook by Hathor Exploration and Rio Tinto Canada Uranium.
The planned program, which is expected to cost C$500,000, includes prospecting, mapping, geochemical sampling and ground geophysics to identify airborne geophysical signatures in priority target areas.
Kivalliq Energy president Jeff Ward said: "Our primary goal is to advance targets to drill readiness through a combination of follow-up geochemical and geophysical surveys covering two priority areas.
"Hatchet Lake’s proximity to one of the world’s premier uranium mining and milling districts, the recent acquisition of high quality data available from previous operators Hathor and Rio Tinto, and logistical synergies with exploration on the nearby Genesis Property, all combine to make Hatchet Lake an excellent addition to Kivalliq’s portfolio."
Kivalliq Energy holds a portfolio of uranium exploration projects in Canada. The company’s 105,280 ha Angilak property in Nunavut territory, hosts the inferred resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8.
