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The distribution of Inferred Mineral Resources in the different zones within the Lac 50 Trend is listed below in Table 3.
Table 3: Inferred Mineral Resource Estimate for Lac 50 Trend by Zone(0.2% U3O8 cut-off)--------------------------------------------------------------------------- Tonnes U3O8 Ag Mo Cu (T x U3O8 Ag Mo Cu (M (oz x (M (MZone 1000) (%) (g/t) (%) (%) lbs) 1000) lbs) lbs)---------------------------------------------------------------------------Lac 50 Main 892 0.83 13.5 0.23 0.17 16.2 387 4.5 3.3---------------------------------------------------------------------------Lac 50 Western Extension 709 0.51 17.5 0.04 0.33 7.9 399 0.7 5.2---------------------------------------------------------------------------Lac 50 Eastern Extension 304 0.57 20.1 0.17 0.28 3.8 197 1.1 1.9---------------------------------------------------------------------------J4 Upper 592 0.70 23.3 0.15 0.28 9.1 443 1.9 3.7---------------------------------------------------------------------------J4 Lower 258 0.94 45.8 0.28 0.24 5.3 379 1.6 1.4---------------------------------------------------------------------------Ray 76 0.53 29.9 0.37 0.1 0.9 73 0.6 0.2---------------------------------------------------------------------------Total 2,831 0.69 20.6 0.17 0.25 43.3 1878 10.4 15.6---------------------------------------------------------------------------Note:- Contained metal values may not add due to rounding.
Kivalliq has drilled 449 core holes totalling 75,782 metres on the Angilak Property over the past four years. Sixteen were completed in 2009, 107 holes in 2010, 153 holes in 2011, and 173 during the 2012 field season. Of these, 335 NQ-size holes totalling 59,716 metres were dedicated to delineating the Lac Cinquante (Main, East and Western Extension Zones), J4 and Ray deposits, which have been used in the generation of the mineral resource estimate.
The distribution of the inferred resource above the 0.2% U3O8 cut-off at Lac Cinquante, J4 and Ray is shown in images at http://kivalliqenergy.com/projects/angilak/program_images/.
The resource models are constrained within 3-dimensional domains representing the mineralized portion of the host mafic tuff and shear zones. Drill hole samples are composited to the full width of the zone and true thicknesses are determined for each drill hole intercept. At Lac Cinquante, blocks in the model measure 5x5x5 metres in size whereas at J4 and Ray, blocks in the model are 5x3x3 metres. Only the portion of those model blocks within the mineralized domain is included in the final resource estimate. The method used for the estimation of U3O8 grade is ordinary kriging using length-weighted composited drill hole intervals. Estimates for Ag, Mo and Cu utilize the inverse distance weighting (ID2) interpolation method.
Resource tonnages are calculated using a bulk density database containing 1,579 samples that were collected during the 2010, 2011 and 2012 drilling programs. Samples were composited to the full width of the mineralized domain and bulk densities at Lac Cinquante range from 2.35 t/m3 to 3.77 t/m3 with a mean of 2.85 t/m3. Bulk densities at J4 and Ray range from 2.52 t/m3 to 3.52 t/m3 with a mean of 2.84 t/m3. Estimates of bulk density were made using the inverse distance weighting (ID2) interpolation method. All mineral resources are classified in the inferred category. Model blocks are included in the inferred category if they form relatively continuous zones of mineralization within a maximum distance of 50 metres from a drill hole intercept.
