Our Story

Kivalliq Energy Corporation was the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands. In 2011, Kivalliq conducted one of the largest exploration programs in its uranium explorer peer group.

Here is a brief summary of the history of Kivalliq's 227,000 acre Angilak Property in Nunavut Territory, Canada.

Timeline

1960's	First exploration in region for unconformity-type uranium deposits
1975	First staking in Angilak area for uranium by Pan Ocean Oil, Noranda Resources Inc. and Urangesellschaft of Canada Ltd ("UG")
1976 - 81	Pan Ocean, Noranda, UG, Comaplex and others conduct regional surveys, discovering over 150 significant uranium occurrences within what is now the consolidated 227,000 acre Angilak Property. Ground work recognizes uranium mineralization at Lac Cinquante (LC). Uranium prices rise from $6/lb to peak of $43/lb in 1978. Pan Ocean spends over $13 million drilling the LC deposit area.
1982	Uranium price drop to $16/lb, Pan Ocean divests its uranium projects and no further work is conducted at LC. LC property is transferred to a company called Aberford Resources, which later quotes in the company's annual report "11.6 Mlb of U3O8 with grades averaging 1.03%" at LC deposit.
1983 - 94	Lac Cinquante claims transferred to series of companies. Chernobyl disaster in 1986 and excess supplies keep uranium prices below $10/lb. Nunavut Tunngavik Incorporated ("NTI") formed in 1993 to manage land and implement NLCA
1995 - 99	Exploration programs are conducted in Kivalliq region by WMC, which was seeking to discover IOCG deposits similar to the prolific Olympic Dam deposit in Australia. Nunavut Territory is formed, including 37,000 sq km of subsurface land parcels of Inuit Owned Lands, "IOL"s, including IOL RI-30
2000 - 07	Uranium prices range wildly, hitting a low of $7/lb in 2000 then rising sharply to an all time high of $138/lb in 2007
2007	NTI announces new pro-uranium policy and expresses interest to partner with exploration companies to conduct uranium exploration on IOL's in Nunavut Territory
2008	NTI and Kaminak Gold Corporation sign landmark uranium partnership to explore IOL RI-30 and surrounding federal mineral claims. Kivalliq Energy Corporation is formed with the express purpose to explore and advance the Angilak Property. Uranium prices recover to $55/lb
	Kivalliq Energy Corporation begins trading on TSX-V in July and commences the first exploration program conducted in over 25 years on the Angilak Property.
2009	Kivalliq conducts an initial drill program at the Lac Cinquante deposit, successfully intersecting mineralization on 13 of 14 drill holes
2010	Lumina Capital participates in a equity financing of Kivalliq Energy in January
	Kivalliq drills over 16,600 metres at Lac Cinquante and surrounding geophysical targets
	Results from drilling and property-wide prospecting program set the stage for an aggressive exploration program in 2011
2011	Kivalliq announces the first NI 43-101 mineral resource for the Lac Cinquante
	Kivalliq announces the 2011 exploration program has commenced in April
	Drilling discoveries include the following new target zones; Western Extension, Eastern Extension, Pulse, Spark; Drilling intersects deepest mineralized interval (327 vertical metres) on the Property to-date at Western Extension zone; RC drilling strategy identifies multiple target zones for follow-up in 2012
	Kivalliq completes 30,000 m of drilling using diamond and RC rigs for the 2011 season as well as 5,400 line km of airborne geophysics and 1,640 line km of ground geophysics. The prospecting program included 274 rock grab samples and 342 soil geochemical samples.
2012	Lac Cinquante resource increases 92% to 27.13 Mlbs at 0.69% U3O8

Print Page