ValOre begins drilling at Kivalliq-based uranium project

ValOre drilled seven holes at Angilak property and found radioactive activity, release states

The Angilak project, seen through its campsite here, found radioactivity in the seven holes it recently drilled, according to a recent company news release. (Photo courtesy of ValOre)

By David Lochead

ValOre Metals Corp. began its uranium-drilling season in Nunavut by announcing the results of seven holes drilled at its Angilak property, according to a company news release.

Multiple zones of radioactivity were found at Angilak property. It is located 350 kilometres west of Rankin Inlet and 225 kilometres west of Baker Lake.

“[It’s] very, very significant,” Jim Paterson, the chairman and chief executive officer of ValOre, said of the results.

With the four zones that have  been drilled all resulting in radioactivity, it means ValOre knows it is in the right spot, he added.

Paterson said that by finding the right place to drill, ValOre can make more holes and get to the valuable material: uranium.

Angilak, which means “biggest” in Inuktitut, is a radioactive zone that has been owned by ValOre since 2008, when the company was called Kivalliq Energy Corporation.

Nunavut Tunngavik Inc. signed a deal with ValOre in 2008 because some of the company’s property is on Inuit-owned land. As part of that deal, if ValOre gets to the production stage, NTI can decide whether it wants participating interest in the project or to collect royalties.

Paterson said that ValOre has previously consulted with the communities near the project, which include Baker Lake, Rankin Inlet and Arviat.

If there is a need to increase the size of the Angilak project, ValOre will let communities know they will be hiring, Paterson said.

He added that he understands there are 12 people from Nunavut hired onto the project currently, and 30 from the south.

ValOre’s current drilling work is the first time the company has done it since 2016 because the uranium market has been too poor, Paterson said. But he added that with more nuclear reactors being built around the world the interest from investors in uranium has returned.

In terms of community concerns surrounding radioactive waste and spills, Paterson emphasized that ValOre is an exploration company and not actively mining uranium.

He added that once the project does develop, there is clear communication in what waste might be generated and how it will be dealt with.

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(6) Comments:

  1. Posted by Wait a minute… on

    Inuit aren’t cool with an iron mine on their land due to the ecological impacts, but a uranium mine is A-OK?

    Do Inuit know that GOOD uranium ore is ore that contains only 0.03% uranium? And excellent quality uranium being a whopping 0.1%

    You’re down with radioactive mining for that?

    Man, your priorities are whack!

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    • Posted by MickyMousee on

      Theres always uneducated people and haters and the save the wale type of people always willing to stop progress and block economic projets

  2. Posted by frank on

    “lak” is baby talk, its “laaq” angilak isnt a proper word, angailaaq. but since its already written like that, angilak, its always going to be written that way now.

  3. Posted by Sam on

    Let the whack jobs come forward, evil mining company’s, gimme, gimme,

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  4. Posted by John K on

    This is great news.

    There is no alleviating climate change without nuclear power.

    11
  5. Posted by Paul iblauk on

    Wonder if small camp call bunny lake still open for that …300plus miles from arviat toward inland west..

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