Discovery Group

Denver, CO, United States

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Denver, CO, United States
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News Article | May 8, 2017
Site: www.marketwired.com

VANCOUVER, BC--(Marketwired - May 08, 2017) - Kivalliq Energy Corporation (TSX VENTURE: KIV) ("Kivalliq") today announced the acquisition of a dominant land position in one of the largest undeveloped greenstone-iron formation gold belts in Nunavut, Canada. This land package, totalling 408,981.6 hectares and covering 160 kilometres of the Foxe Fold Belt on central Baffin Island, comprises a Mineral Exploration Agreement (MEA) with Nunavut Tunngavik Inc. (NTI); the acquisition of 15 prospecting permits; and a transaction with Commander Resources Ltd. (Commander). "With the acquisition of the Baffin Gold project in Nunavut Territory, we have strengthened our relationship with NTI and we now hold an entire district with proven gold potential," stated Kivalliq Energy CEO Jim Paterson. "Our team will benefit greatly from the significant exploration expenditures from previous operators, which generated extremely high-grade gold numbers at exploration targets that also exhibited potential for significant size and scale. We feel the combination of the Baffin Gold project's key attributes, including: low entry cost; high potential for discovery and expansion of known gold zones; in a mining friendly jurisdiction, make this a highly valuable acquisition for the shareholders of Kivalliq. Our group has multi-decades of experience running successful northern projects and the Baffin Gold Property is a great addition to the Kivalliq portfolio." The Baffin Gold Property is a district-scale land package covering an entire Proterozoic gold belt having geological and structural similarities to multi-million ounce gold mines in the north (i.e. Meadowbank, Lupin) as well as the prolific Homestake Mine in South Dakota. Previous exploration has identified numerous prospects along 140 kilometres of strike length, with high-grade gold occurring in multiple settings: silicate and sulphide iron formation; shear zones and quartz veins hosted in granodiorite, metavolcanics and metasediments. The Baffin Gold Property is comprised of consolidated mineral tenure located approximately 230 kilometres southwest of the community of Clyde River on Baffin Island, in the Qikiqtani region of Nunavut. This property comprises fifteen prospecting permits, six crown mineral claims and three Inuit Owned Land parcels subject to MEA's with NTI. Prior to 2001, exploration and mapping in central Baffin Island focused on base metals. Between 2000 and 2003, the Geological Survey of Canada mapped the western half of the Piling Group and, while no new mineral occurrences were documented, they recognized the area was prospective for several types of mineralization including: zinc-lead in platform carbonates; nickel, copper, cobalt and platinum in layered mafic-ultramafic sills; tin in pegmatitic rocks; and gold in close association with the Bravo Lake ("BLF") and Longstaff Bluff ("LBF") Formations. Gold was first discovered by BHP Billiton and Falconbridge in 2001 during base metal exploration programs, and by 2003 Commander had optioned or staked a large land package similar to Kivalliq's current Baffin Gold Property boundaries. Between 2003 and 2009 Commander operated seasonal field exploration programs costing about $18 million that included: 158 diamond drill holes (19,083 m); two airborne geophysical surveys (GEOTEM and DIGHEM V); four ground geophysical surveys; 2,700 till and soil samples; 4,623 rock (channel and grab) samples. Between 2009 and 2011, AngloGold Ashanti optioned the property and conducted one season of drilling and ground IP surveying. To date, prospecting, mapping and geophysics, followed by drilling, have been very successful in discovering new, high-grade gold zones hosted in a variety of geological settings within the BLF. Most of the drilling completed to date was within 150 metres of surface and focused on following-up surface gold prospects at Malrok (7,221m in 59 holes), and Ridge Lake (7,124m in 67 holes) with limited exploratory drilling at Kanosak (1,960m in 13 holes), Durette (1,784m in 11 holes), and Brent (995m in 8 holes). For tables listing highlights of historic drill hole intercepts and surface sample results, please see: http://www.kivalliqenergy.com/ The Foxe Fold Belt (FFB) is a Proterozoic supra-crustal sequence characterized by upper greenschist to amphibolite facies metamorphism and complex poly-phase deformation. The Baffin Gold Property is centered on the Bravo Lake Formation (BLF), an east-west trending, metavolcanic-sedimentary belt located along the southern edge of Piling Group rocks within the FFB. Prospective gold-bearing zones within the Bravo Lake formation are generally shallow dipping and extend 140 kilometres inland from tidewater into central Baffin Island. High-grade gold occurrences have been identified in three separate iron formation units, within quartz veins in volcanic and sedimentary units of the BLF; and in shear zones within younger intrusions. At least three structural settings controlling gold mineralization have been identified to date: Gold occurs primarily as free gold, associated with arsenopyrite and disseminated within quartz veins. Petrographic work indicates a strong, mineralizing system having either two mineralizing events or a protracted period of gold mineralization. The Kanosak, Ridge, Malrok, and Durette zones are the most advanced prospects within the BLF and represent the range of mineralization and structural analogues within the BLF. These will help guide future exploration programs covering the rest of the property. Kivalliq exploration efforts will target near surface gold in BLF iron formation, greenstone-metasediment hosted quartz veins, similar to other gold deposits in the Nunavut and Northwest Territories, and particularly the prolific Proterozoic aged Homestake Mine in South Dakota. Exploration priorities include an immediate review, compilation and reinterpretation of all geological and exploration data, to develop integrated structural, geophysical and geochemical models targeting the untapped potential of this extremely prospective gold belt. Final plans and budgets for the Baffin Gold Property will be disclosed after a review of existing data has been completed. Initial field work being planned for the summer of 2017 will systematically explore the BLF gold belt and ground truth newly developed models. The program will infill earlier datasets and prioritize un-sourced gold anomalies in till, soil and boulders. Future drilling will further assess known prospects, new structural targets, untested areas of outcropping mineralization and blind targets in covered areas based on till geochemistry and geophysics. As part of Kivalliq's consolidation of mineral tenure in the Qikiqtani Region, Kivalliq has, subject to receipt of all necessary approvals, acquired an option to earn 100% of Commander's Baffin Gold Property which includes 6 mineral claims (5,948 hectares) and a recently signed MEA with NTI on two blocks within Inuit Owned Lands (8,105 hectares). Upon execution of, and pursuant to the terms of the Baffin Gold Property Option Agreement: Terms of MEA's on Inuit Owned Land with Nunavut Tunngavik Inc. Three parcels within Kivalliq's Baffin Gold Property are subject to Mineral Exploration Agreements (MEA's) with NTI, granting exclusive rights to explore for, develop and mine minerals on approximately 72,638 hectares of IOL parcel BI-35 on Baffin Island in the Qikiqtani Region of Nunavut. Under terms of the MEA's on IOL RI-35, NTI will receive: For Baffin Gold Property maps and tables please visit our website: http://www.kivalliqenergy.com/ Kivalliq has not performed any exploration on the Baffin Gold Property to date. Exploration results by Commander and previous explorers reported herein are historic in nature and although not verified by Kivalliq, this work was carried out by knowledgeable explorers using acceptable industry practices at the time. Jeff Ward, P.Geo., President of Kivalliq and a Qualified Person for Kivalliq, has reviewed and approved the scientific and technical information contained in this release. Kivalliq Energy Corporation (TSX VENTURE: KIV) is a Vancouver-based company with a portfolio of high-quality uranium and precious metal exploration projects in Canada. In addition to the new Baffin Gold Property, Kivalliq holds Canada's highest-grade uranium resource outside of Saskatchewan. The Company's flagship project, the 89,852 hectare Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. Kivalliq's comprehensive exploration programs continue to demonstrate the "District Scale" potential of the Angilak Property. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please refer to Kivalliq's news release of March 1, 2013. In Saskatchewan, Kivalliq holds a 100% interest in the 13,711 hectare Hatchet Lake Property adjacent to the north-eastern margin of the highly prolific uranium-producing Athabasca Basin. Compilation of results from previous exploration by Hathor Exploration Limited and Rio Tinto have identified multiple, priority unconformity-related basement targets at Hatchet Lake that were followed up in 2015. Kivalliq also holds a 100% interest in the 131,412 hectare Genesis Property located northeast of Saskatchewan's Athabasca Basin, with Roughrider Exploration Limited funding the current exploration program pursuant to an option to acquire up to an 85% interest in the property. This highly prospective project is located along the Wollaston-Mudjatik trend and extends 90 kilometres northeast from Wollaston Lake to the Manitoba border. Kivalliq's team of northern exploration specialists has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. Kivalliq was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement. On behalf of the Board of Directors For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at info@kivalliqenergy.com. Kivalliq Energy Corporation is a member of the Discovery Group of Companies, for more information please visit: www.discoverygroup.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain disclosures in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Other than as required by applicable securities legislation, Kivalliq expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.


Catuneanu O.,University of Alberta | Bhattacharya J.P.,University of Houston | Blum M.D.,ExxonMobil | Dalrymple R.W.,Queen's University | And 19 more authors.
First Break | Year: 2010

Sequence stratigraphy emphasizes changes in stratal stacking patterns in response to varying accommodation and sediment supply through time. Certain surfaces are designated as sequence or systems tract boundaries to facilitate the construction of realistic and meaningful palaeogeographic interpretations, which, in turn, allows for the prediction of facies and lithologies away from control points. Precisely which surfaces are selected as sequence boundaries varies from one sequence strati-graphic approach to another. In practice, the selection is often a function of which surfaces are best expressed, and mapped, within the context of each case study. This high degree of variability in the expression of sequence stratigraphic units and bounding surfaces requires the adoption of a methodology that is sufficiently flexible to accommodate the wide range of possible scenarios in the rock record. We advocate a model-independent methodology that requires the identification of all sequence stratigraphic units and bounding surfaces, which can be delineated on the basis of facies relationships and stratal stacking patterns using the available data. Construction of this framework ensures the success of the method in terms of its objectives to provide a process-based understanding of the stratigraphic architecture and predict the distribution of reservoir, source-rock, and seal facies. © 2010 EAGE.


Miller M.,Cimarex Energy Company | Shanley K.,Discovery Group
Leading Edge (Tulsa, OK) | Year: 2010

Unconventional gas resources con-tinue to be a growing part of the total gas production in the United States and have captured the interest of energy firms around the world. Unconventional resources comprise three major categories; tight-gas sand-stones (low-permeability), shale gas, and coal-bed methane. Tight-gas reservoirs currently comprise approx-imately 35% of the uncon-ventional gas production in the U.S. Lower 48 (Wood Mackenzie's Unconventional Gas Service). © 2010 Society of Exploration Geophysicists.


News Article | February 27, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--Robins Kaplan LLP® announced today that it has been appointed litigation co-counsel to the Chapter 7 Trustee for ITT Educational Services, Inc. and its affiliated debtors. The firm has been retained in connection with the investigation and prosecution of ITT claims against ITT’s former directors and officers (D&O claims). The Trustee selected Robins Kaplan based on the firm’s successful record in high-stakes trial practice and in major bankruptcy matters. Robins Kaplan currently serves as counsel to the Corinthian Distribution Trust, established for the benefit of the stakeholders in the bankruptcy cases of Corinthian Colleges, Inc., the largest for-profit post-secondary education provider to file for Chapter 11 reorganization. Robins Kaplan also represented the Official Student’s Committee and the Official Corinthian Student Creditors Trust while H. Jeffrey Schwartz, co-chair of Robins Kaplan’s Restructuring and Business Bankruptcy Group, served as lead counsel to the Official Committee of Unsecured Creditors of Corinthian Colleges. “Robins Kaplan and its attorneys have demonstrated knowledge in investigating and asserting estate causes of action in the for-profit education sector as demonstrated by the four Corinthian representations,” said Schwartz. “ITT was one of the country’s largest for-profit education companies holding a total enterprise value of approximately $5 billion at its peak during the close of the third quarter of 2007. We look forward to working with the Trustee to efficiently and aggressively pursue all D&O claims in an effort to recover stakeholder value.” H. Jeffrey Schwartz, as well as Robins Kaplan partners Ronald J. Schutz, chair of the National IP and Technology Litigation Group, managing partner of the New York office, and member of the firm’s Executive Board; Michael A. Collyard, founder and chair of the firm’s E-Discovery Group; and Richard B. Allyn will lead the engagement with ITT. Robins Kaplan’s Restructuring and Business Bankruptcy Group is a national leader in representing debtors and creditors’ committees, as well as other constituents, including investors, lenders, and indenture trustees, in corporate restructuring and business bankruptcy cases. ITT’s bankruptcy case is pending in the United States Bankruptcy Court for the Southern District of Indiana (Case No. 16-07207-JMC-7A). Robins Kaplan is among the nation’s premier trial law firms, with more than 220 lawyers located in Bismarck, N.D.; Boston; Los Angeles; Minneapolis; Naples, Fla; New York; Silicon Valley; and Sioux Falls, S.D. The firm litigates, mediates, and arbitrates high-stakes, complex disputes, repeatedly earning national recognition. Firm clients include—as both plaintiffs and defendants—numerous Fortune 500 corporations, emerging-markets companies, entrepreneurs, and individuals.


News Article | February 15, 2017
Site: www.marketwired.com

Not For Distribution To United States Newswire Services Or For Dissemination In The United States Kivalliq Energy Corporation (TSX VENTURE: KIV) ("Kivalliq") today announced, in connection with the $1.0-million payment from Sandstorm Gold Ltd., subject to certain conditions, in return for Kivalliq granting to Sandstorm a royalty portfolio on certain Kivalliq projects, principally a 1-per-cent net smelter return (NSR) royalty payable on all mineral products produced from the Angilak property uranium project in Nunavut, Canada, (see Kivalliq news release January 16, 2017), Kivalliq has agreed to pay a referral fee. As compensation for its role in facilitating the transaction between Kivalliq and Sandstorm, Kivalliq has agreed to pay a third party a referral fee of up to C$60,000.00 and issue up to 750,000 warrants, exercisable at a price of $0.15 for a period of 60 months, representing 6% cash and 6% warrants of the equivalent of 12,500,000 units as a referral fee. This fee is consistent with the previously announced fees paid in connection with the Kivalliq financing (See Kivalliq news release January 16, 2017). Kivalliq Energy Corporation (TSX VENTURE: KIV) is a Vancouver-based company with a portfolio of high-quality uranium exploration projects in Canada. Kivalliq holds Canada's highest-grade uranium resource outside of Saskatchewan. The Company's flagship project, the 89,852 hectare Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. Kivalliq's comprehensive exploration programs continue to demonstrate the "District Scale" potential of the Angilak Property. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please refer to Kivalliq's news release of March 1, 2013. In Saskatchewan, Kivalliq holds a 100% interest in the 13,711 hectare Hatchet Lake Property adjacent to the north-eastern margin of the highly prolific uranium-producing Athabasca Basin. Compilation of results from previous exploration by Hathor Exploration Limited and Rio Tinto have identified multiple, priority unconformity-related basement targets at Hatchet Lake that were followed up in 2015. Kivalliq also holds a 100% interest in the 200,909 hectare Genesis Property located northeast of Saskatchewan's Athabasca Basin, with Roughrider Exploration Limited funding the current exploration program pursuant to an option to acquire up to an 85% interest in the property. This highly prospective project is located along the Wollaston-Mudjatik trend and extends 90 km northeast from Wollaston Lake to the Manitoba border. Kivalliq's team of northern exploration specialists has forged strong relationships with sophisticated resource sector investors and Angilak Property partner Nunavut Tunngavik Inc. (NTI). Kivalliq was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement. On behalf of the Board of Directors Kivalliq Energy Corporation is a member of the Discovery Group of Companies, for more information please visit www.discoverygroup.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain disclosures in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Other than as required by applicable securities legislation, Kivalliq expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.


Shanley K.W.,Anadarko Petroleum Co. | Cluff R.M.,Discovery Group
AAPG Bulletin | Year: 2015

In many tight-gas basins of the western United States distinguishing between productive and non-productive low-permeability sandstones, and predicting relative amounts of gas and water production is difficult. Comparison of gas shows, calculated water saturations, and saturation-height profiles between gas-productive and non-productive sandstones of equal reservoir quality all appear similar. Capillary pressure derived height functions are difficult to apply, and classic rock-typing procedures lack the predictive capability that is common to more traditional reservoirs. Basin reconstructions suggest the timing of petroleum charge and migration preceded maximum burial and uplift. This initial charge was likely a primary drainage displacement with reservoir porosity greater by a factor of 2-3 relative to values found today and permeability greater by 1-3 orders of magnitude. These reservoir systems became low-permeability following initial charge reflecting continued diagenesis throughout burial, subsequent uplift and erosion. With burial, decreasing pore volume caused water saturations and gas columns to increase. During uplift and erosion gas columns adjusted to changing structural configuration. In some cases this led to gas accumulations being leaked and spilled. In other cases, structural readjustment resulted in capillary imbibition and, in some cases, secondary (or higher order) drainage and imbibition. Within trapped accumulations, gas expansion upon uplift further increased gas columns. In cases where gas columns were spilled or within migration pathways imbibition led to residual or near-residual water saturations. Conventional formation evaluation is fundamentally rooted in concepts associated with primary drainage displacement. Tight-gas reservoirs that have experienced late uplift following an earlier phase of charge are unlikely to be characterized by primary drainage and are much more likely to be characterized by imbibition or secondary (or higher order) drainage and possibly imbibition. The hysteresis between primary drainage and imbibition or secondary (or higher order) drainage and imbibition in tight-gas reservoirs is significant and unlike many more traditional reservoirs does not tend to converge on a narrow range of values. Estimates of water saturation are scalar values and do not contain information that allows the saturation history and displacement direction to be deciphered. Recognition that reservoirs are unlikely to be in primary drainage equilibrium is a fundamental paradigm shift that impacts petroleum evaluation at all scales ranging from basin potential to completion decisions within a given well. Although this paper is written from the perspective of tight-gas petroleum systems, the principles are equally applicable to low-permeability oil reservoirs. © 2015. The American Association of Petroleum Geologists. All rights reserved.


Whittaker S.D.,Discovery Group | Sharma R.,Discovery Group | Hallau D.,Discovery Group | Lewis J.P.,Intrepid Potash | Cluff R.M.,Discovery Group
Proceedings of the Symposium on the Application of Geophyics to Engineering and Environmental Problems, SAGEEP | Year: 2010

Prior studies of gamma-ray tools have all been focused around instruments that typically evaluate sandstone, shale, and limestone formations that are encountered in oilfield logging. For this study, a set of experiments were conducted to characterize the lateral and vertical response functions for a slim-hole gammaray sonde used in the mining industry to locate potash mineral deposits. The experiments were conducted in an indoor warehouse environment utilizing a set of large plastic tanks that were filled with light evaporite minerals (granular halite and sylvite) in differing arrangements to simulate various possible formation configurations. Measurements were taken while using a centralized slim-hole gamma ray tool in an air filled 4.5 inch plastic borehole. Sequential tests were run to establish the linearity of tool response, the radial depth of investigation, the vertical response function, and the repeatability of the measurement. Radial depth of investigation was measured using concentric radioactive rings of increasing diameter with two possible intermediary substances, air and halite. To test vertical response a column structure was built using halite as the bottom & quot;bed & quot; and a sylvite layer was systematically added in known quantities to acquire a response function of increasing thicknesses. Repeatability of the measurements was verified by logging several points with multiple tools of the same model for all the various experimental setups. Results were corrected for background radiation to predict the response in solid subsurface conditions without incident surface radiation seen in the experiments. The findings were also corrected for the differences between low porosity subsurface conditions and the unconsolidated granular products that were used in the simulated formation. The experimental results were surprisingly close to theoretical tool response for an oil field sonde, as well as to published specifications of major oilfield logging vendor's tools. Consequently, gamma-ray logs collected with a slim-hole tool in shallow mineral core holes should be directly comparable to oilfield gamma-ray tools run in open-hole wellbores, once corrections for borehole size and fluid content using best practices are applied.

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