Vancouver, BC, August 23, 2016 -- Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") and Kivalliq Energy Corporation (TSX-V: KIV) ("Kivalliq") -- today announced results of an integrated analysis of fixed-wing Falcon Airborne Gravity Gradiometer (AGG) and total field magnetic surveys undertaken over select areas of interest at the Genesis Property uranium project in northeast Saskatchewan. The analysis work was undertaken by Condor Consulting Inc. ("Condor"), recognized experts in the field of integrated exploration.
A total of twenty gravity targets were identified and prioritized based on the integration of the 2016 AGG data with results from a 2015 compilation by Condor (reported in a news release on February 16, 2016) of electromagnetic, magnetic, radiometric, geochemical, biogeochemical and geological data sets. The majority of the gravity targets were identified in the Jurgen and Johnston areas, with nine and seven targets respectively.
"We are very pleased with the progress that has been made on the Genesis Property since Roughrider and Kivalliq began exploring there outside the Athabasca Basin in 2014," commented Roughrider's VP Exploration, David Tupper. "Together we have identified numerous priority targets for basement-hosted uranium along the previously underexplored extension of the very prospective Mudjatik-Wollaston Transition Zone."
Gravity targets, including the two highest priority targets, are spatially associated with the Jurgen 1 and Jurgen 2 target zone corridor where previous work has identified anomalous uranium soil geochemistry, biogeochemistry, boulder samples and radiometrics coincident with multiple electromagnetic conductor trends.
For maps showing Condor's compilation, target zones, and the location of FALCON airborne gravity grids please visit http://www.roughriderexploration.com/s/genesis.asp
The 2016 AGG and magnetics survey, performed by CGG Canada Services Ltd., was divided into five separate grids providing coverage over the Jurgen, Johnston/GAP, Daniel's Bay, Melnick and Kingston priority target areas. Flight lines were flown at 200 metre spacing for a total of 1,677 line-kilometres. The gravity target zones identified based on the 2016 AGG data have low to moderate amplitudes (-0.1 to -0.3 mGal) relative to the model adopted for the analysis. Gravity target zone selection was determined by Condor using a target model based on known uranium deposits in the Athabasca Basin. Target zones are characterized by gravity low responses associated with coincident steep magnetic gradients and breaks in electromagnetic conductor trends, which can represent alteration associated with uranium mineralization.
As previously reported by Roughrider May 27, 2016, Saskatchewan Mineral Dispositions MC2080, MC2081 and MC2082 were acquired by purchase from an arm's length party. With acquisition now complete, the new claims add 232 hectares within the boundary of the Genesis project, filling key holes in the Johnson-GAP area.
David W. Tupper, P.Geo., V.P. of Exploration and a Qualified Person under National Instrument 43‐101 has reviewed and approved the technical information contained in this release.
About Roughrider Exploration Limited
Roughrider's focus is exploring the 200,909 hectare (495,883 acre) Genesis uranium project located in the Wollaston-Mudjatik geological trend extending northeast from Saskatchewan's Athabasca Basin. Roughrider has the option to earn an 85% interest in Genesis from Kivalliq Energy Corporation.
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