Vancouver, BC, February 16, 2016 -- Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") and Kivalliq Energy Corporation (TSX-V: KIV) ("Kivalliq") -- today announced results of an integrated assessment of geophysical, geological and geochemical data from select areas of interest at the Genesis uranium property in northeast Saskatchewan. The work was undertaken by Condor Consulting Inc. ("Condor"), recognized experts in the field of integrated exploration.
Roughrider's Vice President of Exploration, David Tupper, reports that "the work by Condor provides a technically sound focus for ongoing exploration at the Genesis property. This work adds significant drill targeting information to the Genesis project through its integrated and systematic interpretation of the broad range of data we have compiled to date."
The compilation and interpretation carried out by Condor focussed on four areas in the northeast portion of the Genesis property: Jurgen, Daniel's Bay, Kingston-Johnston-GAP and Melnick. Within these four areas, thirty-one individual target zones have been identified, of which sixteen will be evaluated as part of the FALCON airborne gravity gradiometer survey currently underway (see news release February 1, 2016). Four of Condor's highest priority target zones that fall within the gravity survey area are:
- Jurgen (J-TZ1): Electromagnetic (EM) conductors are spatially associated with an elevated radiometric response and an anomalous boulder sample result (1.41% U3O8; reported December 1, 2014). The Jurgen area remains the most prospective on the property, hosting 12 of the 31 target zones, including J-TZ2 (Jurgen 2) and J-TZ3 (Jurgen 1);
- Kingston (K-TZ1): EM conductors trend along a regional geologic contact that is also coincident with a magnetic low, and lake sediments having anomalous uranium and several anomalous radiometric responses;
- Daniels Bay (DB-TZ1): Enzyme leach soil and rock geochemical anomalies are spatially associated with medium to strong northeast to east-west trending EM conductors and a magnetic domain boundary;
- Melnick (M-TZ1): A north-south strike-slip fault intersects a conductive contact along the boundary of a low magnetic response, coincident with a trend of uranium in lake sediments.
For a map showing Condor's compilation, target zones, and the location of FALCON airborne gravity grids please visit http://bit.ly/InterpFeb16
In its assessment of the Jurgen, Kingston/Johnston/GAP, Daniel's Bay and Melnick areas, Condor conducted comprehensive processing and analysis of airborne surveys flown over Genesis in 2006, 2007 and 2014 (VTEM by Geotech and magnetics, DIGHEM EM, radiometrics by Fugro). Multiple other data sets that include recent and historic radiometric, soil, vegetation and boulder sampling were also incorporated in the interpretation. Condor's work resulted in a detailed "GeoInterp" which will be used for future geological and structural interpretation.
Exploration conducted on the Genesis Property during 2014 and 2015 by Roughrider and Kivalliq has successfully demonstrated the existence of numerous high priority targets for basement hosted uranium in the previously under-explored terrain to the east of the Athabasca Basin. The companies plan to continue refining and upgrading existing targets while still seeking new ones throughout this large landholding.
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 200,677 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.
For further information, please contact: Scott Gibson
Chief Executive Officer
604 697‐0028
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