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Kiplin Metals Completes Mobile MT Survey at the Lloyd Lake Project in the Athabasca Basin

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Kiplin Metals (KIP.V) on Thursday said it completed a heliborne Mobile MagnetoTellurics (Mobile MT) survey over its Lloyd Lake uranium Project, just south of the Athabasca Basin in northern Saskatchewan.

The survey covered a total of 436 line-kilometers with 100-meter line spacing, the company said.

The survey data "clearly delineated" the primary exploration zone, a northeast trending multi-kilometer long magnetic low, interpreted as a subsurface fault or fold, Kiplin said.

"We intend to use the results of this survey and historic data compilation to define priority drill targets on the property," said Chief Executive Officer Rob Gamley.

The company's shares were last seen down C$0.04, or 16%, to C$0.21 on the TSX Venture Exchange.

Price: $0.21, Change: $-0.04, Percent Change: -16.00%

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