- GoviEx (GXU) announces drill program on Mutanga Project, Zambia
- GoviEx has planned an 8000-metre down-hole percussion drilling program
- One objective of the program is to upgrade the mineral resource associated with the Dibwe East deposit from an Inferred to an Indicated category
- Another objective of the program is to undertake exploration drilling on three trenches on strike and to the east of Dibwe East
- GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa
- GoviEx Uranium Inc. (GXU) is up 6.03 per cent and is trading at C$0.31 at 2:39 pm ET
GoviEx Uranium Inc. (GXU) has executed a drilling contract with Hydro Tech Drilling & Exploration (Z) LTD.
GoviEx will undertake exploration and resource delineation drilling programs focused on its Mutanga Uranium Project in Zambia.
“The project benefits from elementary and straightforward operations due to low-waste stripping, low acid consumption and potentially one of the lowest capital expenditure requirements of its African peers needed to get into production,” said Daniel Major, Chief Executive Officer.
Considerable metallurgical test work has already been undertaken to a pre-feasibility study standard, providing considerable confidence on the process route considered,” added Major.
GoviEx has planned an 8000-metre down-hole percussion drilling program, focussed on the Dibwe East deposit and new areas defined by previous trench sampling east of Dibwe East.
One objective of the program is to upgrade the mineral resource associated with the Dibwe East deposit from an Inferred to an Indicated category.
This will allow its inclusion in a Feasibility Study, and drilling will be carried out based on a 100 meter by a 50-metre grid to an average depth of 110 metres.
The Dibwe East deposit currently contains 43.1 Mt of ore at an average grade of 304 ppm U3O8 for 28.9 Mlb U3O8.
Another objective of the program is to explore drilling on three trenches on strike and east of Dibwe East. These trenched have previously shown anomalous uranium.
Hydro Tech is a Zambian-based drilling company specializing in groundwater and exploration drilling and has been operating for seven years.
Terratec Geophysical Services Namibia will provide down-hole logging services including, calibrated gamma log, used to estimate the uranium grade, hole deviation and conductivity log, to interpret the geology.
In addition, the company will start the installation of water points in the nearby village of Hachibozu, which will include drilling a water well and installing a wind pump and a water tank.
This is part of GoviEx’s CSR program and aims to help facilitate access to water within the village.
GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa.
GoviEx Uranium Inc. (GXU) is up 6.03 per cent and is trading at C$0.31 at 2:39 pm ET.
