GoviEx Restarts Drilling to Target Shallow Near-Surface Uranium Resources at Madaouela

GoviEx Uranium (TSXV:GXU) has announced that it has started a drilling program with a focus on expanding near-surface uranium mineralization associated with the Miriam Deposit at the company’s Madaouela Uranium Project.
As quoted in the press release:

GoviEx CEO Daniel Major said, “The key objective of this drilling program is to delineate additional mineral resources amenable to lower-cost, open-pit mining. We are testing a possible Southwest extension of the Miriam Deposit and, if successful, may potentially add to its existing mineral resources and could result in prolonging the Madaouela Project’s mine-life beyond that projected in the Company’s 2015 Integrated Development Plan, which has the potential to further optimize the Madaouela Project’s economics.”
The current drilling program is targeting the positive results of the 2016 radon exploration survey, announced November 29, 2016, focused on the area west of the Miriam Deposit. The survey identified a high-priority target zone of approximately one-kilometre wide by five-kilometres long adjacent to and parallel with the Miriam Deposit.
Based on the mining schedule detailed in GoviEx’s 2015 Integrated Development Plan, the Miriam Deposit is planned to be the first of the Madaouela Project’s six deposits to be developed.
The drilling program represents an opportunity for additional project optimization, which is part of the Company’s integrated multi-phase strategy to further advance the fully permitted Madaouela Project, and follows the previously announced appointments of the project finance and uranium off-take advisors.

Click here to read the full press release.