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GoviEx Uranium granted the Agaliouk Exploration Permit in Niger
Nov. 15, 2017 09:36AM PST
Energy InvestingGoviEx Uranium (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx” or “Company”) is pleased to announce that further to its news release of February 1, 2016, where the Company announced that the renewal application for Agaliouk exploration tenement adjacent to the current boundaries of the Madaouela Project in Niger had not been approved at that time, the Company …
GoviEx Uranium (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx” or “Company”) is pleased to announce that further to its news release of February 1, 2016, where the Company announced that the renewal application for Agaliouk exploration tenement adjacent to the current boundaries of the Madaouela Project in Niger had not been approved at that time, the Company now has been granted the Agaliouk Exploration Permit.
The Agaliouk Exploration Permit adds 11.67 million pounds (Mlb) U3O8 in the Measured and Indicated categories (of which 5.96 Mlb U3O8 relates to the open-pit amenable Miriam Deposit) and 9.35 Mlb U3O8 in the Inferred category to the Madaouela Project’s mineral resource statement relating to the Miriam, MSEE, and La Banane deposits. The mineral resource statement for the Madaouela Project now reflects aggregate mineral resources of 110.76 Mlb U3O8 Measured and Indicated and 27.66 Mlb U3O8 Inferred.
GoviEx’s Founder and Chairman Govind Friedland stated:
“On behalf of GoviEx and all local and international stakeholders, we warmly welcome the Niger Government’s issuance of the Agaliouk Exploration Permit to GoviEx, as approved by Nigerien Parliament, in support of the Company’s continued efforts in advancing the Madaouela Project towards commercial production.”