GoviEx Uranium Inc (TSX-V:GXU, OTCQB:GVXXF) CEO Daniel Major talked with Proactive's Stephen Gunnion about the company's latest exploration efforts at the Muntanga uranium project in Zambia.
Major outlined the start of the 2025 field season, highlighting a strategic pivot from resource-focused drilling to broader exploration aimed at boosting the project's economics. "We felt it was a great opportunity to go back and start exploring on our properties," he said, noting that previous efforts had concentrated primarily on resource definition.
He explained the team's focus on several zones, including Muntanga East, Dibbwi, and Kariba Valley. The latter has emerged as a compelling target, with early drill holes covering only 3% of the licensed area and indicating significant potential. “There’s a lot of potential here on this project,” Major said, underscoring the excitement around the area’s geological similarities to known mineralised zones.
The company is considering how new discoveries might increase tonnage throughput, extend mine life beyond the current 12 years, and bring economies of scale. "We're currently working on de-bottlenecking the project... both OpEx and CapEx could come down," Major noted.
GoviEx is also leveraging its early presence in Zambia by pegging additional exploration licenses across the country, seeking similar mineralisation signatures beyond Muntanga.
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