GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) has announced that it is set to begin a 2022 drill program at its polymetallic copper-silver-uranium Falea project in Mali.
The company said the 6,000 metres of exploration drilling will focus on targets based predominantly on the induced polarisation (IP) surveys completed on the Falea project in 2020 and 2021.
“The IP results and initial samples indicate that our current known resources could be just the tip of the iceberg on this deposit, which already contains 31 million pounds of uranium, 63 million pounds of copper and 21 million ounces of silver,” GoviEx Uranium executive chairman Govind Friedland said in a statement.
READ: GoviEx Uranium says Madaouela project in Niger main focus in 2022
“GoviEx remains well positioned and offers significant value and exposure to the forecast deficit of critical energy transition metal supply for the future,” Friedland added.
GoviEx noted the geophysical results corroborated geological interpretation that both the Falea and Bala licenses appear to be highly prospective for increased polymetallic uranium-copper-silver mineralization.
It added that the drill program is expected to take six months to complete.
The Falea project consists of three exploration licenses: Falea, Bala and Madini in southwest Mali and is situated along strike to a number of gold mines and exploration projects and the Saraya East uranium project in Senegal.
GoviEx Uranium is a mineral resource company focused on the exploration and development of uranium properties in Africa.
The company's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.
Contact Sean at sean@proactiveinvestors.com