TSX-listed GoviEx Uranium has announced positive gold assay results following the completion of its air-core drilling programme on the Madini exploration license which is part of the company’s Falea uranium project.
International Drilling Company from Senegal, conducted a 142-hole (6 354 m) air-core drilling programme to test the gold potential associated predominantly with soil anomalies on Madini. The holes were sited, based on the previously reported soils and termite gold anomalies, and have been drilled to a maximum depth of 60 m.
GoviEx believes that the assay results warrant follow-up exploration. The best intercept reported was 3.98 g/t Au over 2 m, and there were a number of interesting continuous lengths of lower grades that intercept from section to section. These intercepts appear to define a NNW-SSE trend, within the regionally defined Siribaya-Bambadinka trend. The results from all assays from the drilling programme have been received and validated.
Company executive Govind Friedland, stated, “The results of this initial early-stage exploration gold programme have come back with some compelling and positive assay results, which are exciting as they correlate well to the gold-in-soil and VTEM geophysical anomalies. These preliminary results are very encouraging and certainly warrant further exploration, particularly given the evidence that this ties into a larger regional system that hosts a tier one gold trend.”
Falea polymetallic (uranium, silver, and copper) deposit is located approximately 350 km west of Bamako, the capital of Mali. GoviEx acquired the property from Denison Mines in June 2016. The property comprises three contiguous exploration permits, namely the Falea, Bala and Madini permits.