Goviex Uranium Inc. (TSXV:GXU)

Mining

GoviEx Uranium Inc (TSXV:GXU; OTCQB:GVXXF) is a mineral resource firm based in Vancouver, Canada.

The company engages in exploring, acquiring and developing uranium properties in Africa.

GoviEx aims to become a leader in uranium production through its ongoing exploration and production at Mutanga Project (Zambia), Madaouela Project (Niger), and Falea Project (Mali).

The company says that the African continent hosts numerous natural resources and has approximately 30 per cent of the earth’s mineral properties.

The Canadian firm claims to have most significant NI 43-101 uranium resource bases that have produced indicated resources of 107.3 million pounds of tri-uranium octoxide, measured resources of 36.2 million lbs of tri-uranium octoxide (U3O8), and inferred resources totaling 86.0 million lbs of tri-uranium octoxide.

The firm says that Niger and Zambia are well-known mining countries with excellent infrastructure, long mining histories and mining permits.

The uranium exploration firm claims to completed metallurgical tests and engineering studies at its three development assets, allowing it to develop a strong portfolio.

Madaouela property

The property is located south of Arlit and Orano’s mining subsidiaries of Somair and Cominak in north-central Niger.

The firm claims to have been granted Mad 1 Mine Permit in January 2016.

The project is reportedly connected to road, labor, groundwater, and grid power. The mineral exploration claims that Madaouela project is located in one of the world’s largest sandstone uranium deposits.

Niger-based Compagnie Miniere Madaouela SA has a 100 per cent stake in the property. GoviEx Uranium Inc has 80 per cent stake in the Nigerian mining firm, while the rest is held by Government of the Republic of Niger.

Mutanga Project

The Zambian property is located south of Lusaka in Zambia, approximately 200 kilometers north of Lake Kariba.

It includes five deposits: Mutanga, Dibwe, Dibwe East, Njame, and Gwabe.

The Canadian uranium explorer acquired 100 per cent stake in the project from Denison Mines Corp in 2016.

From African Energy Resource, GoviEx claims to have owned acquired 100 per cent interest on Njame and Gwabe deposits in 2017. The project presently comprises of three mining licenses: 13880-HQ-LML, 13881-HQ-LML, and 12634-HQ-LML, covering 720 square kilometers.
Falea Project

Falea uranium-silver-copper deposit is located 350 KM west of Bamako in Mali, West Africa. The Canadian company acquired the polymetallic project from Denison Mines Corp in 2016 and consists of three exploration permits: Bala, Falea, and Madini.

Contact Information

company address GoviEx Uranium Inc. 999 Canada Place, Suite 606 Vancouver, BC Canada, V6C 3E1

company phone604-681-5529

company email[email protected]

company websitehttps://goviex.com

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