GoviEx is a private exploration and development company with 10 tenements totaling approximately 5,000 square kilometres located in heart of Niger’s uranium-producing district.
As of April 2011, the Madaouela I tenement contained more than 103 million pounds of NI 43-101-compliant uranium resources. Building on exploration work performed in the 1960's by the French, Japanese and Nigerien governments and utilizing the skills and knowledge that discovered and developed Areva's mines nearby, GoviEx is conducting one of the world’s largest ongoing uranium exploration programs, focused on the Madaouela and Anou Mellé tenements.
GoviEx has completed more than 250,000 metres of drilling and radiometric logging at the Marianne, Marylin and Madaouela deposits. Considerable exploration potential still remains as less than 5% of the company’s land package has been adequately explored. GoviEx has embarked on an extensive, two-year exploration program and has signed a contract for an additional 300,000 metres of drilling to test the numerous high-priority targets which have the potential to more than double the current resources. Drilling activity also includes core drilling for evaluating mineralogy, metallurgy and geotechnical studies.
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