GoviEx Uranium Inc.: GoviEx Refocuses Resource and Geotechnical Drilling at Madaouela in Niger
GoviEx Uranium Inc. (
TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the
Company") is pleased to announce that it has signed drilling contracts with ESAFOR and FORACO to undertake drilling programs related to a Feasibility Study for the Company's Madaouela Uranium Project (the "
Project") in Niger.
Updated PFS")
(1) announced February 18, 2021, and based on our view that the uranium market fundamentals are demonstrating continued improvement, we have decided to move straight on to the completion of the Feasibility Study required to secure project financing. A key benefit from the Updated PFS was the simplification and optimisation of the Project - which has also simplified the scope of the remaining test work expected to be completed in support of a Feasibility Study. As a result, our priorities for the advancement of Madaouela include a drilling program designed to further our understanding of the molybdenum mineralization of the Project and confirmatory metallurgical test work." stated Daniel Major, Chief Executive Officer.