GoviEx Reports Positive Drilling Results at Mutanga Project, Zambia investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
GoviEx Uranium Inc.: GoviEx Announces Drill Program on Mutanga Project, Zambia
GXU) (OTCQB:
GoviEx or the
Company ) is pleased to announce that it has executed a drilling contract with Hydro Tech Drilling & Exploration (Z) LTD (
Hydro Tech ) to undertake exploration and resource delineation drilling programs focused at the Company s Mutanga Uranium Project, in Zambia (the
Project ). With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. The Project benefits from very simple and straight forward operations due to low-waste stripping, low acid consumption and potentially one of the lowest capital expenditure requirements of its African peers needed to get into production. The mine plan currently forecasts an 11-year mine life and the drill targets identified through trenching, in known uranium intersections, indicate potential for resource extension making this a potential long-life project. Furtherm
The company has planned a 8,000 metre down-hole percussion drilling program focused on the Dibwe East deposit and new areas defined by previous trench.
GoviEx Announces Drill Program on Mutanga Project, Zambia
GoviEx Uranium Inc. is pleased to announce that it has executed a drilling contract with Hydro Tech Drilling & Exploration LTD to undertake exploration and resource delineation drilling programs focused at the Company’s Mutanga Uranium Project, in Zambia .”With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. The Project benefits from very …
GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx or the Company”) is pleased to announce that it has executed a drilling contract with Hydro Tech Drilling & Exploration (Z) LTD (“Hydro Tech”) to undertake exploration and resource delineation drilling programs focused at the Company’s Mutanga Uranium Project, in Zambia (the “Project”).