TSX-V-listed GoviEx Uranium has received positive gold assay results following the completion of its air-core drilling programme on the Madini exploration licence, which is part of the company’s Falea uranium project, in Mali.
International Drilling Company, from Senegal, conducted a 142-hole (equal to about 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.
The assay results highlight some remarkable intercepts, which the miner says warrant follow-up exploration.
The best intercept reported was 3.98 g/t gold over 2 m, and there were a number of interesting continuous lengths of lower grades that intercept from section to section, GoviEx adds.
Chairperson Govind Friedland notes that 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 versatile time domain electromagnetic geophysical anomalies”.
He adds that 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”.