GociEx’s Mutanga project in Zambia ramps up for 2023

GoviEx Uranium announces drill program on Mutanga project in Zambia
  • Feasibility Study and ESIA planned for 2024
  • Dibbwi East Deposit resource update to be released shortly
  • GoviEx is the only uranium developer with two African projects in development and expected near term production

GoviEx Uranium Inc.  is pleased to announce that, following a successful drilling program in 2022 on its Muntanga uranium project in Zambia (“Muntanga Project”), it will expand the scope of the Feasibility Study for the Muntanga Project to include detailed engineering and design. The Company will also complete the project’s Environmental and Social Impact Assessment (“ESIA”) update and undertake additional drilling to target mineralisation extensions along sections at the project’s Dibbwi East deposit.

In 2022, the Company conducted an extensive 15,500-metre infill drilling program at the Dibbwi East Deposit, which is targeting conversion of the current 29 million pounds U3O8 from inferred into indicated resources.1 GoviEx will provide an update to its mineral resource estimate in the coming weeks.

Analysis of the 2022 drilling results has highlighted that the Dibbwi East deposit is open up and down dip, as several sections have not closed off the uranium resource, as shown in figures 1 and 2 below. In response, GoviEx plans to conduct 7,000 metres of mud rotary drilling to target these areas of open mineralisation at the deposit and further enhance its understanding of the deposit’s potential. (more)


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