GoviEx Uranium Inc (GVXXF)

[The New Black]

https://www.equities.com/news/goviex-uranium-commences-radon-gas-survey-at-madaouela-uranium-project-site


News
GovieX Uranium (GXU): Commences Radon Gas Survey at Madaouela Uranium Project Site
Destiny A. Lopez
| Friday, 14 October 2016 13:03 (EST)

GovieX Uranium (GXU), a mineral exploration and development company, recently launched efforts to further optimize its Madaouela Project. Announced earlier this month, a radon gas survey is being conducted over the Niger-based uranium project in an effort to identify drill targets adjacent to its Miriam deposit, with a goal of expanding its resources.

“We are undertaking this survey as part of our on-going and measured efforts to advance all of our uranium projects and in particular, seek to improve the economics of our Madaouela Project from that reported in the project’s pre-feasibility study technical report,” said Daniel Major, CEO of GovieX. “Even though GoviEx currently has substantial uranium reserves and resources ? in fact, one of the largest resource of any publicly traded uranium explorer or producer ? finding more resources that are amenable to lower-cost, open-pit mining is important in the current uranium price environment. Obtaining favourable results from these tests should positively impact our recently announced initiative to seek debt financing for our planned mine at the Madaouela Project.”

The survey is being carried out by RadonEx Ltd. of St. Lazare, Quebec

Headquartered in Vancouver, GovieX Uranium, along with its subsidiaries, is dedicated to exploring and evaluating, and developing uranium mineral properties. Formerly known as Govi High Power Exploration until its name change in 2008, the company’s lead project, the Madaouela project, contains five mineral tenements.

Other projects currently underway include:

Mutanga, located in Zambia, contains uranium deposits hosted within sandstones of the Escarpment Grit Formation of the Karoo Super Group.
Falea, located in Mali, where most known ore zones remain open for exploration.]

Furthermore, the company appointed Medea Capital Partners Ltd, as part of an integrated four-part strategy, to begin the first stage of its Madaouela project finance structuring. According to an official news release, the company's financial strategy aims to accomplish the following:

Debt finance structuring
Project optimization and completion of detailed engineering
Off-take structuring
Project equity financing

"We look forward to continuing to work with the Medea Capital team on the structuring of the potential debt financing for the development of the Madaouela Project,” said Major. “We are excited about the possibility of working with various ECAs who have a mandate to provide insurance coverage on debt related to projects in developing nations – including Niger.”

With plans to strengthen its financial position and expand its resources, the investment community looks forward to the results of GovieX Uranium’s initial survey results.

To learn more about GovieX Uranium, visit www.goviex.com.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
Companies
Symbol Name Price Change % Volume
GXU:CNX GoviEx Uranium Inc. n/a n/a n/a 0
Comments

You have to be logged in to leave a comment.
More on Equities.com
NOVA LIFESTYLE, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers
RYMAN HOSPITALITY PROPERTIES, INC. - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Study: Obama tax hikes on rich didn't hurt economy, or rich

by Taboola
Sponsored Links
You May Like
0% APR Credit Cards With Insane PerksCreditCards.com
6 Jaw-Dropping Credit Cards For Those That Need To Transfer A BalanceNextAdvisor
Download This White Paper to Disrupt Hackers and Protect Your BusinessHewlett Packard Enterprise
The Perfect Dinner-Date Delivered Right To Your DoorBlue Apron
The Gmail Trick that Google Doesn't Want You to KnowBoomerang for Gmail
Everything You Need to Create a Cool Workspace for Your KidThe Land of Nod
Get the Keys to Building a Sustainable BusinessSage Accounting
The Mattress With Sweaty Boyfriend Approved Cooling DesignPurple™ Mattress
Trending Articles

Medical Marijuana, Inc. Portfolio Company AXIM Biotech Begins PK/PD Studies With CanChew Plus CBD Gum for IBS Symptoms in Suffering Patients
Financial Myths: It’s Better to Light a Candle Than Curse the Darkness, Part III
Star Navigation (SNAVF): Investing in the Black-Box Flight Recorder Business
?Affinor Growers’ (RSSFF) Vertical Farming System Has Many Advantages
Did the FBI Reopening Their Clinton Investigation Really Affect Markets?
As U.S. Election Draws Near, General Cannabis Stock Sees Movement

Emerging Growth
Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…
Private Markets
Pinterest

Pinterest is a visual discovery and planning tool. Users ("Pinners") use the site and apps to get ideas for their future, such as recipes, places to travel, and products to…
Cloudera

Cloudera offers enterprises a new data platform built on the Apache Hadoop open-source software package. Hadoop is a data-management platform that can consolidate data in a single repository for comprehensive…

Corporate Site
Premium Products
Advertising
RSS Feeds

About
Contact
Site Map
Testimonials

Privacy Policy
Terms and Conditions
Disclaimer
Conference

© 2016 Equities

* All dates and time are being displayed in Eastern Standard Time (EST).
Follow companies mentioned in this article:

GoviEx Uranium Inc.