A recent gold geochemical sampling programme at TSX-V-listed GoviEx Uranium’s Falea uranium/copper/silver project, in Mali, has highlighted significant gold in soil anomalies that show the potential extensions of the Sirabaya West and the Siribaya-Bambadinka gold trends through, and potentially intersecting within, the Falea project.
The presence of these gold in soil anomalies occurring along similar structural trends with the Falea project, positively signals the mineral potential of the Falea project, GoviEx said on July 7.
This initial gold soil sampling programme has yielded “exciting results” in areas outside the previous uranium exploration zone and the uranium mineralisation at the Falea project has historically been interpreted as an unconformity type uranium deposit, since it is associated with the unconformity between the Taoudeni basin meta-sediments and the underlying Birimian greenstones.
However, the evidence that the gold anomalies associated with the Birimian greenstones apparently underlays the uranium/copper/silver mineralisation of the Falea project is a compelling development well worthy of a drilling programme to test the model and gold content on GoviEx’s ground, said executive chairperson Govind Friedland.
A soil and termitaria sampling was completed on the Falea and Madini exploration licences during May and June.
The development of the Madaouela uranium project, in Niger, remains GoviEx’s primary focus; however, the company said that, with current gold prices approaching $1 800/oz and climbing, “creating shareholder value on all of [the company’s] projects remains a core driver” to its strategy.
Additionally, while conducting the sampling programme, GoviEx’s geological team discovered small scale active artisanal gold workings, giving the company further encouragement on the presence of gold in the area, especially as these workings correlated closely to the measured soil anomalies.