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GoviEx’s uranium results in Mali a roadmap for more exploration

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The Falea polymetallic (uranium, silver and copper) deposit is located about 350km west of Bamako, the capital of Mali. Image credit: GoviEx

GoviEx’s uranium results in Mali a roadmap for more exploration

Induced Polarization (IP) data from exploration drilling results at TSX listed GoviEx’s Falea project in Mali, has delivered encouraging results and provides the company with a clear roadmap of targets for their next drilling program. The IP data was analysed by Computational Geosciences.

The Falea polymetallic (uranium, silver and copper) deposit is located about 350km west of Bamako, the capital of Mali and south of the city of Kayes. The project is near Areva’s Saraya East uranium deposit in Senegal, and along trend from IAM Gold’s Siribaya gold deposit.

GoviEx acquired Falea property from Denison Mines Corp. in June 2016. The property comprises three contiguous exploration permits, namely the Falea, Bala, and Madini Permits.

Drilling results encouraging (GoviEx’s uranium results in Mali a roadmap for more exploration)

The Falea Project is positioned on strike with two major gold trends. During the first and second quarters of 2022, the company undertook a diamond drilling program that totalled 6,002m of NQ sized diamond core over 12 drill holes.

A total of 10 drill holes, totalling 5,201meters were completed on the Falea licence and two drill holes for 800 meters on the Bala licence.

According to Govind Friedland, Executive Chairman of GoviEx, the Falea project continues to show promising potential

“The IP data, analysed by Computational Geosciences – the global leader in geophysical data interpretation, shows targets with a strong correlation with known uranium mineralization, which means we now have a clear roadmap of targets for our next drilling program,” said Friedland.

“Falea is clearly a compelling and highly prospective asset and we look forward to expanding our exploration program, particularly now that we can focus our efforts in the most prospective areas,” adds Friedland.

Geological background (GoviEx’s uranium results in Mali a roadmap for more exploration)

According to GoviEx the polymetallic mineralisation at Falea is hosted in the Neoproterozoic to Carboniferous sedimentary sequence of the Taoudeni Basin, a shallow interior sag basin with flat to very shallow dips.

The Taoudeni Basin is located over a large portion of the West African Craton between the Reguibal Shield to the north and the Leo Shield to the south and encircles the Pan-African Belts to the west and east.

The Taoudeni Basin is underlain by the Birimian greenstones which have been intruded by uranium-bearing Saraya granites.

The deposition of the Taoudeni Basin sedimentary sequence within the project area was largely controlled by north-south and east-southeast trending structures.

The orientation of the structural trends is coincident with the structural orientations within the Birimian greenstones.

A dolerite sill ranging in thickness from a few metres to more than 160m is present throughout most of the basin, intruding 65m to 120m above the Kania sandstone and forming prominent cliffs in the area.

Most of the mineralisation at Falea occurs in the flat lying Kania sandstone, which is underlain and overlain by argillaceous units.

The Kania sandstone is located near the bottom of the Taoudeni Basin sequence. The mineralisation is interpreted as an unconformity type uranium deposit since it is associated with the unconformity between the Kania sandstone and the underlying Birimian greenstones.

(Geological information from the GoviEx website)

GoviEx’s uranium results in Mali a roadmap for more exploration

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 GoviEx’s uranium results in Mali a roadmap for more exploration


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