Perth, Australia
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Yakubchuk A.,Orsu Metals Corporation | Stein H.,Colorado State University | Wilde A.,Paladin Energy
Ore Geology Reviews | Year: 2014

The pilot study with Re-Os dating of sulfides from Sukhoi Log and Olympiada gold deposits revealed early Paleozoic ages of the auriferous sulfides from the two largest orogenic gold systems in the Neoproterozoic orogens of the Baikalides framing the Siberian craton. The age-dating results indicate that gold mineralization is therefore epigenetic. The formation of the dated orogenic gold deposits is synchronous with some regional metamorphic events in the Baikalides, at least in case of the Sukhoi Log deposit. The metamorphic events occurred in the rear parts of the early Paleozoic magmatic arcs, where coeval subduction-related magmatism produced porphyry copper-(molybdenum) mineralization. © 2013 Elsevier B.V.

News Article | February 15, 2017

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - GoviEx Uranium Inc. (TSX VENTURE:GXU) ("GoviEx" or "Company") is pleased to announce it has engaged Houlihan Lokey EMEA, LLP as financial advisor to assist the Company with the securing of potential long-term off-take agreements in relation to its Madaouela Uranium Project ("the Madaouela Project") in Niger. "We believe there is potential for a substantial wave of new contracting for long-term uranium supply to commence in response to growing demand for carbon-free nuclear energy and the existence of uncovered utility requirements," commented Govind Friedland, Executive Chairman of GoviEx. "In the past two months, the spot price of uranium has risen by more than 40%." "We also expect long-term contract prices to rise to a point where floor-price-based off-take agreements will provide good economics for our Madaouela Project(1). We look forward to working with the Houlihan Lokey team in this regard as we continue to move towards the planned development of the Company's fully-permitted Madaouela Project." The engagement of Houlihan Lokey represents part of an integrated four-part strategy developed by the Company to advance the Madaouela Project, and follows the previously announced appointment of Medea Capital Partners Ltd. as a project debt advisor. The four-part strategy, working towards a production decision, includes: The Houlihan Lokey team has considerable experience in the uranium and nuclear energy sectors, having worked with companies such as Paladin Energy, Électricité de France S.A. (EDF), AREVA, Kazatomprom and China National Nuclear Corporation (CNNC), over the past 10 years. GoviEx is a mineral resource company focused on the exploration and development of uranium properties. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its Mine Permitted Madaouela Project and its other uranium properties in Africa. Houlihan Lokey is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. This press release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this press release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding the potential for a substantial wave of new contracting for long-term uranium supply to commence in response to growing demand for carbon-free nuclear energy and the existence of uncovered utility requirements, GoviEx's expectations for long-term contract prices to rise to a point where floor-price-based off-take agreements will provide good economics for our Madaouela Project, the potential for GoviEx to enter into off-take agreements, the planned integrated four-part strategy working towards a production decision for the development of the Madaouela Project and other statements that are not facts. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which GoviEx operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Assumptions upon which forward looking statements have been made include that there will continue to be growing demand for carbon-free nuclear energy and the existence of uncovered utility requirements that may result in a substantial wave of new contracting for long-term uranium supply to commence, long-term contract prices will rise to a point where floor-price-based off-take agreements will provide good economics for the Madaouela Project, GoviEx will be able to secure one or more long-term off-take agreements for its Madaouela Project with the help of Houlihan Lokey and that the securing of such long-term off-take agreements will meet one part of GoviEx's integrated four-part strategy to advance the Madaouela Project towards a production decision. In addition, the factors described or referred to in the section entitled "Financial Risks and Management Objectives" in the MD&A for the year ended December 31, 2015, of GoviEx, which is available on the SEDAR website at, should be reviewed in conjunction with the information found in this news release. Although GoviEx has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, including if there is no increased demand or a reduced demand for carbon-free nuclear energy and less than expected uncovered utility requirements, long-term contract prices do not rise or fall, the parties are unable to secure long-term off-take agreements as anticipated or at all, the failure to meet the targeted timelines of GoviEx's integrated four-part strategy that is anticipated to allow GoviEx to be in a position to make production decision, if any. There can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the appointment of Houlihan Lokey could be modified, restricted or terminated, and the results or events predicted in these forward-looking statements may differ materially from actual results or events. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law, and GoviEx assumes no any liability for disclosure relating to the other company herein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Wilde A.,Paladin Energy | Otto A.,Paladin Energy | Jory J.,Paladin Energy | MacRae C.,CSIRO | And 3 more authors.
Minerals | Year: 2013

New geological, bulk chemical and mineralogical (QEMSCAN and FEG-EPMA) data are presented for albitite-type uranium deposits of the Mount Isa region of Queensland, Australia. Early albitisation of interbedded metabasalt and metasiltstone predated intense deformation along D2 high strain (mylonite) zones. The early sodic alteration paragenetic stage includes albite, riebeckite, aegirine, apatite, zircon and magnetite. This paragenetic stage was overprinted by potassic microveins, containing K-feldspar, biotite, coffinite, brannerite, rare uraninite, ilmenite and rutile. An unusual U-Zr phase has also been identified which exhibits continuous solid solution with a uranium silicate possibly coffinite or nenadkevite. Calcite, epidote and sulphide veinlets represent the latest stage of mineralisation. This transition from ductile deformation and sodic alteration to vein-controlled uranium is mirrored in other examples of the deposit type. The association of uranium with F-rich minerals and a suite of high field strength elements; phosphorous and zirconium is interpreted to be indicative of a magmatic rather than metamorphic or basinal fluid source. No large intrusions of appropriate age outcrop near the deposits; but we suggest a relationship with B- and Be-rich pegmatites and quartz-tourmaline veins. © 2013 by the authors; licensee MDPI, Basel, Switzerland.

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