Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) announced results from their drilling program at the Kihitian Property in Peru. They received the results from seven additional drill holes, which were drilled towards the west and southwest from the initial holes drilled at the Chilcuno Chico target.
As quoted in the press release:
The best result was from drill hole PT-CH26-TNE with an 18m intersection from 197m to 215m that returned a weighted average of 762ppm U3O8 (or 1.524 lbs/ton) including a higher-grade zone of 9m that averaged 1,459ppm U3O8 (or 2.918 lbs/ton).
Macusani Yellowcake Inc. President and CEO, Dr. Laurence Stefan said:
Our latest drill results continue to validate our decision to acquire properties and consolidate our position on the Macusani Plateau. The drill results and related geological model suggest that Manto B is a continuous mineralised layer that appears to extend towards the neighbouring properties we acquired from the merger with Southern Andes Energy.