Macusani Yellowcake Announces 158% Increase in Indicated Resources

Macusani Yellowcake Inc. (TSXV:YEL) reports results of a further updated NI 43-101 compliant resource estimate on the it’s Colibri 2 and 3 property on the Macusani Plateau, Peru.

Compared with the previous resource estimate, the latest results show an increase of contained U₃O₈ at the 75 ppm cutoff grade in the Indicated category by 158% to 5.41 million lbs at a grade of 0.027% U₃O₈ (0.535 lbs U₃O₈ per ton) compared with 2.10 million lbs at a grade of 0.022% (0.443 lbs U₃O₈ per ton). In addition, the contained U₃O₈ in the Inferred category increased by 4.5% to 15.15 million lbs at a grade of 0.020% (0.389 lbs U₃O₈ per ton) compared with 14.49 million lbs at a grade of 0.017% (0.335 lbs U₃O₈ per ton).

Macusani Yellowcake’s CEO, Peter Hooper says:

“The significant increase in the grade and tonnage at Colibri 2 and 3 will enhance the economic potential of producing uranium on the Macusani Plateau. The updated resource estimate we are announcing today is also important as it takes us a significant step closer to achieving our corporate objective for the year of delineating more than 30 million pounds of U₃O₈.”

For complete news release, click here.