Andina.com reports Macusani Yellowcake (CVE:YEL), Canadian-based company’s drilling from the ongoing exploration program on the Kihitian uranium property, Peru, has intersected shallow, high-grade uranium values.
The market news is quoted as saying:
The company’s CEO Peter Hooper stated these results appear to be an extension of the shallow, upper high grade zone originally tested with adit development.
“The current drill program will also continue to test two deeper zones. Based on the assay results to date, we remain optimistic that the Kihitian property will help to define the Macusani Plateau as a significant uranium district,” he said.