The Conversation (0)
Macusani Yellowcake Inc. (CVE:YEL) reports drilling from the ongoing exploration program on Chilcuno zone on the Kihitian uranium property, Peru, has again intersected the deeper mineralised sequence labelled Level “B”.
The press release is quoted as saying:
These intercepts are interpreted as the lateral, along strike extension of a deeper mineralised Level “B” zone, which lies stratigraphically below Level “A”. The first intersection on Level “B” was published in a News Release dated November 26, 2010, which stated: “Drill hole number PT-CH4-V intersected a 65m wide mineralized zone from 143m to 208m. Within this thick mineralized interval occurs a higher grade zone of 7m, from 150m to 157m that graded a weighted average of 1.80% U3O8 (23.0 feet grading 36.0 lbs/ton U3O8).”
Macusani Yellowcake’s CEO, Peter Hooper says:
“Macusani is delighted to have discovered this very thick Level “B” horizon some 100 metres below our high grade Level “A”. Macusani has two drills on site and will aggressively continue the drill programme. One drill will continue to drill short holes to expand Level “A” and the second drill will continue stepping out to develop Level “B”. We will shortly start up a third drill to accelerate this programme.”