The Conversation (0)
Macusani Yellowcake (TSXV:YEL,FWB:QG1) reviewed the Southern Andes database and concludes that the significant uranium mineralization can be developed, and it has the potential to produce sizeable mineral resources and enable us to reach our 2013 corporate resource target of 55 to 65 million pounds of uranium. The Company also announced continued drilling of three target areas with five drills: three on Kihitian to test the Quebrada Blanca and Chilcuno Chico anomalies, and two at Tupuramani (a new target) to test the extension of the Colibri 2 and 3 anomalies.
As quoted in the press release:
Highlights
The Company has completed its review and interpretation of the Southern Andes database and believes that significant uranium mineralization targets can be developed, which may assist Macusani Yellowcake in achieving its 2013 corporate resource target of 55 to 65 million pounds of U3O8.Existing data in this historic database will be reviewed by The Mineral Corporation, a South Africa-based mining consulting firm, with the goal of calculating additional NI 43-101 compliant mineral resources during 2013.
The Company continues to drill three target areas with five drills: three on Kihitian to test the Quebrada Blanca and Chilcuno Chico anomalies, and two at Tupuramani (a new target) to test the extension of the Colibri 2 and 3 anomalies.
Macusani Yellowcake President and CEO Dr. Laurence Stefan said:
The amount of historic drilling completed on the property in 2006-2007 is impressive. About 65% of the historical database can be used in support of future NI 43-101 resource models. We are encouraged that more anomalous areas had been drilled, some of which appear to be direct extensions of known mineralization and anomalies of YEL’s previous ground, where the size and shapes of the anomalies are well defined. Revalidation work continues and we expect to obtain resources modeled on this database sometime during 2013. We believe that targeted drilling along these radiometric anomalies has the potential to produce sizeable mineral resources and enable us to reach our 2013 corporate resource target of 55 to 65 million pounds of uranium.
Click here to read the Macusani Yellowcake (TSXV:YEL,FWB:QG1) press release
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