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Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) announced assay results from its ongoing drilling program at the Chilcuno Chico anomaly located on its Kihitian Property in Peru. Highlights include a 17m intersection along Manto B from 220m to 237m, that returned a weighted average grade of 1,214ppm U3O8 (or 2.428 lbs/ton), including a higher-grade zone of 4m that returned a weighted average grade of 3,465ppm U3O8 (or 6.93 lbs/ton) between 225m to 229m, from hole PT-CH37-TSE.
As quoted in the press release:
Assay results continue to extend both the Manto A mineralized zone and the deeper Manto B zone. The best result was from drill hole PT-CH37-TSE, with a 17m intersection along Manto B from 220m to 237m, that returned a weighted average grade of 1,214ppm U3O8 (or 2.428 lbs/ton) including a higher-grade zone of 4m that returned a weighted average grade of 3,465ppm U3O8 (or 6.93 lbs/ton) between 225m to 229m. Manto A was also intercepted and displayed a 4m intersection that returned a weighted average grade of 1,728ppm U3O8 (or 3.456 lbs/ton) from 103m to 107m.
Macusani Yellowcake Inc. President and CEO, Laurence Stefan, said:
Our latest assay results not only demonstrate high grades, they also provide compelling evidence given the 45,000 meters of drilling completed to date that the Manto B zone is a continuous mineralized sequence under the entire Chilcuno Chico Area. In essence, we believe that the anomaly at Quebrada Blanca, which we have explored extensively, and the Manto B zone at Chilcuno Chico represent the same mineralized sequence. The extended area provides the potential for open pit mining on the periphery where the manto is thicker and the core of the deposit, we believe, would be an underground target suitable for mechanized mining techniques given its consistent orientation, inclination, thickness and grade.
Click here to read the Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) press release
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