Macusani Yellowcake has intersected the deeper mineralised sequence labelled Level ‘B’ at its Chilcuno zone on the Kihitian uranium property on the Macusani Plateau, Peru that indicates a significant possible extension to this deeper zone.
Drill hole number PT-CH2-TV encountered 4.0m (0.00 to 4.00m) with weighted average grades of 0.5327% U3O8 (10.654 lbs/ton).
The company also intersected 11.0m grading with a weighted average of 0.057% U3O8 (1.142 lbs/ton) from 39.00 to 50.00m.
These intersections are part of a wider mineralised interval of 57.0m grading a weighted average of 0.052% U3O8 (1.04 lbs/ton).
These intercepts are interpreted as the lateral, along strike extension of a deeper mineralised Level ‘B’ zone, which lies stratigraphically below Level ‘A’.
Platform 2, where this latest vertical borehole was drilled, is outside the area of the adits and roughly 325m NNW from Platform 4 where the Level ‘B’ was intersected for the first time.
The location of Level ‘B’ on the surface may allow for access of this deeper zone via adits for future development.
At the outcrop area, it is possible that several metres of potential high-grade uranium mineralisation have already been eroded from level ‘B’.
This deeper mineralised sequence, Level ‘B’, was not originally known in the Kihitian area.
Level ‘A’ uranium mineralisation had been discovered and initially explored through adits by IPEN (The Peruvian Institute of Nuclear Energy) in early 1980s and the zone usually dips between horizontal to 10-12 degrees.