Macusani Yellowcake has intersected additional high grade uranium values at its Kihitian property on the Macusani Plateau in Peru.

The drilling, which forms part of an ongoing exploration program on the Chilcuno Zone, intersected uranium values with an intersection of 8.0m with weighted average grades of 0.53% U3O8 (10.6 lbs/ton).

These intercepts are interpreted as the extensions of the adits done by IPEN during 1980s at Chilcuno Chico and sampled by the company during 2009 with grades of up to 10% U3O8 as channel samples.

Platform 10, where these two boreholes were drilled, is in the area of the adits and was drilled with the objective to demonstrate that the veins/’mantos’ exposed by the adits represent only 1.5m-1.8m.

The mineralized area can be as thick as 22m within which the high-grade package is up to 7m-8m thick displaying grades of multiple pounds of U3O8.

The drill program was designed to test for continuity and grade of the uranium mineralization within a shallow, sub-horizontal, 5m to 25m thick horizon (‘A’ level) of rhyolitic flows and minor pyroclastic sequences.

A similar but generally thicker horizon (‘B’ level) occurs approximately 75m-100m lower stratigraphically, which has been intercepted to date in two boreholes, one with very high-grade U mineralization.

The present drilling at Kihitian is part of a 20-platform plan.