11:33 | Lima, Aug. 22 (ANDINA).
Macusani Yellowcake announced a new high-grade intersection from the ongoing drilling program at the Quebrada Blanca anomaly on its Kihitian Property, south-eastern Peru.
The drill hole returned high grade uranium assays over 17.5 m from 26.0 to 43.5 m with a weighted average of 7748 ppm U3O8 (or 15.49 lbs/ton over 57.4 ft). This included a higher-grade zone of 5.0 m that averaged 2.671% U3O8 (or 53.43 lbs/ton over 16.4 ft).
This latest results are from a vertical borehole # QB43-TV1 drilled at the Quebrada Blanca anomaly located approximately 2 km NW of the Chilcuno Chico anomaly on the Kihitian property.
The drill hole was abandoned due to technical difficulties and ended in mineralization.
Several intersections of high-grade uranium from Quebrada Blanca were previously reported in the company's press release dated May 17th 2012, including 3.0 m that averaged 4463 ppm U3O8 (or 8.926 lbs/ton). To date, 25 diamond boreholes have been drilled from six platforms in the Quebrada Blanca area, totalling roughly 3,000m of drilling.
Two more platforms will be drilled in the near future in order to complete phase one drilling within the Quebrada Blanca anomaly.
All of the new drilling and exploration data are being sent to The Mineral Corporation in Johannesburg, South Africa for inclusion in an updated resource estimate for the Kihitian property and extension of the geological model at Chilcuno Chico.
The updated resource estimate is expected to be available during the fourth quarter of 2012.
(END) MOC/LVT
Publicado: 22/8/2012