Macusani Yellowcake Inc.(TSXV:YEL) announced new results from its ongoing drill program at the Quebrada Blanca anomaly. The Company reported high grade intercepts of 5m averaging 2.671% U3O8.
As quoted in the press release:
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).
Macusani, President and CEO, Dr.Laurence Stefan, commented:
The surface exploration activity completed during 2011 led us to believe that manto “B” in Quebrada Blanca would contain higher uranium grades than at Chilcuno Chico. The results of the drilling in the last four months, which has intersected this zone has confirmed that the grades of the uranium mineralization at Quebrada Blanca are superior to the uranium grades on the rest of the plateau that has been explored to date. This recently drilled hole is consistent with the applied geological model, with very high-grade uranium being discovered very close to surface.