Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) reported the first recovery results from the Kihitian property on the Macusani plateau. Tests were conducted on higher grade uranium mineralization and the samples were gathered from the Pinocho and Chilcuno Chico targets within the Kihitian property.
Articles Tagged "TSXV:YEL"
This week, the uranium spot price fell 50 cents, to $43 per pound U3O8; however, the market is anticipating higher prices down the road.
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) reported the first drilling results from the Tupuramani property in Peru. The results are similar to the drilling intersections obtained within Colibri 2 & 3 with multiple wide intersections of up to 60m thick, with uranium grades ranging from 0.3 to 0.6 lbs/ton within the first 100-110m from surface.
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) reported updated drill results reported on January 24, 2013. A miscalculation for the grade of a 2 meter intersection (from 49.0m) on Borehole PT-QB32-TNW was corrected.
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) drilled five new holes on its Kihitian Property in Peru. Hole #QB34-TSE returned a weighted average of 1,902 ppm U3O8 over 14.0m from 15.0 to 29.0m (or 3.804 lbs/ton over 45.9 ft) including 8.0m at 3,286 ppm U3O8 (or 6.572 lbs/ton over 26.2 ft) and hole #QB32-TNW returned a weighted average of 2,273 ppm U3O8 over 6.0m from 48.0 to 54.0m (or 4.546 lbs/ton over 19.6 ft) including 2.0m at 13,425 ppm U3O8 (or 26.850 lbs/ton over 6.5 ft). The Company reported new near-surface, high-grade uranium drill results from its ongoing drilling program.
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) plans to add the ratification of the Company's shareholder rights plan. The Company plans to bring it up at the upcoming annual and special meeting of shareholders in Toronto on January 18, 2013.
Both industry experts and market watchers are confident that uranium spot prices will begin to rise this year as nuclear power plants are constructed and commissioned around the world.
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) announced results from their drilling program at the Kihitian Property in Peru. They received the results from seven additional drill holes, which were drilled towards the west and southwest from the initial holes drilled at the Chilcuno Chico target.
Macusani Yellowcake Inc. (TSXV:YEL,FRANKFURT:QG1) announces high-grade intersections from its drilling program at the Quebrada Blanca anomaly on its flagship Kihitian Property. The Company has finished 4 511 m of drilling on the Quebrada Blanca anomaly to date and has published results from the initial 10 holes. One of the Company's most significant results from hole #QB36-TSW returned a weighted average of 1 530 ppm U3O8 over 22.0 m.