Macusani Yellowcake is looking to put Peru on the map for uranium production in the future. But before it can get there, here's a look at the results of its PEA.
Articles Tagged "TSXV:YEL"
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) announced assay results from its ongoing drilling program at the Chilcuno Chico anomaly located on its Kihitian Property in Peru. Highlights include a 17m intersection along Manto B from 220m to 237m, that returned a weighted average grade of 1,214ppm U3O8 (or 2.428 lbs/ton), including a higher-grade zone of 4m that returned a weighted average grade of 3,465ppm U3O8 (or 6.93 lbs/ton) between 225m to 229m, from hole PT-CH37-TSE.
Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) reported assay results from an additional five drill holes from the ongoing drilling program at the Chilcuno Chico anomaly on the Kihitian Property in Puno, southeastern Peru. The best result was from drill hole PT-CH23-TSE, with a 13m intersection along Manto "B" from 247m to 260m, that returned a weighted average of 1,962ppm U3O8 (or 3.852 lbs/ton).
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.
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.