Macusani Yellowcake Announce Another High Grade Intersection.admin
Friday, August 15th 2008
Macusani Yellowcake is Pleased to Announce Another High Grade Intersection. The Top 6.45 Metres of Hole DD1 Vertical-P17 has a Grade of 4.060 lb/t. of U3O8. Peter Hooper, President of Macusani stated: “These results continue to confirm our model of a very large horizontal bedded structure containing substantial amounts of uranium. We are now drilling our 73(rd) hole and to date every hole is mineralized.”
Macusani Yellowcake Inc. announce assay results from the ongoing drilling program at its Colibri II uranium property on the Macusani Plateau in southeastern Peru. These holes were drilled from three drill collars which have been designated as Platform 8 (“P08″), Platform 17(P17) and Platform 19(P19).
As with the previous intercepts each hole intersected multiple horizontally-oriented uraniferous zones at depths starting at surface down to 62.00 m. The uranium minerals are hosted in acidic volcanic rocks of rhyolite composition that cover large portions of the Macusani Plateau in “blanket like” formations from surface to a depth of approximately 100 m.
Macusani controls over 20,000 hectares (2,000 km(2)) of mineral properties on the Macusani plateau in Peru.