Mining Weekly reported that Macusani Yellowcake (TSXV:YEL), a Uranium exploration and development company, released a statement on on Monday saying it has discovered high grade intersections from its flagship Kihitian Property, located in southeastern Peru.
As quoted in the market report:
“The latest assays at the Quebrada Blanca anomaly continue to demonstrate the encouraging near-surface uranium mineralisation potential of the western area of the Kihitian concession. In addition, the presence at depth of a new mineralised sequence located 100 m below manto “B”, consistently intercepted by three vertical boreholes, is a new addition to our geological model.
“We now have discoveries covering a 5 km strike length and continue to explore with three drills on the Kihitian property,” president and CEO Dr Laurence Stefan said.”