TORONTO, ONTARIO–(Marketwire – Jan. 8, 2013) – Macusani Yellowcake Inc. (the “Company”) (TSX VENTURE:YEL)(FRANKFURT:QG1) is pleased to announce assay results from an additional seven drill holes from the ongoing drilling program at the Chilcuno Chico anomaly on the Kihitian Property in Puno, Peru. These results continue to extend both the Manto “A” and deeper Manto “B”. The best result was from drill hole PT-CH26-TNE with an 18m intersection from 197m to 215m that returned a weighted average of 762ppm U3O8 (or 1.524 lbs/ton) including a higher-grade zone of 9m that averaged 1,459ppm U3O8 (or 2.918 lbs/ton) – see below for all results.
“Our latest drill results continue to validate our decision to acquire properties and consolidate our position on the Macusani Plateau,” said Dr. Laurence Stefan, President and CEO. “The drill results and related geological model suggest that Manto B is a continuous mineralised layer that appears to extend towards the neighbouring properties we acquired from the merger with Southern Andes Energy.”
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About Macusani Yellowcake
Macusani Yellowcake Inc. is a Canadian uranium exploration and development company focussed on the exploration of its properties on the Macusani Plateau in southeastern Peru. The Company owns a 99.5% interest in concessions which cover over 90,000 hectares (900 km2) and are situated near significant infrastructure. Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol ‘YEL’ and the Frankfurt Exchange under the symbol ‘QG1’. The Company has 159,473,613 shares outstanding. For more information please visit www.macyel.com.
Continue reading at Macusani Yellowcake Reports Further Drill Results at Flagship Kihitian Uranium Project
