Uranium exploration company Madison Metals has reported that reverse circulation (RC) drill hole KM5RC003 at its Khan project, in Namibia, has intersected strong uranium mineralisation over mineable widths under trench area TR003.
Spectrometer readings from chip-sample bags returned values as high as 1.36% triuranium oxide at 45 m and 1.54% at 148 m vertical depth from surface.
Mineralisation is open in all directions and requires additional drilling to determine size and geometry.
The RC hole will be geoprobed and chemical assays will be performed in line with Madison’s quality assurance and quality control protocol to confirm uranium concentrations.
Drilling continues in the TR004 and TR005 trenching areas where strong uranium mineralisation was encountered at surface. Additional drilling is also planned at TR003 owing to this discovery.