Madison Metals Inc. (“Madison”) is pleased to provide an update regarding ongoing geologic mapping being done in advance of a maiden 2024 drill program at the Company’s Khan Project at Madison West in Namibia’s highly prospective Erongo uranium province.
Location of Anomaly 5 and mapped D-type leucogranites at the Khan Project. Image Credit: Madison Metals Inc
The mapping program consisted of infill geological mapping along with groundscintillometer and spectrometer surveys over the previously announced Anomaly 5 drill targets. Madison’s original surveying was completed at 40 meter (m) line spacing with 10 m station spacing. The Company has added new drill targets at Anomaly 5 by surveying at 20 m line spacing. The results of the recent mapping and surveying program are an increasedsurface expression of radiometric D-type leucogranites (favourable rock type mined at Rossing). In particular, the surface expression of mineralized leucogranites around Trenches 4 and 5 and north of Trench 3 has increased to thicknesses of up to 40 m.
The mapping campaign accomplished several key goals, including:
- Outlining priority drill targets
- A base map of surface features to guide drill targeting
- Identifying and delineating mineralized surface lithologies
- Highlighting the surface continuity of mineralized D-type leucogranites
Mapped outcrop of D-type leucogranites in the vicinity of Trenches 4 and 5. Image Credit: Madison Metals Inc
Mapped outcrop of D-type leucogranites north of Trench 3. Image Credit: Madison Metals Inc
As previously reported, surface sample assays at Anomaly 5 included 9.0 m grading 0.25% U3O8 (including 1.0 m grading 1.28%) in Trench 4 (KM5TR004), 9.0 m grading 0.39% U3O8 in Trench 5 (KM5TR005) and 5.0 m grading 0.12% U3O8 in Trench 3 (KM5TR003).The assays from the six trenches confirm the surface continuity of mineralized alaskites at Anomaly 5, with uranium grades above 0.1% U3O8 (see Company news release on March 4, 2024).
Qualified Person
Mary Barton, a Professional Natural Scientist (SACNASP) and a Qualified Person for the purposes of National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects for ML86A, has reviewed, verified, and approved the technical information contained in this news release.