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28/05/2024
Mining News

Madison Metals CEO says Khan uranium project becoming a precious asset

An airborne survey analysis at Madison Metals Khan uranium project in the Erongo region detected several anomalies.

The project consists of mining licence 86A and EPL 8905 and is immediately southwest of the producing Rössing Uranium Mine.

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Madison Metals says follow-up field work indicated that these anomalies were mainly non-fertile sheeted leucogranite (SLG) commonly known as C type.

The company also said the anomalies led the team to focus on Anomaly 5, where uranium-bearing D type SLG have been identified.

Anomaly 5 is a prominent regional high-uranium and high-uranium/thorium (Th) anomaly occurring within a north-northeast-trending fold closure and located approximately 8km southwest of the Rössing Mine and 7km southwest of the Husab Mine pits.

Madison Metals CEO Duane Parnham said the Khan Project is quickly becoming a precious asset to Madison, having huge potential for making new high-grade uranium discoveries sitting next to two operating uranium mines.

“Madison has deployed field personnel to perform channel sampling and chemical analysis across favourable high-grade uranium rocks and expand the ground survey to other targets at ML86A in advance of a planned 2024 drilling program at Anomaly 5,” Parnham said.

 

Source: The Extractor

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