Macusani Yellowcake Announces High Grade Underground Channel Samples In The Pinocho Zone At Kihitian Property

  Dec 14, 2009   in News Releases 4 Comments

TORONTO, Ontario, December 14, 2009 – Macusani Yellowcake Inc. (“MYI” or the “Company”) is pleased to announce that channel samples taken from underground adits at the Pinocho zone of the Kihitian Property on the Macusani Plateau in Peru, have returned extensive high grade uranium with average values of 0.554% U3O8 (11.09 lbs U3O8 per ton).

A total of 97 channels samples were collected along the adits with results ranging from trace to a high of 4.67% U3O8 (103 lbs U3O8 per ton).  Greater than 25% of the samples returned over 0.45% U3O8 (10 lbs U3O8 per ton). Details of the channel sample results are shown in the table below.

MYI’s CEO, Peter Hooper, stated that “These exciting results have established priority drilling targets that could expand the resources already controlled by our Company on the Macusani Plateau.”

The uranium mineralization in the Pinocho Zone is mainly contained in veins and anastomozing veinlets hosted within rhyolite tuff. There is consistently a central zone that ranges between 15 cm and 1 m in thickness that represents the high-grade core of the uranium enriched mineralization. The uranium grades in the veins can run from several lbs/ton to as high as hundreds of lbs/ton.

 

U3O8 assay results from channel samples taken in the underground adits at the Pinocho Zone, Kihitian Property:

 

Channel sample            U3O8 grade         U3O8 grade                            Channel sample            U3O8 grade         U3O8 grade number                                                   %                          lbs/ton                                    number                                  %                            lbs/ton

 

GP-M1                                     0.772%                    15.45                           LP2-A5                                    0.002%                      0.05

GP-B1                                     0.040%                      0.80                           LP2-M5                                    0.002%                      0.05

GP-A2                                      0.015%                      0.31                           LP2-B5                                    0.108%                      2.16

GP-M2                                     3.408%                    68.16                           LP2-A6                                    0.002%                      0.05

GP-B2                                     0.061%                      1.21                           LP2-M6                                    0.003%                      0.06

GP-M3                                     0.797%                    15.95                           LP2-B6                                    0.002%                      0.04

GP-B3                                     0.045%                      0.90                           LP2-A7                                    0.002%                      0.04

GP-M4                                     0.762%                    15.25                           LP2-M7                                    0.004%                      0.07

GP-B4                                     0.025%                      0.50                           LP2-A8                                    0.002%                      0.03

GP-M5                                     4.894%                    97.87                           LP2-M8                                    0.003%                      0.06

GP-B5                                     0.174%                      3.48                           LP2XSE-M1                            0.029%                      0.59

GP-M6                                     2.936%                    58.72                           LP2XSE-M2                            0.225%                      4.51

GP-B6                                     0.069%                      1.38                           LP2XSE-B2                            0.034%                      0.69

GP-M7                                     2.075%                    41.51                           LP2XSE-M3                            0.067%                      1.33

GP-B7                                     0.048%                      0.97                           LP2XSE-B3                            0.157%                      3.14

GP-A8                                      0.014%                      0.28                           LP2XNW-M1                          0.035%                      0.70

GP-M8                                     1.023%                    20.45                           LP2XNW-B1                           0.482%                      9.64

GP-B8                                     0.036%                      0.71                           LP3-M1                                    0.674%                    13.47

GP-M9                                     1.069%                    21.39                           LP3-B1                                    0.003%                      0.07

GP-B9                                     0.015%                      0.30                           LP3-M2                                    0.693%                    13.87

GP-M10                                   5.153%                  103.06                           LP3-B2                                    0.005%                      0.09

GP-B10                                   0.016%                      0.32                           LP3-A3                                    0.009%                      0.17

GP-M11                                   4.269%                    85.37                           LP3-M3                                    0.015%                      0.31

GP-B11                                   0.033%                      0.67                           LP3-B3                                    0.008%                      0.17

GP-M12                                   2.712%                    54.24                           LP3-A4                                    0.003%                      0.07

GP-B12                                   0.028%                      0.56                           LP3-M4                                    1.415%                    28.30

GP-M13                                   2.665%                    53.30                           LP3-B4                                    0.006%                      0.13

GP-B13                                   0.076%                      1.52                           LP3-A5                                    0.003%                      0.06

LP1-M1                                   0.068%                      1.36                           LP3-M5                                    0.003%                      0.05

LP1-B1                                    0.080%                      1.60                           LP3-B5                                    0.597%                    11.93

LP1-M2                                   0.129%                      2.57                           LP3XNW1-M1                        0.977%                    19.54

LP1-B2                                    0.075%                      1.50                           LP3XNW1-B1                        0.019%                      0.38

LP1-A3                                    0.023%                      0.46                           LP3XNW1-M2                        0.145%                      2.91

LP1-M3                                   0.024%                      0.48                           LP3XNW1-B2                        0.485%                      9.69

LP1-B3                                    0.266%                      5.31                           LP3XNW2-M1                        0.943%                    18.86

LP1-M4                                   2.028%                    40.56                           LP3XNW2-B1                        0.016%                      0.32

LP1-B4                                    0.193%                      3.87                           LP3XNW2-M2                        0.002%                      0.04

LP1-A5                                    0.013%                      0.26                           LP3XNW2-B2                        0.024%                      0.48

LP1-M5                                   2.099%                    41.98                           TP-M1                                      0.008%                      0.15

LP1-B5                                    0.055%                      1.10                           TP-B1                                      0.114%                      2.28

LP1-M6                                   4.847%                    96.93                           TP-M2                                      0.538%                    10.76

LP1-B6                                    0.034%                      0.69                           TP-B2                                      0.198%                      3.95

LP1-M7                                   0.586%                    11.71                           TP-A3                                       0.008%                      0.15

LP1-B7                                    0.018%                      0.37                           TP-M3                                      0.241%                      4.81

LP2-M1                                   0.191%                      3.81                           TP-A4                                       0.039%                      0.78

LP2-M2                                   0.287%                      5.74                           TP-M4                                      0.080%                      1.59

LP2-M3                                   0.009%                      0.18

LP2-B3                                    0.719%                    14.38

LP2-M4                                   0.076%                      1.52                           Average U3O8                      0.554%                  11.088

LP2-B4                                    0.296%                      5.91                           Grade                                                                     lbs/ton

 

 

The adits at Pinocho total approximately 194 m in length and were sampled every three meters, on the left wall, from the floor to the ceiling throughout the entire length of the workings.  The workings range in height from 1.10 to 1.85 meters and in many cases due to their limited height, sampling of the hanging-wall and foot-wall alteration zones was not possible. The mineralised structures exposed within the adits are open in all directions.

In total the Kihitian Property contains approximately 900 metres of adits developed by IPEN, the Peruvian Nuclear agency, in the early 1980s.  These adits were dug into one of the largest radiometric anomalies on the Macusani Plateau. MYI acquired the Corachapi and Kihitian properties from Ram Resources Limited of Australia (formerly Contact Uranium Limited) earlier this year (see Press Release dated June 30, 2009).

The samples averaged 2-3 kg per sample and were sealed in a plastic sample bags for transportation with MYI personnel.  Two standards were included within every 25 samples.  The samples were sent to CIMM Labs in Juliaca for sample preparation with representative samples of 250 grams then sent to Lima to be analysed by ICP-MS techniques for uranium and a larger suite of elements.

Qualified Person

Mr. Ian Foreman, P.Geo., of Foremost Geological Consulting, an independent consultant, is a Qualified Person for the Macusani Plateau properties, as defined under National Instrument 43-101, and has reviewed the scientific or technical data contained in this release.

 

About Macusani Yellowcake

Macusani Yellowcake owns over 24,000 hectares (240 km2) of mineral properties on the

Macusani Plateau in Peru.

There are 55,881,284 common shares of Macusani Yellowcake Inc. outstanding.

FOR FURTHER INFORMATION CONTACT:

Peter Hooper, President Tel: (416) 360-3402 email: peterhooper2@aol.com

Website: www.macusaniyellowcake.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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4 Comments

  1. Bay Street News: Plateau Uranium commences drilling on high-grade Pinocho area, Macusani, Peru / Proposes to Issue Shares to Settle Debt
    November 28, 2016

    […] Pinocho adits were developed along high grade sub-horizontal planar uranium mineralization with thicknesses exceeding 2 metres, surrounded by lower grade disseminated mineralization of unknown thickness, open in all directions […]

  2. Resource News - Plateau Uranium commences drilling on high-grade Pinocho area, Macusani, Peru / Proposes to Issue Shares to Settle Debt
    November 28, 2016

    […] suggests high grades are to be expected (see Company news release of December 14, 2009 through this link and also available at http://www.plateauuranium.com and http://www.sedar.com). Pinocho remains one of the highest […]

  3. Contacto Latino News: Plateau Uranium commences drilling on high-grade Pinocho area, Macusani, Peru / Proposes to Issue Shares to Settle Debt
    November 28, 2016

    […] established previously at Pinocho by IPEN (“Institute of Peruvian Nuclear Energy“). Results of channel sampling completed by the Company from these adits in 2009 suggests […]

  4. Plateau Uranium commences drilling on high-grade Pinocho area, Macusani, Peru / Proposes to Issue Shares to Settle Debt - MONEY® News
    November 28, 2016

    […] suggests high grades are to be expected (see Company news release of December 14, 2009 through this link and also available at http://www.plateauuranium.com and http://www.sedar.com). Pinocho remains one of the highest […]