The results span over 600 m from Trench 1 (KM5TR001) northeast to Trench 6, with average grades over the six trenches of 0.47% U3O8. The two longest anomalous sections are from Trenches 4 and 5 (KM5TR004 and KM5TR005), with 9.0 m over 0.25% U3O8 and 0.39% U3O8, respectively. Throughout the prospecting and trench sampling, numerous showings of beta-uranophane (yellow staining) were found (Pictures 1 and 2). Beta-uranophane is common in uranium deposits located close to the Welwitschia lineament and is evidence of alteration that has mobilized and deposited secondary uranium.
The uranium mineralization at the
Pictures 1 and 2: Yellow-stained mineralization in Trenches 5 and 6 at Madison’s
including | ||||
Trench_ID | Width | U3O8 % | Width | U3O8 % |
KM5TR001 | 7.8 | 0.13 | 3.0 | 0.26 |
KM5TR002 | 7.0 | 0.16 | 2.0 | 0.31 |
KM5TR003 | 5.0 | 0.12 | - | - |
KM5TR004 | 9.0 | 0.25 | 1.0 | 1.28 |
KM5TR005 | 9.0 | 0.39 | - | - |
KM5TR006 | 4.0 | 2.78 | 1.0 | 8.47 |
1.0 | 2.21 | |||
KM5TR007 | 7.0 | 0.07 | - | - |
Table 1: Average Grades from seven trenches at Madison’s
Figure 1: Location of Anomaly 5 trenches and mapped alaskites. The chemical assays shown are % U3O8.
“We are extremely encouraged by this discovery and the high-grade uranium assays this area is generating,” said
The Company’s structural interpretation of the geology suggests proximity to a dilation zone in which mineralized alaskites were preferentially emplaced in an en-echelon pattern as shown in the 300 m wide cross-section (Figure 2). Should these alaskites meet at depth, there could potentially be very significant mineralization below what Madison knows to be anomalously high-grade U3O8 results at surface. The elevation across this NE-SW cross section drops by roughly 30 m as you go southwest and the whole extent of the 800 m strike of the potentially mineralized zone is approximately 50 m above ground level, which would make it easier to access.
Figure 2: Schematic cross-section of the mapped mineralized alaskites at Anomaly 5.
Quality Assurance and Quality Control
Sampling was completed following industry best practices, conducted under the supervision of the Company’s project geologists. Samples were collected and forwarded to
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ir@madisonmetals.ca
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This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the proposed future exploration and drilling by Madison.
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Photos accompanying this announcement are available at:
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Picture 1
Yellow-stained mineralization in Trenches 5 and 6 at Madison’s Khan Project in Namibia .
Picture 2
Yellow-stained mineralization in Trenches 5 and 6 at Madison’s Khan Project in Namibia .
Figure 1
Location of Anomaly 5 trenches and mapped alaskites. The chemical assays shown are % U3O8.
Figure 2
Schematic cross-section of the mapped mineralized alaskites at Anomaly 5.
2024 GlobeNewswire, Inc., source