Madison Metals says the new results from Trench 6 at its Khan Project in Namibia’s Erongo region have expanded the anomalous width to 4.0 m, grading at an average of 2.78% U3O8.
The Khan Project under licence 86A was formerly known as the Khan Copper Mine and had never been explored for uranium.
Madison Metals owns 90% interest under contract.
The company says these results confirm the surface continuity of mineralised alaskites at Anomaly 5, with uranium grades above 0.1% U3O8 identified across six of the seven sampled trenches.
The two longest anomalous sections are from Trenches 4 and 5, with 9.0m over 0.25% U3O8 and 0.39% U3O8, respectively.
Madison Metals further said numerous showings of beta-uranophane (yellow staining) were found throughout the prospecting and trench sampling.
Beta-uranophane is common in uranium deposits close to the Welwitschia lineament and is evidence of alteration that has mobilised and deposited secondary uranium.
Madison Metals CEO Duane Parnham said the discovery and the high-grade uranium assays are extremely encouraging.
“We have traced extremely high-grade uranium mineralised alaskites at the surface for over 800 metres. We believe that a maiden drilling program will identify similar types of mineralisation at depth,” Parnham said.
He added that Madison was directing its attention towards transforming that mineralised zone from possibility to reality.
