Madison strikes true at Khan

Achievement marks a significant step forward
The company says it is encouraged by the results of its maiden drill programme.
STAFF REPORTER
  • 3 Months Ago
Madison Metals announced in June that it has completed its maiden drill programme of nine holes (997 m) at its Khan Uranium Project at Madison West, located in the central Erongo uranium region, confirming high-grade uranium deposits.

Uranium mineralisation was successfully intersected at depth in six of the nine drill holes, the company said.

The most significant observations during the company’s chip logging include elevated readings with a maximum value of 1.54% U3O8, multiple mineralised zones intersected, including a 15-metre mineralised zone, and uranium mineralisation at depth. Madison stated that the recent nine holes confirm the company’s geological expectations.

“We are excited and encouraged by the results of our maiden drill programme, having successfully intersected uranium mineralisation at depth in six out of the nine holes drilled. This achievement marks a significant step forward in our exploration programme,” said Dr Roger Laine, a director of Madison and geological engineer with more than 40 years of expertise in advanced mineral exploration projects.

“The confirmed stratigraphic level on the property provides the ideal conditions for high-grade alaskite-hosted uranium mineralisation similar to that at the Rössing and Husab mines in Namibia,” he said.

The true thickness of intercepts will be accounted for following structural drilling and 3D modelling, the company announced.

Madison is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada, with over 50 years of mining experience.