Madison Metals recently released findings from the maiden drill program conducted at the Khan Uranium Project in Namibia, revealing downhole probe and chemical results that confirm the presence of subsurface zones of uranium connected to high-grade surface results. This confirmation was achieved through drill testing along a 590-meter stretch across a mapped area of 1,000 meters.
The successful results have prompted Madison Metals to plan for a Phase II drilling program aimed at further defining and expanding the uranium resource. The company’s shares have seen a 3.23% increase, trading at C$0.16 as of 9:29 am ET.
The project exhibits characteristics typical of an alaskite-hosted uranium project, with nine reverse circulation drill holes totaling 997 meters completed during the maiden program. The focus was on verifying the subsurface continuity of anomalous surface radiometric readings and trench sampling assays. While only the southern portion of Anomaly 5 was covered by the drilling due to accessibility challenges, Madison Metals is now utilizing the drilling data to delineate target geometry and identify future targets.
Headquartered in Toronto, Madison Metals is an upstream mining and exploration company with a focus on sustainable uranium production in Namibia and Canada. Investors interested in joining the discussion on Madison Metals can access the company’s Bullboard investor discussion forum for insights and opinions.
It is important to note that the information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to exercise caution and conduct thorough research before making investment decisions.
