macusani yellowcake inc (YEL) Snapshot

Macusani Yellowcake Inc. announced assay results from an additional five drill holes from the ongoing drilling program at the Chilcuno Chico anomaly on the Kihitian Property in Puno, southeastern Peru. These results continue to extend both the Manto 'A' mineralized zone and deeper Manto 'B' zone. The best result was from drill hole PT-CH23-TSE, with a 13m intersection along Manto 'B' from 247m to 260m, that returned a weighted average of 1,962ppm U(3) O(8) (or 3.852 lbs/ton) including two higher-grade zones: the top zone of 3m that averaged 800ppm U(3) O(8) (or 1.600 lbs/ton) and the bottom zone of 5m that averaged 4.491ppm (or 8.982 lbs/t). These results are from holes drilled towards the south and southwest from the existing geological resource within the Chilcuno Chico target on the Kihitian concession. To date, drilling within the Chilcuno Chico anomaly has delineated an area of approximately 920 m by 900 m where Manto 'B' remains open in all directions. Although Manto 'A' showed continuity there is less consistency with respect to its shape and the occurrence of uranium mineralization compared to Manto 'B'. Current Exploration: At present, the company is operating six diamond drill rigs on the Macusani plateau: three drills on the Kihitian project (one drill at Quebrada Blanca and two drills at Chilcuno Chico) and three drills at the Tupuramani anomaly that represents the westward extension of the existing geological resource calculated at Colibri 2 and 3. This phase of intense drilling will end within the next 45 days. A resource estimation has already been started by Mineral Corporation and will be released when completed.

Macusani Yellowcake, Inc. announced the first recovery results from tests conducted on higher grade uranium mineralization from the Kihitian property on the Macusani plateau. The samples were collected from the Pinocho and Chilcuno Chico targets within the Kihitian property. Very high levels of uranium extraction of over 99% were achieved. These are the first recovery results from the Kihitian property and are consistent with the excellent amenability to leaching reported for samples from nearby Colibri 2/3 property. In addition to the high recoveries, the test results also showed fast leaching kinetics. Acid consumption ranged from 302 to 380 kg/t. Although this level of acid consumption appears high, these samples contain more uranium to dissolve than lower grade samples. Acid consumption on a "per gram of uranium" basis is actually lower. A very important trend was observed when comparing the assayed head grades and the calculated head grades. The assayed head grades of samples were 2.94, 4.14 and 13.39%, as assayed by Certimin Laboratories in the initial exploration assays. In contrast, the calculated head grades (3.57, 9.00 and 15.85 % U) are significantly higher. The calculated grades are 18% to 121% higher than the assayed grades. Calculated grades are more accurate than assayed grades since leach solution concentration is homogeneous and easy to sample and potential fire assays errors are confined to the diminished values in the leach residue. This finding could have major implications for the size of the mineral resource.

Macusani Yellowcake, Inc. announced the appointment of Mr. Aaron Keay as an additional director of the company, subject to regulatory approval. Mr. Keay currently serves as the President & Managing Partner of Inform Capital and President & CEO of Revolution Resources Corp.