Madison Metals identifies high-grade uranium at Namibia project

The project consists of Mining Licence 86A (ML86A) and Exclusive Prospecting Licence 8905 (EPL-8905) and is immediately southwest of the producing Rössing Uranium Mine. Historically, detailed exploration for uranium has never been conducted at ML86A due to copper mining activities within the licence.

Madison exploration activities focused on the validation of untested airborne radiometric anomalies as well as understanding the geological setting and determining the continuity of mineralised alaskites. ML86A is underlain by favourable geology for Rössing-type deposits in the Central Namib where units of the Damara Supergroup are intruded by uranium-mineralised alaskites.

Based on the analysis of the airborne survey, several anomalies were detected adjacent to the Khan mine working and adits on EPL-8905. Follow-up field work indicated that these anomalies were mainly non-fertile SLG (Sheeted Leucogranite) commonly known as C type. Additional anomalies led Madison’s team to focus on the SE on Anomaly 5, where uranium-bearing D type SLG have been identified.

“The Khan Project is quickly becoming an extremely valuable asset to Madison, having huge potential for making new high-grade uranium discoveries sitting right next to two operating uranium mines,” said Duane Parnham, Executive Chairman and CEO of Madison Metals. “Madison has deployed field personnel to perform channel sampling and chemical analysis across favourable high-grade uranium rocks and expand the ground survey to other targets at ML86A in advance of a planned 2024 drilling programme at Anomaly 5.”

Read the article online at: https://www.globalminingreview.com/mining/18122023/madison-metals-identifies-high-grade-uranium-at-namibia-project/