The intersection, from borehole PT-CH8-TNE, returned 6.0m with a weighted average grade of 0.115% U3O8 (2.31 lbs/ton) within 9.0m averaging 0.077% U3O8 (1.55 lbs/ton).
The second intersection, from borehole PT-CH9-TNW, returned 4.0m with a weighted average grade of 0.14% U3O8 (2.81 lbs/ton) within a larger interval of 10.0m averaging 0.059% U3O8 (1.18 lbs/ton).
The company believes that these intercepts are the extensions of the adits that were completed by IPEN during the 1980s at Chilcuno Chico and located 80m away to the SW.
The company said that platforms 8 and 9 were drilled with the objective of demonstrating that Kihitian ‘Level A’ is actually thicker than previously understood.
The mineralized area of ‘Manto A’ can be as thick as 22m within which the high-grade core is up to 7m-8m thick with grades of multiple pounds of U3O8.
The drilling at Kihitian by the company has consistently encountered high-grade uranium mineralization in much thicker intervals than the mineralization exposed in the adits.
The company is currently operating two drills on the Kihitian property and intends to add a third drill in the near future.
