Recent News
July 27, 2010
Macusani Yellowcake Intersects Higher-Grade Uranium at Colibri 2 and 3 Properties
July 19, 2010
June 9, 2010
Company Profile
Macusani Yellowcake Inc. is a Canadian uranium exploration company with over 24,000 hectares (240 km2) of mineral properties on the Macusani Plateau in south-eastern Peru. The shares are traded on the TSX Venture Exchange under the symbol 'YEL' and on the Frankfurt Exchange under the symbol 'QG1'. The Company is focused on adding shareholder value through exploration success.
Investment Highlights
- The company is exploring a major uranium concession in south-eastern Peru
- Drilling began in July 2007
- 2.1M lbs of uranium (grade of 0.44 lbs/t) indicated and 14.5M lbs (grade of 0.34 lbs/t) inferred at 75 ppm cutoff grade on first of four target concessions
- Shareholders include Khan Resources (16.7%), Homeland Uranium (12.7%), and Mega Uranium (10.0%)
- Expected production from large, low-grade, heap leach, near-surface deposits
- Metallurgical work indicates recovery rates of 90% and above
