Madison Metals Uranium Project Preparations are Underway

Madison Metals Inc. (CSE: GREN) is pleased to announce that the Namibian Ministry of Environment has given it Environmental Clearance Certificates, Fisheries and Tourism for two Exclusive Prospecting Licences (EPLs 8115 and 8531) (collectively known as the Properties). The ECCs are supported by the submitted and approved Environmental Impact Assessments and Environmental Management Plans. The ECCs will be in effect for three years, until October 18, 2025. In the new year, Madison can begin exploring EPL-8531 and EPL-8115 in Namibia’s Erongo Uranium Province, starting a discovery and exploration phase. Rössing and Husab mines are accessible by truck (Figure 1). The geology of these areas is ideal for uranium deposits embedded in granite. 

EPL-8531 highlights

Synforms and antiforms, as well as faulting and folding, give rise to favorable uranium-bearing granite deposits near Rössing. Chuos, Arandis, and Karibib formations are credited with creating favorable geological and structural conditions for granite-based uranium deposits. Fifty drill holes were drilled across two targets, accumulating 3,720 m of RC drilling. A historical mineral resource estimation by SRK Consulting (UK) Limited estimated a contained metal quantity of 9.0 Mlbs U3O8 at 260 ppm U3O8, based on 15.6 Mt of 260 ppm U3O8. A significant drill campaign is planned for 2023. 

EPL-8115 highlights

Relatively under-explored, situated 18 km southwest of Rössing Uranium Mine. Favorable geology (leucogranites intruded into basement rocks), which coincides with airborne radiometric anomalies.

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