Madison Metals completes maiden drill programme at Namibia project

Uranium mineralisation was successfully intersected at depth in six of the nine drill holes.

• The most significant observations during the Company’s chip logging include:
• Elevated pXRF readings from chips with a maximum value of 1.54% U₃O₈.
• Multiple mineralised zones intersected included a 15 m mineralised zone averaging pXRF 0.3% U₃O₈.
• Fresh mineralised D-type leucogranite characterised by smoky quartz.
• Uranium mineralisation at depth in six drill holes.

The recent nine holes confirm Madison’s geological expectations and logging has confirmed that uranium-bearing D-type alaskites have intruded the Khan group which is comprised of calc-silicates, quartzites and schists at depth.

“We are excited and encouraged by the results of our maiden drill programme, having successfully intersected uranium mineralisation at depth in six out of the nine holes drilled. This achievement marks a significant step forward in our exploration programme,” said Dr. Roger Laine, a Director of Madison and geological engineer with 40+ years of expertise in advanced mineral exploration projects. “The confirmed stratigraphic level on the property provides the ideal conditions for high-grade alaskite-hosted uranium mineralisation similar to that at the Rossing and Husab Mines in Namibia.”