TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- Macusani Yellowcake Inc. (the "Company") (TSX VENTURE: YEL)(FRANKFURT: QG1) is pleased to announce the first drilling results from the Tupuramani property located on the Macusani Plateau in southeastern Peru.
Tupuramani is located immediately to the west of, and adjacent to, the Colibri 2 & 3 deposit where the company had previously reported a NI 43-101 resource estimate of 5.4 M lbs indicated at 0.027% U3O8 (0.53 lbs/ton) and 15.1 M lbs inferred at 0.020% U3O8 (0.40 lbs/ton) using a 75 ppm cut-off grade. The large radiometric anomaly depicted and successfully drilled at Colibri 2 & 3 extends for another 3.75 km across the Tupuramani property and continues onto the Company's Micha Michani property.
Tupuramani was acquired in the merger with Southern Andes Energy ("SUR"). The Tupuramani-Micha Michani radiometric anomaly was identified by SUR's geologists west of the Colibri 2 & 3 anomaly. After preliminary reconnaissance field studies Macusani Yellowcake made drilling the Tupuramani anomaly a priority.
Selected assay results from boreholes drilled at Tupuramani include:
---------------------------------------------------------------------------- Depth From To Intersection Grade Grade (m) (m) (m) (m)(i) (ppm) (lbs/ton)----------------------------------------------------------------------------PT-TP01-TV 296.00 0.00 54.00 54.00 281 0.562 58.00 64.00 6.00 102 0.204 66.00 69.00 3.00 45 0.090 71.00 96.00 25.00 40 0.080 143.00 161.00 18.00 45 0.090 177.00 184.00 7.00 42 0.084 191.00 199.00 8.00 182 0.364----------------------------------------------------------------------------PT-TP01-TNE 246.50 0.00 31.00 31.00 212 0.424 36.00 43.00 7.00 77 0.154 50.00 53.00 3.00 55 0.110 96.00 154.00 58.00 40 0.080 176.00 182.00 6.00 76 0.152 185.00 197.00 12.00 108 0.216 201.00 213.00 12.00 58 0.116 225.00 246.50 21.50 56 0.112----------------------------------------------------------------------------PT-TP01-TSW 47.00 0.00 23.00 23.00 208 0.416 26.00 47.00 21.00 308 0.616----------------------------------------------------------------------------PT-TP03-TV 88.50 0.00 20.00 20.00 150 0.300 22.00 27.00 5.00 44 0.088 30.00 38.00 8.00 99 0.198----------------------------------------------------------------------------(i) The widths above are drill intercepts and not true widths. True widthshave not been determined.
