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Madison Metals Identifies Follow-Up Drill Targets at Kenora Uranium Project
TORONTO, June 21, 2022 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce that the 2021 field exploration s
About this update from Critical One Energy Inc.
[{"type":"text","content":" TORONTO, June 21, 2022 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is pleased to announce that the 2021 field exploration season identified follow-up drill targets to further confirm and expand on the Rössing geological model for uranium deposits thought to exist on the Kenora project. The highest uranium values from the channel samples were collected from the Bee Lake Area with the highest being: Channel From (m) To (m) Width (m) U ppm U3O8 ppm BL-L18E 5.3 9.2 3.9 975 1150 The highest uranium values on file from the drill samples were collected from the Richard Lake Area with the highest being: Hole ID From (m) To (m) Width (m) U ppm RL007-12 68.65 70.70 2.05 808 As a follow-up to the airborne geophysical survey conducted across most of the property in 2006, and ground radiometric sampling and diamond drilling by others, Madison hired Emerald Geological Services (“Emerald”) to prospect on the land package and investigate a selection of uranium anomalies. Madison’s land package includes 1,947 units covering an area of 12.6 kilometres (km) wide (North to South) and 49.3 km long (West to East). The Emerald geological team conducted channel sampling across prospective high radiometric anomalies at Bee Lake, close to Highway 17 and Cobble Lake. A total of 91 samples were collected from this program (86 channel samples and five grab samples). These samples were bagged, labelled and delivered by the crew to Activation Laboratories in Dryden, Ontario, Canada for processing and then shipped to Ancaster, Ontario, Canada to be analyzed by Activation Laboratories using Instrument Nuclear Activation Analysis (INAA) and whole-rock analysis. In addition to this work, some prospecting was undertaken in the Richard Lake, Ely Lake and Peterson Lake areas with anomalous radiometric readings observed. The highest being 3,500 cps (counts per second) in a trench at Richard Lake and an outcrop reading 400 cps at Patterson Lake. At Bee Lake a total of nine channels were cut varying from 2 to 17 metres (m) in length for a total of 87.5 metres cut. From these cuts, 58 rock channel samples averaging roughly a metre long and five centimetres (cm) wide by five to seven cm deep were collected. In addition to this, two grab samples were collected. The Bee Lake area channels cover an area of 300 metres wide,...