- With the receipt of a Namibian Environmental Clearance Certificate, Madison Metals (GREN) is preparing for a drilling program
- The ECC authorizes Madison to commence exploration activities, including extensive reverse circulation and core drilling on its properties
- EPL-8531 and EPL-8115 are located in the renowned Erongo Uranium Province of Namibia
- Madison Metals is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada
- Madison Metals Inc. (GREN) is down 3.85 per cent on the day, trading at C$0.75 per share at 1 pm ET
With the receipt of a Namibian Environmental Clearance Certificate, Madison Metals (GREN) is preparing for a drilling program.
The ECC is underpinned by the submitted and approved Environmental Impact Assessments and Environmental Management Plans. The ECC is valid for a period of three years, ending on October 18, 2025.
The ECC authorizes Madison to commence exploration activities, including extensive reverse circulation and core drilling on its properties, marking the start of an exciting phase of exploration and discovery for the company. EPL-8531 and EPL-8115 are located in the renowned Erongo Uranium Province of Namibia. The properties host favourable geology for granite-hosted uranium deposits.
EPL-8531 highlights
- Located 50 km west of the Rössing Uranium Mine
- Characterized by numerous faults, synforms and antiforms, as well as units of the Chuos, Arandis and Karibib Formations, resulting in a favourable structural and geological setting for granite-hosted uranium deposits
- Historical drilling over two targets totalled 3,720 metres of RC drilling from 50 drill holes
- Historical Inferred Mineral Resource Estimate by SRK Consulting (UK) Limited of 15.6 Mt grading at 260 ppm U3O8 for a contained metal total of 9.0 Mlbs U3O8
- Drill-ready targets with a substantial drill program planned for 2023
EPL-8115 highlights
- Located 18 km southwest of the Rössing Uranium Mine
- Relatively under-explored
- Favourable geology (basement rocks intruded by leucogranites), which coincides with airborne radiometric anomalies
Madison Metals is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada.
Madison Metals Inc. (GREN) is down 3.85 per cent on the day, trading at C$0.75 per share at 1 pm ET.