Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Oct. 12, 2011) – Macusani Yellowcake Inc. (the “Company”) (TSX VENTURE:YEL)(FRANKFURT:QG1) is pleased to announce additional assay results from the ongoing drilling program at the Chilcuno Chico anomaly on the Kihitian Property in Puno, Peru. These results continue to extend both the “A” zone and deeper Manto “B” zone. The best result was a 9 m intersection from 49 to 58 m that returned a weighted average of 1,448 ppm U3O8 (or 2.896 lbs/ton). This intersection included a higher-grade zone of 4.0 m that averaged 2,597 ppm U3O8 (or 5.194 lbs/ton). (Note that these intersections do not represent true widths.)
