Madison Metals Down 8%, Nearer 52 Week Lows Even As Drilling Confirms High-Grade Uranium at Khan Project in Namibia

MT Newswires Live06-25

Madison Metals Inc. (GREN.CN) was at last look down more than 8% and nearer to 52 week lows -- despite strong gains for the broader market -- after saying Monday it completed its maiden drill program of nine holes (997m) of reverse circulation (RC) drilling at the Khan Uranium Project at Madison West, in Namibia's Central Erongo Uranium province, and confirmed high-grade uranium deposits. Uranium mineralization was intersected at depth in six of the nine drill holes, the company said.

"This achievement marks a significant step forward in our exploration program," said Dr. Roger Laine, a Director of Madison and geological engineer. "The confirmed stratigraphic level on the property provides the ideal conditions for high-grade alaskite-hosted uranium mineralization similar to that at the Rossing and Husab Mines in Namibia."

Price: 0.28, Change: -0.03, Percent Change: -8.20

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(GREN.CN) was at last look down more than 8% and nearer to 52 week lows -- despite strong gains for the broader market -- after saying Monday it completed its maiden drill program ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UEC","symbol_name":"Uranium Energy Corp","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2446789883","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446789883","pubTimestamp":1719256089,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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