Madison Metals Inc. announced additional assay results from the 2024 surface trench sampling program at the Company?s Khan Project in Namibia?s highly prospective Erongo uranium province. The first 10 results released on Feb. 7, 2024 included 8.47% U3O8 over one (1) metre (m) in Trench 6 (KM5TR006).

The new results from Trench 6 have expanded the anomalous width to 4.0 m grading an average of 2.78% U3O8. The assays confirm the surface continuity of mineralized alaskites at Anomaly 5, with uranium grades above 0.1% U3O8 identified across six of the seven sampled trenches. The results span over 600 m from Trench 1 (KM5TR001) northeast to Trench 6, with average grades over the six trenches of 0.47% U3O8.

The two longest anomalous sections are from Trenches 4 and 5 (KM5TR004 and KM5TR005), with 9.0 m over 0.25% U3O8 and 0.39% U3O8, respectively. Throughout the prospecting and trench sampling, numerous showings of beta-uranophane (yellow staining) were found. Beta-uranophane is common in uranium deposits located close to the Welwitschia lineament and is evidence of alteration that has mobilized and deposited secondary uranium.

The uranium mineralization at the Khan Project is hosted in alaskites, similar to the Rössing deposit, six kilometres to the northeast, which has been in operation since 1976. Alteration was instrumental in upgrading the nearby Rössing deposit and Madison believes similar processes have occurred at the Khan Project. Interestingly, roughly 40% of the ore at the Rössing Mine is this secondary mineralization.

It is worth noting that the Rössing Mine has an average grade of 0.033% U3O8 and has produced a total of 145,567 tonnes of uranium oxide through to the end of 2022. The Company?s structural interpretation of the geology suggests proximity to a dilation zone in which mineralized alaskites were preferentially emplaced in an en-echelon pattern as shown in the 300 m wide cross-section. Should these alaskites meet at depth, there could potentially be very significant mineralization below what Madison knows to be anomalously high-grade U3O8 results at surface.

The elevation across this NE-SW cross section drops by roughly 30 m as one go southwest and the whole extent of the 800 m strike of the potentially mineralized zone is approximately 50 m above ground level, which would make it easier to access.