Macusani Yellowcake Announces Filing of Preliminary Economic Assessment (PEA) for Uranium Deposits in Peru
16 January 2014 - 9:36AM
Marketwired
Macusani Yellowcake Announces Filing of Preliminary Economic
Assessment (PEA) for Uranium Deposits in Peru
TORONTO, ONTARIO--(Marketwired - Jan 15, 2014) - Macusani
Yellowcake Inc. (the "Company") (TSX-VENTURE:YEL)(FRANKFURT:QG1)
announced that it has filed on SEDAR today the Preliminary Economic
Assessment (PEA) for its uranium deposits in Peru as disclosed in
the Company's press release of December 5, 2013. The results from
the PEA demonstrate that the Project has the potential to become a
large, low-cost uranium mining operation. In addition, there
remains excellent exploration potential to further expand the size
of the existing Mineral Resource.
Details can be found in the Company's press release of December
5, 2013 and the PEA, both of which have been filed and are
available for viewing and download on www.sedar.com or on the
Company's website (www.macyel.com/PEA/).
About Macusani Yellowcake
Macusani Yellowcake Inc. is a Canadian uranium exploration and
development company focussed on the exploration of its properties
on the Macusani Plateau in southeastern Peru. The Company owns a
99.5% interest in concessions that cover over 90,000 hectares (900
km2) and are situated near significant infrastructure. Macusani
Yellowcake is listed on the TSX Venture Exchange under the symbol
'YEL' and the Frankfurt Exchange under the symbol 'QG1'. The
Company has 159,473,613 shares outstanding. For more information
please visit www.macyel.com.
Disclaimer: Mineral resources are not mineral reserves and
do not have demonstrated economic viability. Mineral resources may
never be converted into mineral reserves. In additon,
"inferred mineral resources" have a great amount of uncertainty as
to their existence, and as to their economic and legal feasibility.
It cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher resource
category.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Macusani Yellowcake Inc.Laurence StefanPresident and
CEO+1-416-628-9600laurence@macyel.comwww.macyel.comFacebook:
www.macyel.com/facebook/Twitter: www.twitter.com/macusani/
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