Madison Metals Identifies Follow-Up Drill Targets at Kenora Uranium Project
Madison Metals Identifies Follow-Up Drill Targets at Kenora Uranium Project
TORONTO, ON – June 21, 2022 – Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) is
pleased to announce that the 2021 field exploration season identified follow-up drill targets to further
confirm and expand on the Rössing geological model for uranium deposits thought to exist on the Kenora
project.
The highest uranium values from the channel samples were collected from the Bee Lake Area with the
highest being:
Channel From (m) To (m) Width (m) U ppm U3O8 ppm
BL-L18E 5.3 9.2 3.9 975 1150
The highest uranium values on file from the drill samples were collected from the Richard Lake Area with
the highest being:
Hole ID From (m) To (m) Width (m) U ppm
RL007-12 68.65 70.70 2.05 808
As a follow-up to the airborne geophysical survey conducted across most of the property in 2006, and
ground radiometric sampling and diamond drilling by others, Madison hired Emerald Geological Services
(“Emerald”) to prospect on the land package and investigate a selection of uranium anomalies. Madison’s
land package includes 1,947 units covering an area of 12.6 kilometres (km) wide (North to South) and 49.3
km long (West to East).
The Emerald geological team conducted channel sampling across prospective high radiometric anomalies
at Bee Lake, close to Highway 17 and Cobble Lake. A total of 91 samples were collected from this program
(86 channel samples and five grab samples). These samples were bagged, labelled and delivered by the
crew to Activation Laboratories in Dryden, Ontario, Canada for processing and then shipped to Ancaster,
Ontario, Canada to be analyzed by Activation Laboratories using Instrument Nuclear Activation Analysis
(INAA) and whole-rock analysis. In addition to this work, some prospecting was undertaken in the Richard
Lake, Ely Lake and Peterson Lake areas with anomalous radiometric readings observed. The highest being
3,500 cps (counts per second) in a trench at Richard Lake and an outcrop reading 400 cps at Patterson
Lake.
At Bee Lake a total of nine channels were cut varying from 2 to 17 metres (m) in length for a total of 87.5
metres cut. From these cuts, 58 rock channel samples averaging roughly a metre long and five centimetres
(cm) wide by five to seven cm deep were collected. In addition to this, two grab samples were collected.
The Bee Lake area channels cover an area of 300 m etres wide, trending East-West, on the west side of
Highway 17 and confirm the results from the 2008 drilling below surface. The assays f rom the channel
sampling were checked and entered into a database; then mineralized intervals were calculated. Resulting
intervals are presented in the Kenora Channel GT summary table below.
At the Cobble Lake area, one of the most noteworthy radiometric anomalies, five channels were cut and
28 channel samples were collected in four areas using the same technique as for Bee Lake . In addition,
three grab samples were collected over Cobble Lake cliff.
The Cobble Lake area is a long linear airborne radiometric anomaly (High U, high U/Th) with no road
access. Prospecting was done from the lakeshore by boat landing at four different areas along the shore.
Anomalous radiometric readings of 300 -500 cps were encountered over a 3.5-km length. Leucogranite
outcrops were also examined and checked with values ranging from 600 -750 cps with two readings of
1,560 cps being recorded.
Significant results of the channel samples from Bee Lake (BL) and Cobble Lake (CBL) are as follows:
KENORA CHANNEL GT SUMMARY
Major Sample Intervals Internal Sample Intervals
Channel From (m) To (m) Width (m) U ppm U3O8 ppm From (m) To (m) Width (m) U ppm U3O8 ppm
BL-L1W 0.0 5.0 5.0 237 279 0.0 1.0 1.0 861 1015
BL-BL00 0.0 5.5 5.5 336 396 1.0 2.0 1.0 562 663
BL-L1E 0.0 2.0 2.0 568 670 0.0 1.0 1.0 846 998
BL-L9E 0.0 4.0 4.0 29 34
BL-L13E 9.0 12.0 3.0 333 393 10.0 11.0 1.0 607 716
BL-L18E 0.0 3.0 3.0 435 513
BL-L18E 5.3 9.2 3.9 975 1150 6.2 9.2 3.0 1119 1320
BL-L24E 5.0 6.8 1.8 381 449
BL-L24E 8.0 9.0 1.0 166 196
BL-
L29E+4m
0.0 8.0 8.0 22 26
BL-
L29E+4m
12.0 14.0 2.0 103 121
BL-L31E 0.0 6.0 6.0 40 47
CBL-001 0.0 5.0 5.0 29 34
CBL-002 0.0 5.0 5.0 32 38 U to U3O8 conversion factor = 1.1792
CBL-003 0.0 4.0 4.0 21 25
CBL-004 1.0 6.0 5.0 87 103
CBL-004 0.0 10.0 10.0 66 78
CBL-005 0.0 4.0 4.0 31 37
Cobble Lake Grab Sample 415343 32 37
Cobble Lake Grab Sample 415344 32 38
Cobble Lake Grab Sample 415345 20 23
BL Grab Sample 415346 216 255
BL Grab Sample 415347 616 726
In the last few months, Madison contracted Oryx Geological Services to finish the compilation and produce
maps for the drilling done by Delta Uranium after homogenizing the lithologies reported in the drill holes.
A review of recorded core scintillometer data and correlation of readings with assays will be undertaken.
Recently missing core assay data with certificates has been retrieved from Act ivation Labs. The assay
portion of the database was updated and corrected to then produce d rill hole sections and plan views.
With this new data , Dr. Roger Laine calculated the grades of the numerous mineralized intervals in a
systematic way highlighting the best intervals as shown in the attached table of significant diamond drill
results. Dr. Laine is a director of Madison who provides scientific support to the Company.
Emerald had also taken GPS coordinates of the adits that were mined back in 1958. This and the adit map
from OGS report 130 (1975) w ere digitized to the best of our GIS ability and were included in the plan
view of the drilling at Richard Lake. The plan view and cross-sections confirm that there are indeed at least
two mineralized dykes at Richard Lake, as reported in OGS Report 130 by Pryslak. As no surface mapping
was done to locate precisely wh ere those dykes are , Madison cannot at this stage see which one was
mined. The area cross-sections in combination with the plan view seem to indicate more than two dykes.
Some assays are still missing from the Richard Lake drill holes; as there were no sample tags on the logs,
we have to as sume that drill holes RL08-21, -22, -24 and -25 were not sampled. Attempts to locate the
historic core are ongoing.
Significant results of the diamond drilling samples are shown on the following drill hole tables.
Drill Hole GT Table by Dr. Roger Laine
Major Sample Intervals Internal Sample Intervals
Hole ID From (m) To (m) Width (m) U ppm From (m) To (m) Width (m) U ppm
BEE LAKE
BL08-01 5.80 8.55 2.75 38
BL08-01 21.28 30.50 9.22 218 23.30 24.95 1.65 1052
BL08-02 6.00 10.70 4.70 47
BL08-02 23.00 40.35 17.35 70 24.10 27.00 2.90 354
BL08-02 37.10 40.35 3.25 34
BL08-03 12.10 14.75 2.65 109
BL08-04a 4.64 17.74 13.10 77 14.20 17.74 3.54 149
BL08-04a 53.87 58.35 4.48 53
BL08-005 45.00 47.00 2.00 73
BL08-006 64.60 66.00 1.40 61
BL08-007 55.00 80.50 25.50 26
BL08-015 6.50 7.50 1.00 120
BL08-015 15.10 16.60 1.50 240
BL08-015 29.00 31.80 2.80 45
BL08-016 4.00 14.00 10.00 164
BL08-016 4.00 37.00 33.00 93 21.00 27.00 6.00 122
BL08-016 32.00 34.00 2.10 117
ELY LAKE
EL08-001 53.65 69.15 15.50 266 53.64 64.00 10.35 350
EL08-001 89.50 93.50 4.00 81
EL08-003 68.00 71.00 3.00 60
EL08-003 150.00 151.00 1.00 229
EL08-004 17.00 28.00 11.00 99 20.00 22.00 2.00 164
EL08-004 34.00 44.00 10.00 93 38.00 43.00 5.00 137
EL08-004 48.00 69.00 21.00 73 48.00 56.00 8.00 136
EL08-004 68.00 69.00 1.00 138
EL08-005 58.00 69.00 11.00 82 58.00 60.00 2.00 119
EL08-005 58.00 73.00 15.00 69 67.00 69.00 2.00 226
EL08-005 91.00 92.00 1.00 108
FEIST LAKE
FL08-001 36.50 38.50 2.00 122
FL08-003 11.00 14.00 3.00 100
FL08-003 26.71 34.11 7.40 49
NIXON LAKE
NL08-001 13.00 16.00 3.00 59
NL08-001 28.00 29.00 1.00 135
NL08-001 41.75 44.75 3.00 189
NL08-001 56.00 56.50 5.00 163
NL08-001 63.00 64.00 1.00 119
NL08-002 29.00 38.84 9.84 117
NL08-002 41.75 44.75 3.00 189
NL08-002 55.50 67.00 11.50 82 62.00 65.00 3.00 130
NL08-003 27.46 29.45 1.99 125
NL08-003 99.55 126.00 25.58 109 99.55 103.00 3.45 234
NL08-003 106.30 109.11 2.81 204
NL08-003 111.83 112.83 1.00 295
NL08-003 117.00 121.01 4.01 166
Grade from INAA otherwise indicated in italics when from ICP
Major Sample Intervals Internal Sample Intervals
Hole ID From (m) To (m) Width (m) U ppm From (m) To (m) Width (m) U ppm
RICHARD LAKE
RL007-01 83.15 86.00 2.85 134
RL007-02 30.00 32.35 2.35 194
RL007-03 38.40 41.30 2.90 131 37.40 39.40 1.00 249
RL007-04 53.00 59.35 6.35 129 53.00 54.00 1.00 474
RL007-05 39.95 49.10 19.05 425 44.35 49.10 4.75 765
RL007-05 51.30 53.00 1.70 272 44.35 53.00 6.00 499
RL007-05 55.65 59.00 3.35 319
RL007-05 90.70 91.75 1.00 418
RL007-06 31.00 43.00 12.00 360 31.00 34.00 3.00 561
RL007-06 35.00 39.00 4.00 584
RL007-06 47.00 53.00 6.00 84
RL007-06 64.00 74.50 10.50 59 72.50 74.50 2.00 160
RL007-07 13.90 18.20 4.30 91 13.90 15.00 1.00 224
RL07-008 17.50 20.20 2.70 65
RL007-10 12.50 13.85 1.35 139
RL007-10 59.40 60.25 0.85 284
RL007-11 48.00 56.40 8.40 467 48.00 51.00 3.00 1003
RL007-11 72.00 75.00 3.00 86
RL007-11 84.00 91.00 7.00 179 89.00 91.00 2.00 438
RL007-11 96.00 97.20 1.20 95
RL007-12 46.70 48.25 1.55 395 46.70 48.25 1.55 612
RL007-12 68.65 70.70 2.05 808
RL007-13 18.00 22.40 4.40 110 20.00 22.40 2.40 151
RL007-14 15.40 18.40 3.00 72
RL007-15 9.55 14.00 4.45 136
RL007-16 10.90 19.00 8.10 71 11.50 13.00 1.50 193
RL007-16 25.00 32.00 7.00 75 29.15 32.00 2.85 99
RL007-16 33.00 33.50 0.50 172
RL007-17 33.00 33.50 0.50 172
RL007-17 35.90 36.45 0.55 371
RL007-18 28.50 29.50 1.00 177
RL007-19 85.40 86.50 1.10 365
RL007-19 92.60 93.40 0.80 535
RL007-19 147.00 151.00 4.00 50
RL07-020 207.00 217.00 9.00 42
RL07-020 221.00 237.00 16.00 121
RL007-23 115.00 119.00 4.00 460
WILSON LAKE
WL08-001 71.00 84.00 13.00 55 76.00 77.00 2.00 117
WL08-002 65.15 75.10 9.95 43
WL08-002 39.00 40.00 1.00 114
WL08-002 89.00 94.00 5.00 42
WL08-003 30.00 52.55 22.55 47 39.00 40.00 1.00 114
WL08-004 67.00 70.10 3.10 99 68.00 70.00 2.00 115
WL08-004 79.00 108.00 29.00 31
WL08-005 14.00 27.40 13.40 45
WL08-006 41.00 45.00 5.00 50
WL08-007 50.00 55.07 5.07 50
WL08-010 41.00 44.03 3.03 69 41.00 43.03 203.00 89
Grade from INAA otherwise indicated in italics when from ICP
The Kenora property is extensive with over a dozen selected target areas identified requiring field
mapping, pegmatite leucogranite rock sampling and drilling. For the 2022 season and beyond, Madison is
pleased to announce it has hired Oryx Geological Serv ices to help with the prospecting , finalize the
database and establish positive community relations . Oryx was chosen for its expertise in Ontario
regarding exploration-drilling permit applications and extensive exploration as well as database
management. T hey have offices in the Canadian cities of Toronto, Sudbury (Ontario) and Winnipeg
(Manitoba). Upon completion of the database and cross -section mapping of all historical drill holes and
channel sampling, Madison is planning a 60-hole, 2,000-metre drilling program at the Kenora project.
Qualified Person
Bob Komarechka, P.Geo. is a Qualified Person as that term is defined by Canadian Regulatory guidelines
under NI 43-101, and has read and approved the technical information contained in this press release.
About Madison Metals Inc.
Madison Metals Inc is green energy resource company with experienced management having particular
expertise in the uranium mining industry. Madison’s corporate objective is to build value by advancing
Rossing-type deposits identified in Canada and Namibia by utilizing cutting-edge technology and modern
strategies.
Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the
Company’s SEDAR profile at www.sedar.com.
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 416.489.0092
Media:
Adam Bello
Primoris Group Inc.
+1 416.489.0092
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the adequacy or accuracy of this release.
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