| Risk and valuation analysis of the Macusani East Project |
| Status Risk : Early Discovery |
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| Title(s) of the Macusani East Project |
 | Frontier Pacific Mining
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Signed an option agreement with Solex Resources to earn a 50% interest in 35 uranium mineral concessions. Total exploration expenditures for the option period have been increased from the USD2 million to USD4 million to reflect the increase in concession areas from the initial 4000 ha to 30,000 ha. |
 | Southern Andes Energy Inc.
Joint venture: 50% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In March, 2005, Solex formed a joint venture with Frontier Pacific Mining Corporation whereby Frontier has the right to earn a 50% interest in the Macusani uranium project by spending US$4 million over 5 years as the operator on the property. To date, Frontier is well ahead of its payment schedule. For updates on what exploration activities have been done, |
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| Location of the Macusani East Project |
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The Macusani project is situated within the Province of Carabay, Department of Puno, in southeastern Peru, on the slopes of the Eastern Cordillera on the Quenamari Plateau. The climate in the region is alpine with annual precipitation ranging from 1, more...
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| History of the Macusani East Project |
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Historical reports from 1983 refer to the areas of Chapi, Corani, Tantamaco, Huiquiza, Calvario, Concha Rumio, Huachanne, Chilcuno, Chacaconiza and the surrounding area to the town of Macusani potentially having in the order of 200,000 tonnes of uranium carrying ore with average grades from 0.2% to 12% of U3O8 (Bulletin 71 - Peruvian Geological Society - Sept. 1983)
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| Geology of the Macusani East Project |
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Uranium mineralization consists primarily of secondary yellow to greenish yellow uranium minerals (such as coffinite, autunite, tyuyamunite and carnotite) hosted in outcropping Pliocene ignimbrite flows. Typical occurrences consist of fracture coated more...
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