08:56 AM EDT, 04/18/2024 (MT Newswires) -- Madison Metals ( MMTLF ) said Thursday that its mapping campaign outlined priority targets at the Khan uranium project in Namibia.

The program consisted of infill geological mapping along with ground scintillometer and spectrometer surveys over the previously announced Anomaly 5 drill targets.

Madison said it has added new drill targets at Anomaly 5, while the results of the recent mapping and surveying program increased surface expression of radiometric D-type leucogranites.

Previous surface sample assays from Anomaly 5 included 9.0 meters grading 0.25% uranium in Trench 4, 9.0 meters grading 0.39% uranium in Trench 5, and 5.0 meters grading 0.12% uranium in Trench 3.

Madison's shares jumped 3.5% yesterday.