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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 12/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-12-2019: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas deposit at the Tumas project. Drilling results incl. 8m @ 444ppm eU3O8 from 4m. Deep Yellow Limited (Deep Yellow) is pleased to advise that the exploration drilling | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Katrin Karner (Reptile Mineral Resources and Exploration Pty Ltd.) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow) is pleased to advise that the exploration drilling program in the Tubas Red Sand and Tubas Calcrete area has been completed. Exploration drilling continued from 14 October west of the Tumas Central area along the main Tumas paleochannel on EPL 3496. Exploration drilling aimed at, and succeeded, in outlining additional calcrete-type uranium mineralisation below the surficial Red Sand deposit. Importantly, drilling has also delineated new zones for future resource in-fill drilling within this part of the main Tumas channel. EPL 3496 is held by Reptile Uranium Namibia (Pty) Ltd (RUN), a member of the group of companies wholly owned by Deep Yellow. Exploration drilling has now been shut down for the Christmas break and will resume in late January 2020. Commenting on the continued exploration success, John Borshoff Managing Director/CEO said: “It is highly encouraging that the latest exploration results which has extended testing to the west continues to produce positive results delineating further uranium mineralisation. The Tumas palaeochannel is proving to be a highly prospective target with significant upside. “There is a strong expectation that Tumas will reward the Company with additional uranium resources, as we continue to evaluate and test the remaining 55km of the channel system. “Importantly, our Namibian project portfolio continues to grow as we focus on advancing our dual-pillar growth strategy.” | |
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