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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas 1 | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 10/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2018: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 1 deposit at the Tumas project. Drilling results incl. 17.0m @ 329ppm eU3O8 from 0m. Deep Yellow Limited (Deep Yellow) is pleased to announce continued encouraging | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Martin Hirsch (Reptile Mineral Resources and Exploration Pty Ltd.) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow) is pleased to announce continued encouraging drilling results on EPL3497 where the recently discovered continuous mineralisation at the Tumas 1 East palaeochannel area (as announced 3 October 2018) has now been further extended and has also identified a new mineralised channel to the north. Broad exploration drilling was also conducted on the smaller tributaries south of the main mineralised tributary which did not identify significant mineralisation. This EPL is held by Reptile Uranium Namibia (Pty) Ltd, part of the group of companies wholly owned by Deep Yellow. In the first 2 weeks of October (since the last drilling update announcement) another 50 RC holes for 563m have been completed increasing the extent of the newly identified mineralised channel east of Tumas 1. Mineralisation definition work will continue in this area longer than originally planned before returning to resource drilling over the highly prospective western extension of Tumas 3. Figure 1 shows the paleochannel system and prospect locations. Exploration drilling upstream of Tumas 1 East has now extended the mineralisation by 1.1km and the total length of mineralised channel in the main tributary, named Tail 1, now occurs over a 4.6km length. Up to 12 October 2018 a total of 121 holes have been drilled for 1,561m in the Tail 1 area with 26 RC holes for 362m drilled since last reported. These focussed on Tails 1, 2, 3 and the newly discovered Tail 4. Drill spacings vary from 50 to 100m along lines 200 to 800m apart. | |
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