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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas 1 | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 11/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2018: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 1 deposit at the Tumas project. Drilling results incl. 9.0m @ 1799ppm eU3O8 from 0m. Deep Yellow Limited (Deep Yellow) is pleased to announce that the resource infi | |
| 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 that the resource infill drilling in the Tumas 1 East area on EPL3497, testing two of the five tributaries, has now been completed. Extensive uranium mineralisation has been confirmed within Tributaries 1 and 2. EPL3497 is held by Reptile Uranium Namibia (Pty) Ltd, part of the group of companies wholly owned by Deep Yellow. Since the last drilling update (as reported 5 November 2018) 157 holes have been drilled from 1 to 23 November for 1,828m completing the resource definition drilling on Tributary 1 and the upper reaches of Tributary 2. In total, 265 RC holes for 3,100m have been drilled since 1 October testing these two tributaries. Although more resource infill drilling is required in Tumas 1 East to test three more mineralised tributaries that have been identified, the two RC rigs working in this area have now been moved to carry out resource drilling over the highly prospective western extension of the Tumas 3 discovery. This will then complete the 2018 drilling campaign. Figure 1 shows the prospective paleochannel system outline and prospect locations. Tumas 1 East Resource Drilling As previously reported, exploration drilling testing the headwaters east of the Tumas 1 deposit has identified a uranium-fertile multipronged channel system comprising, at this stage, seven tributaries draining into the main Tumas palaeochannel in the vicinity of the Tumas 1 deposit. Continuous uranium mineralisation was identified along Tributary 1 and the upper reaches of Tributary 2 (see Figure 2). Resource infill drilling from November 1 to 23 has now confirmed the continuity of this uranium mineralisation for 4.6km in Tributary 1 and 1.6km for Tributary 2, all totalling 6.2km. | |
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