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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas 1 East | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 8/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-8-2019: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 1 East deposit at the Tumas project. Drilling results incl. 6m @ 1514ppm eU3O8 from 0m. Deep Yellow Limited (Deep Yellow) is pleased to report the completion of the | |
| 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 report the completion of the exploration and resource upgrade drilling in the Tumas 1 East palaeochannel. Resource drilling along Tributary 5 on EPL 3497 was completed where drill densities are now sufficient to undertake an Inferred Resource Estimation. Importantly, exploration drilling has delineated a new zone of high-grade uranium mineralisation at the confluence of Tributary 8 and the main Tumas channel. This EPL is held by Reptile Uranium Namibia (Pty) Ltd (RUN), part of the group of companies wholly owned by Deep Yellow. As advised in the June 2019 Quarterly Report, the first phase of drilling for the 2019/20 program commenced in July with resource-focussed infill RC drilling at Tributary 5 (409m involving 40 holes) and concluded mid-August after completing exploration drilling of Tributaries 3, 6 and 8 (486m involving 78 holes). Total drilled in this program was 118 RC holes for 895m. All tributaries in the Tumas 1 East area have now been explored with resources established in Tributaries 1, 2, 4; and Tributary 5 is now ready for resource estimation to begin. Figures 1 and 2 show the prospective palaeochannel system outline and prospect locations. | |
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