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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 10/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-10-2019: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas deposit at the Tumas project. Drilling results incl. 6m @ 284ppm eU3O8 from 11.1m. Deep Yellow Limited (Deep Yellow) is pleased to report the completion of the expl | |
| 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 report the completion of the exploration and resource drilling in the Tumas 3 East, West and Central palaeochannel. Importantly, exploration drilling has better defined the uranium mineralisation at Tumas 3 East and West and closed off the previously discovered mineralisation at Tumas Central all on EPL 3496. EPL 3496 is held by Reptile Uranium Namibia (Pty) Ltd (RUN), part of the group of companies wholly owned by Deep Yellow. As advised in the 21 August announcement, the first phase of drilling for the FY19 program at Tumas 1 East Tributaries 1, 2, 4, 5 and 8 concluded in mid-August with new resources identified which are now the subject of a new Mineral Resource Estimate due to be released in early November. Total RC drilling in this program included 118 RC holes for 895m. This program was followed in late August by exploration drilling at Tumas 3 East, West and resource drilling at Tumas Central. By 12 October a total of 144 RC holes for 3214m were completed. The drilling focus has now been moved further west in the Tubas area. | |
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