For thousands of other reports visit RSC's Mineral Intellingence Map

Deep Yellow Ltd.

opaxe

Summary

Project:

Tumas

Deposit:Tumas 3
Location:Namibia
Commodities:Uranium
Date:7/11/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:11-7-2018: Deep Yellow Ltd. announces a Resource Estimation report for its Tumas 3 deposit at the Tumas project. Updated mineral resource estimate at Tumas 3. Deep Yellow Limited (ASX: DYL) (Deep Yellow) is pleased to announce an updated Mineral Resource
Resources:(Resource, Inf.): 37.5Mt @ 377ppm U3O8 for 31.2Mlb U3O8 contained at Tumas 3
CP/QP:[Resources]: Martin Hirsch (Internal)
ABSTRACT:Deep Yellow Limited (ASX: DYL) (Deep Yellow) is pleased to announce an updated Mineral Resource Estimate (MRE) for the Tumas 3 deposit which, at a 200ppm eU3O8 cut-off now contains 31.2Mlb Inferred Mineral Resources at 377ppm eU3O8 an increase of 32% to the maiden Mineral Resource as announced to the ASX on 27 Sept 2017. The deposit occurs on EPL3496, held by the Deep Yellow wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd. The MRE was undertaken using various cut-off grades using a minimum thickness of 1m and conforms to the 2012 JORC Code of Mineral Resource Reporting. A 4-month resource extension RC drilling program was completed in June 2018, immediately east and west of Tumas 3 (see Figure 1). Drilling added 6km to the previously identified 4.4km long Tumas 3 discovery and defined extensive uranium mineralisation. Of the 274 RC holes drilled for 6,781m, 125 returned positive results – an overall 46% success rate.

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report