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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas 3 | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 12/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2017: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 3 deposit at the Tumas project. Drilling results incl. 6m @ 309ppm eU3O8 from 2.1m. Deep Yellow Limited (Deep Yellow) is pleased to report continued encouraging dri | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Martin Hirsch (Internal) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow) is pleased to report continued encouraging drilling results from the recently completed extension drilling at Tumas 3 located within EPL3496 and held by Deep Yellow’s wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd. The drilling program focused on testing for extensions of Tumas 3 to the immediate east and west. This work was completed 2 December 2017 with 62 RC holes drilled for 1,878m. The maiden inferred resource announced 27 September 2017 was interpreted to be open to both the east and west and this short drilling campaign was targeted to determine the full extent of the previously identified zone of uranium mineralisation. The drilling delineated additional uranium mineralisation, extending the Tumas 3 discovery further to the east by 2.2km and to the west by 0.6km to a total strike length of 7.2km. Of the total 62 exploration holes drilled 27 returned positive results – an overall 44% success rate. Equivalent uranium oxide (eU3O8) values have been determined and the mineralised zone is defined by intersections showing greater than 100ppm eU3O8 over 1m or more as defined from gamma logging using a fully calibrated Auslog down hole logger. Drill hole spacing was 100m along 300m to 600m spaced lines aiming to define the limits of uranium mineralisation to the east and west of the Tumas 3 resource within the main paleochannel system and to give a guideline for optimal spacing to use for future first-pass target drilling. Figure 2 shows the new area that was tested within the palaeochannel system and also shows the drill hole locations in relation to the Tumas 3 deposit. | |
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