For thousands of other reports visit RSC's Mineral Intellingence Map
Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas 3 | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 4/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-4-2018: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 3 deposit at the Tumas project. Drilling results incl. 8m @ 733ppm eU3O8 from 3m. Deep Yellow Limited (Deep Yellow) is pleased to report continued encouraging drilli | |
| 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 ongoing semi-regional exploration and Tumas 3 East resource drilling program which is being carried out on EPL3496. This EPL is held by Deep Yellow’s wholly-owned subsidiary, Reptile Uranium Namibia (Pty) Ltd (RUN). As reported previously, the programs commenced 12 February 2018 with semi-regional exploration drilling to the west of Tumas 3. Phase 1 of this regional program was completed on 21 March with 89 RC holes drilled for 3,984m. This was immediately followed by resource drilling east of the Tumas 3 uranium deposit with 84 RC holes drilled for 1939m and work is ongoing. The balance of the 10,000m campaign remaining to be drilled in the period to 30 June 2018 is continuing and will focus on resource drilling over the Tumas 3 east and Tumas 1 & 2 extension areas plus further semi-regional exploration drilling. Figure 1 shows the palaeochannel system and prospect locations. The resource drilling east of the Tumas 3 deposit targeted the mineralised zone which was broadly delineated during the November 2017 drilling program. The latest drilling has confirmed existence of the predicted continuous uranium mineralisation extending over 2km in length. Of the total 84 holes drilled, 50 returned positive results – an overall 60% success rate. Equivalent uranium oxide (eU3O8) values as reported herein have been determined by Deep Yellow personnel and these will be validated for resource estimation purposes. The equivalent uranium values are based on down-hole radiometric gamma logging carried out by a fully calibrated Aus-Log gamma logging system. | |
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