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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas 3 | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 4/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-4-2020: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 3 deposit at the Tumas project. Drilling results incl. 14m @ 2461ppm eU3O8 from 5m. Deep Yellow Limited (Deep Yellow or the Company) is pleased to announce the comple | |
| 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 or the Company) is pleased to announce the completion of the infill drilling program at the Company’s Tumas 3 deposit on EPL 3496 in Namibia. The drill program was developed to identify sufficient Indicated Resources to support the Tumas 3 Pre-Feasibility Study (PFS) the Company is currently undertaking. The drill program focussed on converting approximately 50% of the Inferred Resources at Tumas 3 to an Indicated JORC status. EPL 3496 is held by Reptile Uranium Namibia (Pty) Ltd (RUN), part of the group of companies wholly owned by Deep Yellow. On 29 January 2020 the Company announced the commencement of an infill drilling program for the ongoing Tumas 3 PFS. The drill program was completed on 24 March, comprising 246 RC holes for 5,154m. | |
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