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: | 5/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-5-2017: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Tumas 3 deposit at the Tumas project. Drilling results incl. 12m @ 1239ppm eU3O8 from 5.1m. Deep Yellow Limited (DYL) is pleased to report continued encouraging drilling r | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Martin Hirsch (Internal) | |
| ABSTRACT: | Deep Yellow Limited (DYL) is pleased to report continued encouraging drilling results from the 10,000m drilling program currently underway on EPL3496, held by DYL’s wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN) (Figure 1). The ongoing drilling of the Tumas 3 target zone has delineated additional uranium mineralisation, significantly extending the discovery since it was initially reported in April (see DYL ASX announcement 19 April 2017). Of the 144 vertical holes drilled for 3611m to 15 May 2017, 128 of these holes returned positive results – a very significant 88.9% success rate. This drilling has extended the palaeochannel associated mineralisation by 58% to 1.9km from the 1.2km previously reported. The Tumas 3 mineralisation still remains open, strongly justifying continued drilling and sourcing a second drilling rig to accelerate the program. Drilling is being conducted on a 100m x 100m spacing and on program completion is considered will be of sufficient resolution to estimate a maiden inferred resource in the September quarter. This emerging discovery occurs as a distinct mineralised zone separate from the uranium resources the Company has identified within these palaeochannels in its Tumas 1 & 2 and Tubas Red Sands/Calcrete deposits (see Figures 1 and 2). The palaeochannels occurring away from these deposits have only been sparsely drilled along widely spaced regional lines, leaving opportunity for both continuing the extension of Tumas 3 and for further discoveries within what can now be seen as an inadequately tested, highly prospective palaeochannel of 100km in length. | |
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