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: | 9/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2017: Deep Yellow Ltd. announces a Resource Estimation report for its Tumas 3 deposit at the Tumas project. Initial resource estimate for the Tumas 3 discovery. Deep Yellow Limited (ASX: DYL) (Deep Yellow) is pleased to announce its highly encouragin | |
| Resources: | (Resource, Inf.): 27.9Mt @ 382ppm U3O8 for 23.5Mlb U3O8 (for a 200ppm U3O8 cut-off) at Tumas 3 | |
| CP/QP: | [Resources]: Martin Hirsch (Internal) | |
| ABSTRACT: | Deep Yellow Limited (ASX: DYL) (Deep Yellow) is pleased to announce its highly encouraging maiden mineral resource estimate (MRE) for the Tumas 3 discovery which, at a 200ppm eU3O8 cut-off, comprises 23.5Mlb inferred mineral resources at a grade of 382ppm eU3O8. This deposit occurs on EPL3496, held by the Deep Yellow wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). 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 three month drilling program at Tumas 3 was completed in July 2017. Drilling outlined a 4.4km long zone of continuous calcrete uranium mineralisation. Of the total 400 holes drilled (for 10,545m), 284 returned positive results – an overall 71% success rate. Mineralisation remains open both west and east and will be the subject of further drilling. Figure 1 shows the location of Tumas 3. The Tumas 3 discovery has significantly increased the Company’s surficial calcrete palaeochannel mineral resource base on this project by 47% which now totals 73.6Mlb U3O8. The mineralisation at Tumas 3 occurs as a distinct mineralised body separate from the other uranium mineral resources the Company has previously identified elsewhere within these palaeochannels in its Tumas 1 & 2 and Tubas Red Sands/Calcrete deposits (see Figure 1). The palaeochannels at Tumas 3, which occur separate from these deposits, have only been sparsely drilled along widely spaced regional lines with large sections completely untested. | |
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