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Deep Yellow Ltd.
Summary
| Project: | Nova | |
|---|---|---|
| Deposit: | Nova | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 1/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2020: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Nova deposit at the Nova project. Drilling results incl. 1m @ 130ppm eU3O8 from 5m. Deep Yellow Limited (Deep Yellow) advises that exploration drilling program on its Nova | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Katrin Karner (Reptile Uranium Namibia Pty Ltd.) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow) advises that exploration drilling program on its Nova Joint Venture project (Nova JV) on EPL3670 in Namibia was completed in December. JOGMEC is earning a 39.5% interest on expenditure of A$4.5M within 4 years, commencing November 2016. The overall drilling campaign was designed to test four previously unexplored palaeochannels in addition to one extensive basement target defined by the 2018 airborne spectrometric and magnetic survey. The exploration drilling on EPL3670 totalled 3,009m for 153 RC holes. Figure 1 shows the Nova JV tenements – EPLs 3669 and 3670. Figure 2 shows the exploration targets and drill hole locations on EPL3670. Results of palaeochannel drilling at Day Gecko, Bibron and STD 24 and Komodo 2 basement target zone with the exception of ore hole recorded below cut-off uranium mineralisation. At the STD 24 target, notable uranium mineralisation was encountered in calcrete located in a palaeochannel as referred to in Figure 3. Appendix 1 lists all drill hole information. | |
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