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Deep Yellow Ltd.
Summary
| Project: | Nova | |
|---|---|---|
| Deposit: | Nova | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 10/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-10-2019: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its Nova deposit at the Nova project. Drilling results incl. 3m @ 307ppm eU3O8 from 43m. Deep Yellow Limited (Deep Yellow) advises the 2019 exploration drilling program on it | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Katrin Karner (Reptile Uranium Namibia Pty Ltd.) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow) advises the 2019 exploration drilling program on its Nova Joint Venture Project (Nova JV) over EPL3669 Namibia where JOGMEC is earning a 39.5% interest on expenditure of A$4.5M within four years. This earn-in will complete in the following budget year. The drilling program started on 27 August and is estimated to be completed on 1 November. Results to 23 October are included in this announcement. The overall drilling campaign was designed to follow up encouraging drilling results from 2018 at the Namaqua palaeochannel and to test other channels in addition to testing various basement targets defined by the 2018 airborne spectrometric and magnetic survey. On EPL3669 three basement targets and two palaeochannels (including Namaqua) were targeted for this investigation. This exploration drilling totalled 3,472m and involved 60 RC holes. Figure 1 shows the Nova JV tenements – EPLs 3669 and 3670. Figure 2 shows the exploration target and drill hole locations. Results of drilling at the Goanna palaeochannel target and basement targets at Berger’s and Turtle’s Neck recorded little or no mineralisation. Those targets where notable uranium mineralisation was encountered are the Namaqua palaeochannel and the Barking Gecko basement areas as referred to in Figures 3 to 4. Appendix 1 lists all drill hole information. | |
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