For thousands of other reports visit RSC's Mineral Intellingence Map
Deep Yellow Ltd.
Summary
| Project: | Nova | |
|---|---|---|
| Deposit: | nova | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 10/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-10-2017: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its nova deposit at the Nova project. JV with JOGMEC - drilling results incl. 5.6m @ 281ppm eU3O8 from 18.8m. Deep Yellow Limited (Deep Yellow) is pleased to announce positi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Hirsch (Reptile Uranium Namibia Pty Ltd.) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow) is pleased to announce positive results from the early part of a 7,500m scout drilling program currently being carried out on its Nova Joint Venture project Namibia (the JV) where JOGMEC is earning a 39.5% interest. The overall drilling is designed to gain initial assessment of 10 alaskite and skarn associated basement targets and to test 3 newly identified palaeochannels that have been delineated within EPLs 3669 and 3670. This first-pass drilling campaign commenced 11 September on the Speke’s group of targets located in the northern part of EPL3669 and, as of 10 October, 25 RC holes for 2,299m have been completed. Figure 1 shows the general Nova JV tenement locations also with the EPL3669 prospect locations, Figure 2 shows the drill-hole locations and Appendix 1 lists all drill-hole information. The reinterpretation of a previously flown VTEM survey identified palaeochannels not known to exist on both of the tenements. These channels are essentially new discoveries not identifiable from the surface. Their geophysical similarities with other mineralised palaeochannels in the region indicated that they may contain calcrete type uranium mineralisation. Three drill sections involving 14 holes for 639m were completed to test one of these newly identified palaeochannels. In the most northern section, drilling encountered uranium mineralisation in three adjacent holes (TN035 to TN037 – see Figure 2). These averaged 220ppm eU3O8 over 3.5m between depths of 18 to 23m as determined by fully calibrated Auslog down-hole gamma logging unit. An historic hole (NTNR4) drilled in 2010 located 100m to the west, targeting basement mineralisation also showed uranium mineralisation, in cover sediments | |
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