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Deep Yellow Ltd.
Summary
| Project: | Nova | |
|---|---|---|
| Deposit: | nova | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 12/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2018: Deep Yellow Ltd. announces an Exploration/Drilling Update report for its nova deposit at the Nova project. JV with JOGMEC - drilling results incl. 14m @ 184ppm eU3O8 from 74m. program carried out on its Nova Joint Venture project, Namibia (Nov | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Hirsch (Reptile Uranium Namibia Pty Ltd.) | |
| ABSTRACT: | program carried out on its Nova Joint Venture project, Namibia (Nova JV) where Japanese Japan Oil, Gas and Metals National Corporation (JOGMEC) is earning a 39.5% interest on expenditure of A$4.5M. The drilling program started on 4 October and was suspended on 14 December 2018 to allow for the Christmas break. The overall drilling campaign was designed to follow up encouraging drilling results from 2017 at the Namaqua palaeochannel and to test other channels in addition to various basement targets defined by the 2018 airborne spectrometric and magnetic survey. Four basement targets and six palaeochannels (including Namaqua) were targeted for this investigation. This exploration drilling totalled 4,874m and involved 122 RC holes. Figure 1 shows the Nova JV tenements – EPLs 3669 and 3670. Figure 2 shows the exploration target locations where drilling occurred in 2018. Results of drilling at Bungarra, Monitor and Berger’s Channels along with basement targets at Cape Flat, Agama and Meerkat Hill recorded little or no mineralisation and drill hole locations for these areas are referred to in Appendix 1. Results of those targets where notable uranium mineralisation was encountered | |
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