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Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is pleased to announce successful completion of the Tumas DFS resource upgrade drilling program at the Tumas 3 and 1 East deposits.
Deep Yellow Limited (ASX:DYL) Thick Mineralisation Identified at Barking Gecko
OTCMKTS:DYLLF) is pleased to announce that the Phase 1 follow-up drill program, which comprises 14 holes for 3,500m at the Barking Gecko North prospect (EPL3669) commenced on 12 July 2021 anticipated to be completed mid-September.
Phase 2 will be a similar drilling program to follow once the results of Phase1 drilling are fully determined.
Barking Gecko is part of the Nova Joint Venture project (NJV) in Namibia, located within EPL 369. Japan Oil, Gas and Metals National Corporation (JOGMEC) completed its 39.5% earn-in obligation through expenditure of A$4.5M.
The parties now jointly contributing and the NJV equity holdings are listed in the link below .
Deep Yellow Limited (ASX:DYL) Drilling at Tumas 3 Delivers Significant Resource Upgrade
Drilling at Tumas 3 Delivers Significant Resource UpgradePerth, July 29, 2021 AEST (ABN Newswire) - Uranium developer Deep Yellow Limited (
OTCMKTS:DYLLF) is pleased to announce a significant and impressive Mineral Resource Estimate (MRE) upgrade for the Tumas 3 deposit, located in EPL3496 in Namibia. The deposit is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). See Figure 1 .
HIGHLIGHTS
- DFS resource upgrade drilling at Tumas 3 has delivered an impressive 117% direct conversion of the existing Inferred Mineral Resource to Indicated Mineral Resource category, with an additional 5.7Mlb of Indicated Mineral Resources identified from peripheral zones