Deep Yellow Limited (ASX:DYL) June Quarterly Activities Report
Deep Yellow Limited (ASX:DYL) June Quarterly Activities ReportPerth, July 20, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
HIGHLIGHTS
- Tumas Definitive Feasibility Study progressing well and on schedule for completion in December quarter 2022
- Tumas Project Environmental Impact Assessment Scoping Report delivered to Namibian Government agencies and Mining Licence Application will be submitted by end of July 2021
- Infill resource upgrade RC drilling at Tumas 3 completed in support of the DFS, with 755 holes drilled in the quarter for 14,955m
- Completion of drilling at Tumas 3 West finalises broader Tumas 3 RC infill program with 911 holes completed for 17,679m
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Deep Yellow Limited (ASX:DYL) December Quarterly Activities Report
OTCMKTS:DYLLF) completed the second phase of the September/October RC drilling program at the Tumas 3 deposit, located on EPL3496 (Figure 1 ) in October (ASX announcement 29 October 2020). The project is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).
The second phase of the drilling program targeted the peripheral zones of the Tumas 3 deposit, to clearly define the edges of the uranium mineralisation along and across the palaeochannel to assist reserve estimation.
Drill results along the margins of the deposit exceeded expectations, with 57% of the 53 holes completed returning uranium mineralisation greater than 100ppm eU3O8 over 1m, and 34% returning uranium mineralisation greater than 200ppm eU3O8 over 1m.