- Tumas 3 discovery returns an impressive maiden mineral resource estimate of 23.5Mlb at 382ppm eU3O8 as inferred resources.
- Maiden resource contributes a significant 47% improvement to the existing palaeochannel related mineral resource base occurring on the Reptile Project.
o this significantly advances the project toward achieving stated objectives
- Tumas 3 result fully supports the high prospectivity of the 125km of palaeochannel target that has been delineated of which 100km remains to be tested.
- Early scout RC drilling on the Nova JV project identifies greater than 100ppm eU3O8 calcrete uranium mineralisation in a newly delineated palaeochannel.
o highlights increasing prospectivity and adds another 70km of untested palaeochannels.
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About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is a specialist uranium company implementing a new strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a geographically diverse asset portfolio.
In parallel to its expansion objectives, the Company has a cornerstone suite of projects in Namibia, a top-ranked African mining destination with a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.
Deep Yellow Limited (ASX:DYL) Scout Drilling Identifies New Mineralised Palaeochannel on Nova JV Project