Deep Yellow Limited (ASX:DYL) December Quarterly Activities Report

Perth, Jan 15, 2019 AEST (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (DYLLF:OTCMKTS) provides the Company's December Quarterly Activities Report.

HIGHLIGHTS

- Tumas 1 East (EPL 3496 Reptile Project) - highly significant uranium mineralisation identified in previously unknown tributary channels 1, 2, 4 and 5.

o To date a total of 16km of highly prospective mineralised channel has been identified for follow-up resource drilling.

o First stage of infill resource drilling has delineated a zone of 6.2km ready for resource estimation work with the balance to be infill-drilled during 2019.

- Tumas 3 West (EPL 3497 Reptile Project) - infill resource drilling of a tributary palaeochannel identified 2.2km of mineralised channel also to be considered for resource estimation work.

- Nova JV Project (EPLS 3669/3670) - 2018 exploration drilling totalling 122 RC holes involving 4,874m was completed.

o Encouraging results encountered in palaeochannels on both EPLs.

o At the Iguana Prospect on EPL 3669 drilling intersected narrow uranium mineralisation in basement rocks.

- An updated Mineral Resource Estimate is expected in Q1 2019 incorporating Tumas 1 East and Tumas 3 West.

To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/1FH0987V


About Deep Yellow Limited

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, leading uranium company producing 10+ Mlb pa. The Company's portfolio consists of two advanced projects in Tier-1 uranium mining jurisdictions - flagship Tumas in Namibia and Mulga Rock, Western Australia. 

Deep Yellow's future growth is underpinned by its highly prospective exploration portfolio - Alligator River, Northern Territory and Omahola, Namibia with ongoing M&A focused on high quality assets should opportunities arise that best fit the Company's strategy. Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long-term to provide baseload power supply and achieve zero emission targets. Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.

   

Contact

John Borshoff Managing Director/CEO T: +61-8-9286-6999 Email: john.borshoff@deepyellow.com.au www.deepyellow.com.au