March Quarterly Activities Report
March Quarterly Activities Report
Perth, April 29, 2019 AEST (ABN Newswire) - In March Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) announced an updated Mineral Resource Estimate (MRE) for Tumas 1&2, Tumas 1 East and Tumas 3 West which has resulted in the combined Measured, Indicated and Inferred Mineral Resource Estimate over these deposits increasing to 67.4Mlb grading 352ppm eU3O8.

HIGHLIGHTS

REPTILE PROJECT

- Resource estimate update from infill drilling at Tumas 1&2, Tumas 1 East and Tumas 3 West produced a 51% increase of the resource base while maintaining the average grade.

o Combined Measured, Indicated and Inferred Mineral Resources now stand at 67.4Mlb grading 352ppm eU3O8 from these deposits.

- Resources within the Tumas palaeochannel system now total 86.2Mlb at 310 ppm eU3O8 - three-fold increase since November 2016.

- Overall palaeochannel-related Mineral Resources have been doubled since November 2016 and are now 104.2Mlb grading 295ppm eU3O8.

Post Quarter Results

- Positive ongoing drilling at Tumas 1 East identified 3km of continuous mineralisation in Tributary 5.

- Exploration drilling at Tumas Central successfully defining consistent uranium mineralisation along 1.5km of palaeochannel.

- 60km of uranium-fertile palaeochannel targets remains to be properly tested (only 50% of target evaluated to date).

NOVA JV PROJECT

- JOGMEC approved annual budget of A$1.05M to March 2020

To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/DMPMP112


About Deep Yellow Limited

Deep Yellow Limited ASX DYLDeep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new contrarian 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 global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.

  


Contact

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



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