Sign up Australia
Proactive Investors - Run By Investors For Investors

Deep Yellow has drill bit spinning at Reptile uranium target

A 10,000-metre program is targeting highly prospective paleochannels.
Periodic table
The company aims to push towards an exploration target of 150 million pounds

Deep Yellow Limited (ASX:DYL) has started drilling at the Reptile uranium target in Namibia.

A 10,000-metre reverse circulation program will assess circa 40 kilometres of the 100 kilometres of highly prospective paleochannel system.

It will also test the extensions of the Tumas 1, 2 and 3 deposits for future resource enhancement.

Licences held by subsidiary

The two exploration licences that comprise Reptile are held by Deep Yellow’s wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd.

Target zones isolated for the 2018 drilling work are a direct consequence of the successes of the company’s 2017 work.

Positive results confirmed the high prospectivity of the paleochannels, newly interpreted using the available historic exploration database with the discovery of the Tumas 3 deposit.

Channel systems identified

More than 100 kilometres of channel systems were identified as inadequately tested for Langer Heinrich-style calcrete deposits.

Drilling on these priority target zones is expected to be of an average depth of 30 to 40 metres.

Deep Yellow Limited has a number of uranium projects in Namibia.

This program is expected to be completed by the end of June 2018.

The drilling is continuing the push to increase inferred resources of calcrete type uranium mineralisation towards a target of circa 150 million pounds.

READ: Deep Yellow to explore new uranium targets at Namaqua in 2018

Reptile is northeast of the Nova joint venture at which a 7490-metre scout drilling program was recently completed.

Japan Oil, Gas and Metals National Corporation (JOGMEC) is earning a 39.5% interest in this project.

View full DYL profile View Profile

Deep Yellow Timeline

Related Articles

Intermin Resources: Access latest PPT from Proactive's CEO Sessions
April 13 2017
Jon Price talked funding drilling program in world-class region with investors.
Wayne-Rossiter-photo.JPG
July 28 2017
We are joined exclusively by Wayne Rossiter, CEO, in Proactive Q&A Sessions™.
Kwale-workers.jpg
August 29 2017
Base Resources has a top quality mineral sands asset at Kwale and is benefiting from a recovery in the market

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use