Deep Yellow
Deep Yellow (ASX: DYL) is an Australia-based pure uranium explorer with extensive operations in the southern African nation of Namibia and in Australia. The company's primary focus is in Namibia where its operations are conducted by its 100% owned subsidiary Reptile Uranium Namibia.
Deep Yellow discovers high-grade uranium mineralisation in Namibia
Thursday, April 29, 2010
Deep Yellow (ASX: DYL) has reported early success from reconnaissance drilling for alaskite hosted uranium mineralisation at its Tubas Alaskite project area in Namibia, held by DYL’s wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).
The area is otherwise known as ‘Alaskite Alley’. ALAR13 is a reverse circulation (RC) drill hole on the second line of reconnaissance drilling within the north-eastern part of RUN’s EPL 3496.
These reconnaissance lines are designed to test for extensions of alaskite hosted mineralisation trending southwest from Extract Resources’ Ida Dome project area.
Discovery hole ALAR13 returned chemical assays of:
- 89 metres at 400 ppm cU3O8 from 128 metres, including: 11 metres at 710 ppm cU3O8 from 182 metres, and 16 metres at 600 ppm cU3O8 from 199 metres.
- 102 metres continuous mineralisation to end of hole at 223 metres.
‘Alaskite Alley’ hosts a number of uranium projects including Rio Tinto’s Rossing Uranium Mine and Extract Resources’ Rossing South and Ida Dome Projects as well as others.
As with other exploration projects, it is usual DYL/RUN practice to first establish any possible disequilibrium issues before quoting equivalent uranium (i.e. down-hole gamma probe) values (as eU3O8).
The company said this ensures the in-field gamma probe results accurately reflect the more time consuming chemical assay values.
As part of this exercise, representative RC chip samples have been sent to ANSTO in Sydney for disequilibrium studies. Results are expected in 6-8 weeks.
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