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    Deep Yellow intersects thick uranium mineralisation at Namibian project

    Deep Yellow Limited (ASX:DYL) has reported that four holes from Phase 1 follow-up drilling at the Barking Gecko North prospect within its Nova Joint Venture project have intersected uranium mineralisation.

    The preliminary results come from a 14-hole 3,500 program which commenced in July and is expected to continue through until September.

    Key results include:

    • Hole TN258RC
      • 8m @ 561ppm eU3O8 from 90m
      • 17m @ 465ppm eU3O8 from 178m
      • 21m @ 901ppm eU3O8 from 199m
      • 5m @ 332ppm eU3O8 from 224m
      • 19m @ 254ppm eU3O8 from 234m
    • Hole TN257RC
      • 16m @ 232ppm eU3O8 from 108m
      • 2m @ 322ppm eU3O8 from 223m
    • Hole TN256RC
      • 6m @ 264ppm eU3O8 from 54m

    The company reports that drilling continues to highlight the “highly prospective” nature of Barking Gecko North, with mineralisation open to the southeast/east and at depth.

    RC drilling continuing to evaluate the southeast/east extension of this zone

    Nova Joint Venture project

    The Barking Gecko prospect is located within the Nova Joint Venture project in Namibia.

    In November 2016, Deep Yellow executed a joint venture agreement with Japanese Government Agency JOGMEC, covering exploration and development at the Nova Project. JOGMEC completed its earn-in of AUD$4.5 million over a 4 year period to earn a 39.5% interest in Nova.

    The joint venture is applying innovative geophysical and geochemical exploration methods and systematic drilling to the discovery of buried mineralisation.

    Images: Deep Yellow Limited
    Tristan Lal
    Originally from Canada, Tristan contributes daily breaking news to Mining.com.au. Tristan completed her Bachelor of Journalism in Queensland, Australia and has over 10 years experience writing on a range of topics including resources, medical, construction, and business.

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    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00