Deep Yellow Limited: Quarterly Activities Report for the Period Ending 30 September 2017
Perth - Deep Yellow Ltd. (ASX:DYL) (OTCMKTS:DYLLF) provides the Company's Quarterly Activities Report for the period ending 30 September, 2017.HIGHLIGHTS
- Tumas 3 discovery returns an impressive maiden mineral resource estimate of 23.5Mlb at 382ppm eU3O8 as inferred resources.
- Maiden resource contributes a significant 47% improvement to the existing palaeochannel related mineral resource base occurring on the Reptile Project.
o this significantly advances the project toward achieving stated objectives
- Tumas 3 result fully supports the high prospectivity of the 125km of palaeochannel target that has been delineated of which 100km remains to be tested.
- Early scout RC drilling on the Nova JV project identifies greater than 100ppm eU3O8 calcrete uranium mineralisation in a newly delineated palaeochannel.
o highlights increasing prospectivity and adds another 70km of untested palaeochannels.
To view the full report, please visit:
http://abnnewswire.net/lnk/2675O0G9
About Deep Yellow Limited:
Deep Yellow Ltd. (ASX:DYL) (OTCMKTS:DYLLF) is a specialist uranium company implementing a new 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 geographically diverse asset portfolio.
In parallel to its expansion objectives, the Company has a cornerstone suite of projects in Namibia, a top-ranked African mining destination with a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.
Contact:
Deep Yellow Ltd.
John Borshoff Managing Director/CEO
T: +61-8-9286-6999
F: +61-8-9286-6969
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au