Deep Yellow Limited (DYLLF) Tumas 3 Deposit, Namibia - Follow Up Drilling Commenced
Perth, Australia (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) is pleased to report that a 2,000m RC drilling program is commencing 3 November 2017 on its Tumas 3 uranium deposit in Namibia located within EPL 3496.
This drilling will target the immediate extensions of the Tumas 3 deposit for which a maiden Inferred Resource was announced on 27 September 2017. This resource is open both to the east and west occurring with an extensive and highly prospective palaeochannel system. The drilling is designed to confirm continuation of the uranium mineralisation and also is preparatory to the larger drilling programs scheduled to commence on this project in February 2018.
About Deep Yellow Limited:
Deep Yellow Limited (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.
Source:
Deep Yellow Limited
Contact:
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
Source: ABN/Asia Business Newswire
(November 2, 2017 - 9:05 PM EDT)
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