Deep Yellow (ASX:DYL) - Chairman, Chris Salisbury
Chairman, Chris Salisbury
Source: Deep Yellow
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  • Deep Yellow (DYL) completed its phase one reverse circulation (RC) drilling program at the Barking Gecko North prospect in Namibia
  • Fourteen RC holes have been drilled to help define the 3D setting of the mineralised intrusions and to test for extensions to the previously discovered mineralisation
  • Pleasingly, DYL reports 13 of the 14 holes intersected uranium mineralisation with a best result of 923 parts per million triuranium octoxide
  • Downhole optical televiewer logging is now underway with the imagery to be used to better define the main structural trend of the mineralised intrusions
  • Deep Yellow is up 6.42 per cent on the market with shares trading at $1.16

Deep Yellow (DYL) has completed its phase one reverse circulation (RC) drilling program at the Barking Gecko North prospect in Namibia.

Barking Gecko is part of the Nova Joint Venture Project which is held between Deep Yellow’s subsidiary, Reptile Mineral Resources and Exploration, and three other parties.

Drilling began on July 12 and wrapped up on October 6 with 14 reverse circulation (RC) holes, for 3561 metres drilled.

This drilling program focused on defining the 3D setting of the mineralised intrusions and testing for extensions to the mineralisation previously discovered.

Drilling was successful with 13 of the 14 holes intersecting uranium mineralisation with a best result of 12 metres at 923 parts per million (ppm) triuranium octoxide from 214 metres.

Other results include 21 metres at 886ppm triuranium octoxide from 199 metres, four metres at 837ppm triuranium octoxide from 190 metres and 21 metres at 611ppm triuranium octoxide from 151 metres.

Downhole optical televiewer logging (OPTV) is now underway and once completed, the imagery will be used to better define the main structural trend of the mineralised intrusions.

Additionally, a phase two follow-up drilling is planned to begin in 2022 once all results from the current drilling program have been evaluated.

Deep Yellow was up 6.42 per cent on the market with shares trading at $1.16 at 12:19 pm AEDT.

DYL by the numbers
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