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Deep Yellow has drill bit spinning at Reptile uranium target

A 10,000-metre program is targeting highly prospective paleochannels.
Periodic table
The company aims to push towards an exploration target of 150 million pounds

Deep Yellow Limited (ASX:DYL) has started drilling at the Reptile uranium target in Namibia.

A 10,000-metre reverse circulation program will assess circa 40 kilometres of the 100 kilometres of highly prospective paleochannel system.

It will also test the extensions of the Tumas 1, 2 and 3 deposits for future resource enhancement.

Licences held by subsidiary

The two exploration licences that comprise Reptile are held by Deep Yellow’s wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd.

Target zones isolated for the 2018 drilling work are a direct consequence of the successes of the company’s 2017 work.

Positive results confirmed the high prospectivity of the paleochannels, newly interpreted using the available historic exploration database with the discovery of the Tumas 3 deposit.

Channel systems identified

More than 100 kilometres of channel systems were identified as inadequately tested for Langer Heinrich-style calcrete deposits.

Drilling on these priority target zones is expected to be of an average depth of 30 to 40 metres.

Deep Yellow Limited has a number of uranium projects in Namibia.

This program is expected to be completed by the end of June 2018.

The drilling is continuing the push to increase inferred resources of calcrete type uranium mineralisation towards a target of circa 150 million pounds.

READ: Deep Yellow to explore new uranium targets at Namaqua in 2018

Reptile is northeast of the Nova joint venture at which a 7490-metre scout drilling program was recently completed.

Japan Oil, Gas and Metals National Corporation (JOGMEC) is earning a 39.5% interest in this project.



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