Here is the ann....
31 March 2010
Deep Yellow Limited (DYL) has been advised by the MSA Group (MSA) of Cape Town, South Africa, of a delay in the delivery of the first draft of the initial INCA resource estimate being conducted by MSA.
As previously announced to the ASX (25 February 2010), the first draft of the resource estimate was anticipated to be delivered by 26 March 2010. However, as a result of additional requests for information by MSA regarding detailed geological aspects of INCA drilling, logging and analytical results, as well as a work break for the upcoming South African public holidays for Easter, the first draft of the initial resource estimate for INCA has been delayed to the week of 14 April 2010.
It should be noted that it is incumbent on MSAs JORC Code specialists to fully understand the nature of the geology, drilling, and logging of mineralisation at INCA by DYLs 100% owned subsidiary Reptile Uranium Namibia Pty Ltd (RUN), in order to assign appropriate confidence levels to the estimated resource in accordance with the JORC Code.
It should also be noted that following receipt of the first draft of the resource estimate from MSA, RUN must embark on a detailed review and collaboration process with MSA in order to verify the estimate prior to the release to the market.
In the meantime, RUN has advised that ongoing drilling outside of the initial resource drilling area at INCA has returned additional mineralised intercepts based on gamma logging. An update of these results will be released at the end April following receipt of confirmatory chemical assays.
Now I dunno if it doesn't tell us anything. The line at the end about RUN(read DYL), "....has returned additional mineralised intercepts based on gamma logging....." Is a little teaser aint it?
I know I risk getting us bogged down in a discussion about pedantics / grammar but I it was me releasing this, "non-event" I would want to put a little ray of sunshine in there somewhere...
So my question is - Is that little comment new info or not? I'd work it out myself but I have a 3 year old repeating , "I'm hungry" in my ear over and over.
Still good news coming eventually.
Back later.
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