significant uranium discovered...

Significant uranium discovered


Written by David Adetona
Monday, 06 September 2010 07:34


Deep Yellow Limited (DYL) recently announced new drilling results that indicate additional significant uranium intercepts at the company�s drilling Tubas Red Sand (TRS) uranium deposits in Namibia.
TRS consists of secondary uranium mineralisation (carnotite) in well-sorted aeolian (windblown) sand which occurs immediately south of the Tubas palaeochannel.
The exploration was a follow up on reconnaissance drilling for alaskite uranium mineralisation and was carried out by Reptile Uranium Namibia (Pty) Limited.
DYL is an Australian-based pure uranium company with principal exploration and development activity in Namibia through its 100% owned subsidiary Reptile Uranium Namibia (Pty) Limited.


Four consecutive drill holes at the project site on Reconnaissance Line 3 intersected alaskite hosted uranium mineralisation at 400 ppm cU3O8, a mineralised zone of at least 300 metres across strike.
The Alaskite hosted uranium mineralisation is similar to Rio Tinto�s Rossing Uranium Mine to the north and Extract Resources� Rossing South Projects to the north-north-east.
The targeted resource drilling on a nominal 100 by 100 metre grid around well mineralised areas such as surrounding, and between, holes ALAR1, 13 and 62 will commence following redeployment of rigs from other project areas,� Patrick Mutz, the managing director of Deep Yellow said.
On 29 April, DYL announced drill results from discovery hole ALAR13 which returned 89 metres at 400 ppm cU3O8 from 128 metres.
Since then, follow on drilling has continued and significantly, the four consecutive drill holes on Reconnaissance Line 3 have returned chemical assays of approximately 400 ppm cU3O8 and greater, indicating a potential width of significant mineralisation across strike of at least 300 metres
A total of 76 holes for 16,029 metres of drilling have been completed on the first three reconnaissance lines.
The conclusion reached from the detailed drilling is that ALAR13 may have been drilled partially or wholly down-dip of the mineralised occurrence and this may have biased the true width of mineralisation.
As a result, in an effort to more accurately represent true widths, subsequent drill holes starting on Reconnaissance Line 3 were drilled in the opposite direction to ALAR13 which was drilled at a 60 degree angle to the north-west.
Presently there are 3 RC rigs and one diamond rig actively drilling on this project. .

BOBCOCK...