Printer Friendly

-Deep Yellow Limited - MS7 Final Assay Results.

Travel Business Review-October 22, 2012--Deep Yellow Limited - MS7 Final Assay Results(C)2012] ENPublishing - http://www.enpublishing.co.uk

ENP Newswire - 22 October 2012

Release date- 18102012 - Advanced stage uranium explorer Deep Yellow Limited (ASX: DYL) is pleased to announce Fusion-XRF chemical assay results from its MS7 deposit exploration programme.

The exploration programme, conducted by its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN), is primarily designed to increase the size and confidence of existing resources as well as test for lateral and depth extensions.

DYL's Managing Director Greg Cochran said 'We are pleased to have been able to confirm the outstanding equivalent uranium results we recently released to the market. We note that in some cases the grades from the chemical assays are considerably higher which reinforces our conservative approach on the release of equivalent uranium values.

Report on the MS7 Deposit Exploration Results

DYL's Namibian exploration programme has been exclusively focused on the Omahola Project throughout 2012.

Drilling at the MS7 deposit, which commenced at the beginning of the year and continued uninterrupted until mid-September has consistently returned outstanding results. The most recent results from the RC programme in the central sector of MS7 once again returned several high-grade relatively shallow intercepts. The deepest intercept was made at 312 metres, being 4 metres at 2,114 ppm U3O8.

Footwall Discovery Drilling

At the completion of the MS7 drill programme, three RC holes were drilled to test anomalous alaskite scree east of the marble footwall to the MS7 deposit.

Fusion-XRF assay results have now been received for these holes with Hole ALAR1447 drilled to the south-east returning a very high grade intercept of 10 metres at 4,874 ppm U3O8 from 51 metres; a scissor hole on ALAR1447 (ALAR1452), returned a wider and shallower intercept whilst vertical hole ALAR1451 intersected five mineralized zones between 36 and 89 metres depth including 10 metres at 1,156 ppm U3O8 from 45 metres.

Contact:

Greg CochranTel: +61 8 9286 6999Email: info@deepyellow.com.auwww.deepyellow.com.au

About Deep Yellow Limited

Deep Yellow Limited is an ASX-listed, advanced stage uranium exploration company focussed on its attractive projects in the southern African nation of Namibia. It also has a listing on the Namibian Stock Exchange.

In Namibia its operations are conducted by a 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). Its flagship is the Omahola Project currently under Pre-Feasibility Study with concurrent resource drill-outs on the high grade Ongolo Alaskite - MS7 trend. It is also evaluating a stand-alone project for its Tubas Sand uranium deposit utilising physical beneficiation techniques it successfully tested in 2011.

In Australia the Company owns the Napperby Uranium Project and numerous exploration tenements in the Northern Territory and in the Mount Isa District in Queensland.

[Editorial queries for this story should be sent to newswire@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com)).END.PUB430>PDOctober 22, 2012>JNTRAVEL BUSINESS REVIEW.PRICEDATENOT APPLICABLE.DAY
COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Travel Business Review (TBR)
Geographic Code:6NAMI
Date:Oct 22, 2012
Words:491
Previous Article:-Diamonds North and Uranium North Report High Gold and Silver Values at Empire Creek Property.
Next Article:-COUGAR ENERGY RESTRUCTURES.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters