Deep Yellow Limited (ASX:DYL), an Australian listed emerging uranium explorer with African and Australian projects, has announced its new drill results which have found additional significant uranium intercepts at the Tubas Alaskite project in Namibia.
This was a follow on reconnaissance drilling programme focussing on alaskite hosted uranium mineralization based on prior drill results announced on 29 April 2010.
The exploration was conducted by the wholly owned subsidiary Reptile Uranium Namibia Ltd. In the month of April Deep Yellow Limited had announced drill results of their discovery hole ALAR13 which returned 89 meters at 400 ppm cU308 from 128 meters.
Since that time four consecutive drill holes namely ALAR61, ALAR62, ALAR63 and ALAR64 have returned chemical assays of about 400ppm cU308 or greater, on the Reconnaissance Line 3.
Additional drilling around ALAR13 also helped to better understand the lithology and orientation of the mineralized alaskite trend in the area. At present one diamond rig and 3 RC rigs are actively being drilled on this project.