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Deep Yellow finds more high-grade intercepts
Jul. 01, 2011 10:51AM PST
Long TailNamibia Economist reports on Deep Yellow Ltd (ASX:DYL) confirming its chemical assay results on additional high-grade intercepts from a drilling program at its Ongolo Alaskite resource area.
Namibia Economist reports on Deep Yellow Ltd (ASX:DYL) confirming its chemical assay results on additional high-grade intercepts from a drilling program at its Ongolo Alaskite resource area.
The market news is quoted as saying:
The newly-identified mineralisation at MS7 and a second, similar interpreted zone at MS3, which both have the potential for additional high grade alaskite intersections will be tested.
An additional reverse circulation drilling programme has also commenced at one of the company’s INCA projects, which is known as INCA Far South.
Deep Yellow’s Managing Director, Greg Cochran says:
“The results were positive and augmented the company’s recently announced maiden Joint Ore Reserves Committee (JORC) resource estimate at Ongolo of 6.9 million tonnes at 410 ppm for 6.2 million pounds U3O8 at a 275 ppm cut-off.”