Deep Yellow – Further High Grade Uranium Results from Ongolo and MS7

- September 27th, 2011

Mineweb reported on Deep Yellow’s (ASX:DYL) high grade intercepts from Ongolo and MS7.

Mineweb reported on Deep Yellow’s (ASX:DYL) high grade intercepts from Ongolo and MS7.

The market news is quoted as saying:

The drill programme is ongoing.  The cut-off date for the next JORC Resource update was 23 September.  Step-out reconnaissance drilling over two kilometres strike from Ongolo to the MS7 Prospect (Figure 2) will continue through to the summer break in mid-December.

XRF Fusion chemical assays have confirmed numerous high grade intersections (+ 5,000 GTM (grade thickness metre) U3O8) made during Phase 2 resource drilling at Ongolo. Currently DYL confirms all high grade downhole gamma results at Ongolo by XRF Fusion chemical assay before release. The RC drilling is contiguous and to the southwest of the existing Ongolo JORC Resource Area (Figure 1).  Also shown in Figure 1 are + 5,000 GTM values from infill drilling within the JORC resource area to enhance confidence in the resource.

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