Deep Yellow Limited (ASX:DYL) Identifies Significant Uranium Mineralisation

Deep Yellow Limited (ASX:DYL,PINK:DYLLF) reports that it has identified significant uranium mineralization in the basement rocks beneath the palaeochannel, Namibia.

The press release is quoted as saying:

The Tumas Zone 3 reconnaissance drill data was evaluated by Hellman & Schofield (H&S) as part of the upgraded Tumas JORC Resource estimate (ASX 28 October 2010). Due to the broadly and irregularly spaced lines of drillholes at the time, the calcrete-hosted mineralisation in Zone 3 was determined to be too poorly defined for inclusion in resource estimates.

Click here to access the entire news release.