Deep Yellow announces high grade uranium intercepts at its Namibian projects

Michael Allan McCrae | September 27, 2011 | 1:59 pm Energy Africa Europe Uranium 

Deep Yellow (ASX:DYL), a uranium exploration company with operations in Namibia and in Australia, announced on Tuesday additional high grade uranium intercepts from RC drilling at the Ongolo Alaskite Deposit and the MS7 Prospect.

Some of the results at the Ongolo were the following:

  • ALAR86 10 metres at 853 ppm U3O8 from 72 metres
  • ALAR87 30 metres at 727 ppm U3O8 from 109 metres
  • ALAR93 15 metres at 696 ppm U3O8 from 137 metres
  • ALAR407 18 metres at 429 ppm U3O8 from 41 metres

Some highlights at MS7 prospect included:

  • ALAR613 18 metres at 491 ppm U3O8 from 48 metres and 12 metres at 563 ppm U3O8 from 78 metres
  • ALAR616 5 metres at 446 ppm U3O8 from 5 metres

Deep Yellow’s Namibian operations are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).

The company’s flagship is the Omahola Project, which is currently under pre-feasibility study with concurrent resource drill-outs on the high grade Ongolo Alaskite – INCA trend.

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