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Deep Yellow Limited, this week in a report on quarterly activities completed on June 30, said work on the two local projects is continuing; Reptile Project (EPL 3496 and 3497) and the Nova Joint Venture Project (EPL 3669 and 3670)
Deep Yellow in their analysis in a statement said that Reptile Project which is 100% owned by Deep Yellow the June 2018 quarter has considering the completion of the third drilling campaign since the Company's strategic change of direction in November 2017.
"Drilling has again produced satisfactory overall results, confirming that previously discovered Tumas 3 mineralization can be extended" .
According to the miner, the work to date not only shows the possibility of adding to the current uranium resource base of this project, but also highlights the strong exploration potential of the system large and fertile paleocanal uranium in which the Tumas expanding 3
"There are now 4 distinct mineralized zones (Tumas 1 & 2, Tumas 3 and Red Sand / Calcrete Tubas) identified in the 125km of paleochannels ch occur in About 70%, or about 85 km, of these palaeochannels still need to be adequately tested, "the company said.
With the other project, Nova JV, Namibia (EPLs 3669, 3670) Deep Yellow (65%) Deep Yellow reported that Japan Oil, Gas and Metals National Corporation (JOGMEC), which finances only Nova Joint Venture (Nova JV) in Namibia, approved a program and budget of 1.3 million US dollars for the next 12 months. March 2019.
"JOGMEC currently holds a 39.5% interest in Nova JV, having spent US $ 4.5 million over a four-year period," the statement said.
Nova JV focuses on target definition and drilling to test base-associated uranium targets (Rössing / Husab-type deposits) and uranium targets associated with Paleochannel / Calcrete ( Langer Heinrich deposits).
found on the company's website at www.deepyellow.com.au was http://deepyellow.com.au/wp-content/uploads/2018/07/June2018QuarterlyActivityReport18Jul18.pdf.
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