Uranium Mining and Exploration

[Lone Clone]

Deep Yellow (ASX:DYL) December Quarterly Activities Report

http://www.abnnewswire.net/press/en/96080/

WWW:www.deepyellow.com.au Company Overview

Perth, Jan 15, 2019 AEST (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) provides the Company's December Quarterly Activities Report.

HIGHLIGHTS

- Tumas 1 East (EPL 3496 Reptile Project) - highly significant uranium mineralisation identified in previously unknown tributary channels 1, 2, 4 and 5.

o To date a total of 16km of highly prospective mineralised channel has been identified for follow-up resource drilling.

o First stage of infill resource drilling has delineated a zone of 6.2km ready for resource estimation work with the balance to be infill-drilled during 2019.

- Tumas 3 West (EPL 3497 Reptile Project) - infill resource drilling of a tributary palaeochannel identified 2.2km of mineralised channel also to be considered for resource estimation work.

- Nova JV Project (EPLS 3669/3670) - 2018 exploration drilling totalling 122 RC holes involving 4,874m was completed.

o Encouraging results encountered in palaeochannels on both EPLs.

o At the Iguana Prospect on EPL 3669 drilling intersected narrow uranium mineralisation in basement rocks.

- An updated Mineral Resource Estimate is expected in Q1 2019 incorporating Tumas 1 East and Tumas 3 West.

To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/1FH0987V

About Deep Yellow Limited

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.





Contact

John Borshoff
Managing Director/CEO
T: [phone]
Email: [e-mail]
www.deepyellow.com.au

Link: December Quarterly Activities Report


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