Deep Yellow Limited (DYLLF)

[wzebra33]

DYL.AX and DYLLF.PK
DEEP YELLOW
LIMITED
http://www.deepyellow.com.au/news/asx/071120_miranda.pdf
20 November 2007
MIRANDA PROSPECT DRILLING – UPDATE
The Directors of Deep Yellow (DYL) are pleased to announce that they have received highly
encouraging assay results for about half the samples from the RC percussion drill programme now
completed on the Miranda Prospect, 75 km northeast of Mt Isa, Queensland.
The Directors consider that some of the wider intercepts returned indicate that the Miranda
Prospect has tonnage potential and that further drilling in the 2008 field season is
warranted.
Most significant wide intercepts include:
• Hole DMRC-0008 32 m at 625 ppm U3O8 from 3 m
• Hole DMRC-0009 25 m at 654 ppm U3O8 from 14 m
The drill programme totalling 16 holes for 1,962 m was carried out on three sections over 100 m
strike of the outcropping area of the Miranda radiometric anomaly as follow-up to DYL’s 2006 drill
holes, DMRC-0001 (12 m at 960 ppm U3O8 from 9 m) and DMRC-0002 (3 m at 730 ppm U3O8
from 43 m.) The Miranda Prospect is located on EPM14281 which is subject to the NW
Queensland JV with Matrix Metals Ltd.
Miranda Prospect – Significant Intercepts
Drillhole From To Width U3O8 ppm
DMRC 0006 64 81 17 520
DMRC 0008 3 35 32 625
Incl. 28 33 5 1,590
DMRC 0009 14 39 25 654
Incl. 16 26 10 1,124
DMRC 0010 38 48 10 591
DMRC 0011 14 16 2 925
and 28 31 3 883
Miranda Prospect Drilling - Update
07-75 Page No. 2
The drilling rig is now en route to the Ewen Project to commence evaluation of the airborne and ground
radiometric survey targets as outlined in the September Quarterly report.
Dr Leon Pretorius
Managing Director
Further Information:
Mr Martin Kavanagh
Executive Director
[phone]
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is
based on information compiled by Dr Leon Pretorius a Fellow of The Australasian Institute of Mining and
Metallurgy. Dr Pretorius has sufficient experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’. Dr Pretorius consents to the inclusion in the report of the matters based on
his information in the form and context in which it appears.