wzebra33
13 years ago
Deep Yellow Limited (ASX:DYL) Announce New High-Grade Uranium Discovery at Alaskite
Press Release Source: ABN Newswire On Wednesday 6 July 2011, 8:50 EST
Perth, Australia, July 6, 2011 - (ABN Newswire) - Advanced stage uranium explorer Deep Yellow Limited (ASX:DYL.AX) (Other OTC:DYLLF.PK) is pleased to announce that its wholly-owned Namibian operating entity, Reptile Uranium Namibia Ltd ('RUN') has made a new alaskite discovery at target MS7, which was recently identified from structural and geological mapping. MS7 is only 2.5 kilometres southwest of the company's Ongolo Alaskite deposit, which has a JORC compliant resource of 6.9 Million tonnes at 410 ppm for 6.2 Million Pounds U3O8 at a 275 ppm cut-off. Ongolo is a key component of the Company's flagship Omahola Project.
Deep Yellow Managing Director Greg Cochran said the company was excited by the results as they demonstrated an enhanced level of structural understanding which enabled such outstanding targeting. He added that he was optimistic that RUN would continue to make similar high grade intercepts along the Ongolo-INCA trend and thereby further augment the Omahola Project resource base.
MS7 discovery and exploration activities
Drilling commenced with four RC rigs on 19 May 2011, with immediate encouragement from chip logging and downhole gamma logging returning high eU3O8 results. Given that it was a new discovery that appears to be geologically aligned with mineralisation at Ongolo where matrix problems (biotite platelets) negated the use of powder XRF (see release dated 13 December 2010), the company took a conservative approach to first do fusion XRF chemical assays before disclosing the results. Although there are believed to be no disequilibrium issues it should be noted that the eU3O8 does not correlate directly with the fusion XRF (or ICP MS) chemical assay values at Ongolo. eU3O8 results at Ongolo could only be utilised once enough comparative statistical data was collected to ensure that the gamma results were accurate - this approach will apply to MS7 as well and cause a slight delay in presenting additional results and specifically the eU3O8 results.
As can be seen from the cross-section of drill holes ARAD209 and 210 in
Figure 2 (see link at the bottom of the release), mineralisation occurs from near surface and given these holes are 100 metres apart across strike, potential exists for up-and-down dip extensions.
To date 60 RC holes have been completed for 12,078 metres with 20 planned holes remaining which will be complete by the end of July. The deepest hole drilled to date is 276 metres, but generally a vertical depth of 200 metres is being tested except where the hole is in mineralisation at that point.
On completion of this planned programme three RC rigs will be redeployed to the Ongolo Resource area to continue the grid drill-out for additional resources while the remaining rig will commence reconnaissance evaluation of MS3 where initially five priority holes will be completed out of a possible 25, pending results.
INCA FS follow-up results
RUN has now completed 46 RC holes and one diamond hole at INCA FS for a total of 7,700 metres since the discovery hole INCR388 was announced in November 2010 and follow-up evaluation drilling recommenced on 21 April 2011. Drilling was initially all 60 degree inclined until 11 May 2011, when this approach was changed to vertical drilling as a result of the complex structure. The deepest hole drilled to date is 205 metres and generally a vertical depth of 150 metres is being tested.
Ongolo Alaskite deposit update
Infill grid drilling continued after announcement of the initial JORC resource until the RC rigs were moved to MS7. Encouragingly, assays received from this drilling continue to deliver promising results that are likely to increase the JORC Code Resource Estimate.
RUN has two diamond drill rigs on site completing 10 HQ core holes following the recommendations of its resource consultants, Coffey Mining, to infill certain portions of the resource area at 25 metre spacing. This should allow for a better understanding of the structure enhancing confidence and allowing Coffey to revisit its interpretation with the objective of further increasing the size of and confidence in the resource. The RC portion of this exercise has been delayed in favour of assessing the outer perimeters of the resource area and to determine whether it joins up with MS7 and potentially to MS3, MS8 and ultimately INCA, INCA S and then INCA FS.
The distance from Ongolo in the north to INCA FS is approximately 15 kilometres.
Conclusion
Commenting on the regional geology of this part of RUN's exploration tenements, Greg Cochran acknowledged that the company has much drilling to complete to fully understand the intriguing mineralisation system that has now been located intermittently over many kilometres. He added that the Company's geologists were busy unravelling the complex structural history and controls on localisation of the high-grade areas of mineralisation, thus allowing more effective targeting.
The alaskite, which occurs over many hundreds of square kilometres in the area, hosts a number of low, medium and higher-grade deposits of uranium generally containing between 100 and 250 ppm U3O8. These grades, in DYL's estimation, are not currently economically viable which drives its exploration strategy of looking for and only reporting on those areas with plus 400 ppm U3O8 and by employing cut-off grades of 250 to 275 ppm U3O8.
"We also recognise the large volumes of lower-grade mineralisation associated with these higher grade areas - these could boost an existing operation's production and mine life in years to come for DYL should the economics allow it" Mr Cochran said.
For the complete Deep Yellow announcement including figures and tables, please view the following link:
http://www.abnnewswire.net/media/en/docs/548015.pdf
wzebra33
13 years ago
More High Grade Intercepts Extend Deep Yellow Limited (ASX:DYL) Ongolo Alaskite Resource Area
Press Release Source: ABN Newswire On Wednesday 29 June 2011, 8:57 EST
Perth, Australia, June 29, 2011 - (ABN Newswire) - Advanced stage uranium explorer Deep Yellow Limited (ASX:DYL.AX) (Other OTC:DYLLF.PK) is pleased to announce that chemical assay results have confirmed additional high-grade intercepts from a drilling programme at its Ongolo Alaskite resource area. The Ongolo Alaskite deposit is a key component of the Company's flagship Omahola Project in Namibia.
Deep Yellow Managing Director Greg Cochran said the results were positive and augmented the company's recently announced maiden JORC resource estimate at Ongolo of 6.9 Million tonnes at 410 ppm for 6.2 Million Pounds U3O8 at a 275 ppm cut-off (ASX 12 May 2011).
The ongoing grid drilling programme has extended the high-grade mineralised zones within a wider area of lower grade alaskite mineralisation to the south-southwest of Ongolo. The assay results are provided in Appendix 1 (see link at the bottom of the release) with selected highlights below. In keeping with DYL's past announcements only intersections with grades in excess of 400 ppm U3O8 are given:
- ALAR169 16 metres at 714 ppm U3O8 from 247 metres
- ALAR290 11 metres at 434 ppm U3O8 from 122 metres
- ALAR302 11 metres at 713 ppm U3O8 from 108 metres
- ALAR313 12 metres at 429 ppm U3O8 from 95 metres
A number of mineralised holes which also had high-grade downhole gamma logging results are still in the process of being assayed. Two diamond rigs remain within the grid area continuing with the programme conducting infill drilling which will also be used to obtain samples for future metallurgical testwork.
The four RC rigs have now been moved to a new area approximately 2.5 kilometres to the southwest to test the newly-identified MS7 zone which was recently interpreted from structural and geological mapping. This and a second, similar interpreted zone at MS3, which both have the potential for additional high grade alaskite intersections, will be tested.
An additional RC drilling programme has commenced at one of the company's 'INCA Lookalike' targets, known as INCA Far South which can also be seen in Figure 1, annotated as 'INCA FS'.
This programme will test the extent of mineralisation around one of the first reconnaissance holes, INCR388 which intersected 11 metres at 1,100 ppm eU3O8 as tested by downhole gamma probe logging, which was announced to the ASX on 17 November 2010.
It is expected that initial chemical assay results from both MS7 and INCA FS will be available during July 2011.
For the complete Deep Yellow announcement including figures and Appendix 1, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/546981.pdf
wzebra33
16 years ago
http://www.deepyellow.com.au/news/asx/080123_namibian_update_high_grade_uranium_samples.pdf
Namibian Reconnaissance Exploration Update
08-10 Page No. 2
REGIONAL PROGRAMME
Reptile geologists are systematically investigating the source of airborne radiometric and magnetic
anomalies throughout the EPLs and although at an early stage it is evident that a number of
substantial new prospects exist that were not investigated or discovered in the 1970s and early
1980s uranium rush.
Sampling Procedure
The centre of each airborne anomaly is targeted as an initial datum and rapid ground traversing
with a hand held scintillometer / spectrometer is undertaken in order to identify peak values and
possible visible mineralisation. Composite samples are then collected at the peak uranium
anomalous site for assay. These samples are most likely positively biased and not representative
of the entire outcrop/anomaly area. Notes taken include rock (host) type, distribution and style of
mineralisation, structure and potential prospectivity. From this a ranking system then prioritises
areas for follow-up ground work and to identify potential scout drill sections.
Outcropping Carnotite Mineralisation in Calcretised Channel-fill (Site: Ripnes CB 3-1)
Results
The samples are grouped by EPL and only the style of mineralisation and not host rock type listed.
Secondary relates to transported and re-precipitated uranium in gypcrete and calcrete hosts.
Primary relates to mineralisation that is an integral part of the rock even though sampled material
could be accumulations of secondary uranium minerals on its surface.
Namibian Reconnaissance Exploration Update
08-10 Page No. 3
TABLE 1 – SAMPLING DATA FOR ASSAYS OVER 300 ppm U3O8
Anomaly Locality Style
U3O8
(ppm)
Anomaly Locality Style
U3O8
(ppm)
EPL 3496 (Tubas) EPL 3499 (Ripnes)
Tubas M 66 Primary 337 Ripnes CB 3-1 Secondary 23,455
Tubas M 09 Primary 2,722 Ripnes CB 3 Primary 7,075
Tubas AC Secondary 5,099 Ripnes CB 3 Secondary 7,102
Tubas AC Primary 503 Ripnes CB 4 Secondary 228
Tubas AC Secondary 7,436 Ripnes CB 4 Secondary 1,685
Tubas No. 1, 2 Primary 2,134 Ripnes CC 1 Primary 1,750
Tubas No. 1, 2 Primary 1,321 Ripnes CD 1 Secondary 5,789
Tubas No. 1, 2 Primary 332 Ripnes CD 2 Primary 434
Tubas No. 1, 2 Primary 370 Ripnes CD 2 Secondary 6,863
Tubas No. 1, 2 Primary 2,398 EPL 3498 (Aussinanis)
Tubas No. 1, 2 Primary 967 Aussinanis DA 1 Secondary 2,528
Tubas No. 1, 2 Primary 947 Aussinanis DA1 Secondary 27,875
Tubas No. 1, 2 Primary 2,060 Aussinanis DA 3 Secondary 7,683
Tubas No. 1, 2 Primary 4,671 Aussinanis DA 7 Secondary 30,830
Tubas No. 8 Primary 738 Aussinanis DB 1 Secondary 5,482
Tubas No. 8 Primary 820 Aussinanis DB 1 Secondary 3,117
Tubas No. 8 Secondary 408 Aussinanis DB 1 Secondary 1,285
Tubas No. 8 Primary 572 Aussinanis DB1 Secondary 32,935
Tubas No.11 Primary 401 Aussinanis DB 3 Secondary 7,005
Tubas No. 26, 27, 28 Primary 412 Aussinanis DC Secondary 6,956
EPL 3497 (Tumas) Aussinanis DC Secondary 7,546
Tumas BA 2 Secondary 5,735 Aussinanis DC Secondary 371
Tumas BA 3 Secondary 2,191 Aussinanis DE 1 Secondary 23,615
Tumas BA 3 Primary 2,148 Aussinanis DE 5 Secondary 3,076
Tumas BA 3 Secondary 842 Aussinanis DE 2 Secondary 7,121
Tumas BA 4 Secondary 772 Aussinanis DE 2 Secondary 336
Tumas BB 1 Secondary 499 Aussinanis DE 2 Secondary 5,142
Tumas BB 5 Secondary 974 Aussinanis DA 7 Secondary 4,403
Tumas BE 2 Secondary 5,958
NB: 1,000 ppm = 0.1%, 10,000 ppm = 1%
Namibian Reconnaissance Exploration Update
08-10 Page No. 4
The suite of highgrade uranium assays (as U3O8) from the first round of ground truthing of
airborne radiometric and magnetic anomalies is a major step up in highlighting the prospectivity
of the entire tenement area outside of the known historic uranium deposits. The results together
with the recently announced discovery and drilling of uranium bearing magnetite – iron oxide
breccias (ASX 22 January, 2008) and of the soon to be drilled mineralised Alaskite occurrences
also adds significantly to this prospectivity.
The search for Langer Heinrich style uranium mineralisation in deeper palaeochannels will
commence soon with the arrival of an airborne electromagnetic survey system.
Dr Leon Pretorius Further Information: Martin Kavanagh
Managing Director Executive Director
Deep Yellow Limited 61 8 9286 6999
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.
wzebra33
16 years ago
DEEP YELLOW LIMITED DYL.AX DYLLF.PK
9 January 2008
NAMIBIAN UPDATE
MAGNETITE - IRON OXIDE HOSTED URANIUM DISCOVERY
RC DRILLING CONFIRMS URANIUM MINERALISATION AT DEPTH
The Directors wish to announce early success from limited drilling to test the depth potential of the
uranium mineralisation associated with magnetite-iron oxide outcrops (ASX 19 December 2007).
Two 60 degree angled RC drill holes were completed in December, one to 150 m and the other
that was meant to terminate at 200 m was curtailed at 127 m due to rig problems, but will be
deepened at a future date.
The holes were radiometrically (gamma) logged and although only the preliminary XRF assay data
from the obviously uranium mineralised sections has been received, the Directors decided given
the potential economic importance of this discovery and recognition of this unknown style of
mineralisation in this area that it should be reported to the ASX at this early stage.
The radiometric gamma logs indicate wide zones of uranium mineralisation with equivalent values
around 100 ppm U3O8; and narrower zones at higher concentrations. It is the latter that have been
assayed and are reported on below. The final uranium assays plus other elements (base metals,
iron and thorium) are expected by mid-February and will be reported on when available.
Preliminary Uranium Assays
• Hole AM 1 * 26 m at 217 ppm U3O8 from 6 m
incl 12 m at 305 ppm U3O8 from 6 m
incl 2 m at 365 ppm U3O8 from 21 m
incl 1 m at 328 ppm U3O8 from 31 m
and 18 m at 174 ppm U3O8 from 64 m
incl 2 m at 331 ppm U3O8 from 66 m
incl 2 m at 308 ppm U3O8 from 80 m
and 2 m at 455 ppm U3O8 from 140 m
Namibian
08-04 Page No. 2
• Hole AM 2 * 16 m at 286 ppm U3O8 from 41 m
incl 4 m at 833 ppm U3O8 from 44 m
and 6 m at 237 ppm U3O8 from 67 m
incl 2 m at 418 ppm U3O8 from 68 m
and 10 m at 348 ppm U3O8 from 98 m
incl 5 m at 539 ppm U3O8 from 99 m
* Holes AM 1 and AM 2 were both drilled at -60o inclination and 335o azimuth.
Hole AM 2 is located 20 m behind AM 1 on the same section line.
It is also proposed that a 200 m deep RC scissor hole be drilled during January to provide further
geological and structural information. Mapping and ground magnetic surveys are planned, but
from the airborne data this magnetic horizon (hosting the mineralisation) has been traced for
5,000 m along strike. Diamond drilling of the AM 1, 2 and 3 section will be required to better
understand this discovery and will be undertaken when a suitable contractor is sourced.
The discovery of this magnetite-iron oxide hosted uranium mineralisation and it’s possible
economic importance is significant and given the fact that holes AM 1 and 2 were sited only
where access was easily available and prior to any ground truthing of the airborne
anomalies has been done adds to the intrigue of the discovery.
Dr Leon Pretorius
Managing Director
Further Information:
Mr Martin Kavanagh
Executive Director
61 8 9286 6999
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.
wzebra33
16 years ago
DYL.AX ,DYLLF.PK
http://www.deepyellow.com.au/news/asx/071213_dragon.pdf
12 December 2007
Deep Yellow Ltd and Dragon Energy Ltd
Agree to a Farm-in and Establishment of a
Joint Venture on Five Uranium Projects in Queensland
The Boards of Deep Yellow Ltd (ASX code “DYL”) and Dragon Energy Ltd (Dragon) are pleased to announce
they have reached agreement for the Farm-in by Dragon of a majority interest in five DYL uranium projects
located in Queensland (covering some 2,600 sq km and spread across nine tenements – refer attachment 1).
Essentially, the proposal provides Dragon with the opportunity to acquire 75% of each of the DYL properties by
sole funding certain expenditure on the Tenements on the terms and conditions set out in the Agreement.
Furthermore Dragon will have the opportunity to maximise its ownership of the properties in the future by paying
for the proven in-ground resource on terms referred to below.
Finalisation of the transaction is subject to normal commercial terms and the proposed admission of Dragon to
the Official List of the ASX no later than 28th June 2008.
While these properties are prospective, they were acquired during a period when DYL was putting an extensive
land portfolio together and prior to its present Board’s decision to concentrate efforts in select exploration areas
where the Company now holds large tracts of land under tenure and bases have been established. This left the
projects subject to this agreement somewhat geographically isolated and the divestment is in accordance with
DYL’s previously stated strategy of focusing its management and resources on the chosen priority exploration
areas in Mt Isa, Gawler Craton and Namibia.
DYL will continue to benefit from the opportunity provided to Dragon, which as a new company will be able to
better focus on and fully evaluate and explore the tenements. If this is successful it will result in significant
returns to DYL shareholders. Dragon will benefit from a focused and energetic evaluation of a portfolio of
potential uranium exploration opportunities.
The principal commercial terms are as follows:
A. CONSIDERATION
1. A$500,000 in cash made up as follows:
a) Dragon has made an upfront payment of A$50,000 in cash on the signing of the Farm-in and Joint
Venture Agreement.
b) A final cash payment of A$450,000 will be paid by Dragon out of the financial proceeds realised
from the proposed listing on the ASX.
2. During the Sole Funding Period, Dragon may earn a 75% interest in the Tenements by spending
$3,000,000 on the following terms:
a) An initial 25% beneficial interest in the Tenements by incurring Expenditure of $1,000,000;
b) A 50% beneficial interest in the Tenements by incurring an additional $1,000,000 of Expenditure;
and
c) A 75% legal and beneficial interest in the Tenements by incurring a further $1,000,000 of
Expenditure.
Deep Yellow Limited & Dragon Energy Limited
07-82 Page 2
3. If, during the Sole Funding Period, Dragon makes a discovery in the Tenements of a JORC Code
compliant inferred mineral resource of at least an aggregate of 5,000 tonne of uranium, Dragon will be
deemed to have satisfied the earn-in requirements in Clause 2 above and to have earned a 75% legal
and beneficial interest in the Tenements.
B. OTHER RELEVANT ITEMS
1. A joint venture agreement (JVA) will be entered into once Dragon has reached the full earn in of 75%.
Dragon will be the Manager of that JVA.
2. Effective immediately Dragon will pay all outgoings and maintain all the tenements and keep them in good
standing. DYL will provide all relevant assistance until the transaction is completed and ownership can be
transferred.
3. DYL will have no representation on the board of Dragon.
4. Upon completion of a bankable feasibility study (BFS) each party will have the right to decide whether to
participate in mining operations within the area that is the subject of the study. If one party decides not to
participate in mining operations then the other party will have the right to acquire the relevant JVA interest
for 15% of the in-ground value of the uranium as referenced (defined by JORC Code in lbs and multiplied
by the current uranium spot price per lb) in the BFS. At election the consideration may be any
combination of cash and shares, shares held by either party to be limited to no more than 19.9% of the
issued share capital of the other party at the time.
The DYL Board’s rationale for the sale of these tenements is to allow DYL to focus on its advanced exploration
projects in Namibia, the Mt. Isa district and other priority regional targets close to already established DYL bases
and personnel throughout Australia. In addition DYL will be able to realise an immediate return in cash terms
from the projects and deploy this cash to priority projects. Last but not least there is the opportunity to further
benefit DYL’s shareholders through the retention of a significant direct stake in each project.
“As previously stated, the DYL Board recognises that it makes sense for DYL to focus on its’ main priority
projects and give a new company the opportunity to focus on and aggressively advance prospects that might not
otherwise get the levels of attention and funding that they require.” Deep Yellow’s Managing Director, Leon
Pretorius said today.
“Given Dragon’s objective of becoming a uranium explorer, DYL and its shareholders will benefit from Dragon’s
focused efforts as DYL will remain a stakeholder in the projects going forward.”
Dragon Energy Ltd is an Australian exploration company which is preparing for an IPO on the ASX with a focus
on uranium in Australia and the Asia Pacific region. It has a highly qualified board of directors with specific
experience in uranium exploration and the development of mineral projects worldwide. "We are delighted to sign
this agreement with Deep Yellow and secure this exciting exploration venture. We look forward to completing
Dragon Energy's IPO objectives in early 2008 as well as advancing these projects with Deep Yellow", Dragon
Energy's non-executive Chairman, Mr Nigel Clark, said today from Beijing.
COMPANY CONTACTS:
Deep Yellow Limited Dragon Energy Limited
Leon Pretorius +618 9286 6999 Anthony Ho +618 9226 2688
Martin Kavanagh +618 9286 6999 Email: anthony@anthonyho.com.au
Email: admin@deepyellow.com.au
Deep Yellow Limited & Dragon Energy Limited
07-82 Page 3
ATTACHMENT 1 - TENEMENTS
(5 tenements)
Tenement Registered Holder
EPM 15615 90% DYL 10% Superior
EPM 15620 90% DYL 10% Superior
EPM 15621 90% DYL 10% Superior
EPM 15622 90% DYL 10% Superior
EPM 15624# 90% DYL 10% SRL
(4 tenements)
Tenement Registered Holder
EPM 16008* (pending) 100% Superior
EPM 15072 100% Superior
EPM 15194 100% Superior
EPM 15249 100% Superior
* Means the tenement is an application
# Superior Resources Limited (SRL) has agreed to transfer its 10% interest
to Superior Uranium Pty Ltd.
Superior Uranium Pty Ltd (Superior) is a wholly owned subsidiary of Deep
Yellow Limited.
Figure 1: DYL/Dragon Farm-in Project Locations
wzebra33
16 years ago
Insider buying;http://www.deepyellow.com.au/news/asx/071205_app3y.pdf
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of Entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Rudolf Brunovs
Date of last notice 08 August 2007
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed
in this part.
Direct or indirect interest Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Rudolf Brunovs as Trustee of the Brunovs
Family Trust
Date of change 04 December 2007
No. of securities held prior to change Nil
Class Ordinary Shares
Number acquired 125,000
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$48,750 paid in cash at a value of $0.39 per
share
No. of securities held after change
125,000 shares held indirectly by Rudolf
Brunovs as Trustee of the Brunovs Family
Trust
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 2
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
On market trade
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed
in this part.
Detail of contract N/A
Nature of interest N/A
Name of registered holder
(if issued securities) N/A
Date of change N/A
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
N/A
Interest acquired N/A
Interest disposed N/A
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
N/A
Interest after change N/A
wzebra33
16 years ago
DLY.AX and DLLF.PK
DEEP YELLOW
LIMITED
21 November 2007
TUBAS JORC CODE INFERRED RESOURCE
Deep Yellow Limited (DYL) advises that Geomine Consulting Namibia CC (Geomine) have
provided its wholly owned Namibian subsidiary Reptile Uranium Namibia (RUN) with an Inferred
Mineral Resource estimate (reported to JORC Code standard) for the Tubas project based on the
historical data reported by Anglo American Prospecting Services (Anglo) from their work on the
deposit during the 1970’s and early 1980’s which ended in a feasibility study being undertaken.
The Inferred Mineral Resource totals 77.3 million tonne at 0.023% (228 ppm) U3O8 at a cut-off
grade of 100 ppm U3O8 for 17,600 tonne or 38.8 million pounds of contained U3O8.
This resource estimate refers to mineralisation occurring within a 14 by 8 kilometre (96 km2)
channel system referred to as A-Block that contains widespread shallow secondary uranium
mineralisation in the form of carnotite. Within the A-Block area 384 holes were drilled on a 1,000
by 250 m grid. Data was also available for two more detailed grids within A-Block, namely BBlock
and D-Block. B-Block covers 3 km2 within which 90 holes were drilled on a 250 by 125 m
grid. D-Block covers 4 km2 within which 199 holes were drilled on a 200 by 200 m (and later
partially in-filled to 100 by 100 m) grid.
Geomine reported a range of resource estimates using cut-off grades between 50 and 200 ppm
U3O8. Estimates were generated using a simplified area-of-influence polygon method using
uranium grades based on assay results. The data set used for this resource determination was
obtained from integrating the borehole data from the A-Block, B-Block and D-Block as described
above. A bulk density of 1.8 tonne per m3, as determined by Anglo was used in this estimate.
Geomine caution that due to the elements of uncertainty introduced by the wide-spaced drill
pattern for A-Block that the level of confidence in the resource estimate is low, especially in ABlock
where the exceedingly large polygons can easily lead to an overestimation of the resource.
Accordingly, Geomine have classified the Tubas deposit as delineated by Anglo as an Inferred
Mineral Resource under the JORC Code which covers situations whereby although mineralisation
has been identified and limited measurements and sampling (drill holes) are available there is
insufficient data to allow grade/tonnage continuity to confidently interpolated between drill holes.
The resource estimate for the combined Blocks B and D have a relatively higher level of
confidence as the polygons are smaller and more detailed data were available. It can also be
assumed that the bulk of the Tubas Project resources are found in the Blocks B and D area.
Tubas JORC Code Inferred Resource
07-76 Page No. 2
RUN Exploration Data
RUN has been conducting RC drilling in the southern and central portion of Anglo’s A-Block and to
date has completed 722 holes (18,304 m) on various grid spacings as previously reported. None
of this data has been used by Geomine in their resource estimate. It is envisaged that once the drill
hole collars have been surveyed and assays are received that the RUN drill data will be
incorporated into the Inferred Resource estimate -so raising confidence levels on a regular basis.
Dr Leon Pretorius
Managing Director
Further Information:
Mr Martin Kavanagh
Executive Director
(08) 9286 6999
The information in this report that relates to Mineral Resources is based on information compiled by
Mr. Willem H. Kotzé Pr.Sci.Nat MSAIMM. Mr. Kotzé is a Member and Professional Geoscientist Consultant of
Geomine Consulting Namibia CC. Mr. Kotzé 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’. Mr. Kotzé consents to the inclusion in this release of the matters based on
his information in the form and context in which it appears.
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.
wzebra33
16 years ago
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
(08) 9286 6999
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.
wzebra33
16 years ago
DEEP YELLOW LIMITED DLY.AX and DYLLF.PK
13 Nov Mt Isa Exploration Update
http://www.deepyellow.com.au/news/asx/071113_mtisa.pdf
07-73 Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
13 November 2007
MT ISA EXPLORATION UPDATE
HIGH GRADE URANIUM ROCK SAMPLE ASSAYS
HIGHLIGHTS
• Rockchip samples from a second helicopter supported checking of airborne
radiometric anomalies returned high grade to highly anomalous uranium assays
of up to 1.17% U3O8 at 10 prospects on the following tenements:
• EPM 14282 1 prospect
• EPM 11025 1 prospect
• EPM 4317 2 prospects
• EPM 14148 4 prospects
• EPM 14772 2 prospect
• RC percussion drilling on the Miranda Prospect is in progress with 9 holes
completed to date.
• An exploration camp has been established at Eastern Creek ahead of the RC
percussion drill programme on the Ewen Project.
The Directors of Deep Yellow Limited (DYL) are pleased to announce that assay results received
from a second phase of ground truthing of uranium anomalies outlined by a recent airborne
radiometric survey has greatly increased the uranium prospectivity of a number of tenements
which form part of the NW Queensland Joint Venture with Matrix Metals Ltd (Matrix).
MT ISA REGIONAL PROGRAMME
In May 2007 DYL contracted UTS Geophysics to fly 5,470 line kilometre of low level radiometrics
and magnetics over nine selected target areas within its tenement holdings in the Mt Isa district.
The 100 metre line spaced data greatly enhanced the definition and delineation of uranium
anomalous zones within DYL’s original 400 metre line spaced data set. The newly acquired data
was processed in-house and a series of targets developed for ground checking/reconnaissance
mapping. A total of 109 anomalies deemed worthy of ground follow-up were identified after a firstpass
review of the data.
Mt Isa Exploration Update
07-73 Page No. 2
On 5th October 2007 DYL reported to the ASX assay results on high grade rockchip samples from
the first phase of helicopter supported mapping and sampling of 56 of the 109 uranium anomalies
being evaluated mainly to the north and northeast of Mt Isa.
The second phase of mapping and sampling reported here was based mainly out of Cloncurry
covering the White Range Project area. A further three days was spent evaluating ground to the
north of Matrix’s Mt Cuthbert copper mine. All of the 109 anomalies identified through the initial
interpretation of the airborne survey data have now been visited with only a few of the sites being
in terrain too rugged to land the helicopter, remaining for ground checking at a later date.
Figure1. Mt Isa District Tenements – NW Queensland JV (blue)
Sampling Procedure
At each anomaly, the centre of the airborne uranium anomaly was targeted as an initial GPS
datum. Rapid ground traversing with a hand held scintillometer (or spectrometer) was undertaken
in order to identify peak outcrop values and possible visible mineralisation. Samples for assay
were collected at and around the peak uranium anomalous site. These samples are positively
biased and not representative of the entire outcrop/anomaly area however, they are being used as
a ‘driver’ to identify potential scout drill sections.
Mt Isa Exploration Update
07-73 Page No. 3
In the Mt Cuthbert area within EPMs 14282 and 11025 uranium mineralisation is associated with
granitic rocks and felsic intrusives. At Anomaly 78 – Warwick - highgrade samples assaying up to
1.17% U3O8 were collected over 80 m strike and are associated with narrow chlorite-sericite schist
zones and more ‘mafic’ layers within the felsic rock similar to the mineralisation at the Miranda
Prospect to the south (see Figure 2). At Anomaly 77 – Six Mile - 950 ppm U3O8 was returned
from a massive granite outcrop with red porphyritic phases returning high background counts.
Elsewhere in the district granitic outcrops have returned anomalous uranium values and have been
designated for follow-up in 2008. Anomaly 94 (ASX 5 October, 2007) was revisited ahead of
planned drilling with further sampling returning an assay of 0.645% U3O8 against a previously
reported high of 0.285% U3O8.
The Company’s drilling contractor has confirmed 15 December as the date for demobilising. An
attempt will be made to schedule drilling at Anomaly 78 prior the shut down. It is now doubtful that
a diamond drilling rig for Queens Gift Prospect will be sourced this year.
Table 1. Anomalous Rockchip Samples
Sample
No.
EPM
Helicopter
Anomaly No.
Prospect
U3O8
Ppm
U3O8
%
DH 040 14282 H078 Warwick 11,300 1.13%
DH 041 14282 H078 Warwick 5,700 0.57%
DH 042 14282 H078 Warwick 3,950 0.395%
DH 043 14282 H078 Warwick 11,700 1.170%
DH 045 11025 H077 Six Mile 950 0.095%
DH 046 14916 H094 Crystal – 1 6,450 0.645%
WR 004 4317 H131 Toby Barty 11,400 1.14%
WR 005 14148 H133 Eight Mile 600 0.06%
WR 008 4317 n/a Sierra Line 350 0.035%
WR 013 14148 H138 Happy Valley 550 0.055%
WR 014 14148 H139 Happy Valley 600 0.06%
WR 018 4317 H131 Toby Barty 400 0.04%
WR 024 14772 H154 Chopper Ridge 380 0.038%
WR 028 14772 H165 Dodgy East 950 0.095%
WR 034 14148 H160 Southend 250 0.025%
NB: 1,000 ppm = 0.1%, 10,000 ppm = 1%
Mt Isa Exploration Update
07-73 Page No. 4
Figure 2. Mt Isa North Anomalies
To the south of Cloncurry rockchip sampling of airborne radiometric anomalies on the White Range
JV tenements returned numerous elevated uranium assays. Most of these anomalies lie along
linear northwest trending fractures and lithologic contacts within pelitic sediments. Typically these
features form ferruginous/siliceous ridge tops and are often coincident with small copper shows.
Several of these structural linears or corridors have recently been drill-tested for copper-gold
mineralisation by Matrix, particularly along the Sierra, Greenmount and Leopard Lines.
Most of the uranium anomalous samples comprise highly leached ferruginous/gossanous lode
material, registering as only modestly radioactive with hand-held scintillometers. Some anomalies
occur in sheared metasediment adjacent to siliceous/ferruginous ridgetops. The exception is
sample WR 004 -Toby Barty, taken from a small copper working, which exposed visible torbernite
in relatively fresh siltstone. This sample returned 1.14% U3O8. A percussion hole drilled directly
beneath this site, (TBRC 01) returned 400 ppm U3O8 from a one metre sample registering only 2 x
background. Although rather spotty and discontinuous, many of these ground-checked anomalies
warrant follow-up radiometric surveying and downhole probing of available percussion drillholes.
The results from the sampling programme in the White Range area compliment Matrix’s extensive
uranium anomalous database which formed the basis for DYL’s initial move into the ‘Mt Isa
Province’.
Mt Isa Exploration Update
07-73 Page No. 5
Figure 3. Uranium Anomalies White Range Project Area
The latest assay results together with the results of the previous helicopter supported geological
mapping and sampling programme continues to identify priority drill targets for 2008 in ground held
by Matrix Metals. Under Agreement with Matrix Metals through the NW Queensland Joint Venture,
DYL is earning 80% interest in the uranium rights to these tenements and has the right to 100% by
buying out Matrix’s retained 20% on each individual deposit (ASX 20 February 2006).
Dr Leon Pretorius Further Information: Martin Kavanagh
Managing Director Executive Director
Deep Yellow Limited (08) 9286 6999
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.
wzebra33
17 years ago
DYL.AX ,DYLLF.PK
Mt Isa Exploration Update: High Grade Uranium Samples
http://www.deepyellow.com.au/news/asx/071005_mtisa.pdf
07-65 Mt Isa Exploration Update Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
05 October 2007
MT ISA EXPLORATION UPDATE
HIGH GRADE URANIUM SAMPLES
HIGHLIGHTS
• Rockchip samples from helicopter supported ground checking of airborne
radiometric anomalies return high grade uranium assays (+ 0.2% U3O8) at 10
prospects on the following tenements:
• EPM 11025 1 prospect
• EPM 14281 1 prospect
• EPM 14622 1 prospect
• EPM 14916 6 prospects
• EPM 15070 1 prospect
• Tracks have been established into the prospect areas and geological mapping and
ground radiometric traversing completed ahead of scout drilling planned for
November 2007.
The Directors of Deep Yellow Limited (DYL) are pleased to announce that assay results received from
the ground truthing of uranium anomalies outlined by a recent airborne survey has greatly increased
the uranium prospectivity of EPM’s 14281 and 14916 which form part of the NW Queensland Joint
Venture with Matrix Metals Ltd (Matrix). As well as the planned drilling of a number of the prospects
this year, the reconnaissance program has developed targets for testing in the 2008 field season.
MT ISA REGIONAL PROGRAMME
In May 2007 DYL contracted UTS Geophysics to fly 5,470 line kilometre of low level radiometrics and
magnetics over nine selected target areas within its tenement holdings in the Mt Isa district.
The 100 metre line spaced data greatly enhanced the definition and delineation of uranium anomalous
zones within DYL’s original 400 metre line spaced data set. The newly acquired data was processed
in-house and a series of targets developed for ground checking/reconnaissance mapping. A total of
109 anomalies were identified on a first-pass review of the data.
Following the completion of surface mapping and sampling of the Queens Gift Prospect DYL’s
geologists and field assistants commenced a helicopter supported ‘anomaly validation programme’ in
August 2007. To date a total of 56 of the 109 anomalies generated within a 100 km radius north and
northeast of Mt Isa have been inspected, mapped and sampled as warranted.
Mt Isa Exploration Update
07-65 Mt Isa Exploration Update Page No. 2
Sampling Procedure
At each anomaly, the centre of the airborne uranium anomaly was targeted as an initial datum. Rapid
ground traversing with a hand held scintillometer was undertaken in order to identify peak values and
possible visible mineralisation. Samples for assay were collected at the peak uranium site. These
samples are positively biased and not representative of the entire outcrop/anomaly area however, they
are being used as a ‘driver’ to identify potential scout drill sections.
The field checking also provided information on the style of mineralisation, alteration, rock types and the
local extent of ‘mineralisation’ as indicated by ground scintillometer traversing. Within EPM 14916
located 85 km north of Mt Isa and 35 km northeast of DYL’s Queens Gift Prospect uranium
mineralisation at the various prospects is hosted by basalts and siltstones of the Eastern Creek
Volcanics sequence which hosts both the Queens Gift and the Valhalla uranium deposits.
Mineralisation is associated with intense haematite alteration with weak to intense breccia
development. All of the above features together with the assay values have been used to prioritise
anomalies for drilling in 2007.
Within EPM 14281 uranium mineralisation is hosted by chloritic shear zones developed through granite.
The Miranda North Prospect is located 450 metres north of the DYL’s Miranda Prospect. RC percussion
drilling will commence on the existing Miranda and Miranda Northwest Prospects within EPM 14281 in
mid-October and will then test the new Miranda North Prospect prior to moving to EPM 14916.
Crystal – 1 Prospect. Highly anomalous haematitic soils over siltstone.
Samples DH 017 and 018 site.
Mt Isa Exploration Update
07-65 Mt Isa Exploration Update Page No. 3
Of the 56 targets inspected, 12 were ranked as immediate drill targets; 12 requiring follow-up mapping
and prospecting in 2007; 11 follow-up targets for 2008, and 21 anomalies were down graded as being
due to lithological responses typical of the relatively high uranium background in the Mt Isa district.
The targets highlighted for immediate drill follow-up are highlighted in Table 1.
TABLE 1 – ROCK CHIP SAMPLING DATA FOR ASSAYS OVER 1,000 ppm U3O8
SAMPLE NO. EPM
HELICOPTER
ANOMALY NO.
PROSPECT
U3O8
PPM
%
DH_005 15070 * H105 Follow-up 2007 1,650 0.165
DH_009 14916 H020 Conquest North / Drill 1,950 0.195
DH_010 14916 H121 Conquest Central / Drill 2,200 0.22
DH_013 14916 H125 Conquest East / Drill 1,000 0.10
DH_015 14916 H007 Wahn / Drill 3,200 0.32
DH_016 14916 H005 Bluestone / Drill 5,200 0.52
DH_017 14916 H094 Crystal 1 / Drill 2,700 0.27
DH_018 14916 H094 Crystal 1 / Drill 2,850 0.285
DH_021 14916 H011 Follow-up 2007 1,150 0.115
DH_022 14916 H011 Follow-up 2007 1,500 0.15
DH_024 14916 H010 Crystal 6 / Drill 2,100 0.21
DH_025 14916 H112 Slance NW / Drill 1,900 0.19
DH_027 14916 H006 Slance / Drill 1,150 0.115
DH_028 14916 H111 Slance NE / Drill 4,850 0.485
DH_029 14281 H101 Miranda North / Drill 29,400 2.94
DH_031 14622 H030 Follow-up 2007/08 3,700 0.37
DH_033 15070 * H131 Batman South / Drill 4,700 0.47
DH_035 11025 H034 Follow-up 2007/08 2,650 0.265
* 100% DYL tenement. NB: 1,000 ppm = 0.1%, 10,000 ppm = 1%
In mid-October the helicopter supported reconnaissance programme will recommence with a focus on
targets developed to the south and southeast of Mt Isa/Cloncurry with the majority of targets falling
within tenements held through Agreement with Matrix Metals. Targets/prospects developed from this
programme will be followed up after the wet season break in March/April 2008.
The assay results together with geological mapping have clearly identified EPM’s 14916, 14281 held by
Matrix Metals as containing a number of priority drill targets. Under Agreement with Matrix Metals
through the NW Queensland Joint Venture, DYL is earning 80% interest in the uranium rights to these
tenements and has the right to 100% by buying out Matrix’s retained 20% on each individual deposit
(ASX 20 February 2006).
Mt Isa Exploration Update
07-65 Mt Isa Exploration Update Page No. 4
Miranda North Sample DH 029. Oxidised chlorite–haematite schist
with pale yellow uranophane (?) mineralisation
Dr Leon Pretorius Further Information: Martin Kavanagh
Managing Director Executive Director
Deep Yellow Limited (08) 9286 6999
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.
wzebra33
17 years ago
Namibia - Drillhole Chemical Assays Page No. 1
DEEP YELLOW
LIMITED
http://www.deepyellow.com.au/news/asx/070831_assays.pdf
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
31 August 2007
HIGHLY ENCOURAGING DRILLHOLE CHEMICAL
ASSAYS FROM NAMIBIA
• Previous drilling intersected 1 to 4 m thick mineralisation rarely averaging more than
300 ppm U3O8.
• Present drilling is regularly intersecting thicker zones of up to 13 m at much higher grades,
notably:-
Hole No. Depth
(m)
Interval
(m) Lithology U3O8
(ppm)
A2.80/7.5 0 to 12 10 Red sand 1,638
A4.80/5.5 3 to 15 12 Brown sand 1,036
A6.50/0.5 7 to 20 13 Brown sand 1,050
As previously announced Deep Yellow’s wholly owned Namibian subsidiary Reptile Uranium
Namibia (Pty) LTD (RUN) is conducting a vertical RC drilling campaign aimed at defining JORC
Standard resources within the 1970’s drilled Tubas prospect of Anglo American. To date 424
holes have been drilled for a total of 10,785 metre.
The uranium mineralisation occurs as recent secondary concentrations of carnotite in gypcrete
from the surface (in places) that quickly grades into aeolian and fluviatile sands. Mineralisation is
typically restricted to a maximum depth of 30 m and historically was reported by Anglo American to
rarely exceed 4 m in thickness and rarely exceed an average of 300 ppm U3O8
over the
mineralised zone.
RUN’s grid drilling has varied from 50 m spacing to 100 m and lately to 200 m spacing as can be
seen on the attached map and is aimed at augmenting the historical data to allow Deep Yellow’s
consultants to determine JORC resources on an ongoing basis which will eventually encompass
the entire 14 by 4 km area of known mineralisation at Tubas. Initial resource numbers are expected
within two months.
HIGHLY ENCOURAGING DRILLHOLE CHEMICAL
ASSAYS FROM NAMIBIA
07-61 Namibia - Drillhole Chemical Assays Page No. 2
It is very encouraging that not only is the RUN drilling returning higher grades on average to those
that Anglo reported in general; but it is also finding much thicker zones of mineralisation (as
depicted above) at much higher grades than Anglo ever reported.
Figure showing drill holes completed to date
Although downhole radiometric logging is being done on all holes drilled, the Company will not
report equivalent U3O8
values until the disequilibrium factors are statistically proven.
Dr Leon Pretorius
Managing Director
Further Information:
Mr Martin Kavanagh
Executive Director
(08) 9286 6999
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.
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