Exploration at Tumas 3 encounters high uranium mineralisation
Deep Yellow, an Australian uranium exploration company this week said its first drilling campaign conducted under the direction of the new management team has produced a highly successful overall result.
According to Deep Yellow Managing Director, John Borshoff in a statement, more than 70% of the 400 holes drilled (averaging 26m in depth) over the Tumas 3 target zone encountered mineralisation higher than the 100 ppm eU3O8 over 1 metre cut-off tested on a methodical 100m x 100m drill spacing.
“This work has identified a significant mineralised zone at Tumas 3. This is not only expected to add to the current uranium resource base of this project but, more significantly, emphasises the strong exploration potential of the uranium-fertile, extensive palaeochannel system within which the new Tumas 3 discovery occurs,” he added.
Tumas 3 is now the fourth mineralised zone identified (after Tumas 1 & 2 and Tubas Sand/calcrete deposits) occurring within the 125km of palaeochannels that occur within the Reptile project tenements.
According to the mining firm, some 80%, or approximately 100km, of these palaeochannels remain to be properly tested.
“These new positive results both from drilling and reinterpretation of historic exploration data provide management with increasing confidence that the existing uranium resource base for Langer Heinrich style deposit/s within the Reptile project area can be further increase,” he said.
According to Borshoff, the next drilling campaign is planned to follow both the completion of the Tumas 3 resource estimation, expected to be reported late in the current September quarter and analysis of the planned geophysics surveys.