Deep Yellow Limited (ASX:DYL) Nova JV - Barking Gecko Drilling Update
Nova JV - Barking Gecko Drilling UpdatePerth, Feb 12, 2021 AEST (ABN Newswire) - On 13 November 2020 Deep Yellow Limited (
OTCMKTS:DYLLF) announced the commencement of a targeted follow-up drilling program at the Barking Gecko prospect to test the thick uranium intersections discovered in TN236RC during the previous drilling program. The program involves 13 RC holes totalling 3,200m. The drilling commenced on 23 November 2020 and two holes were drilled before the Namibian office closed for the festive season.
Deep Yellow is pleased to advise that follow-up drilling at the Barking Gecko prospect resumed in February, post the Christmas break, and has returned highly encouraging results from the latest two holes drilled.
Deep Yellow (ASX:DYL) resumes drilling at Barking Gecko
Source: Business News
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Deep Yellow (DYL) has recommenced drilling at the Barking Gecko prospect which is part of the Nova Joint Venture Project in Namibia
The joint venture is held with Japan Oil Gas and Metals National Corporation earned a 39.5 per cent stake by spending $4.5 million on exploration
The 3200-metre reverse circulation (RC) drilling program began in November to follow-up on previously identified uranium intersections
So far, four holes have been completed two of which have intersected thick uranium mineralisation
Deep Yellow is encouraged by this initial result as it confirm the potential for extensions to thick uranium at the prospect