Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a differentiated, advanced uranium exploration company, in predevelopment phase, implementing a 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. A PFS has recently been completed on its Tumas Project in Namibia and a DFS commenced February 2021. 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.
Deep Yellow Limited (ASX:DYL) Thick Mineralisation Identified at Barking Gecko
OTCMKTS:DYLLF) is pleased to announce that the Phase 1 follow-up drill program, which comprises 14 holes for 3,500m at the Barking Gecko North prospect (EPL3669) commenced on 12 July 2021 anticipated to be completed mid-September.
Phase 2 will be a similar drilling program to follow once the results of Phase1 drilling are fully determined.
Barking Gecko is part of the Nova Joint Venture project (NJV) in Namibia, located within EPL 369. Japan Oil, Gas and Metals National Corporation (JOGMEC) completed its 39.5% earn-in obligation through expenditure of A$4.5M.
The parties now jointly contributing and the NJV equity holdings are listed in the link below .