RC drilling at Barking Gecko on EPL3669 intersects zones of thick uranium mineralisation in basement targets.
- Results substantially upgrade the prospectivity for alaskite-type basement deposits similar to the Rössing and Husab uranium orebodies.
- Results indicate Barking Gecko prospect could be part of a larger mineralised system, which include basement-related deposits in the adjacent 100% owned Reptile Project, defining a distinct 18km zone of very high uranium prospectivity.
- Exploration results from the first seven holes of the drilling campaign at Barking Gecko reaffirm management’s positive expectation for additional discoveries on these projects.
- 200m wide drill spacing leaves the mineralisation intersected open both laterally and at depth, allowing ample space to identify further mineralisation of significant size.
Deep Yellow Limited currently represents 5% of Fahy Capital Management’s NuChemICF.