Emerging uranium explorer Deep Yellow has announced results from the latest round of drilling at the company's Mt Isa Project in Queensland.
In a statement, the Perth-based company said XRF chemical assays from RC drilling at the Queens Gift Prospect continued to confirm and extend uranium mineralisation intersected during the 2007/2008 programmes.
Importantly in recent drilling a ‘new’ southern mineralised zone has been delineated.
Significant intercepts include 38 metre at 426 ppm U3O8 from 197 metre, while downhole gamma results (eU3O8) from RC drilling on the Slance NW Prospect has returned significant mineralisation, namely 28 metre at 1,074 ppm eU3O8 from 107 metre and 15 metre at 661 ppm eU3O8 from 155 metre.
Meanwhile, the second phase of RC drilling at Isa West is now complete.
Of significance are the final deep intercepts at ± 200 metre vertical depth at the Thanksgiving and Bambino Prospects. Thanksgiving Prospect intersections include 18 metre at 454 ppm U3O8 from 246 metre.
The Bambino Prospect intersections include 15 metre at 509 ppm U3O8 from 194 metre.
The Mount Isa district 2009 RC programme currently totals 155 holes for 22,138 metre drilled and 6,850 samples collected.
RC drilling programmes have been concluded at Isa West and Queens Gift, while drilling at Slance NW has commenced and the Leichhardt JV programme is expected to kick off in November and finish before mid December.
Diamond drilling at Queens Gift and Ewen is also expected to be completed at the same time weather permitting.
At the Isa North Project, 15 RC holes have been completed since the release of the September Quarterly Report.
The 2009 drill programme has focussed on the drill out of the Northern and Central mineralised zones which included the discovery of a deep eastern zone (17 metre at 619 ppm U3O8 from 278 metre).
Three of the five planned DC holes will be drilled as diamond tails off existing RC holes targeting the previously undrilled (owing to rugged terrain) eastern contact of the Central Zone.