14 Sept 2006drilling result▲ Good
The Napperby resource drilling programme finished with 255 holes drilled. Latest assays include a new best of 1 m at 5,120 ppm U3O8 and 4.5 m at 1,516 ppm in hole 160. Final results are expected in about four weeks.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2006drilling result▲ Good
Assays for Napperby holes 69-155 include the best result so far, 1 m at 4,320 ppm U3O8 in hole 132. The company says results support continuity between the 1979 Uranerz wide-spaced holes and their non-JORC estimate.
24 July 2006drilling result▲ Good
Next 33 Napperby holes returned numerous 1 m intervals above 1,000 ppm U3O8, with a best composite of 1,100 ppm over 4 m. The company says this supports a near-surface higher-grade channel within the wider low-grade zone.
10 July 2006drilling result▲ GoodMajor
First 35 Napperby resource holes confirm trench grades, best 1 m at 3,170 ppm U3O8 and best composite 893 ppm over 5 m. A 6-hole aircore trial again gave poor recovery. The company says Napperby is back on track after last year's setback.
7 June 2006drilling spud▲ GoodMajor
Resource drilling began at Napperby: 250 holes of 60 cm diameter on 50 x 50 m centres, to be finished in the September quarter. Deep Yellow also applied for five Queensland permits (about 1,600 km2) at Durong, 90% held with Superior Resources at 10%.
24 May 2006drilling scheduled▲ Good
Approvals are in for 250 large-diameter holes at Napperby, starting early June, to allow a resource estimate for the 1,000 x 600 m block. Fieldwork starts in June on the Matrix JV after tenement EPM 14196 was granted.
27 Apr 2006drilling result▲ GoodMajor
Napperby trench assays confirmed flat-lying calcrete-hosted uranium, with a 2 m zone above 1,000 ppm U3O8 and a peak of 3,460 ppm over 1.2 m. After the poor 2005 drilling, the board is again pursuing a resource program.
5 Apr 2006drilling progress report● Neutral
Napperby trenching is finished and 369 samples have gone for uranium assay, with results due late April. This follows the visible carnotite found in the trenches.
24 Mar 2006drilling progress report▲ Good
Central Land Council cleared trenching beside three mineralised Napperby holes. Trenching began 23 March and has exposed visible carnotite (a uranium mineral) in the first two trenches, ahead of further resource drilling.
23 Feb 2006farm in farm out agreement▲ GoodMajor
Deep Yellow signed a binding heads of agreement for uranium rights to Dominion's 3,300 sq km Western Gawler tenements in South Australia. It can earn 90% by spending $3 million over 3 years, with shares equal to 2.2% of capital (or $1 million, if greater).
20 Feb 2006farm in farm out agreement▲ GoodMajor
Deep Yellow agreed a uranium joint venture with Matrix Metals over about 5,000 sq km near Mt Isa-Cloncurry. It can earn 51% by spending $3 million over 3 years, plus shares equal to 2.2% of its capital.
20 Feb 2006farm in farm out agreement● Neutral
Re-release of the 20 February Matrix Metals uranium joint venture announcement (earn 51% for $3 million over 3 years); no new information in the text shown.