DYL - Deep Yellow
- Thread starter slimtrader
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Maybe there is some sentiment the stock is only worth 50 cents which could create some holders selling off. Also, when you issue additional stock at a discount it can water down the value of a company, so the company is perceived by the market as being worth less. Hopefully DYL will show some consolidation and then should in theory bounce back. Keep in mind those who have been watching this stock are waiting on an ann. re namibia.
DYOR im not a bro or adviser
Just received notification of ann. about to be released.........
DYOR im not a bro or adviser
Just received notification of ann. about to be released.........
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Hi all, Just looking at today's announcment-GRANT OF ADDITIONAL NAMIBIAN TENEMENT.
"The new EPL area, known as Aussinanis, was prospected and drilled by French company Elf-
Aquitaine to feasibility stage between 1974 and 1982, outlining uranium mineralisation that
occurs as carnotite at shallow depths in a palaeochannel system."
Now if Elf thought it was worth drilling this EPL to feasibility stage back in 1974/1982 then imagine what it would be worth today!
I'm trying to find drill results on the EPL so if anyone can help me please do so.
Cheers
"The new EPL area, known as Aussinanis, was prospected and drilled by French company Elf-
Aquitaine to feasibility stage between 1974 and 1982, outlining uranium mineralisation that
occurs as carnotite at shallow depths in a palaeochannel system."
Now if Elf thought it was worth drilling this EPL to feasibility stage back in 1974/1982 then imagine what it would be worth today!
I'm trying to find drill results on the EPL so if anyone can help me please do so.
Cheers
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URANIUM
NAMIBIA is currently the world’s fifth-biggest uranium producer (after Canada, Australia, Kazakhstan and Niger), and once a planned output expansion at Rossing is completed and Langer Heinrich comes fully on stream in 2007, is set to become the third biggest.
In addition to Rossing and Langer Heinrich, known deposits include Aussinanis, Hakskeen, Klein Spitzkoppe, Marinica, Oryx, Trekkopje/Klein Trekkopje, Tubas, Tumas, Valencia and Wolfkoppe.
Most contain uranium mineralisation either in alaskite granite (as at Rossing) or calcrete (as at Langer Heinrich), mainly at shallow depth and amenable to open-pit mining.
The Rossing mine’s future for the next ten years has been assured by a US$112 million lifeof-mine extension project approved in December 2005 by Rio Tinto group, the major shareholder with 68.6%. Rossing’s other main shareholders include the Namibian Government (whose equity holding of 3.5% translates into a 50% voting interest), South Africa’s Industrial Development Corp (10%) and the Iran Government (10%).
Given the continuing controversy over Iran’s nuclear programme, Rossing issued a statement in mid-2005 to the effect that no uranium had been supplied to Iran by the mine since Namibia’s independence in 1990. Production of uranium oxide is being raised over a two-year period back to the mine’s original design capacity of 4,000 t/y, which was last achieved in the early 1990s. Rossing produced 3,711 t in 2005.
The US$92 million Langer Heinrich mine, located some 100 km to the southeast of Rossing, is being commissioned by Perth-based Paladin Resources, with the first shipments to customers expected to take place in February 2007. The
calcrete ore deposit is much smaller but of higher grade than that at Rossing, and planned output of some 1,200 t/y of U308 will boost Namibia’s total uranium output to over 5,000 t/y.
A third uranium deposit, Trekkopje/Klein Trekkopje (located 20 km north of the Rossing mine) is being evaluated by UraMin Inc. Evaluation of a fourth known uranium deposit also started earlier this year, with TSX-listed Forsys Metals Corp commencing a diamond-drilling programme at its Valencia project. AIM-listed Kalahari Minerals, which has a portfolio of mainly copper and gold prospects in Namibia, is evaluating potential uranium mineralisation at Husab.
NAMIBIA is currently the world’s fifth-biggest uranium producer (after Canada, Australia, Kazakhstan and Niger), and once a planned output expansion at Rossing is completed and Langer Heinrich comes fully on stream in 2007, is set to become the third biggest.
In addition to Rossing and Langer Heinrich, known deposits include Aussinanis, Hakskeen, Klein Spitzkoppe, Marinica, Oryx, Trekkopje/Klein Trekkopje, Tubas, Tumas, Valencia and Wolfkoppe.
Most contain uranium mineralisation either in alaskite granite (as at Rossing) or calcrete (as at Langer Heinrich), mainly at shallow depth and amenable to open-pit mining.
The Rossing mine’s future for the next ten years has been assured by a US$112 million lifeof-mine extension project approved in December 2005 by Rio Tinto group, the major shareholder with 68.6%. Rossing’s other main shareholders include the Namibian Government (whose equity holding of 3.5% translates into a 50% voting interest), South Africa’s Industrial Development Corp (10%) and the Iran Government (10%).
Given the continuing controversy over Iran’s nuclear programme, Rossing issued a statement in mid-2005 to the effect that no uranium had been supplied to Iran by the mine since Namibia’s independence in 1990. Production of uranium oxide is being raised over a two-year period back to the mine’s original design capacity of 4,000 t/y, which was last achieved in the early 1990s. Rossing produced 3,711 t in 2005.
The US$92 million Langer Heinrich mine, located some 100 km to the southeast of Rossing, is being commissioned by Perth-based Paladin Resources, with the first shipments to customers expected to take place in February 2007. The
calcrete ore deposit is much smaller but of higher grade than that at Rossing, and planned output of some 1,200 t/y of U308 will boost Namibia’s total uranium output to over 5,000 t/y.
A third uranium deposit, Trekkopje/Klein Trekkopje (located 20 km north of the Rossing mine) is being evaluated by UraMin Inc. Evaluation of a fourth known uranium deposit also started earlier this year, with TSX-listed Forsys Metals Corp commencing a diamond-drilling programme at its Valencia project. AIM-listed Kalahari Minerals, which has a portfolio of mainly copper and gold prospects in Namibia, is evaluating potential uranium mineralisation at Husab.
Four of the areas listed are in DYLs ground - Tumas, Tubas, Oryx and the new one Aussinanis. Will be interesting!
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I found a good read on DYL's EPL's. It has info on all DYL's drill targets
http://www.mme.gov.na/gsn/pdf/uranium.pdf
http://www.mme.gov.na/gsn/pdf/uranium.pdf
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4.2.2.1.2 The Tubas Uranium deposit
The Tubas deposit is situated along the Tumas River some 40 km east of Walvis Bay.
The deposit was located during exploration conducted over the Tubas Grant (Fig. 25).
Anomalous zones were located in the southern part of the grant which is transected by the westwards-flowing Tumas River. T-cup survey anomalies were percussion drilled and this located secondary uranium mineralisation associated with the palaeochannel of the Tumas valley.
The Tumas valley is in excess of 40-m-deep and the rock types occupying the palaeovalley consist of red to brick-red sand or sandstone, grits, conglomerates, gypsum and calcrete. Red sands occur up to 10 m below surface. Calcretes of ranging shades are present below the red sands. Within the calcretes are loosely consolidated grits and gravels (Fig. 29).
Uranium mineralisation in the Tumas River drainage is present mainly in tabular bodies of the upper 20 m. The mineralisation is predominantly associated with red sands but values in excess of 100 g/t have also been recorded from calcretes and gravels.
Carnotite occurs as yellow specks and streaks, or coats worm burrows or shrinkage spaces around larger clasts. Traces of uranium have also been identified in refractory heavy minerals.
Anomalous U3O8 results have been intersected in 41% of the boreholes drilled in the Tumas River (Fig. 30). These values range between 50 to 200 g/t. The highest individual assay result recorded was 951 g/t U3O8 over one metre, some 11 m below surface. The same borehole returned an average value of 639 g/t U3O8 over three metres.
A preliminary estimate of the results of this programme indicated 130 million t at 90 g/t U3O8 over an average thickness of 7 m with an average overburden of 3 m.
An additional percussion-drill programme was conducted over selected small areas and confirmed the gypsiferous red sandstone as the main host for mineralisation. Higher grades were also indicated with values in excess of 1 000 g/t U3O8 being returned from boreholes on three of the twelve lines drilled. The single highest assay was 8 177 g/t over 1 m (Wagener,
1977b). Pitting and trenching in selected areas indicated extreme variability of mineralisation over small areal separations of ±2 m. During the later phases of exploration, metallurgical tests were undertaken on the ore but the unfavorable uranium market led to the termination of exploration activities (Wagener, 1983).
The Tubas deposit is situated along the Tumas River some 40 km east of Walvis Bay.
The deposit was located during exploration conducted over the Tubas Grant (Fig. 25).
Anomalous zones were located in the southern part of the grant which is transected by the westwards-flowing Tumas River. T-cup survey anomalies were percussion drilled and this located secondary uranium mineralisation associated with the palaeochannel of the Tumas valley.
The Tumas valley is in excess of 40-m-deep and the rock types occupying the palaeovalley consist of red to brick-red sand or sandstone, grits, conglomerates, gypsum and calcrete. Red sands occur up to 10 m below surface. Calcretes of ranging shades are present below the red sands. Within the calcretes are loosely consolidated grits and gravels (Fig. 29).
Uranium mineralisation in the Tumas River drainage is present mainly in tabular bodies of the upper 20 m. The mineralisation is predominantly associated with red sands but values in excess of 100 g/t have also been recorded from calcretes and gravels.
Carnotite occurs as yellow specks and streaks, or coats worm burrows or shrinkage spaces around larger clasts. Traces of uranium have also been identified in refractory heavy minerals.
Anomalous U3O8 results have been intersected in 41% of the boreholes drilled in the Tumas River (Fig. 30). These values range between 50 to 200 g/t. The highest individual assay result recorded was 951 g/t U3O8 over one metre, some 11 m below surface. The same borehole returned an average value of 639 g/t U3O8 over three metres.
A preliminary estimate of the results of this programme indicated 130 million t at 90 g/t U3O8 over an average thickness of 7 m with an average overburden of 3 m.
An additional percussion-drill programme was conducted over selected small areas and confirmed the gypsiferous red sandstone as the main host for mineralisation. Higher grades were also indicated with values in excess of 1 000 g/t U3O8 being returned from boreholes on three of the twelve lines drilled. The single highest assay was 8 177 g/t over 1 m (Wagener,
1977b). Pitting and trenching in selected areas indicated extreme variability of mineralisation over small areal separations of ±2 m. During the later phases of exploration, metallurgical tests were undertaken on the ore but the unfavorable uranium market led to the termination of exploration activities (Wagener, 1983).
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4.2.2.1.3 Oryx
The Oryx Grant area is situated in the Namib Desert Park, 70 km east of Walvis Bay (Fig. 25).
Rocks of the Damara Sequence overlie red granite and metasedimentary rocks of the Abbabis Formation, which form dome-like
structures in the western part of the grant area.
The Damara Sequence is represented by quartzites, biotite gneisses and conglomerates of the Nosib Group in the west and the Chous Formation and Tinkas Member of the Swakop Group in the east. The Swakop Group rocks are intruded by a north-south trending oval-shaped mass of post tectonic granite.
The grant area is characterised by northerly-to northeasterly-trending structures. Folding has produced large-scale basin-and-dome structures as well as smaller isoclinal folds. The major axes and plunge directions of the fold structures
parallel the regional fabric of the area.
Two anomalies termed OA and OB were defined by the initial exploration programme and subsequent follow-up surveys focused on these areas (Fig. 25).
Anomaly OA is covered by superficial deposits of alluvium, residium, calcrete and gypsum. The area is bounded in the east by
outcrops of the Tinkas Member and in the west by red granite gneisses of the Abbabis Formation. Projecting through the surficial cover are numerous small outcrops of pegmatite and marble. A radiometric survey defined a northwesterly-trending anomaly over surficial material. The anomaly is defined by a 20 g/t U3O8 isoline and contains areas of higher values which peak at 80 g/t U3O8.
Soil samples were analysed for U3O8 and ThO2 and anomalies of these were found to coincide with the total-count radiometric anomalies. In the eastern part of the detailed grid only, U3O8 anomalies occur and are due to the presence of secondary uranium in calcrete and gypcretes. Uranium anomalies were defined as being greater than 25 g/t U3O8, with the highest value recorded being 137 g/t U3O8. Thorium anomalies are defined by the 30 g/t ThO2 isoline and peak in the western part of the grid at 127 g/t ThO2.
Anomaly OB is covered by alluvium, calcrete, gypcrete and scree, through which frequent outcrops of Tinkas Memberschist,Chuos Formation mixtite and Nosib Group quartzite protrude. The eastern part of this anomaly is underlain by late tectonic granite.
Structurally the area is complex with fold areas trending both east-west and north-south.
Two anomalies were defined by a radiometric survey. The first measures 300 by 130 m with a peak value of 180 g/t equivalent
U, and is located over weathered outcrop of Tinkas Member schist. The second anomaly is 400 by 60 m in extent and islocated over surficial sediments. It has a peak value of 90 g/t equivalent U.
An assessment of all results led to the shift of exploration emphasis towards secondary uranium mineralisation in the Tumas drainage and its tributaries. A drilling programme located secondary uranium mineralisation in the calcrete and gypcrete surficial sedimentary deposits. The mineralisation consists of sporadic anomalous U3O8 which occurs at variable depths and is
confined to the palaeochannel. Metallurgical testwork on selected percussion-drill samples indicated that wet scrubbing could upgraded the secondary mineralization (Marsh, 1984).
The anomalies associated with the Tumas River were found to extend southwards into a major tributary channel and the Oryx Extension Grant was subsequently taken out to investigate these.
Six small weakly-mineralised areas covered by 6.2 m of overburden were delineated. They indicated approximately 8 000 000 t U3O8 at a grade of about 140 g/t (Bothe, ca. 1975).
The Oryx Grant area is situated in the Namib Desert Park, 70 km east of Walvis Bay (Fig. 25).
Rocks of the Damara Sequence overlie red granite and metasedimentary rocks of the Abbabis Formation, which form dome-like
structures in the western part of the grant area.
The Damara Sequence is represented by quartzites, biotite gneisses and conglomerates of the Nosib Group in the west and the Chous Formation and Tinkas Member of the Swakop Group in the east. The Swakop Group rocks are intruded by a north-south trending oval-shaped mass of post tectonic granite.
The grant area is characterised by northerly-to northeasterly-trending structures. Folding has produced large-scale basin-and-dome structures as well as smaller isoclinal folds. The major axes and plunge directions of the fold structures
parallel the regional fabric of the area.
Two anomalies termed OA and OB were defined by the initial exploration programme and subsequent follow-up surveys focused on these areas (Fig. 25).
Anomaly OA is covered by superficial deposits of alluvium, residium, calcrete and gypsum. The area is bounded in the east by
outcrops of the Tinkas Member and in the west by red granite gneisses of the Abbabis Formation. Projecting through the surficial cover are numerous small outcrops of pegmatite and marble. A radiometric survey defined a northwesterly-trending anomaly over surficial material. The anomaly is defined by a 20 g/t U3O8 isoline and contains areas of higher values which peak at 80 g/t U3O8.
Soil samples were analysed for U3O8 and ThO2 and anomalies of these were found to coincide with the total-count radiometric anomalies. In the eastern part of the detailed grid only, U3O8 anomalies occur and are due to the presence of secondary uranium in calcrete and gypcretes. Uranium anomalies were defined as being greater than 25 g/t U3O8, with the highest value recorded being 137 g/t U3O8. Thorium anomalies are defined by the 30 g/t ThO2 isoline and peak in the western part of the grid at 127 g/t ThO2.
Anomaly OB is covered by alluvium, calcrete, gypcrete and scree, through which frequent outcrops of Tinkas Memberschist,Chuos Formation mixtite and Nosib Group quartzite protrude. The eastern part of this anomaly is underlain by late tectonic granite.
Structurally the area is complex with fold areas trending both east-west and north-south.
Two anomalies were defined by a radiometric survey. The first measures 300 by 130 m with a peak value of 180 g/t equivalent
U, and is located over weathered outcrop of Tinkas Member schist. The second anomaly is 400 by 60 m in extent and islocated over surficial sediments. It has a peak value of 90 g/t equivalent U.
An assessment of all results led to the shift of exploration emphasis towards secondary uranium mineralisation in the Tumas drainage and its tributaries. A drilling programme located secondary uranium mineralisation in the calcrete and gypcrete surficial sedimentary deposits. The mineralisation consists of sporadic anomalous U3O8 which occurs at variable depths and is
confined to the palaeochannel. Metallurgical testwork on selected percussion-drill samples indicated that wet scrubbing could upgraded the secondary mineralization (Marsh, 1984).
The anomalies associated with the Tumas River were found to extend southwards into a major tributary channel and the Oryx Extension Grant was subsequently taken out to investigate these.
Six small weakly-mineralised areas covered by 6.2 m of overburden were delineated. They indicated approximately 8 000 000 t U3O8 at a grade of about 140 g/t (Bothe, ca. 1975).
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4.2.2.1.4 Tumas Deposit
The Tumas grant is situated 70 km due east of Walvis Bay and covers a portion of the Namib Desert Park (Fig. 25).
The area is underlain mainly by biotite schists, quartzites, meta-greywackes, marbles and silicates of the Tinkas Member of the Karibib Formation. The rocks have been intensely folded and locally have a northnortheast - south-southwest strike and steep dips. Intrusive Salem type granites and pegmatites occur mainly in the west. Karoo age dolerite dykes have intruded parallel to the regional foliation trend of the Damaran metasediments.
Aeromagnetic surveys located one major and three other significant anomalies. A detailed block, termed Block A, was designed to cover these anomalies.
Block A is situated in the northeastern part of the grant area. A marked ridge of Tinkas Member metasediments on the western boundary of the grant has given rise to a restriction in the east-west drainage resulting in only one outlet to the west. This has resulted in a damming effect to the east and sedimentation of mainly calcareous lithologies took place within the palaeochannels (Fig. 31).
The calcareous grit is a mature sediment containing grains of rounded to sub-angular quartz and feldspar cemented by calcium
carbonate. Clasts of Damaran metasedimentsand Karoo dolerites are rarely present. The rock is very similar to the Langer Heinrich Formation found at the Langer Heinrich deposit.
Carnotite mineralisation is generally sparsely distributed although rich patches associated with smoky quartz grains grade up to 510 g/t U3O8.
An immature brown calcareous siltstone, containing greater amounts of angular fragments and a higher percentage of mafic
minerals, is considered to be younger than the calcareous grits described above. It is cemented by calcium carbonate and its brown colouring is due to the weathering of mafic minerals.
It crops out over an area of some 700 by 150m, but radon cup surveys have indicated that it may extend for a further 1 000 m within the sand-filled present Tumas drainage system.
The rock is consistantly mineralised across the outcrop and carnotite occurs as cavity-fills and also as a finely disseminated phase. The grades vary between 315 and 770 g/t U3O8. Surficial sands cover most of the plains in Block A. Calcretisation of these sediments has occurred and concretionary calcretes form a continuous capping beneath the sand-covered areas.
Gypcretes form the youngest of the sediments and occur as cements in river gravels and sedimentary breccias. Gypsiferous
sedimentary breccias were found to contain up to 60 kg/t U3O8 (Borton, 1977).
Five mineralised zones were detected within the northern channel. The zones correspond well with the palaeochannel which has been dissected by metasedimentary barriers. The thickness of the palaeochannel varies between 1 and 15 m, averaging 10 m, whereas the thickness of the mineralisation itself varies between 1 and 5 m, averaging 3.2 m. The grades are constant and average 200 g/t U3O8. The southern channel is far more consistently mineralised and presumably formed the main
palaeochannel. Thicknesses of calcretized gritty fluvio-sediments vary between 1 m and >20 m, averaging 12 m. The thickness of mineralisation is also variable between 1 m and 11 m with an average of 3.5 m. The grade averages 260 g/t
U3O8. However, a high-grade area containing approximately 1 million t at 560 g/t is present in the south of the southern channel.
The total reserves of the Tumas deposit have been estimated at 13 million t at an average grade of 244 g/t U3O8 (Ransom, 1981).
The southern channel extends eastwards into the Namib Park II grant area (Fig. 25). The area has been covered by a 1 by 1 km T-cup grid and a 0.5 by 1 km soil sample grid. Anomalous areas were then covered by a detailed T-cup grid.
The Tumas grant is situated 70 km due east of Walvis Bay and covers a portion of the Namib Desert Park (Fig. 25).
The area is underlain mainly by biotite schists, quartzites, meta-greywackes, marbles and silicates of the Tinkas Member of the Karibib Formation. The rocks have been intensely folded and locally have a northnortheast - south-southwest strike and steep dips. Intrusive Salem type granites and pegmatites occur mainly in the west. Karoo age dolerite dykes have intruded parallel to the regional foliation trend of the Damaran metasediments.
Aeromagnetic surveys located one major and three other significant anomalies. A detailed block, termed Block A, was designed to cover these anomalies.
Block A is situated in the northeastern part of the grant area. A marked ridge of Tinkas Member metasediments on the western boundary of the grant has given rise to a restriction in the east-west drainage resulting in only one outlet to the west. This has resulted in a damming effect to the east and sedimentation of mainly calcareous lithologies took place within the palaeochannels (Fig. 31).
The calcareous grit is a mature sediment containing grains of rounded to sub-angular quartz and feldspar cemented by calcium
carbonate. Clasts of Damaran metasedimentsand Karoo dolerites are rarely present. The rock is very similar to the Langer Heinrich Formation found at the Langer Heinrich deposit.
Carnotite mineralisation is generally sparsely distributed although rich patches associated with smoky quartz grains grade up to 510 g/t U3O8.
An immature brown calcareous siltstone, containing greater amounts of angular fragments and a higher percentage of mafic
minerals, is considered to be younger than the calcareous grits described above. It is cemented by calcium carbonate and its brown colouring is due to the weathering of mafic minerals.
It crops out over an area of some 700 by 150m, but radon cup surveys have indicated that it may extend for a further 1 000 m within the sand-filled present Tumas drainage system.
The rock is consistantly mineralised across the outcrop and carnotite occurs as cavity-fills and also as a finely disseminated phase. The grades vary between 315 and 770 g/t U3O8. Surficial sands cover most of the plains in Block A. Calcretisation of these sediments has occurred and concretionary calcretes form a continuous capping beneath the sand-covered areas.
Gypcretes form the youngest of the sediments and occur as cements in river gravels and sedimentary breccias. Gypsiferous
sedimentary breccias were found to contain up to 60 kg/t U3O8 (Borton, 1977).
Five mineralised zones were detected within the northern channel. The zones correspond well with the palaeochannel which has been dissected by metasedimentary barriers. The thickness of the palaeochannel varies between 1 and 15 m, averaging 10 m, whereas the thickness of the mineralisation itself varies between 1 and 5 m, averaging 3.2 m. The grades are constant and average 200 g/t U3O8. The southern channel is far more consistently mineralised and presumably formed the main
palaeochannel. Thicknesses of calcretized gritty fluvio-sediments vary between 1 m and >20 m, averaging 12 m. The thickness of mineralisation is also variable between 1 m and 11 m with an average of 3.5 m. The grade averages 260 g/t
U3O8. However, a high-grade area containing approximately 1 million t at 560 g/t is present in the south of the southern channel.
The total reserves of the Tumas deposit have been estimated at 13 million t at an average grade of 244 g/t U3O8 (Ransom, 1981).
The southern channel extends eastwards into the Namib Park II grant area (Fig. 25). The area has been covered by a 1 by 1 km T-cup grid and a 0.5 by 1 km soil sample grid. Anomalous areas were then covered by a detailed T-cup grid.
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4.2.2.1.5 The Aussinanis Deposit
This deposit is situated north of the Gobabeb Desert Ecological Research station (Fig. 25) and was located during an airborne radiometric survey.
The pediplain consists of a more recent veneer of calcrete and in places, gypcrete, which attains a thickness of one metre. The pediplain is shallowly dissected by a recent drainage system draining towards the Kuiseb River. A palaeochannel with a northeasterly trend was located in this area. Schists of the Kuiseb Formation and Salem and Donkerhuk Granites occur as shallow outcrops along the northern and southern fringes of the palaeochannel.
Pedogenic calcrete forms a superficial cover to the palaeochannel which has a depth of not more than 20 m.
The palaeochannel has been infilled and choked with tertiary detritus, which consists largely of angular to sub-angular cobbles and fragments of a variety of granitic rocks and quartz pebbles of local derivation.
A ground radiometric survey conducted in this area delineated an anomalous area measuring 1 800 by 14 000 m.
Uranium occurs as irregular dispersed carnotite in blebs, reworked veinlets and as thin coatings surrounding pebbles. The
mineralisation was found to occur with random and irregular frequency in a tabular horizon lying near surface and extending up to depths of between 7 and 10 m. The ore zone is some 15-km-long and varies between 2 km and 200 m in width. The thickness of the ore body is between 1 and 2 m and occasionally up to 5 m (Debaveye, 1981).
The ore body extends to the northwest, where field investigation of airborne radiometric anomalies led to the discovery of
small showings of carnotite in schists, Salem Granite and drainage channels. Selected secondary uranium anomalies
associated with southwesterly-trending channels were investigated in detail by a percussion drilling programme. However, only 3 holes intersected grades of higher than 100 g/t U3O8 (Linning, 1976).
This deposit is situated north of the Gobabeb Desert Ecological Research station (Fig. 25) and was located during an airborne radiometric survey.
The pediplain consists of a more recent veneer of calcrete and in places, gypcrete, which attains a thickness of one metre. The pediplain is shallowly dissected by a recent drainage system draining towards the Kuiseb River. A palaeochannel with a northeasterly trend was located in this area. Schists of the Kuiseb Formation and Salem and Donkerhuk Granites occur as shallow outcrops along the northern and southern fringes of the palaeochannel.
Pedogenic calcrete forms a superficial cover to the palaeochannel which has a depth of not more than 20 m.
The palaeochannel has been infilled and choked with tertiary detritus, which consists largely of angular to sub-angular cobbles and fragments of a variety of granitic rocks and quartz pebbles of local derivation.
A ground radiometric survey conducted in this area delineated an anomalous area measuring 1 800 by 14 000 m.
Uranium occurs as irregular dispersed carnotite in blebs, reworked veinlets and as thin coatings surrounding pebbles. The
mineralisation was found to occur with random and irregular frequency in a tabular horizon lying near surface and extending up to depths of between 7 and 10 m. The ore zone is some 15-km-long and varies between 2 km and 200 m in width. The thickness of the ore body is between 1 and 2 m and occasionally up to 5 m (Debaveye, 1981).
The ore body extends to the northwest, where field investigation of airborne radiometric anomalies led to the discovery of
small showings of carnotite in schists, Salem Granite and drainage channels. Selected secondary uranium anomalies
associated with southwesterly-trending channels were investigated in detail by a percussion drilling programme. However, only 3 holes intersected grades of higher than 100 g/t U3O8 (Linning, 1976).
prawn_86
Mod: Call me Dendrobranchiata
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quite common to see these movements with DYL of late. a couple weeks ago it spiked 12% with no news then dropped back down the following days.
perhaps people are buying in expectation of the rights issue. when does that go ex?
perhaps people are buying in expectation of the rights issue. when does that go ex?
(DYL) starting to look really interesting. Finding it a little hard to get through short term resistance at 61c but has bounced nicely of the 50% retracement level from March lows to April highs this year. The only thing a little uncertain at the moment is the lack of volume. This needs to pick up and break 61c before I enter.
Attachments
Tend to agree.
Needs to close above 60c.
Solid resistance there, tested 4 times, failed on 3 occasions.
Watch out for AIM as well -- if it closes above 38 it could be special.
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Director has bought 5million shares today.
We are going to be seeing drill results being announced within the next month.
Mt Isa, Namibia
We are going to be seeing drill results being announced within the next month.
Mt Isa, Namibia
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Nice to be able to quote myself for a change
(above post dated 7th June)The price action is behaving as it indicated it might when compared to the previous chart patterns ..... If it continues on the same scenario as previous, we could expect another small rise tomorrow followed by a few days consolidation, and hopefully the pattern will repeat for another series of leg ups ............... Nothing is certain of course, but it seems to be following the "typical" DYL pattern .......... All indicators are looking good atm imho ......... Cheers.
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I would expect DYL to rise back to their high of 71.5c before the announcement of the Mt Isa & Namibia Drill results which can't be too far off now.
FYI, I will be taking up the entitlement issue. You've got to be silly not to.
50c is a very healthy price to pick up shares in DYL.
Blue skys ahead.
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Well a very interesting week for DYL. Closed at 60c making it a 5c gain for the week.
If my calculations are correct and if the announcements are on time I would expect to see some fire works next week.
Also I noticed that a late trade went through.
17:00 61c 38,000 LT XT
Can anyone shed some light on it?
Have a good weekend
If my calculations are correct and if the announcements are on time I would expect to see some fire works next week.
Also I noticed that a late trade went through.
17:00 61c 38,000 LT XT
Can anyone shed some light on it?
Have a good weekend
