Stock Track | Deep Yellow Ltd Soars 6.36% Intraday on Positive Uranium Exploration Results
Stock Track
Apr 23
Deep Yellow Ltd's stock surged 6.36% during intraday trading on Thursday, driven by positive exploration updates from the company's uranium projects.
The Australian uranium explorer announced completion of reverse circulation infill drilling at its Tinkas prospect in Namibia, where uranium mineralization of over 100 parts-per-million grade of triuranium octoxide-equivalent was intersected in 38 holes. The company completed 133 holes totaling 1,363 meters in the drilling program.
Deep Yellow also reported progress at its Condor Prospect in Australia's Northern Territory, where a high-resolution reflection seismic survey has been completed to identify drill targets, with drilling expected to commence in the June quarter.
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