The assay results include: 16m at 400 parts per million (ppm) uranium from 25m; 10m at 400ppm uranium from 94m; 18m at 939ppm uranium from 118m; 41m at 496ppm uranium from 164m; and 28m at 590ppm uranium from 153m.

The uranium mineralization at Ongolo Alaskite Project comes to within 20m of surface, according to the company.

Deep Yellow said that infill drilling to JORC Code standards commenced in December 2010 and will continue over the coming months.

The uranium mineralization at Ongolo is hosted by alaskitic granite, which occurs as voluminous masses and sheeted intrusive dykes, within the metasedimentary Khan Formation.

The uranium mineral is primarily uraninite, and where present at grades of greater than 500ppm, is marked by the presence of significant visible smokey quartz and, frequently, biotite.