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Denison Mines Corp.
Summary
| Project: | Wheeler River | |
|---|---|---|
| Deposit: | Gryphon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-4-2018: Denison Mines Corp. announces an Exploration/Drilling Update report for its Gryphon deposit at the Wheeler River project. Drilling results incl. 1m @ 3.3% eU3O8 from 595.7m. Toronto, ON – April 18, 2018 Denison Mines Corp. (“Denison” or the “Co | |
| Resources: | (Resource): 1.809Mt @ 3.3% U3O8 (Ind.) and 82Kt @ 1.7% U3O8 (Inf.) at project | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – April 18, 2018 Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE MKT: DNN) (NYSE American: DNN) is pleased to report the discovery of high-grade uranium mineralization 600 metres and 1 kilometre to the northeast of the Gryphon uranium deposit, on the Company’s 63.3% owned Wheeler River project, in northern Saskatchewan. The winter drilling program is now complete, resulting in a total of 21,153 metres drilled in 29 diamond drill holes. The program was focused on stepout drilling along strike of the Gryphon deposit and reconnaissance level regional exploration along the KNorth and K-West trend. The winter 2018 drilling results reported in this release are preliminary, equivalent uranium (“eU3O8”) results derived from a calibrated downhole probe. Drill core samples have been collected and submitted for chemical assay, results of which will be reported when available. The results indicate a continuation of the Gryphon mineralizing system to the northeast, and highlight the potential for the discovery of an additional high-grade uranium deposit within the basement or at the unconformity along strike of Gryphon. In addition, wide-spaced reconnaissance drilling along the K-West trend, approximately 500 metres west and northwest of the Gryphon deposit, has identified the hallmarks of a significant fertile trend with the potential to host high-grade uranium – including a large re-activated graphite-bearing fault zone, hydrothermal alteration and elevated radioactivity. | |
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