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Denison Mines Corp.
Summary
| Project: | Wheeler River | |
|---|---|---|
| Deposit: | Gryphon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-4-2017: Denison Mines Corp. announces an Exploration/Drilling Update report for its Gryphon deposit at the Wheeler River project. JV - Drilling results incl. 6.2m @ 5.9% eU3O8 from 698.4m. Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN | |
| Resources: | (Resource, Inf.): 834000t @ 2.3% U3O8 for 43.0Mlbs U3O8 contained at Gryphon | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE MKT) is pleased to report additional high-grade intersections from the Gryphon D series lenses of mineralization, which remain outside of the resources estimated for the Gryphon deposit in late 2015. The Gryphon deposit accompanies the Phoenix deposit on the Company’s 60% owned Wheeler River project, which is the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin. In addition, the Company is pleased to report radiometric equivalent grade results (“eU3O8“) from the final drill holes completed during the winter 2017 drill program at Wheeler River. Infill drilling within the Gryphon deposit’s A, B and C series lenses has continued as part of the winter 2017 program, with a further 4 drill holes having been completed prior to the completion of winter drilling activities. The radiometric equivalent grade results continue to confirm continuity and high-grades of the Gryphon deposit lenses. Denison's President & CEO, David Cates, commented “We are pleased to have completed another safe and successful drill season at Wheeler River this winter. Our Saskatoon based exploration team has delivered another productive season of drilling, with results in the vicinity of the Gryphon deposit demonstrating the potential for meaningful additional resources – particularly with some notable intersections in the D series lenses, which are situated outside of the existing resources estimated for the deposit. As we work towards increasing the confidence for the existing resources at the Gryphon deposit, from inferred to indicated, the infill drill program has produced a solid set of results confirming thicknesses and high-grades. The team is eagerly awaiting chemical assay results over the coming weeks, and is looking forward to commencing the summer drill program towards the end of May”. | |
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