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Denison Mines Corp.
Summary
| Project: | Wheeler River | |
|---|---|---|
| Deposit: | Gryphon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 22-9-2016: Denison Mines Corp. announces an Exploration/Drilling Update report for its Gryphon deposit at the Wheeler River project. Drilling results incl. 11.4m @ 1.2% eU3O8 from 692.7m. Toronto, ON – September 22, 2016 Denison Mines Corp. (“Denison” or | |
| Resources: | (Resource): 834000t @ 2.3% U3O8 for 43.0Mlbs U3O8 contained at Gryphon | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – September 22, 2016 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE MKT) is pleased to report the expansion of the high-grade A and B series lenses both down-dip and up-dip on the southwestern portion of the Gryphon deposit, located on the Company’s 60% owned Wheeler River project in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan. A further four exploration drill holes have been completed at the Gryphon deposit, with each hole returning significant uranium intersections outside of the existing mineralized extent of the current mineral resources estimated for the Gryphon deposit. Two of the exploration drill holes, located on 50 metre spaced sections and drilled approximately 50 metres down-dip from the previously delineated A and B series lenses, returned high-grade mineralization. The abovementioned results are reported as radiometric equivalent U3O8 (“eU3O8”) from a calibrated total gamma down-hole probe. Radiometric equivalent U3O8 results are preliminary in nature and all mineralized intervals will be sampled and submitted for chemical U3O8 assay. The holes were drilled at a high angle to mineralization to allow for better evaluation of true thicknesses which are expected to be approximately 75% of the intersection lengths. Dale Verran, VP Exploration of Denison commented, “The mineralized footprint around Gryphon continues to grow with ongoing drilling. As the summer 2016 drilling program wraps-up over the next couple of weeks, we are in the fortunate position of having the Gryphon deposit open in numerous areas with exciting future targets and encouraging potential for resource growth. As drill results come in from the summer program, our exploration team continues to plan for 2017, which is set to be another exciting year with the drill bit at a project that keeps delivering new and meaningful mineralization.” | |
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