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Denison Mines Corp.
Summary
| Project: | Wheeler River | |
|---|---|---|
| Deposit: | Gryphon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 3/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 29-3-2017: Denison Mines Corp. announces an Exploration/Drilling Update report for its Gryphon deposit at the Wheeler River project. JV - Drilling results incl. 5.8m @ 4.1% eU3O8 from 746.2m. 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 multiple high-grade uranium intercepts amongst the D series of mineralized lenses, which are located outside of the existing resources estimated for the Gryphon deposit, on the Company’s 60% owned Wheeler River project. Exploration and infill drilling are ongoing at Wheeler River, as part of a 16,000 metre winter drill program focused on increasing both the resource size and confidence of the Gryphon deposit. In addition to exploration drilling to expand mineralization outside of the Gryphon deposit, the 2017 winter drilling program is focused on continuing with infill and delineation drilling within the Gryphon deposit’s A, B and C series lenses, with the objective of increasing the level of confidence of the previously released inferred resources to an indicated level. The 2017 winter infill and delineation drilling program commenced on the up plunge and down plunge fringes of the deposit and has not yet reached the central, higher grade and thicker portions of the deposit. Denison's Vice President Exploration, Dale Verran, commented “The 2017 drill program’s results to date confirm continuity and high-grades of the Gryphon deposit mineralized lenses and exhibit possible upside to the resource with thicker and/or higher equivalent grades intersected than expected in select portions of the deposit. In addition, initial drill holes targeting horizons outside of the current resource were successful in expanding high-grade mineralization along the horizons of the previously identified D series lenses. With four drill rigs currently turning on the project our team is hard at work until mid-April when the winter program is expected to be concluded and planning will commence for the sizeable summer drill program.” | |
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