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Denison Mines Corp.
Summary
| Project: | Wheeler River | |
|---|---|---|
| Deposit: | Gryphon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 30-8-2017: Denison Mines Corp. announces an Exploration/Drilling Update report for its Gryphon deposit at the Wheeler River project. JV - Drilling results incl. 21.8m @ 1.3% eU3O8 from 639.5m. Toronto, ON – August 30, 2017 Denison Mines Corp. (“Denison” o | |
| Resources: | (Resource, Inf.): 834000t @ 2.3% U3O8 for 43.0Mlbs U3O8 contained at Gryphon | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – August 30, 2017 Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE MKT: DNN) (NYSE American: DNN) is pleased to report the intersection of new high-grade unconformityhosted uranium mineralization in drill hole WR-689D3 approximately 250 metres along strike to the northeast and 200 metres up-dip of the Gryphon deposit, on the Company’s 60% owned Wheeler River project. Preliminary radiometric equivalent probe results (“eU3O8”) from drill hole WR-689D3 are highlighted by an interval of 5.0% eU3O8 over 4.7 metres, including 8.5% eU3O8 over 2.7 metres, from mineralization occurring immediately above the sub-Athabasca unconformity that is comprised of massive to semimassive uraninite (pitchblende) associated with hydrothermal hematite and clay alteration. Denison is also pleased to report that a further ten drill holes have been completed within the D series of mineralized lenses, which occur entirely outside of the current resources estimated for the Gryphon deposit. The results continue to exhibit thick high-grade mineralized intervals as drilling focuses on expanding mineralization outwards, on an approximate 25 metre drill spacing, from the previously released results in drill holes WR-641 (5.3% U3O8 over 11.0 metres) and WR-633D3 (1.3% U3O8 over 3.0 metres, plus 3.3% U3O8 over 13.5 metres, and 6.2% U3O8 over 2.5 m). | |
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