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Denison Mines Corp.
Summary
| Project: | Wheeler River | |
|---|---|---|
| Deposit: | Gryphon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 10/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-10-2016: Denison Mines Corp. announces an Exploration/Drilling Update report for its Gryphon deposit at the Wheeler River project. Drilling results incl. 14.4m @ 1.5% eU3O8 from 768.9m. Toronto, ON – October 6, 2016 Denison Mines Corp. (“Denison” or the | |
| Resources: | (Resource, Inf.): 834000t @ 2.3% U3O8 for 43.0Mlbs U3O8 contained at Gryphon | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – October 6, 2016 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE MKT) is pleased to report the completion of a safe and highly successful summer 2016 drilling program on the Company’s 60% owned Wheeler River project, located in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan. The summer program included 37 drill holes for a total of 23,622 metres, which were focused on expanding the mineralization in the vicinity of the Gryphon deposit and completing an initial set of infill and delineation holes. The program’s objectives were exceeded, demonstrating the Gryphon deposit is part of a large and robust mineralizing system that remains open in numerous directions. Denison's President and CEO, David Cates, commented, “The summer drilling program at Wheeler River was highlighted by the sheer number of mineralized results. The large majority of holes drilled returned potentially meaningful mineralization and have left us in the enviable position of having several target areas, on the D lenses and at the main Gryphon deposit, that remain open in multiple directions and will require follow-up in 2017. Our Saskatoon based exploration team continues to deliver results as we focus our attention on increasing the resource base at or around Gryphon. Quite simply, we are using the drill bit to improve what are already compelling economics at Wheeler River – which include an estimated cash operating cost of just over US$14 for the Gryphon deposit, according to the Preliminary Economic Assessment or ‘PEA’ filed for the project earlier this year.” | |
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