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Denison Mines Corp.

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Summary

Project:

Wheeler River

Deposit:Gryphon, Phoenix
Location:Canada
Commodities:Uranium
Date:1/31/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:31-1-2018: Denison Mines Corp. announces a Resource Estimation report for its Gryphon, Phoenix deposit at the Wheeler River project. Updated Indicated Resources increased by 88%. The Wheeler River Uranium Project is an advanced exploration stage joint ven
Resources:(Resource): 1.809Mt @ 3.3% U3O8 (Ind.) and 82Kt @ 1.7% U3O8 (Inf.) at project
CP/QP:[Resources]: William Roscoe (Roscoe Postle Associates Inc.)
ABSTRACT:The Wheeler River Uranium Project is an advanced exploration stage joint venture owned 63.3% by Denison Mines Inc., a wholly owned subsidiary of Denison Mines Corp. (collectively, with its subsidiaries, “Denison”), 26.7% by Cameco Corporation (“Cameco”), and 10% by JCU (Canada) Exploration Company Ltd. (“JCU”). Denison is the operator of the joint venture. Roscoe Postle Associates Inc. (“RPA”) was retained by Denison on behalf of the Wheeler River Joint Venture (“WRJV”) to prepare an updated mineral resource estimate for the Gryphon deposit in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources and Mineral Reserves (“CIM Definitions (2014)”) incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The mineral resources for the Phoenix deposit were updated in a NI 43-101 technical report dated June 17, 2014 (the “2014 Phoenix Report”) and authored by William E. Roscoe, Ph.D., P.Eng., of RPA. The Phoenix mineral resources have not changed since the 2014 Phoenix Report and are included in this report. The purpose of this technical report is to support the disclosure of the updated mineral resource estimate for the Gryphon deposit and update the total mineral resource estimate for the property. This technical report conforms to NI 43-101.

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