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Denison Mines Corp.
Summary
| Project: | Waterbury Lake | |
|---|---|---|
| Deposit: | Hamilton Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2017: Denison Mines Corp. announces an Exploration/Drilling Update report for its Hamilton Lake deposit at the Waterbury Lake project. JV with Korea Waterbury Uranium Ltd. - drilling results incl. 0.6m @ 0.09% eU3O8. During the 2017 winter season, eig | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | During the 2017 winter season, eight other exploration programs on Denison properties (outside of Wheeler River) were carried out, with seven operated by Denison. These included four drilling programs (three operated by Denison) as well as geophysical surveying. While spending on these exploration pipeline projects has generally been reduced, exploration activities continue to deliver encouraging results – in many cases, warranting follow-up. Highlights include the following: At Waterbury Lake (Denison 63.01% interest and operator), nine drill holes totaling 4,803 metres were completed in Q1 2017 to test targets at the unconformity along the Hamilton Lake trend. The results confirmed strike continuity of a significant graphitic fault zone in the basement rocks, with associated structured and altered overlying sandstone. Drill hole WAT17-438, which optimally intersected the basement graphitic fault zone at the unconformity, intersected 0.09% eU3O8 over 0.6 metres at the unconformity, with an associated alteration plume. The Hamilton Lake trend is interpreted to extend over 13 kilometres in strike, and remains a high priority for exploration in the future. | |
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