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Denison Mines Corp.
Summary
| Project: | Waterbury Lake | |
|---|---|---|
| Deposit: | Huskie | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 9/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2017: Denison Mines Corp. announces an Exploration/Drilling Update report for its Huskie deposit at the Waterbury Lake project. JV with Korea Waterbury Uranium Ltd. - Drilling results incl. 7.6m @ 1.0% eU3O8 from 369.2m. Toronto, ON – September 19, 2 | |
| Resources: | (Resources, Ind.): 0.291Mt @ 2.0% U3O8 for 12.8Mlbs U3O8 contained at project | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – September 19, 2017 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE MKT) is pleased to report the completion of the summer exploration drilling program at Waterbury Lake, with the final five drill holes returning multiple additional high-grade intersections. The high-grade and basement-hosted uranium mineralized zone has now been expanded to the extent of the current drilling – measuring approximately 100 metres in strike length. The results from the final drill holes of the summer program were highlighted by 1.0% eU3O8 over 7.6 metres (including 4.6% eU3O8 over 1.4 metres) in drill hole WAT17-449, and 0.8% eU3O8 over 7.9 metres (including 3.3% eU3O8 over 1.0 metre and 1.3% eU3O8 over 1.0 metre) in drill hole WAT17-450A. The summer 2017 drill program at Waterbury Lake commenced in late July and has been highly successful returning several high-grade uranium intersections from a target area located approximately 1.5 kilometres to the northeast of the property’s J Zone uranium deposit. Following the discovery of uranium mineralization in the first four drill holes of the program, the scope of the program was increased in late August to allow for a total of 9 drill holes, all of which have now been completed. Taken together, the summer program included a total of 3,722 metres drilled and resulted in the wide-spaced definition (approximately 50 x 50 metre drill hole spacing) of a significant zone of entirely basement-hosted mineralization with geological features consistent with basement-hosted deposits in the Athabasca Basin. The new zone of mineralization has been named the “Huskie” zone. | |
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