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Denison Mines Corp.
Summary
| Project: | Waterbury Lake | |
|---|---|---|
| Deposit: | Huskie | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-4-2018: 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. 6.0m @ 4.5% U3O8 from 306.5m. Toronto, ON – April 25, 2018 D | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – April 25, 2018 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE American) is pleased to report the expansion of the Huskie zone with the receipt of chemical assay (“U3O8 ” ) results from the Company’s winter 2018 diamond drilling program on the 64.22% owned Waterbury Lake project. The winter drilling program involved 9,794 metres of diamond drilling in 19 drill holes, and was focused on 50 metre step-out drilling along strike and down-dip of the Huskie zone, as well as wider-spaced reconnaissance drilling to the west along the geological trend. The winter drilling program is part of a larger 14,400 metre drill program planned for Waterbury Lake in 2018, with the remainder to be completed during the summer months. Dale Verran, Denison’s Vice President of Exploration, commented, “Drill hole WAT18-452 represents the second-best hole to date at Huskie in terms of combined grade and thickness and a meaningful expansion in the down-dip direction. The high-grade mineralization at Huskie appears to be controlled by the intersection of east-west striking faults, associated with the graphitic gneiss unit, and cross-cutting northeast striking faults, possibly related to the regional Midwest structure. This has led to high-grade ‘lens stacking’ in a northeast direction as opposed to the lenses being laterally extensive along strike to the east and west. Our team will utilize this improved understanding to target additional high-grade mineralization proximal to Huskie and along this northeast structural trend.” | |
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