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Denison Mines Corp.
Summary
| Project: | Waterbury Lake | |
|---|---|---|
| Deposit: | J Zone | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-8-2017: Denison Mines Corp. announces an Exploration/Drilling Update report for its J Zone deposit at the Waterbury Lake project. JV with Korea Waterbury Uranium Ltd. - Drilling results incl. 3.9m @ 3.7% eU3O8 from 305.7m. Toronto, ON – August 22, 2017 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dale Verran (Internal) | |
| ABSTRACT: | Toronto, ON – August 22, 2017 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE MKT) is pleased to report that drill hole WAT17-446A returned a mineralized interval of 3.7% eU3O8 over 3.9 metres (from 305.7 to 309.6 metres), including 7.8% eU3O8 over 1.8 metres (from 307.0 to 308.8 metres). Drill hole WAT17-446A was the fourth hole completed as part of the summer 2017 drilling program at the Waterbury Lake property and was drilled approximately 50 metres along strike to the west of WAT17- 443, which intersected 1.1% eU3O8 over 0.8 metres (see Denison’s Press Release dated August 1st, 2017). Dale Verran, Denison’s Vice President of Exploration, commented, “The results from WAT17-446 represent a very promising intersection at quite an early stage of evaluating this exciting new discovery at Waterbury Lake. The high-grades, apparent continuity of mineralization, and the degree of structure and alteration over drill hole step-outs of 50 metres or more suggest we are dealing with a very worthwhile exploration target. With an expanded summer drill program, we are certainly looking forward to further results from our efforts to continue to explore this untested trend.” New high-grade basement hosted uranium discovery The summer 2017 drilling program at Waterbury Lake was designed to test an east-west geological trend, which shares interpreted similarities with the east-west trend that hosts the J Zone and Roughrider deposits, which are located approximately one kilometer to the south. Follow-up drilling to the high-grade mineralization discovered in WAT17-443, the first hole of the program, is ongoing and has been designed to test the basement-hosted mineralized zone on an approximate 50 x 50 m spacing. The priority of the follow up drilling is to commence an evaluation of the scale of, and controls on mineralization, which is currently open in all directions. | |
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