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Denison Mines Corp.
Summary
| Project: | Midwest | |
|---|---|---|
| Deposit: | Midwest | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 3/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-3-2018: Denison Mines Corp. announces a Resource Estimation report for its Midwest deposit at the Midwest project. Updated mineral resource estimate at Midwest project. The Midwest Project is an advanced uranium exploration stage joint venture owned 25 | |
| Resources: | (Resource): 1019Kt @ 2.26% U3O8 (Ind.) and 845Kt @ 0.98% U3O8 (Inf.) at project | |
| CP/QP: | [Resources]: David Keller (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | The Midwest Project is an advanced uranium exploration stage joint venture owned 25.17% by Denison Mines Inc. (DMI) a wholly owned subsidiary of Denison Mines Corp. (collectively, with its subsidiaries, “Denison”); 69.16% by Orano Canada Inc., formerly AREVA Resources Canada Inc. (“Orano”) and; 5.67% by OURD (Canada) Ltd. (“OURD”). Orano is the active project operator. The Midwest Project is located within the eastern part of the Athabasca Basin in Northern Saskatchewan, Canada. The Midwest Project consists of three (3) contiguous mineral leases, containing the Midwest Main uranium deposit (formerly called the Midwest deposit) and Midwest A uranium deposit. The deposits are classified as ‘unconformity-type’ uranium deposits, and occur approximately 200 metres below surface and straddle the contact between overlying Athabasca Group sandstones and the underlying Paleo-Proterozoic and Archean basement rocks. The Midwest Main and Midwest A deposits have seen several mineral resource estimates since their discoveries in 1977 and 2005 respectively. In 2005, Denison retained Scott Wilson RPA to provide an independent mineral resource estimate review for the Midwest Main deposit, the results of which are contained within the NI 43-101 report entitled "Technical Report on the Midwest Uranium Deposit Mineral Resource and Mineral Reserve Estimates, Saskatchewan, Canada" dated June 1, 2005 and revised on February 14, 2006 (Hendry, Routledge, & Evans, 2006). In 2007, Geostat was retained by Denison to complete an independent mineral resource estimate review of the Midwest A uranium deposit, the results of which are contained in the NI 43-101 report entitled “Technical Report on the Midwest A Uranium Deposit of Saskatchewan, Canada”, dated January 31, 2008 (Dagbert, 2008). Copies of these reports are available on Denison’s profile on the SEDAR website at www.sedar.com. | |
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