Canadian Mining Journal

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URANIUM: Denison cuts more high grade at Phoenix A

SASKATCHEWAN – Denison Mines Corp. of Toronto continues to drill high grade uranium mineralization in the Phoenix A deposit at the Wheeler River project where it is operator and 60% owner. The Wheeler River project is located between the...



SASKATCHEWAN – Denison Mines Corp. of Toronto continues to drill high grade uranium mineralization in the Phoenix A deposit at the Wheeler River project where it is operator and 60% owner. The Wheeler River project is located between the Key Lake and McArthur River properties in the Athabasca Basin. Cameco Corp. (30%) of Saskatoon and JCU (Canada) Exploration (10%) are the other partners.

The summer drill program at Wheeler River included a total of 11,074 metres in 23 holes. The best result came from hole WR-525 that returned 10.3 metres grading 43.2% eU3O8 (radiometric equivalent calculated from a total gamma down hole probe). Chemical assays of the core indicated a grade of 43.8% U3O8 over 12.0 metres.

Denison is also completing exploration programs at seven other Athabasca Basin properties this summer – Waterbury Lake (60% Denison, 40% Kepco), Packrat (100% Denison), South Dufferin (100% Denison), Johnston Lake (100% Denison) and Moon Lake (55% Denison, 45% Uranium One).

Details are available at DenisonMines.com.