SASKATCHEWAN – Wow! is the first word that comes to mind upon learning that drilling of the Mae zone at the Midwest joint venture has returned 14.6 m of core assaying 26.7% U3O8. The intersection was made at a depth of approximately 200 m.
The Midwest undertaking is a joint venture of AREVA RESOURCES (operator and 69.2% owner) of Saskatoon, DENISON MINES (25.2%) of Toronto and OURD CANADA (5.7%). The deposit lies 16 km west of the McClean Lake mine and mill on the eastern edge of the Athabasca Basin.
Other holes drilled in the Mae zone returned 15.3% U3O8 over 12.5 m, 12.7% over 10.8 m, 15.9% over 13.5 m and 12.4% U3O8 over 10.5 m. Additional results and a map of the Mae zone drill holes are available at www.DenisonMines.com in the press release dated April 11.
The Mae zone is composed of two individual, linear pods that are offset by 50 m, reports Denison. It is a unique mineralized zone that consists of structurally controlled mineralization in the basement, at the unconformity, and in the sandstone. The total strike length is 275 m. The higher grade east zone contains a core that has a 100-m strike. This high-grade zone occurs within a 150-m-long envelope. The shorter west zone is lower grade but remains open to the west, and further drilling is planned this summer.