Canadian Mining Journal

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URANIUM: Phoenix deposit yields high grades for Denison

SASKATCHEWAN – Toronto-based Denison Mines Corp. continues to explore for uranium in the Athabasca Basin. Of particular interest are the high grades intersected at Zone A of the Phoenix deposit on the Wheeler River property (between Key...



SASKATCHEWAN – Toronto-based Denison Mines Corp. continues to explore for uranium in the Athabasca Basin. Of particular interest are the high grades intersected at Zone A of the Phoenix deposit on the Wheeler River property (between Key Lake and McArthur River). Drilling returned 29.6% eU3O8 over 6.5 metres from hole WR-548.

The company said targets at Zone A are extensions of higher grade portions  previous modelled as lower grade. Four of the eight holes in the zone intersected high grades: 29.61% over 6.5 metres, 18.37% over 4.7 metres, 16.98% over 3.10 metres and 11.63% eU3O8 over 3.5 metres (all true widths).

Denison has also drilled the south and central portions of the K zone with encouraging results but no significant mineralization. Other targets remaining in the winter drill program at the 489 zone, Phoenix North, K North and two DC resistivity low anomalies.

The Wheeler River project is a joint venture of Denison (60%), Cameco Corp. (30%) and JCU (Canada) Exploration (10%) Visit Denison’s website at DenisonMines.com.