URANIUM: Denison outlines summer drilling for Wheeler River

Wheeler River basement geology and summer 2018 regional uranium targets. (Image: Denison Mines)

SASKATCHEWAN - Toronto-based Denison Mines Corp. has outlined its 20,500-metre summer 2018 drilling program for the Wheeler River uranium property in the Athabasca Basin. The project is owned 63.3% by Denison, 26.7% by Cameco Corp. and 10% by JCU (Canada) Exploration Co.

The first target is K-North to follow up on high grade mineralization discovered during the winter 2018 drilling program. The area is 600 to 1,000 metres northeast of the Gryphon deposit. Winter drilling there returned 1.4% uranium oxide over 5.5 metres, including 7.2% over 1.0 metre, as well as 1.1% uranium oxide over 3.0 metres, including 2.8% over 1.0 metre.

The Gryphon unconformity will be drilled to test basement uranium intercepts cored during step out drilling on 50 to 100 metre centres along strike to the northeast of the Gryphon deposit. Assays from the winter drilling program included 2.9% uranium oxide over 1.5 metres and 0.85% over 5.0 metres, including 2.6% over 1.0 metre.

More targets will be drilled in other high priority regional targets, including Q Central, K-South and Q South.

Detailed tables of the winter drill assays are posted at www.DenisonMines.com in the news release dated June 6, 2016.