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Denison Announces Independent "Proof of Concept" Achieved for Application of ISR Mining Method at Phoenix and Details of 2020 ISR Field Program
Denison Announces Independent "Proof of Concept" Achieved for Application of ISR Mining Me...
About this update from Denison Mines Corp.
[{"type":"text","content":"\n\n\n\nDenison Announces Independent \"Proof of Concept\" Achieved for Application of ISR Mining Method at Phoenix and Details of 2020 ISR Field Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 4, 2020\n\n\n\n\n TORONTO, June 4, 2020 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to announce that the hydrogeologic model developed by Petrotek Corporation (\"Petrotek\"), for the high-grade Phoenix uranium deposit (\"Phoenix), produced demonstration of \"proof of concept\" for the application of the In-Situ Recovery (\"ISR\") mining method at Phoenix, with respect to potential operational extraction and injection rates. The hydrogeologic model was developed based on the data collected from the ISR field test completed in 2019 (\"2019 Field Test\") (see press release dated December 18, 2019).  Based on the positive results from the hydrogeologic model, Denison is also pleased to announce the details of its plans for the continuation of ISR field testing in 2020, within Phoenix, at the Company's 90% owned Wheeler River Uranium Project (\"Wheeler River\"), located in northern Saskatchewan, Canada. View PDF version.\nDavid Bronkhorst, Denison's Vice President Operations, commented, \"Petrotek applied a rigorous process of calibration to several numerical models developed based on hydrogeologic data collected from 19 test wells installed into the Phoenix deposit during the 2019 Field Test. Based on this site-specific data, the hydrogeologic model allowed for the simulation of an ISR wellfield including a total of 18 extraction wells and 33 injection wells across Test Area 1 and Test Area 2 of Phoenix.  Based on these simulations, Petrotek concluded that the results demonstrated 'proof of concept' for the use of ISR mining at Phoenix.  This result represents a significant milestone in the ongoing de-risking of the use of the ISR mining method at Phoenix.  Our plans for additional field testing in 2020 are expected to build on our success from 2019, furth...