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Denison Mines Announces Discovery of High-Grade Uranium Mineralization At 24.68% Owned Waterfound JV
TORONTO, March 29, 2022 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE: DNN) is pleased to report the discovery of multiple new high-
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, March 29, 2022 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE: DNN) is pleased to report the discovery of multiple new high-grade intercepts of unconformity-hosted uranium mineralization in the final three drill holes completed during the winter 2022 exploration program on the Waterfound River property (\"Waterfound\"). The results were highlighted by drill hole WF-68, which returned a broad zone of uranium mineralization, including a peak interval of 5.91% eU3O8 over 3.9 metres (0.05% eU3O8 cut-off) with a sub-interval grading 25.30% eU3O8 over 0.7 m, located approximately 800 metres west, along the La Rocque Conductive Corridor, of the previously discovered high-grade mineralization (including 4.49% U3O8 over 10.53 metres) at the Alligator Zone. Denison has an effective 24.68% ownership interest in the Waterfound River Joint Venture (\"Waterfound JV\") to which each of Orano Canada Inc. (\"Orano Canada\"), Denison, and JCU (Canada) Exploration Company, Limited (\"JCU\") are participants. Orano Canada has a 62.42% interest in the Waterfound JV and is the project operator. Andy Yackulic, P. Geo., Denison's Director, Exploration, commented, \"We are excited to see additional high-grade mineralization discovered within the La Rocque corridor, which also hosts Cameco's La Rocque Lake Zone and IsoEnergy's Hurricane Zone. Not only has the drilling at Waterfound intersected high-grade uranium, but the mineralization remains open along strike in both directions.\" David Cates, Denison's President & CEO, added, \"Denison is appreciative of the efforts of Orano Canada to breathe new life into Waterfound. Denison has a unique partnership with Orano – as joint owners of the McClean Lake mill and the nearby Midwest project. This discovery at Waterfound is well situated relative to the McClean Lake mill and has the potential to translate into a further important source of future mill feed for the McClean Lake joint venture. Waterfound is also a good example of the significant, but often underappreciated, discovery potential associated with Denison's well situated and prospective exploration property portfolio.\" 2022 Waterfound River Winter Exploration Program Highlights Drill holes WF-67, WF-68, and WF-68-1 were all drilled on line 4000E, approx...