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Denison Mines Announces Discovery of High-Grade Uranium Mineralization at Moon Lake South
TORONTO, April 19, 2023 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report that drill hole MS-23-10A
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, April 19, 2023 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to report that drill hole MS-23-10A intersected 1.38% eU3O8 over 8.7 metres (0.05% eU3O8 cut-off), including a sub-interval grading 2.88% eU3O8 over 3.1 m, intersected approximately 30 m above the unconformity in the Athabasca sandstone, as part of the recently completed winter exploration program at the Moon Lake South property (\"Moon South\"). Uranium mineralization was encountered in four of the six drill holes completed during the 2023 winter exploration program, which was designed to evaluate the strike length of low-grade mineralized occurrences identified in the 2021 and 2016 drill programs. Figure 1 and Figure 2 depict the location of the Moon Lake South project, and the significant drill results on the project to date, respectively. Andy Yackulic, P. Geo., Denison's Director, Exploration, commented, \"The discovery of high-grade uranium mineralization at Moon Lake South gives further proof that the CR-3 trend has the potential to host a large, high-grade unconformity-associated uranium deposit. The fact that this high-grade material lies approximately 30 metres above the unconformity contact is very encouraging – as perched mineralization like this is typically only found proximal to high-grade unconformity-hosted deposits.\" David Cates, Denison's President & CEO added, \"The discovery of high-grade sandstone-hosted uranium mineralization at Moon Lake South is a very exciting development for Denison, as our Company's recent field testing at the nearby 95%-owned Wheeler River project has illustrated the potential viability of mining high-grade Athabasca Basin sandstone-hosted uranium deposits via In-Situ Recovery (ISR) mining.\" 2023 Moon South Winter Exploration Program Highlights The 2023 winter exploration program consisted of six completed diamond drill holes totalling 3,301 metres, designed to evaluate the potential to expand the footprint of known mineralization discovered in 2016 and 2021 by testing conductivity anomalies identified from the 2022 stepwise moving loop electromagnetic (SWML EM) survey. Uranium mineralization was encountered in four of the six drill holes completed during the winter exploration program. The mineralized intersections are summariz...