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Denison Mines Announces Expansion of High-Grade Uranium Mineralization at McClean Lake South
TORONTO, Sept. 8, 2022 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report that assays recently receiv
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, Sept. 8, 2022 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to report that assays recently received from exploration drilling completed at the Company's 22.5% owned McClean Lake Joint Venture (\"McClean Lake\" or \"MLJV\"), during the winter of 2022, have resulted in a significant expansion of the \"new\" high-grade unconformity-hosted zone of uranium mineralization discovered in 2021 between the McClean South 8W and 8E pods (see Denison's news release dated April 14, 2021). Ten drill holes completed during 2022 by Orano Canada Inc. (\"Orano Canada\"), 77.5% owner and operator of the MLJV, returned notable uranium mineralization, including drill hole MCS-58, which returned 2.96% U3O8 over 15.5 metres, including 24.49% U3O8 over 1.5 metres, located approximately 54 metres to the southeast of drill hole MCS-34, which was completed in 2021 and returned a mineralized interval of 8.67% U3O8 over 13.5 metres. Overall, the results from 2022 have successfully expanded the footprint of the \"new\" mineralized zone to approximately 180 metres in strike length (see Figure 1 and Figure 2). Andy Yackulic, P.Geo., Denison's Director, Exploration, commented, \"We are pleased with the exploration success produced by Orano Canada as operator of the MLJV – including a significant expansion of the footprint of high-grade uranium mineralization discovered in 2021 between the McClean South 8W and 8E pods. Based on the results of the 14 mineralized holes drilled in this area during 2021 and 2022, a third mineralized pod with a strike length of roughly 180 metres has now been interpreted in the McClean South area. Given the complex structural framework controlling the mineralization of this \"new\" pod, and the fact that mineralization remains open across strike on several fences, additional exploration drilling is warranted.\" David Cates, Denison's President & CEO, added \"The emergence of a 'new' mineralized pod in the McClean Lake South area is quite encouraging for the MLJV. Taken together with the successful field test of the SABRE mining method completed in 2021, the excess licensed capacity at the McClean Lake mill, and the approval of the McClean tailings management facility ('TMF') expansion earlier in 2021, the delineation of meaningful new u...