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Denison Mines Announces Intersection of Additional High-Grade Uranium Mineralization at Waterfound
TORONTO, Sept. 14, 2022 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to report that drill hole WF-74A int
About this update from Denison Mines Corp.
[{"type":"text","content":" TORONTO, Sept. 14, 2022 /CNW/ - Denison Mines Corp. (\"Denison\" or the \"Company\") (TSX: DML) (NYSE American: DNN) is pleased to report that drill hole WF-74A intersected 4.75% eU3O8 over 13.3 metres (0.05% eU3O8 cut-off), including a sub-interval grading 25.23% eU3O8 over 0.5 m, as part of the recently completed summer exploration program at the Waterfound River property (\"Waterfound\"). Uranium mineralization was encountered in three of the seven drill holes completed during the summer exploration program, following up on the winter 2022 discovery of high-grade mineralization approximately 800 metres to the west of the Alligator Zone. The discovery from the winter 2022 program was highlighted by drill hole WF-68, which returned a mineralized interval of 5.91% eU3O8 over 3.9 metres (see press release dated March 29, 2022). Figure 1 and Figure 2 depict the location of the Alligator Zone and the 2022 summer drilling, respectively. Andy Yackulic, P. Geo., Denison's Director, Exploration, commented, \"The mineralized intersection from WF-74A represents the best mineralized hole drilled on the Waterfound property to date, and highlights the potential for the discovery of additional high-grade uranium mineralization further along strike to the west of the Alligator Zone. The mineralization in WF-74A appears to be offset to the north when compared to the interpreted location of mineralization previously discovered in WF-68. This offset is notable, as it potentially indicates that a later, cross-cutting fault may be present between WF-74A and WF-68. The area to the west of WF-74A is sparsely drilled, thus leaving several kilometres of the fertile La Rocque conductive corridor open for follow up.\" 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. 2022 Waterfound River Summer Exploration Program Highlights Drill hole WF-74A was completed approximately 40 metres west of WF-68 and intersected a broad zone of uranium mineralization grading 4.75% eU3O8 over 13.3 metres (0.05% eU3O8 cut-off), hosted within faulted Athabasca sandstone. The miner...