Denison Announces Discovery of Two New Mineralized Zones at the Phoenix Trend at Wheeler River

- July 21st, 2010

Denison Mines Corp. (TSE:DML)(NYSE Amex:DNN) reported that the summer drill program has discovered two new mineralized zones at the extreme northeast and southwest edges of the presently defined Phoenix trend.

Denison Mines Corp. (TSX:DML)(NYSE Amex:DNN) reported that the summer drill program has discovered two new mineralized zones at the extreme northeast and southwest edges of the presently defined Phoenix trend.

The press release is quoted as saying:

At the northeast edge of the Phoenix trend (Zone D in the attached map) basement-hosted mineralization was discovered in the WR-309A area. WR-325 located a deep zone of strongly altered graphitic pelite, with three low-grade intersections within a 66 metre continuous core length at a depth of 100 metres beneath the much larger silicified cap. The graphitic zone contained elevated equivalent uranium values over the full 66 metres, but less than the cut-off of 0.05% eU3O8. To date this is the only hole to have tested this graphitic stratigraphy, and it is now an important high priority target exhibiting potential for both unconformity and basement-hosted mineralization.

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