Denison Files Technical Report for Wheeler River

Energy Investing

Denison Mines Corp. announced that it filed a technical report under Canadian Securities Administrators’ National Instrument 43-101 for its Wheeler River project.

Denison Mines Corp. (TSX:DML) announced that it filed a technical report under Canadian Securities Administrators’ National Instrument 43-101 for its Wheeler River project in Saskatchewan.

As quoted in the press release:

The technical report is posted on the Company’s website at www.denisonmines.com and is available under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.
This report supports the disclosure made by the Company in its news release dated January 31, 2018, “Denison announces 88% increase in indicated resources at Wheeler River with updated mineral resource estimate for the Gryphon deposit” (the “News Release”) and there are no material differences in the technical report from the information disclosed in the News Release.
As outlined in the News Release, the updated mineral resource estimate for Wheeler River is highlighted by a significant increase in the estimated mineral resources for the property’s basement-hosted Gryphon uranium deposit and an overall 88% increase in the Indicated Mineral Resources estimated for the Wheeler River project.

Highlights are as follows:

The Gryphon deposit is estimated to contain, above a cut-off grade of 0.2% U₃O₈, 61.9 million pounds of U₃O₈(1,643,000 tonnes at 1.71% U₃O₈) in Indicated Mineral Resources, plus 1.9 million pounds of U₃O₈ (73,000 tonnes at 1.18% U₃O₈) in Inferred Mineral Resources.
Wheeler River is also host to the Phoenix deposit, which is estimated to include Indicated Mineral Resources of 70.2 million pounds of U₃O₈ above a cut-off grade of 0.8% U₃O₈ (166,000 tonnes at 19.1% U₃O₈).
With this update to the resources estimated for the Gryphon deposit, the combined Indicated Mineral Resources estimated for Wheeler River have increased by 88% to 132.1 million pounds of U₃O₈ (1,809,000 tonnes at 3.3% U₃O₈), which will be used to support the Pre-Feasibility Study (“PFS”) initiated for the project in July 2016 and expected to be completed during 2018.