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Denison Mines Corp.(TSX:DML, NYSEMKT:DNN) announced the results for the three months and six months ended June 30, 2013.
Denison Mines Corp.(TSX:DML, NYSEMKT:DNN) announced the results for the three months and six months ended June 30, 2013.
Highlights from the second quarter of 2013 inlcuded:
- Commenced a summer exploration campaign involving diamond drilling, geophysical surveying and linecutting on eight properties in the Athabasca Basin. To date, the highlight of the program has been the intersection, at Phoenix A, of 43.2% eU3O8 over 10.3 metres for a grade x thickness product (“GT”) of 445.0 %m, the highest GT of any hole drilled to date on the Wheeler River property.
- Expanded mineralization at the recently discovered 489 Zone on the Wheeler River property. Mineralization of 0.32% eU3O8 over 3.2 metres was intersected along strike 300 metres to the northeast of the previously reported mineralization. Drilling at the 489 Zone continues to show positive indications for the potential discovery of higher grade mineralization, including the presence of strong graphitic fault zones in the basement and encouraging sandstone alteration and geochemistry.
- Closed a CAD$15.0 million ($14.4 million) flow-through share offering, which will fund the Company’s Canadian exploration programs through to the end of 2014.
- Completed the acquisition of a portfolio of assets (“Fission Arrangement”) from Fission Energy Corp. (“Fission”), which included its 60% interest in the Waterbury Lake uranium project, its interests in all other properties in the eastern part of the Athabasca Basin, Quebec and Nunavut, as well as its interests in two joint ventures in Namibia.
Click here to view the full results.
