Denison Reports 25.8% Uranium at Wheeler River

Denison Mines Corp. (TSX:DML,NYSE:DNN) announced results from 11 drill holes of the 2012 winter drill program on its Wheeler River property in Canada.

As quoted in the press release:

Significant results included drill hole WR-435 which returned 25.8% eU3O8 over 4.9 metres and WR-437 which intersected 3.7 metres grading 27.0% eU3O8, both of which were in Zone A of the Phoenix Deposits.

The Phoenix deposits are located on the Wheeler River property which lies between the McArthur River Mine and Key Lake mill complex in the Athabasca Basin in Saskatchewan. Denison is the operator and holds a 60% interest in the Wheeler River property. Cameco Corporation holds a 30% interest and JCU (Canada) Exploration Company, Limited holds the remaining 10% interest.

Click here to read the Denison Mines Corp. (TSX:DML) press release.