Denison Sees Significant Increase in Mineral Resource Estimate at Wheeler River

Denison Mines (TSX:DML,NYSEMKT:DNN) announced a significant increase in the estimated mineral resources at the Wheeler River property.
As quoted in the press release:

The initial resource estimate for the Gryphon Deposit adds inferred mineral resources of 43.0 million pounds U₃O₈ to a property that is already host to 70.2 million pounds U₃O₈ of indicated mineral resources at the Phoenix deposit. Together, Gryphon and Phoenix create a desirable combination of large resource size and high grades with the potential for co-development.

David Cates, president and CEO of Denison commented:

We’re very pleased with the results at Wheeler River. With this initial mineral resource estimate for the Gryphon deposit and the expansion of the high-grade Phoenix deposit in 2014, the project has grown significantly in size and now represents one of the largest and highest grade undeveloped projects in the Athabasca Basin region. Our Saskatoon based exploration team deserves considerable recognition. Their innovative approach to exploration has led to the recent discovery of the Gryphon deposit and has created an entirely new area of highly prospective targets surrounding Gryphon along the K-North trend, which remains largely untested and will continue to be the focus of future exploration.

Click here to read the full Denison Mines (TSX:DML,NYSEMKT:DNN) press release.