Denison Starts on 2014 Exploration Program

Denison Mines Corp. (TSX:DML,NYSE MKT:DNN) has started on its 2014 exploration programs in the Athabasca Basin. For 2014, Denison plans to drill nearly 60,000 metres on 13 different properties.

Ron Hochstein, President and CEO of Denison stated:

The 2014 exploration plan for the Athabasca Basin is one of the largest programs undertaken by Denison in several years.

Exploration highlights for the year include:

In Canada, Denison will manage or participate in a total of 19 exploration programs, of which Wheeler River will continue to be the primary focus. The total budget for these programs is Cdn$21.2 million of which Denison’s share is Cdn$15.0 million. At Denison’s 60% owned Wheeler River project, a 27,600 metre winter and summer drill program is planned along with geophysical surveys at a total cost of Cdn$8.0 million (Denison’s share, Cdn$4.8 million). Drill targets at Wheeler River include extensions of high grade mineralization at the Phoenix deposit and follow up drilling on the 489 Zone, Phoenix North and on the K Zone. The K Zone is a 12 kilometre long corridor of faulted metasediments with highly elevated trace element geochemistry and substantial hydrothermal alteration along the western side of the property.

In addition to the Wheeler River project, other significant winter drill programs are also planned for Bell Lake (5,000 metres), Moore Lake (4,000 metres), Crawford Lake (3,550 metres), Bachman Lake (3,050 metres), Waterbury Lake (2,700 metres), Park Creek (2,400 metres), Hatchet Lake (2,100 metres), Wolly (4,000 metres) and McClean Lake (2,700 metres). Wolly and McClean Lake are operated by AREVA Resources Canada Inc. and Denison’s interest is 22.5% in each of those projects. Exploration work including drilling or geophysical programs will also be carried out on the, Johnston Lake, Candle, Murphy Lake, Packrat, Black Bear, Marten, Lynx Lake and Wolverine properties.

To view the company’s other plans, please read the full press release.