Denison Mines Increased Grades With Receipt of Wheeler Assay Results

Denison Mines (TSX:DML) has reported receipt of uranium assay results from the winter 2016 exploration drilling program on its 60 percent owned Wheeler River property located in the infrastructure rich eastern portion of the Athabasca Basin region.
As quoted in the press release:

The winter drilling program included 32 drill holes totalling 21,761 metres, and was primarily designed to test targets in the vicinity of the Gryphon deposit. The assay results, received from multiple high grade intercepts, confirm the expansion of the recently discovered mineralized zone located within 200 metres north and northwest of the Gryphon deposit. Similar to the Gryphon deposit, the new zone of mineralization is interpreted to occur as a series of stacked lenses. The assay results further confirm the interpretation of multiple new lenses of mineralization, which have been added to the Company’s geological model for the Gryphon deposit. The lenses, designated the D-series lenses, are open along strike to the southwest and northeast and occur roughly parallel to the known strike of the adjacent Gryphon deposit.
Assay highlights from D-series lenses located immediately north of the Gryphon deposit include:

• 5.3% U₃O₈ over 11.0 metres (from 718.5 to 729.5 metres; drill hole WR-641), including
  12.6% U₃O₈ over 4.5 metres (from 725.0 to 729.5 metres)
• 11.9% U₃O₈ over 1.5 metres (from 670.5 to 672.0 metres; drill hole WR-651)
• 2.9% U₃O₈ over 6.0 metres (from 759.0 to 765.0 metres; drill hole WR-633D1)
• 2.3% U₃O₈ over 4.0 metres (from 750.5 to 754.5 metres; drill hole WR-633D1)
• 6.2% U₃O₈ over 2.5 metres (from 584.5 to 587.0 metres; drill hole WR-646)

Click here to read the full press release.