Phoenix High-Grade Uranium Deposit Continues to Encounter Significant Results

Denison Mines reports that the initial drill results of the winter drill 2010 program at Wheeler River have significantly expanded high-grade uranium mineralization at the Phoenix deposit.

Two holes (WR-299 and 300) returned intersections of 8.88% eU₃O₈ and 30.19% eU₃O₈ over 3.7 and 2.5 metres respectively, expanding the deposit to the northeast. A third hole (WR-302) returning 18.49% eU₃O₈ over 3.2 metres was drilled on section from previous hole WR-272 which intersected 4.13% U₃O₈ over 4.5 metres, thereby expanding the Phoenix Zone A to the southwest. A fourth hole, WR-301 extended the width of the deposit. Please see attached map and table below (all grades listed in table below are reported as equivalent probe grades).

For complete press release, click here.