Denison Announces High-priority Summer Pipeline Project

- May 25th, 2018

The highlights include summer drilling at Waterbury Lake, Hook-Carter and South Dufferin. 

Denison Mines (TSX:DML,NYSE:DNN)  has announced the company’s summer 2018 exploration plans for its high-priority Athabasca Basin exploration pipeline projects located in northern Saskatchewan. The highlights include summer drilling at Waterbury Lake, Hook-Carter and South Dufferin.

As quoted in the press release:

Summer 2018 Drilling Program Highlights:

Waterbury Lake Project – Summer drilling is expected to focus on additional step-out drilling at the Huskie zone of high-grade basement-hosted uranium mineralization, and testing of high-priority targets approximately 2.5 kilometres to the northeast, where the regionally interpreted Midwest structure is projected to intersect the geologically favourable Oban trend.

Hook-Carter Project – The summer drilling program is designed as a continuation of the Company’s winter 2018 drilling program, which encountered hydrothermal alteration in both the sandstone and the basement lithologies associated with graphitic basement structures.  The summer program commenced recently and is expected to include 3,500 metres of diamond drilling in five to six drill holes designed to test high-priority geophysical targets on a regional scale.

South Dufferin – High-priority drill targets have been identified through geochemical and geophysical surveying along the Virgin River Shear zone, approximately 25 kilometres south of Cameco Corp’s (TSX:CCO) Centennial deposit. The summer diamond drilling program is expected to be of a reconnaissance nature and is planned to commence in June, with approximately 2,500 metres of diamond drilling in 16 to 20 holes.

David Cates, Denison’s president & CEO, commented, “In addition to Denison’s flagship Wheeler River project, the company has one of the largest land positions in the prolific Athabasca Basin region. This extensive portfolio of projects provides a pipeline of high-potential exploration opportunities to generate new discoveries and build on the Company’s significant high-grade uranium resource base. With over $35 million in cash and equivalents on the balance sheet at the end of the first quarter of 2018, the summer program is fully funded and provides investors with exposure to Company specific uranium exploration catalysts as our team continues with our disciplined-approach of testing high-priority targets, at Waterbury Lake, Hook-Carter and South Dufferin.”

Click here to read the full press release

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