Denison Mines (“Denison” or the “Company”) (TSX:DML)(NYSE AMERICAN:DNN)(NYSE MKT:DNN) is pleased to report a significant increase in uranium grades for the Huskie zone following receipt of assay results from the Company’s summer 2017 drilling program on the Waterbury Lake project.
On average, assay grades (“U3O8“) were 26% higher than the previously reported preliminary radiometric probe grades (“eU3O8“) and grade x thickness (GT) values were 12% higher. Of particular note are the assay results from drill hole WAT17-446A, which returned 9.1% U3O8 over 3.7 metres, including 16.8% U3O8 over 2.0 metres.
The assay results confirm high-grades of the basement-hosted Huskie zone which measures approximately 100 metres in strike length and remains open in all directions. The Huskie zone is located approximately 1.5 kilometres to the northeast of the property’s J Zone uranium deposit.
Dale Verran, Denison’s Vice President of Exploration, commented:
“We are not only impressed by the high-grades confirmed by the assay results, but also the substantial thicknesses of the mineralized lenses. This, together with the strong alteration halo surrounding mineralization and the favorable geological setting, suggests significant exploration potential.
The east-west corridor which hosts Huskie is wide-open to the west and land-based for over one kilometre. We are excited to get the drills turning again in 2018, in what is expected to be an aggressive follow-up drilling campaign.”