Published: February 1, 2019 |

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Denison Mines Corp. has released the details of a CAD$6 million exploration program planned for 2019. Exploration activities will be focused on diamond drill testing of targets on the company’s Wheeler River, Waterbury Lake, and Hook-Carter properties – each of which are located in the Athabasca Basin in northern Saskatchewan and are considered to have high potential for a near-term discovery of uranium mineralization.

“With our focus turning to the advancement of our flagship Wheeler River project through the environmental assessment process, our strategy continues to involve exploration of our portfolio of high-priority properties – where we have the potential to deliver Denison’s next high-grade Athabasca uranium discovery,” said David Cates, president and CEO of Denison.

“Our Saskatoon-based exploration team has a track-record of discovery success and has developed a 2019 exploration program that is disciplined and includes a compelling set of drill targets – each with the potential to deliver exciting and meaningful exploration results throughout the year,” added Cates.

2019 EXPLORATION PROGRAM HIGHLIGHTS 2019

• Wheeler River:  As reported, exploration plans for Wheeler River in 2019 include a diamond drilling program of approximately 13,500 metres in 23 holes. The program is designed to evaluate high priority regional target areas by focusing on initial testing of targets at the sub-Athabasca unconformity – which could lead to the discovery of further uranium deposits that may be amenable to the use of the low-cost In-Situ Recovery (ISR) mining method. Denison recently selected the ISR mining method for application at Wheeler River’s high-grade Phoenix deposit, with an estimated operating cost of approximately US$3.33/lb U3O8.

• Waterbury Lake: The company’s geological interpretation indicates that the regional Midwest structure not only controls the location of the Midwest deposits on the Midwest property (25.17 percent Denison owned) but also the J Zone and Huskie deposits on the Waterbury Lake property. The program planned for 2019 includes approximately 7,300 metres of diamond drilling in 18 holes and will focus on testing additional high-priority target areas related to the interpreted Midwest structure – including the follow-up of basement-hosted mineralization, discovered during the summer of 2018, where the Midwest structure is interpreted to intersect the GB Trend.

• Hook-Carter: An initial group of reconnaissance drill holes, completed during 2018 along the Patterson Lake Corridor (PLC), at Hook-Carter encountered favorable lithologies, structures, and hydrothermal alteration analogous to the geological settings observed for the Arrow (Nexgen Energy Ltd.) and Triple R (Fission Uranium Corp.) deposits located 12 and 20 kilometres southwest along strike, respectively. A diamond drilling program, including approximately 3,900 metres in six holes, is planned for 2019 to continue to test high priority geophysical targets, particularly along the eastern edge of the PLC, where geochemical analysis of the 2018 drilling results has returned encouraging results.

To read more details in the company’s press release, CLICK HERE

About Denison Mines
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to its 90 percent owned Wheeler River project, which ranks as the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, Denison’s Athabasca Basin exploration portfolio consists of numerous projects covering approximately 320,000 hectares. Denison’s interests in the Athabasca Basin also include a 22.5 percent ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17 percent interest in the Midwest and Midwest A deposits, and a 65.92 percent interest in the J Zone and Huskie deposits on the Waterbury Lake property. Each of Midwest, Midwest A, J Zone and Huskie are located within 20 kilometres of the McClean Lake mill.

Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and is the manager of Uranium Participation Corp.

To stop by Denison Mines’ website, CLICK HERE

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