Announcement Date: 2022-03-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Denison Mines Corp.
Project name: Waterfound
Location: Canada
Commodities: Uranium
Highlight: Drilling results incl. 3.9m @ 5.91% U3O8 from 473.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, ON – March 29, 2022. Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE American) is pleased to report the discovery of multiple new high-grade intercepts of unconformityhosted uranium mineralization in the final three drill holes completed during the winter 2022 exploration program on the Waterfound River property (“Waterfound”). The results were highlighted by drill hole WF-68, which returned a broad zone of uranium mineralization, including a peak interval of 5.91% eU3O8 over 3.9 metres (0.05% eU3O8 cut-off) with a sub-interval grading 25.30% eU3O8 over 0.7 m, located approximately 800 metres west, along the La Rocque Conductive Corridor, of the previously discovered high-grade mineralization (including 4.49% U3O8 over 10.53 metres) at the Alligator Zone. Denison has an effective 24.68% ownership interest in the Waterfound River Joint Venture (“Waterfound JV”) to which each of Orano Canada Inc. (“Orano Canada”), Denison, and JCU (Canada) Exploration Company, Limited (“JCU”) are participants. Orano Canada has a 62.42% interest in the Waterfound JV and is the project operator.
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