Denison announces discovery of high-grade uranium mineralization
Yesterday Denison reported that it discovered a new high-grade unconformity-hosted uranium mineralization from the winter 2021 exploration program completed at the Company's 22.5% owned McClean Lake Joint Venture.
The company highlighted drill hole MCS-34, which returned 5.04% eU3O8 over 14.0 metres.
Andy Yackulic, P. Geo., Denison's Director, Exploration, commented, "The latest results from McClean South are quite exciting. Not only has drilling intersected very high-grade uranium, but the mineralization is open along strike to the west for at least 250 metres and approximately 70 metres to the east towards the McClean South 8E pod. The mineralized intersection in MCS-34 represents one of the better mineralized intersections reported on the McClean Lake property to date – which is impressive, as the property has been explored since the mid-1970s and has previously produced over 50 million pounds U3O8."