Denison reports high-grade uranium discovery near Phoenix
Canadian firm Denison Mines has announced the discovery of high-grade uranium mineralisation, which could be a satellite deposit for its Phoenix in-situ recovery operation that is currently advancing through the environmental assessment process.
The second last drill hole of the 2020 regional exploration programme at Wheeler River delivered the new high-grade uranium mineralisation of up to 7.66% U3O8.
Drill hole WR-741AD2 intersected the mineralisation about 4 km from the Phoenix deposit.
In addition to high-grade uranium, the assay results from WR-741AD2 are highlighted by the presence of high-grade nickel: 2.14% U3O8 over 4 m, including 7.66% U3O8 over 1 m, from 640.3 m to 644.3 m; and 4.29% nickel over 6.5 m, including grades of up to 19.1% nickel, from 637.8 m to 644.3 m.
"The new high-grade mineralisation at K West was discovered with our second last drill hole of the season. As a result, there remains potential for us to delineate a broader mineralised zone, as the new mineralised intersection is open on section to the footwall side of WR-741AD2 and for several hundred metres along strike in both directions,” said Denison exploration director Andy Yackulic.
“The exploration team is also very interested in the presence of high-grade nickel mineralisation along the margins of the uranium mineralisation – as this type of zonation presents very similarly to other well-known and sizeable high-grade unconformity uranium deposits in the Athabasca basin, including Cigar Lake, Fox Lake, Tamarack, and Key Lake."
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation