Denison Mines reports that a drill hole returned a high-grade uranium mineralized interval at its Waterbury property in in northern Saskatchewan, Canada.
Results from drill hole WAT17-446A represent a significant increase in the thickness and grades of the previous high-grade uranium intersections reported from drill hole WAT17-443, according to Denison Mines
High-grade uranium mineralization has now been intersected 50 metres along strike to the west of the result previously reported in drill hole WAT17-443.
In response to the results returned to date, the number of drill holes expected to be completed, as part of the summer 2017 drilling program, has been increased by 50% to 9 drill holes, from an original plan of 6 drill holes.
Dale Verran, Denison's Vice President of Exploration, commented, "The results from WAT17-446 represent a very promising intersection at quite an early stage of evaluating this exciting new discovery at Waterbury Lake. The high-grades, apparent continuity of mineralization, and the degree of structure and alteration over drill hole step-outs of 50 metres or more suggest we are dealing with a very worthwhile exploration target. With an expanded summer drill program, we are certainly looking forward to further results from our efforts to continue to explore this untested trend."
The Waterbury Lake property consists of multiple claims covering 40,256 hectares, and is located in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan.