Denison Mines introduced the profitable completion of an inner conceptual mining examine analyzing the potential future growth of the J Zone uranium deposit utilizing the In-Situ Recovery (ISR) mining technique. Based on the outcomes from the Concept Study, the Company has determined to provoke the preparation of a Preliminary Economic Assessment, which is predicted to be accomplished throughout the second half of 2020.
The Concept Study was ready by Denison’s in-house venture growth workforce underneath the oversight of David Bronkhorst, P.Eng., the Company’s Vice President, Operations, and was reviewed and accredited by the Technical Committee of the Company’s Board of Directors.
The J Zone deposit is positioned on the Company’s Waterbury Lake property , which is owned by Denison (66.71%) and Korea Waterbury Lake Uranium Limited Partnership (33.29%), which is comprised of a consortium of traders, during which Korea Hydro & Nuclear Power (KHNP) holds a majority place. KHNP can also be a major shareholder in Denison.
David Cates, Denison’s President & CEO, commented, “We are inspired by the outcomes of the J Zone Concept Study, and we’re happy to advance to a PEA. The potential to finish the J Zone Concept Study with our inner venture growth workforce showcases the depth of expertise that Denison has recruited for the reason that completion of the Wheeler River Pre-Feasibility Study in 2018 – which examine was highlighted by the number of the ISR mining technique for the Phoenix deposit.”
Waterbury Lake is positioned inside the japanese portion of the Athabasca Basin in northern Saskatchewan. The property might be accessed year-round by provincial freeway or by air to Points North Landing, a privately owned service centre with lodging and airfield, which is positioned close to the japanese fringe of the property. The J Zone deposit is positioned on the japanese portion of the property roughly 15 km from Denison’s 22.5% owned McClean Lake uranium mill (See Figure 1).
J Zone is estimated to comprise Indicated mineral sources totaling 12,810,000 lbs U3O8, based mostly on 291,000 tonnes at a mean grade of two.00% U3O8. The deposit is outlined by 268 drill holes intersecting uranium mineralization over a mixed east-west strike size of as much as 700 metres and a most north-south lateral width of 70 metres. Uranium mineralization is mostly discovered inside a number of metres of the unconformity at depth ranges of 195 to 230 metres under floor, with vertical thicknesses starting from tens of centimeters to over 19.5 metres.
Denison Mines based mostly in Toronto, Canada, is a uranium exploration and growth firm with pursuits targeted within the Athabasca Basin area of northern Saskatchewan, Canada. The Company’s flagship venture is the 90% owned Wheeler River Uranium Project, which is the biggest undeveloped uranium venture within the infrastructure wealthy japanese portion of the Athabasca Basin area of northern Saskatchewan.
(Source and picture: Denison Mines – Waterbury lake mining website)
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