Posted in | News | Uranium

Denison Begins Drilling Program at Wheeler River

Denison Mines, an intermediate uranium producer, declared that it has commenced the 2012 winter drill program at its Wheeler River project, which is situated in the Northern Saskatchewan’s Athabasca Basin region. In addition to this Wheeler River project, the company has planned five more drilling programs in the Athabasca Basin.

For the year 2012, the Wheeler River Joint Venture has sanctioned a Cdn$6.8 million budget, which will comprise 28,000 m of drilling in about 60 holes. The project has begun with two drills, which are presently active on site. The project will focus on studying a number of local targets that were discovered based on geophysics and significant drilling. It will also target the definition drilling in Zone A, specifically the Zone A Extension and the definition drilling in Zone B.

The drilling program, which was started in summer 2011, focused mainly on Zone A and proved quite successful in extending the Phoenix deposit’s estimated resources with the identification of the Zone A Extension. This extension is actually a width increase of the mineralization found at the Zone A’s north end and is construed as a thickening of fault slices in an east-southeast route. The mineralization has shifted into the basement stratigraphy along these thickened thrusts.

Denison owns 60% of the Wheeler River project, and its partners include JCU (Canada) Exploration Company Limited which has 10% stake and Cameco Corporation with 30% stake.

The final assay results from the 2011 drilling program again confirm the previously reported probe results. The chemical analyses were a mix of assay and geochemical methods and were completed by SRC Geoanalytical Laboratories of Saskatoon, Saskatchewan.

Denison and its partners, apart from the Wheeler River drill project, have planned to finish the drill programs on the Ahenakew Lake project, McClean Lake project, Bell Lake project, Hatchet Lake project, and Moore Lake project.

The McClean Lake Joint Venture’s participants include AREVA Resources Canada and OURD (Canada); in the Bell Lake and Moore Lake Joint Ventures include JNR Resources and in the Hatchet Lake Joint Venture includes Virginia Energy Resources.

Source: http://www.denisonmines.com/

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Denison Mines Corporation. (2019, February 18). Denison Begins Drilling Program at Wheeler River. AZoMining. Retrieved on February 22, 2024 from https://www.azomining.com/News.aspx?newsID=5828.

  • MLA

    Denison Mines Corporation. "Denison Begins Drilling Program at Wheeler River". AZoMining. 22 February 2024. <https://www.azomining.com/News.aspx?newsID=5828>.

  • Chicago

    Denison Mines Corporation. "Denison Begins Drilling Program at Wheeler River". AZoMining. https://www.azomining.com/News.aspx?newsID=5828. (accessed February 22, 2024).

  • Harvard

    Denison Mines Corporation. 2019. Denison Begins Drilling Program at Wheeler River. AZoMining, viewed 22 February 2024, https://www.azomining.com/News.aspx?newsID=5828.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit