TORONTO, Dec. 21, 2018 /PRNewswire/ - Denison Mines
Corp. ("Denison" or the "Company") (DML: TSX, DNN: NYSE MKT) today
announces that it filed a technical report under Canadian
Securities Administrators' National Instrument 43-101 Standard
of Disclosure for Mineral Projects for the Waterbury Lake
property in the eastern portion of the Athabasca Basin of Northern Saskatchewan, Canada (the "Technical
Report"). The Technical Report is titled "Technical Report
with an Updated Mineral Resource Estimate for the Waterbury Lake
Property, Northern Saskatchewan,
Canada" with an effective date of December 21, 2018. View PDF version.
The Waterbury Lake property is owned by Denison (65.92%) and
Korea Waterbury Uranium Limited Partnership ("KWULP") (34.06%), as
limited partners, and Waterbury Lake Uranium Corporation ("WLUC")
(0.02%), as general partner, in the Waterbury Lake Uranium Limited
Partnership ("WLULP"). Denison is the operator of the project
and holds a 60% interest in WLUC.
The Waterbury Lake property is host to the J Zone deposit,
discovered in 2010, and the Huskie deposit, discovered by Denison
in 2017. The Technical Report supports the disclosure of the
maiden mineral resource estimate for the Huskie deposit, and
incorporates disclosure from a prior technical report dated
September 6, 2013 with the mineral
resource estimate for the J Zone deposit.
The technical report is posted on the Company's website at
www.denisonmines.com and is or will be available under its profile
on SEDAR at www.sedar.com and on EDGAR at
www.sec.gov/edgar.shtml. This report supports the disclosure
made by the Company in the management's discussion and analysis for
the three and nine months ended September
30, 2018 dated November 9,
2018 (the "MDA") and in the related press release of Denison
dated November 12, 2018 (the "Press
Release" and with the MDA, the "Disclosure"). There are no
material differences contained in the technical report from the
information previously disclosed in the Disclosure.
Qualified Persons
The disclosure of a scientific or technical nature regarding
the Waterbury Lake property contained in this news release was
reviewed and approved by Dale
Verran, MSc, P.Geo., Pr.Sci.Nat., Denison's Vice President,
Exploration, who is a Qualified Person in accordance with the
requirements of NI 43-101.
For a description of the data verification, assay procedures
and the quality assurance program and quality control measures
applied by Denison, please see Denison's Annual Information Form
dated March 27, 2018 filed under the
Company's profile on SEDAR at www.sedar.com.
About Denison
Denison is a uranium exploration and development company with
interests focused in the Athabasca
Basin region of northern Saskatchewan,
Canada. In addition to its 90.0% owned Wheeler River
project, which ranks as the largest undeveloped high-grade uranium
project in the infrastructure rich eastern portion of the
Athabasca Basin region, Denison's
Athabasca Basin exploration
portfolio consists of numerous projects covering approximately
320,000 hectares. Denison's interests in the Athabasca Basin also include a 22.5% ownership
interest in the McClean Lake joint venture ("MLJV"), which includes
several uranium deposits and the McClean Lake uranium mill, which
is currently processing ore from the Cigar Lake mine under a toll
milling agreement, plus a 25.17% interest in the Midwest and
Midwest A deposits, and a 65.92% interest in the J Zone and Huskie
deposits on the Waterbury Lake property. Each of Midwest, Midwest
A, J Zone and Huskie are located within 20 kilometres of the
McClean Lake mill.
Denison is also engaged in mine decommissioning and
environmental services through its Denison Environmental Services
division and is the manager of Uranium Participation Corp., a
publicly traded company which invests in uranium oxide and uranium
hexafluoride.
Cautionary Statement Regarding Forward-Looking
Statements
Certain information contained in this press release
constitutes "forward-looking information", within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and similar Canadian legislation concerning the business,
operations and financial performance and condition of
Denison.
Generally, these forward-looking statements can be identified
by the use of forward-looking terminology such as "plans",
"expects", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes", or the negatives and / or
variations of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur", "be achieved" or "has the potential to".
In particular, this press release contains forward-looking
information pertaining to the results of, and estimates,
assumptions and projections provided in, the Technical Report; and
Denison's percentage interest in its projects and its agreements
with its joint venture partners. Statements relating to "mineral
resources" are deemed to be forward-looking information, as they
involve the implied assessment, based on certain estimates and
assumptions that the mineral resources described can be profitably
produced in the future.
Forward looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and they are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Denison to be materially different
from those expressed or implied by such forward-looking statements.
Denison believes that the expectations reflected in this
forward-looking information are reasonable but there can be no
assurance that such statements will prove to be accurate and may
differ materially from those anticipated in this forward looking
information. For a discussion in respect of risks and other factors
that could influence forward-looking events, please refer to the
"Risk Factors" in Denison's Annual Information Form dated
March 27, 2018 available under its
profile at www.sedar.com and its Form 40-F available at
www.sec.gov/edgar.shtml. These factors are not, and should not be
construed as being exhaustive.
Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking information
contained in this press release is expressly qualified by this
cautionary statement. Any forward-looking information and the
assumptions made with respect thereto speaks only as of the date of
this press release. Denison does not undertake any obligation to
publicly update or revise any forward-looking information after the
date of this press release to conform such information to actual
results or to changes in its expectations except as otherwise
required by applicable legislation.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/denison-announces-filing-of-technical-report-for-waterbury-lake-property-300770252.html
SOURCE Denison Mines Corp.