Denison Mines Corp. (TSX:DML,NYSE:DNN) announced it has identified mineralization at its Mutanga uranium project in Zambia.
As quoted in the press release:
Of the 91 holes drilled to date, a total of 31 have been completed along the Dibwe-Mutanga corridor. These are wide spaced holes 200 to 400 metres apart which were designed to locate additional mineralization on this underexplored trend along strike to the northeast and southwest of the Dibwe East deposit. The best result was in drill hole DMC 1220, which intersected 25.5 metres at 327 ppm eU3O8, from 9.7 metres to 35.2 metres below surface. This drilling has been successful with 10 holes returning 12 intersections with a grade x thickness (GT) greater than 500 ppm eU3O8*m. The average GT of these 12 intersections is 1,864 ppm eU3O8*m.