Denison Mines Corp. (TSX:DML,NYSE:DNN) announced the completion of drilling at its Mutanga uranium project in Zambia.
As quoted in the press release:
The 2011 drilling program intersected some of the highest grade mineralized zones to date on the Mutanga project including drill hole DMC1036 which returned 1,828 ppm eU3O8 over 13.4 metres and DMC1143 which intersected 9.1 metres grading 1,253 ppm eU3O8, both of which were in the Dibwe East deposit.
Denison’s President and CEO, Ron Hochstein said:
The results of the 2011 drill program have the potential to significantly expand the estimated mineral resources at the Mutanga project and have also identified higher grade primary mineralization at depth. Further drilling to expand the potential of this property will be undertaken in 2012.