Denison Mines flags first deposit for ISR mining in the Athabasca basin

Denison Mines (TSX: DML) has selected the in-situ recovery (ISR) mining method for the development of the Phoenix deposit at the Saskatchewan Wheeler River uranium project, in the heart of the Athabasca basin.

Canada’s Athabasca Basin has become the prime destination for high-grade uranium, with grades in excess of 100 times global averages, and the move makes it the first deposit identified for ISR mining in the area.

The pre feasibility study (PFS) discusses co-developing the Phoenix and Gryphon deposits. While the Phoenix deposit is designed as an ISR operation, the Gryphon deposit is designed as an underground mining operation at Denison's 22.5% owned McClean Lake mill.  Taken together, the project is estimated to have mine production of 109.4 million pounds of Uranium over a 14-year mine life.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25585.70 0.75%
S&P 500 2826.06 0.14%
NASDAQ 7637.01 0.11%
TSX 16230.04 0.40%
TSX-V 607.68 0.00%

Resource Commodities

Name Last Change
Gold 1292.80 0.84%
Silver 14.57 0.21%
Copper 2.70 2.700
Platinum 901.00 0.67%
Oil 57.91 6.06%
Natural Gas 2.58 1.36%
Uranium 24.25 1.34%
Zinc 1.20 0

@RSDigest ON TWITTER