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News Breaks
June 17, 2014
08:44 EDTDNNDenison Mines announce Phoenix uranium deposit estimate over 70M pounds
Denison Mines announced an updated mineral resource estimate for the high grade Phoenix uranium deposit on its Wheeler River project in Northern Saskatchewan. Since the previous mineral resource estimate in 2012, Denison has completed 25 drill holes at Phoenix to convert inferred mineral resources to indicated, and to extend higher grade portions of the deposit. The result of these efforts is an increase in the total indicated mineral resource estimate from 52,300,000 lbs U3O8 to 70,200,000 lbs U3O8 based on 166,400 tonnes of mineralization at an average grade of 19.13% U3O8. This is a 34% increase in indicated lbs U3O8 over the 2012 estimate. Additionally, the total inferred mineral resource is now estimated to contain 1,100,000 lbs U3O8 based on 8,600 tonnes of mineralization with an average grade of 5.80% U3O8.
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October 9, 2014
08:14 EDTDNNCameco reports first uranium concentrate from Cigar Lake ore
Cameco (CCJ) announced last night that the McClean Lake mill has started producing uranium concentrate from ore mined at the Cigar Lake operation in northern Saskatchewan. The Cigar Lake mine is 50.025% owned by Cameco, while AREVA Resources Canada has a 37.1% stake, Idemitsu Canada Resources has a 7.875% stake and TEPCO Resources a 5.0% stake. The mine is operated by Cameco. The McClean Lake mill is owned by AREVA Resources Canada, with 70%, Denison Mines (DNN), with 22.5%, and OURD Canada, with 7.5%, and is operated by AREVA.

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