The company has an option to earn up to a 95% interest in three dispositions from Solitaire Mineral Corp, known as C-4, C-5 and C-6, with an aggregate area of 4,011acres adjoining the northwest side of the Wheeler River property of Denison Mines Corp (60%), Cameco (30%) and JCU (Canada) Exploration Co (10%).
Denison has announced an indicated mineral resource for its Phoenix Zone of 35.6 million pounds of U3O8, with a grade of 18.0% U3O8.
The Phoenix B Zone has an additional inferred resource of 3.8 million pounds grading 7.3% U3O8.
The three properties lie on a structural corridor located along a belt of Aphebian metasediments in the subAthabasca basement.
