MOORE LAKE

The Moore Lake property, owned 75% by Denison and 25% by JNR Resources Inc. (JNR), comprises 11 contiguous claims totalling approximately 36,000 hectares. The property is located in the south-eastern portion of the Athabasca Basin in the La Ronge Mining District of Saskatchewan. The Moore Lake property is subject to a 2.5% net smelter return royalty. The target on the Moore Lake property is an Athabasca unconformity type deposit.

Moore Lake exploration camp

Winter exploration camp at Moore Lake

The most encouraging discovery to date on the Moore Lake project has been the Maverick zone. While mineralized intercepts have been recovered along nearly 800 metres of strike, and the mineralized system has been traced by wide-spaced drilling for over three kilometres, the controls, distribution and concentration mechanism of the uranium mineralization are not understood. The 2008 program attempted to determine the controls of the Maverick mineralization. A program of 13 holes was drilled in 2008. Twelve of these holes were drilled on the Maverick Zone with the following purposes: (i) to test the deposit for any extensions of the unconformity mineralization into the basement rocks; (ii) to closely define the western edge of the known unconformity mineralized pod; and (iii) to test a perched mineralization target in the upper part of the overlying Athabasca sandstone. The eighth hole was drilled on a structural and weak resistivity target at the north eastern end of the Maverick Mineralized Trend. This was unsuccessful in expanding the Maverick deposit. Future work will focus on identifying repetitions elsewhere on the Moore Lake property. This work will consist of a focused relogging program and drilling. A significant program of resistivity surveying will also attempt to create targets by responding to any sandstone alteration chimneys.


Last updated April, 2009.