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Exploration &
Development

Hatchet Lake

The Hatchet Lake Project is a joint venture between Denison Mines Corp. (64.36%) and Anthem Resources Inc. (35.64%). Denison is the operator. The property is located in the northeast region of the Athabasca Basin in northern Saskatchewan approximately 400 kilometres north of La Ronge and 30 kilometres north of Points North Landing.

Geology

The property lies on the eastern margin of the Athabasca Basin. Sandstone cover increases in thickness westward from 0 to 250 m. Basement rocks include: variably graphitic pelite, psammite, quartzite, minor amphibolite, calc-silicates and granite.

Historical work

  • The area was previously explored between the late 1960's and 2008 primarily by Urangesellschaft Canada, SMDC, Cogema, Gulf Minerals, Asamera, Eldorado Resources Ltd. and Cameco.
  • From 2008 to the present Denison, through joint venture, has completed further airborne and ground geophysics as well as additional drilling.
  • EM conductors, which represent graphite- and/or pyrite-rich units in the metasedimentary succession, have been the chief exploration targets on the property.
  • Many of these EM conductors are associated with graphitic shears, anomalous geochemistry and alteration similar to that encountered in 'halos' around unconformity-type uranium deposits, as well as indicative mineralization.

Potential

  • There are entirely untested conductors on the property as well as untested areas along previously drilled conductors.
  • The Richardson Lake and Tuning Fork areas have produced the most encouraging results to date. RL-13-16 (2013) is the best hole drilled to date on the property. RL-13-16 intersected 0.45% U3O8 over 2.3 metres straddling the unconformity (125.8 metres), including 1.48% U3O8 over 0.5 metres. In addition to uranium, RL-13-16 intersected 21.5 g/t Au over 1.0 metre, including 39.1 g/t Au over 0.5 metres in basement.
  • The Hatchet South area also warrants some follow-up which would be best accomplished in conjunction with drilling in the Tuning Fork area, immediately to the east.
Please view the Annual Information Form and Quarterly Exploration and Development Updates for further information.

Photos





Maps


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