Ahenakew Lake Project

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denisonmines.com
A Lundin Group Company
Ahenakew Lake Project
Northwest Territories
Athabasca Basin, Saskatchewan
The Ahenakew Lake Project consists of 18 claims totaling 42,579 hectares
located 10 kilometres south of the producing Rabbit Lake Mine. Saskatchewan
highway 905 passes through the middle of the property.
ATHABASCA
BASIN
Alberta
Saskatchewan
Prince Albert
Geology
Saskatoon
The Ahenakew Lake Project straddles the eastern edge of the Athabasca Basin. The
sandstone thickness ranges from zero metres (no sandstone cover) on the property’s
eastern side to no more than 100 metres on the property’s western side. Basement rocks
are dominantly paragneisses belonging to the Wollaston Domain.
Historical work
• From 1965 to 1979 the property
received sporadic exploration including airborne and ground geophysics
and limited drilling. Several drill
holes with anomalous alteration
and minor radioactivity are noted
amongst the holes drilled during this
period.
N
Uranium mines
and deposits
Uranium mill
50 km
Manitoba
ATHABASCA
BASIN
Midwest, Midwest A
55 million lbs. U3O8
Cigar Lake
350 million lbs. U3O8
McArthur River (P2N)
500 million lbs. U3O8
Ahenakew
Lake
• From 1980 to 2005 the property was
explored by Gulf Minerals, Eldorado
Nuclear, Uranerz and then Cameco.
Work included airborne and ground
geophysics and drilling. Several
anomalous drill holes were noted;
the best intercept recorded was
0.51% U3O8 over 0.4 metres starting
at 56.9 metres in drill hole HBW-29.
• From 2005 to the present Denison
took over operatorship of the property and has completed further
airborne and ground geophysics as
well as several drilling programs.
Regina
Directors
Lukas H. Lundin, Chairman
Ron F. Hochstein, President and CEO
John H. Craig
W. Robert Dengler
Brian D. Edgar
Eun Ho Cheong
William A. Rand
Catherine J.G. Stefan
Management
Ron F. Hochstein, President and CEO
David D. Cates, VP Finance, tax and CFO
Michael J. Schoonderwoerd, VP Controller
Terry V. Wetz, VP Project Development
Steve Blower, VP Exploration
Sheila Colman, Canadian Counsel and Corporate Secretary
Denison Mines Corp.
Atrium on Bay
595 Bay Street, Suite 402
Toronto, Ontario
M5G 2C2 Canada
416 979 1991
[email protected]
Rabbit Lake mine
5 km North
Ahenakew Lake Project
N
Athabasca Basin
unconformity
UEX’s West Bear
uranium deposit
Mag 1st vertical
derivative underlay
Conductors
Historical drill holes
5 km
Potential
•The thin or missing sandstone cover makes
the property attractive to explore for
unconformity and basement hosted uranium
mineralization.
•The basement geology underlying the
Ahenakew Lake Project is similar to both the
Rabbit Lake and Eagle Point uranium deposits.
•The model for “Rabbit Lake” basement style
mineralization remains relatively untested on
the property.
Future work planned
• Continue to drill test prospective geological and
geophysical targets.
• Perform a surficial geochemistry survey to assist in
prioritizing drill targets on the property.
For more information about this project please contact:
Steve Blower, Vice President, Exploration
T 604 689 7842
[email protected]