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Denison boosts uranium resources at Midwest JV in Saskatchewan

Denison Mines Corp. on March 27 announced an updated resource estimate for the Midwest joint venture uranium project in northern Saskatchewan.

The project is owned 25.17% by Denison, 69.16% by Orano Canada Inc. and 5.67% by OURD (Canada) Ltd.

Using a cutoff grade of 0.1% triuranium octoxide, the project's indicated resources increased by about 2.1 million pounds to 50.8 million pounds of U3O8 hosted within 1.0 million tonnes at 2.3% U3O8.

Total inferred resources rose by 13.5 million pounds to 18.2 million pounds of U3O8 contained within 846,000 tonnes at 1.0% U3O8.

The project is host to the high-grade Midwest Main and Midwest A uranium deposits, which lie along strike and within six kilometers of the J Zone deposit and Huskie discovery on Denison's 64.22%-owned Waterbury Lake project.