Denison Mines Corp. Announces Appointment of Steve Blower as Vice President, Exploration
August 15 2012 - 2:05PM
Marketwired
Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE
MKT:DNN)(NYSE Amex:DNN) is pleased to announce that Mr. Steve
Blower, P. Geo., has been appointed Vice President, Exploration
effective September 1, 2012.
Prior to joining Denison, Steve was the President and C.E.O. and
a director of Pitchstone Exploration Ltd., until that company was
sold last month. Pitchstone was a well-regarded uranium exploration
company with numerous projects in Canada, including the Athabasca
Basin in northern Saskatchewan and Nunavut, as well as projects in
Namibia. Steve is a geologist with 24 years of experience in the
minerals industry. Steve's background includes mine geology at two
open pit copper porphyry deposits in British Columbia, resource
estimation for Snowden Group and AMEC plc, and exploration for
precious and base metals and uranium. He obtained a B.Sc. degree in
Geological Sciences from the University of British Columbia in
1988, and followed that with a M.Sc. degree in Geological Sciences
from Queen's University in 1993.
Ron Hochstein, President and C.E.O. of Denison commented that,
"I'm excited about Steve joining Denison's team. With the Company's
transition from production to exploration, Steve will play a key
role in the expansion of our Canadian exploration activity in the
Athabasca Basin region, as well as our exploration programs in
Zambia and Mongolia."
About Denison
Denison Mines Corp. is a uranium exploration and development
company with interests in exploration and development projects in
Saskatchewan, Zambia and Mongolia. As well, Denison has a 22.5%
ownership interest in the McClean Lake uranium mill, located in
northern Saskatchewan, which is one of the world's largest uranium
processing facilities. Denison's exploration project portfolio
includes the world-class Phoenix deposit located on its 60% owned
Wheeler River project also in the Athabasca Basin region of
Saskatchewan.
Denison is engaged in mine decommissioning and environmental
services through its Denison Environmental Services (DES) division.
Denison is also the manager of Uranium Participation Corporation
(TSX:U), a publicly traded company which invests in uranium oxide
in concentrates and uranium hexafluoride.
Cautionary Statements
Certain information contained in this press release constitutes
"forward-looking information", within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and similar
Canadian legislation concerning the business, operations and
financial performance and condition of Denison.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur", "be achieved" or "has
the potential to".
Forward looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and they are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Denison to be materially different
from those expressed or implied by such forward-looking statements.
Denison believes that the expectations reflected in this
forward-looking information are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information included in this press release should
not be unduly relied upon. This information speaks only as of the
date of this press release. In particular, this press release may
contain forward-looking information pertaining to the following:
the estimates of Denison's mineral resources; capital expenditure
programs; estimated production costs, exploration and development
expenditures and reclamation costs; expectations of market prices
and costs; supply and demand for uranium; possible impacts of
litigation and regulatory actions on Denison; exploration,
development and expansion plans and objectives; Denison's
expectations regarding raising capital and adding to its mineral
resources through acquisitions and development; and receipt of
regulatory approvals, permits and licences and treatment under
governmental regulatory regimes.
There can be no assurance that such statements will prove to be
accurate, as Denison's actual results and future events could
differ materially from those anticipated in this forward-looking
information as a result of those factors discussed in or referred
to under the heading "Risk Factors" in Denison's Annual Information
Form dated March 28, 2012, available at http://www.sedar.com, and
in its Form 40-F available at http://www.sec.gov, as well as the
following: global financial conditions, the market price of
Denison's securities, volatility in market prices for uranium;
ability to access capital, changes in foreign currency exchange
rates and interest rates; liabilities inherent in mining
operations; uncertainties associated with estimating mineral
reserves and resources and production; uncertainty as to
reclamation and decommissioning liabilities; failure to obtain
industry partner and other third party consents and approvals, when
required; delays in obtaining permits and licenses for development
properties; competition for, among other things, capital,
acquisitions of mineral reserves, undeveloped lands and skilled
personnel; public resistance to the expansion of nuclear energy and
uranium mining; uranium industry competition and international
trade restrictions; incorrect assessments of the value of
acquisitions; property title risk; geological, technical and
processing problems; the ability of Denison to meet its obligations
to its creditors; actions taken by regulatory authorities with
respect to mining activities; the potential influence of or
reliance upon its business partners, and the adequacy of insurance
coverage.
Accordingly, readers should not place undue reliance on
forward-looking statements. These factors are not, and should not
be construed as being, exhaustive. Statements relating to "mineral
reserves" or "mineral resources" are deemed to be forward-looking
information, as they involve the implied assessment, based on
certain estimates and assumptions that the mineral reserves and
mineral resources described can be profitably produced in the
future. The forward-looking information contained in this press
release is expressly qualified by this cautionary statement.
Denison does not undertake any obligation to publicly update or
revise any forward-looking information after the date of this press
release to conform such information to actual results or to changes
in Denison's expectations except as otherwise required by
applicable legislation.
Contacts: Denison Mines Corp. Ron Hochstein President and Chief
Executive Officer (416) 979-1991 Extension 232 Denison Mines Corp.
James R. Anderson Executive Vice President and Chief Financial
Officer (416) 979-1991 Extension 372 www.denisonmines.com
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