RE: Outlook for 2010RE: earnings linkOn Nov. 10, 2009, Denison Mines Corp. announced that it has made a production decision for its Arizona 1 uranium deposit located in north central Arizona.
The mine will be an underground operation utilizing the existing 1,252 foot deep, 2-compartment shaft and employing a combination of long hole and shrinkage stoping methods at a mining rate of 335 tons per day, four days per week. Ore will be hauled by truck approximately 315 miles to Denison's White Mesa mill located near Blanding, Utah. The ore will be batch treated in the mill when 17,000 tonnes are available for processing with U3O8 recovery expected to be 95%. Production is expected to total approximately 857,000 pounds U3O8 [330 t U].
On Sep. 1, 2009, the Arizona Department of Environmental Quality issued an air-quality permit to Denison Mines for the Arizona 1 mine. Denison Mines now has all the necessary environmental permits to begin operations.
When operational, the Arizona I mine is expected to extract 109,500 tons per year (tpy) of uranium ore. The extracted uranium ore is removed via haul trucks and transported for further processing at the
White Mesa mill in Blanding, Utah.
> View
details
was originally to be 1600 ft deep, there just digging down. so if they decide to go deeper that could expand the mines life. when u goes higher they will probably open some more idle mines