Denison currently has an effective 24.68% ownership interest in the Waterfound River joint venture, in which Orano Canada and JCU (Canada) Exploration Company are the other participants. Orano has a majority interest (62.42%) in the Waterfound JV and is the project operator.
The 2022 exploration program was designed to test for the potential expansion of previously discovered mineralization in the Alligator zone, as well as to test for new mineralization in the surrounding area along the La Rocque conductive corridor. The drilling was planned to occur during both the winter and summer seasons, with approximately 7,400 metres of diamond drilling in an estimated 12 drill holes.
Six drill holes totalling 3,175 metres were completed as part of the winter drill program. The first three holes did not encounter significant uranium mineralization.
The final set of results from Waterfound River are highlighted by drill hole WF-68, which…
