Denison Mines Corp (NYSEAMERICAN: DNN) is excited to unveil its findings from the ISR field test program. It was a rather elaborate program that involved the setup of commercial-scale wells. However, it considers the Wheeler River Uranium Project’s Phoenix uranium deposit to be a lucrative opportunity, and that is based on the Phase 1 field tests outcomes.
Matters are looking up for the company, which is also considering discovering additional high-grade uranium mineralization. However, it is a discovery away from the Phoenix project.
Denison’s VP for Operations, David Bronkhorst, opines, “Baseline hydrogeologic testing and permeability enhancement efforts completed within the Test Pattern thus far are encouraging and will inform future test work as we progress towards the initiation and completion of a full-scale tracer test during the remainder of the program.”
Bronkhorst projects that the company might complete the tracer test in its third quarter and believes there will be a lot to learn. For example, it will gain an in-depth understanding of preferable operating parameters. The leader also speaks about the company’s planned lixiviant test in 2022, outlining that the tracer test will enlighten them on the best way forward.
The leader considers discovering the GWR-045 uranium mineralization a good thing for Denison Mines Corp as it seeks new ways to increase its revenues and expand operations.
The Covid-19 impact and company’s reaction
The Wheeler River site is an important asset for the company, and it intends to make the most out of it. However, it makes the safety and the wellbeing of its staff and contractors one of its topmost priorities. It is the reason the company continues advocating for safe field activities. It also wants to establish a good rapport with the local communities by ensuring safe operations that significantly affect their lives. Finally, it promises the residents of northern Saskatchewan that it will do everything possible to ensure their wellbeing and good health.