Denison Mines begins Wheeler North 2026 exploration programme

Skyharbour Resources’ spouse Denison Mines has begun the 2026 wintertime exploration programme astatine the Wheeler North associated task (JV), formerly portion of the Russell Lake spot successful Saskatchewan's eastbound Athabasca Basin.

This programme consists of astir 2,500m of diamond drilling astatine the Fox Lake Trail (FLT) target, marking the commencement of a broad 7,500m drill campaign.

This exploration effort is afloat funded and managed by Denison arsenic portion of a strategical JV statement with Skyharbour Resources, announced successful November 2025.

The Wheeler North spot spans 16,409 hectares (ha) crossed 8 claims and features galore high-priority drill targets.

Skyharbour Resources presently holds a 51% ownership successful the property, portion Denison holds 49% and operates the project.

Denison has the enactment to summation its involvement to up to 70% done a phased earn-in agreement.

To execute 60% ownership, Denison indispensable put C$10m ($7.36m) successful exploration wrong 48 months, including $2.5m wrong the archetypal 2 years, and wage Skyharbour $1.5m.

To further rise its involvement to 70%, Denison needs to reason an further $15m successful exploration and marque a $2m outgo wrong 7 years of the agreement's completion.

The targets see the FLT, Fork and Sphinx areas, with Denison readying astir 13 diamond drill-holes totalling astir 7,500m this year.

Situated astatine the bluish extremity of the Wheeler North property, FLT features respective parallel electromagnetic conductors, which were enhanced done caller crushed geophysical surveys completed successful 2025.

The Fork Zone has emerged arsenic a cardinal absorption owed to its high-grade uranium mineralisation potential.

The earlier reported find hole, RSL24-02, encountered 3% triuranium octoxide implicit 0.5m astatine the unconformity, identifying Fork arsenic a high-grade uranium people with structural control.

Similarly, the Sphinx people presents promising opportunities adjacent Denison’s Phoenix uranium deposit.

Skyharbour's Russell Lake spot was reorganised into 4 JVs successful 2025, including Wheeler North.

Located centrally successful the eastbound Athabasca Basin and adjacent to important infrastructure specified arsenic highways and powerfulness grids, these ventures are acceptable to acquisition much than 15,000m of diamond drilling passim 2026.

"Denison Mines begins Wheeler North 2026 exploration programme" was primitively created and published by Mining Technology, a GlobalData owned brand.

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