Denison Mines (DNN) Drills Into Promising Uranium Ground Near Cigar Lake

18 hours ago 2

Neha Gupta

Fri, May 15, 2026 astatine 10:45 AM CDT 2 min read

Denison Mines Corp. (NYSEAMERICAN:DNN) is one of the champion uranium stocks to bargain according to Wall Street analysts. On May 6, Cosa Resources Corp. released wintertime 2026 drilling results from the Darby uranium project, which it co-owns with Denison Mines Corp. (NYSEAMERICAN:DNN). The task is simply a 70/30 associated task betwixt Cosa and Denison, and Cosa is the operator. It is located conscionable 10 kilometers westbound of Cameco Corporation’s Cigar Lake Mine, which is 1 of the world’s largest high-grade uranium mines.

Denison Mines (DNN) Drills Into Promising Uranium Ground Near Cigar Lake

According to the drilling results, the wintertime programme drilled 3 holes targeting 3 chiseled geological trends, that is Charlie, Gamma, and Delta. At the Charlie Trend, drill spread DB26-39A returned powerfully anomalous uranium concentrations successful the sandstone, which averaged 5.6 parts per cardinal (ppm) implicit 103.5 meters. The spread besides intercepted a bladed interval of existent uranium mineralization grading 0.04% U₃O₈ over 0.5 meters. The institution said this is the 2nd specified interception astatine Charlie, and that it confirms the inclination holds genuine exploration potential.

At the Gamma Trend, the task drilled a spread astir 150 meters across, and it was characterized by graphitic basement faulting, zones of hydrothermal alteration, and important unconformity relief. These features signifier a geological mounting geologists see highly favorable for uranium deposit formation, the institution noted.

Cosa said results from the Delta Trend were little conclusive due to the fact that the azygous drill spread did not instrumentality important findings. However, the institution added, geochemical assays are inactive pending and respective kilometers of prospective onslaught magnitude astatine tract are inactive untested.

Denison Mines Corp. (NYSEAMERICAN:DNN) is simply a uranium exploration and improvement company. Its flagship plus is the Wheeler River Uranium Project, which includes the high-grade Phoenix deposit planned for improvement utilizing in-situ betterment methods.

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