Toronto-based Denison Mines Corp. is hunting for large uranium deposits in northern Saskatchewan, where it recently purchased two properties.
The company has bought almost 50,000 acres on the southern edge of the Athabasca Basin, west of Cameco Corp.’s McArthur River uranium mine.
“This is elephant country – a large property that has seen very little drilling on a geological trend with a precedent for large and high-grade uranium deposits,” said Denison Mines vice-president of exploration Dale Verran.
Denison Mines acquired an 80 per cent stake in the 41,000-acre Hook Carter property from ALX Uranium Corp. Denison also bought the 6,800-acre Coppin Lake property from Areva Resources Canada Inc. and UEX Corp. in a deal that closed last month.
