Denison holds a 70% interest in the GSJV with the Mongolian state entity Mon-Atom holding 15% and the Russian concern Geologorazvedka holding the remaining 15%.
The GSJV holds six exploration licenses, including Hairhan, totaling 181,574 hectares in the South Gobi region of Mongolia.
The updated NI 43-101 resource incorporates results from drilling from 2007 and 2008 in the central
portion of the Hairhan deposit.
This drilling comprised 278 holes totaling 46,000m concentrated in known mineralized areas in order to close drill spacing and to support detailed resource estimation.
As a result of the drill programs, which increased the total drilling at Hairhan to over 118,000m, uranium contained in the Indicated Resources increased 151% and in Inferred Resources increased 67% over the resources reported previously.
The resources were estimated using a cut-off of 0.02% U (0.024% U3O8) over a minimum thickness of 2m.
