Denison Mines Corp recently announced that it could potentially boost the resource estimate at its Mutanga project by 16 to 24 million pounds of uranium, based on exploration drilling completed this year. However, it has warned that though the results look promising, it has not done enough drilling to properly define an increase in the resources. Exploration at Mutanga will continue in 2012.
Denison produces uranium and vanadium in the United States. Denison is among other companies that have quietly corned uranium mining in Zambia with a range of small lucrative projects. We have been promised that its Mutanga and Dimbwe Deposits in Siavonga will create approximately 300 jobs in 2012. But everyone is silent on how much money will go into the national pocket. The old dreams of a uranium powered Zambia runs hollow indeed!