As far as I know yes

And Does it work with the newest version of the game?

Basically you enable the mod and zombies & colonist cannot go through water.

How does this mod work exactly?zombies can still go thru water even with this mod.

A great mod. It allows fishermen and water gatherers to get to work without going through a maze. And it improves general defense by blocking access to one side of colony if located close to water.