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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | A2, A3 | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 7/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2019: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its A2, A3 deposit at the Rook I project. Drilling results incl. 14.05m @ >10,000 to >61,000 CPS. Vancouver, BC, July 10, 2019 – NexGen Energy Ltd. (“NexGen” or the “Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Troy Boisjoli, James Hatley (Internal) | |
| ABSTRACT: | Vancouver, BC, July 10, 2019 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity results for an additional forty holes comprising 18,166.5 m from the Company’s Feasibility stage drilling program at our 100% owned, Rook I property in the Athabasca Basin, Saskatchewan. This current phase of the 2019 drilling program is targeting the A2 and A3 High-Grade Domain mine planning sections at a spacing between 9.0 m and 16.7 m based on a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions. All drill holes are collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology. Leigh Curyer, Chief Executive Officer, commented: “The largest drill program currently in Canada and in the Company’s history continues to rapidly advance Arrow through to Feasibility Study, detailed design and permitting. These results once again demonstrate the uniqueness of Arrow in terms of high grade and continuity. With the broader team advancing all aspects of development, community and permitting, it is an exciting time at NexGen.” Troy Boisjoli, Vice-President, Operations and Project Development, commented: “This latest batch of radioactivity results from the A2 and A3 High-Grade Domains, again demonstrates our confidence in the continuation of the high-grade mineralization across the Arrow Deposit. The strength of mineralization seen as part of this mine plan development drilling is truly unique and something I’ve never seen in my career. Not only are we seeing continuity of strong mineralization but also in rock competency throughout the mine plan. We are looking forward to the completion of Phase I (conversion of Indicated Mineral Resource to the measured category) and the start of Phase II (conversion of Inferred Mineral Resource to the Indicated category).” | |
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