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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | A2, A3 | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 7/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its A2, A3 deposit at the Rook I project. Drilling results incl. 33.0m @ 4.58% U3O8 from 681.5m. Vancouver, BC, July 12, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company” | |
| Resources: | (Resource): 1.18Mt @ 6.88% U3O8 (Ind.) and 4.25Mt @ 1.30% U3O8 (Inf.) at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | Vancouver, BC, July 12, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE:NXE) is pleased to announce the commencement of a summer drilling and development program as well as to report assay results for 25 holes from the winter 2017 drilling program at our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Drilling in winter 2017 designed to expand Indicated mineral resources in the A2 and A3 shears was successful with widespread mineralization being intersected in both shears. Garrett Ainsworth, Vice-President, Exploration and Development, commented: “These latest results confirm and exceed our previously reported drill hole radioactivity results, which we expect will be accretive to the ultimate size of the Arrow Deposit. Much of the winter 2017 program was focused on a first pass of the Northeast and Southwest Gaps, which we plan on following up and expanding with the summer 2017 drill program.” Leigh Curyer, Chief Executive Officer, comment: “On the back of the success of the winter program we now look ahead to our summer activities which include 25,000 m of drilling as well as advanced engineering and environmental studies. Arrow’s current resource base makes it the largest uranium deposit in Canada on a net to operator basis and we look forward to the delivery of the maiden preliminary economic assessment imminently. Combined with the strategic investment by CEF, we are in the strongest position the Company has ever been in and are well positioned to meet our objective of becoming a major global uranium production | |
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