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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 6/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 8.05m @ >10'000 - >61'000cps radioactivity using a RS-120 Scintillometer. Vancouver, BC, June 13, 2016 – NexG | |
| Resources: | (Resource, Inf.): 3.48Mt @ 2.63% U3O8 for 201.9Mlbs U3O8 contained at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | Vancouver, BC, June 13, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSXV:NXE, OTCQX:NXGEF) is pleased to announce further results from our ongoing spring drilling program on our 100% owned Rook I Property, Athabasca Basin, Saskatchewan. Drilling at the area 180 m southwest of Arrow has intersected significant off‐scale radioactivity associated with extensive visible uranium mineralization. All 3 holesin this area have intersected off‐scale mineralization. A total of 11 drill holes have now encountered mineralization in this area, which remains open in all directions and has currently established a strike length of 76 m. Future drilling will be directed to determine whether this area which is 180 m southwest of Arrow, is connected to Arrow to the northeast, and the extent of the area further to the southwest. Hole AR‐16‐90c3, which was drilled 74 m up‐dip and southwest of hole AR‐16‐77c2 (see press release March 30, 2016) has intersected 8.05 m of total composite off‐scale radioactivity (>10,000 to >61,000 cps) marked by dense accumulations of massive to semi‐massive pitchblende within 68.0 m of total composite mineralization. Included as part of the 8.05 m of off‐scale mineralization 1.5 m of minimum‐greater‐than‐ 61,000 cps including 1.0 m that was continuous. This is the most significantly mineralized hole to date at this newly identified area. | |
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