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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/18/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-11-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 12.8m @ >10'000 - >61'000cps radioactivity using a RS-120 Scintillometer. VANCOUVER, Nov. 18, 2016 /CNW/ - N | |
| Resources: | (Resource, Inf.): 3.48Mt @ 2.63% U3O8 for 201.9Mlbs U3O8 contained at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | VANCOUVER, Nov. 18, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, OTCQX:NXGEF) is pleased to report radioactivity results from 38 holes representing the conclusion of our highly successful summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. At Arrow, strong mineralization continues to be drilled outside of the A2 High Grade Domain. Drill hole AR-16-112c2 intersected 39.0 m of total composite mineralization including 9.1 m of off-scale radioactivity (>10,000 cps with handheld RS-120 scintillometer) drilled below the grade shell of the A2 High Grade Domain. Drill hole AR-16-111c2 featured 5.0 m of minimum-greater-than-61,000 cps radioactivity also outside of the A2 High Grade Domain. Additionally, drill hole AR-16-104c2intersected 38.5 m of total composite mineralization including 5.05 m of off-scale radioactivity in the A2 shear with the strongest mineralization drilled 32 m below the A2 High Grade Domain. With respect to infill drilling, the A2 shear continues to exceed expectations where scissor holes AR-16-106c1 and AR-16-111c1 intersected 63.0 m of total composite mineralization including 12.1 m of off-scale radioactivity and 49.5 m of total composite mineralization including 10.85 m of off-scale radioactivity, respectively. Significant mineralization in the A2 shear was also intersected in drill holes AR-16-104c3, -105c2, -106c2, -108c3, -108c4, -109c1, -109c3, -110c1 and -110c2 (see Figure 1). Also at Arrow, the A3 shear has been significantly expanded where drill hole AR-16-105c1intersected 70.5 m of total composite mineralization including 7.9 m of off-scale radioactivity. In addition, drill holes AR-16-105c2, -105c3, -110c1, -110c2 and -113c1 all intersected significant mineralization in the A3 shear (see Figure 2). In the A1 shear, AR-16-108c3 intersected 18.0 m of total composite mineralization including 3.5 m of off-scale radioactivity (see Figure 3). | |
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