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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-4-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 38.0m @ 500 - >61000 cps from 497.50m. NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to report results from 18 drill holes from the on-going winter 2017 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. The 2017 winter program comprising a minimum of 35,000 m of drilling with seven drill rigs will continue until the end of April. Longitudinal sections and a plan map showing drill hole locations are shown in Figures 1 to 3. A photo of the new high grade mineralization intersected in AR-17-136c2 is included in Figure 4. Table 1 is a summary of the mineralized intervals. Garrett Ainsworth, Vice-President, Exploration and Development, commented: “Drilling has been very successful in significantly expanding mineralization at Arrow on several fronts. The discovery of massive to semi-massive pitchblende mineralization encountered in hole AR-17-136c2 in the A3 shear looks identical to that found in the A2 Sub-Zone. The higher grade A2 Sub-Zone is located southwest of an interpreted cross cutting structure, and it appears that a similar Sub-Zone may be developing within the A3 shear to the northeast of this same cross cutting structure. Further step outs into the northeast gap of the A2 shear have returned additional high grade intervals, where we expect mineralization to continue further northeast and down-dip to drill hole AR-15-50. Scissor drill holes stepping out and within the A2 and A3 High Grade Domains continues to exceed our expectations.” Leigh Curyer, Chief Executive Officer, commented: “Drilling at Arrow continues to highlight how much room remains for material growth within the footprint of mineralization as well to the northeast demonstrated by today’s results. Together with ongoing expansion the team is simultaneously undertaking engineering and environmental studies to determine to optimal development scenario for Arrow.” | |
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