For thousands of other reports visit RSC's Mineral Intellingence Map
NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/2/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-11-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 18.5m @ >10000 to >61000 CPS. Vancouver, BC, November 2, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company” | |
| 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, November 2, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to report radioactivity results from our on-going summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Step out drilling from the Arrow Deposit has returned substantial off-scale radioactivity in multiple holes. Two holes intersected extensive mineralization northeast of the A2 High Grade Domain, highlighted by drill hole AR-16-108c2, which intersected 69.5 m of total composite mineralization including 18.05 m of off-scale radioactivity (>10,000 to >61,000 cps) in the A2 shear that was anchored by local accumulations of dense massive pitchblende mineralization and was drilled 30 m northeast of AR-14-30 (see News Release dated October 6, 2014). Drilling confirms that A2 Sub-Zone style mineralization extends northeast of drill hole -30, where very little drilling has been completed to-date. Additionally, three holes (AR-16-103, -97, -100) completed between the Arrow Deposit and the new mineralized area 180 m to the southwest each intersected strong mineralization over significant lengths and off-scale radioactivity that locally exceeded 61,000 cps. Of specific importance, drill hole AR-16-103 intersected 66.0 m of total composite mineralization including 5.5 m of off-scale radioactivity (>10,000 - >61,000 cps). Furthermore, drilling continues to highlight that the area 180 m southwest of Arrow is highly prospective as multiple holes in this area intersected broad zones of mineralization including local concentrations of off-scale radioactivity. In total, 26 holes have now been drilled up to 240 m southwest from the maiden NI 43-101 Arrow Deposit Inferred Mineral Resource. Numerous holes intersected multiple mineralized shears akin to the Arrow Deposit, which are likely extensions of the Arrow shear zones. Drilling reported in this news release indicates continuous mineralization along this 240 m southwest extension. Arrow’s total strike length now extending 895 m. Mineralization remains open further along strike to the southwest, and is also open laterally and vertically. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report