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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 11.05m @ >10'000 - >61'000cps radioactivity using a RS-120 Scintillometer. Vancouver, BC, February 23, 2017 – | |
| 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, February 23, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to report the first results from the 35,000 m winter 2017 drilling program at our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Several drill holes have intersected significant mineralization in previously untested areas located outside the maiden A2 and A3 resource grade shells of the Arrow Deposit to the northeast, including some of the most intense mineralization encountered in the A3 shear to date. The A2 and A3 long sections as well as a map showing drill hole locations are shown in Figures 1 to 3. Table 1 is a summary of the mineralized intervals. Garrett Ainsworth, Vice-President, Exploration and Development, commented: “The objectives of the 2017 winter drill program are weighted towards expanding the area of mineralization at Arrow and subsequent infilling of the deposit. The first batch of results from the 2017 program have materially expanded the A2 and A3 shears to the northeast demonstrating continuity of these broad mineralized shears and include high grade sub-intervals. High grade sub-intervals in the A2 led us to discover the high grade A2 sub-zone. The northeast extension of the A2, the up-dip northeast extension of the A3 shear, and the southwest gap between Arrow and the 180 m southwest area are all high priorities given their growth profiles.” | |
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