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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 13.5m @ 9.58% U3O8 from 446.5m. Vancouver, BC, July 25, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company”) | |
| Resources: | (Resource): 1.18Mt @ 6.88% U3O8 (Ind.) and 4.25Mt @ 1.30% U3O8 (Inf.) at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | Vancouver, BC, July 25, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE,NYSEMKT:NXE) is pleased to report final assay results for the winter 2017 drilling program at our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Garrett Ainsworth, Vice-President, Exploration and Development, commented: “This last batch of drill hole assays from the winter 2017 program have confirmed previously released radioactivity results with strong grades over wide intervals, which will add to the existing Mineral Resource Estimate which was only based on drilling up to the end of 2016. The Arrow Deposit remains open in most directions with significant potential for both Inferred growth as well as rapid conversion to Indicated.” Leigh Curyer, Chief Executive Officer, commented: “These final winter 2017 assays confirm Arrow is still wide open for material expansion within and outside the current area of mineralization. The maiden PEA is due imminently which will not include any of the results from winter or summer 2017 drilling. With closing the CEF financing, NexGen is in a very strong position to optimize Arrow and deliver it as a leading resource project. NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Discovery in February 2014 and Bow Discovery in March 2015 and the Harpoon discovery in August 2016. The Arrow deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 M tonnes grading 6.88% U3O8 in the indicated mineral resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the inferred mineral resource category. | |
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