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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 7/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 58.5m @ 1.26% U3O8 from 848.5m (not considering internal dilution). Vancouver, BC, July 27, 2016 – NexGen Ene | |
| 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, July 27, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE) is pleased to report assay results for one hole from our recently completed winter 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Assay results have established that hole AR-16-81c2 has discovered a new zone of high-grade uranium mineralization in what has been named the A5 shear. The A5 shear is located adjacent southeast of the A4 shear as shown in Figures 1 and 2. The Arrow Deposit is now comprised of five high-grade shear zones; A1, A2, A3, A4 and A5 that are subparallel to each other and have a combined thickness of 280 m. The A5 shear is completely untested between hole -81c2 and the unconformity which is approximately 105 m below surface or 685 m above the hole. The mineralized zone intersected in AR-16-81c2 is open in all directions. Garrett Ainsworth, Vice-President, Exploration and Development, commented “The discovery of high grade mineralization in the new A5 shear has now been established with drill hole AR-16-81c2 returning an impressive total composite GT of 74. The mineralization is open in all directions with a completely untested 685m vertical extent from hole -81c2 up to the unconformity.” Leigh Curyer, Chief Executive Officer commented: “The discovery of the A5 shear with strong grade is very exciting for the Arrow Project and NexGen. It presents another objective for this summer’s drilling season in testing the A5 shear and for additional parallel shears at Arrow. Figures 1 and 2 highlight the extent of the area that remains untested." | |
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