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: | 7/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 6.0m @ <500 - >61000 cps from 302.0m. Vancouver, BC, July 27, 2017 – NexGen Energy Ltd. (“NexGen” or the “Com | |
| 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 27, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE:NXE) is pleased to report a new uranium discovery during our on‐going summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. The first two exploration holes of the summer drill program have resulted in the discovery of a new zone of off‐scale radioactivity approximately 400 m south of the Arrow Deposit. This new area of mineralization has been named the South Arrow Discovery and is located on an Arrow‐parallel structure that remains almost completely undrilled. The Arrow South Discovery is currently defined by the local occurrence of narrow massive pitchblende veining measuring >61,000 cps. The South Arrow Discovery has been tested with only two holes and both intersected narrow intervals of off‐scale radioactivity within a large and robust envelope of highly prospective hydrothermal alteration. South Arrow remains open in all directions. Garrett Ainsworth, Vice‐President, Exploration and Development, commented: “The discovery of South Arrow is the result of a disciplined process by the team where multiple geophysical datasets were integrated to prioritize exploration targets. The ground 3D resistivity survey conducted by Dias Geophysical was key in elevating South Arrow as a high priority target that has now returned off‐scale radioactivity associated with a large and robust alteration system. The alteration package is similar to that which accompanies the Arrow Deposit, and includes favourable dravite/illite/sudoite clays as pervasive and replacement, pervasive strong hematite, and intense silicification that includes radiation damaged quartz.” | |
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