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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 9/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 13.4m @ >10'000 - >61'000cps radioactivity using a RS-120 Scintillometer. Vancouver, BC, September 28, 2016 – | |
| 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, September 28, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to report radioactivity results on seven holes from our ongoing summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Mineralized zones in the A1, A2 and A3 shears continue to be confirmed and rapidly expanded by drilling. In the higher grade A2 sub-zone (the “Sub-Zone”), AR-16-96c2 intersected dense accumulations of massive to semi-massive pitchblende both within and outside of the A2 High Grade Domain marked by 60.5 m of total composite mineralization including 13.4 m of off-scale radioactivity (>10,000 to >61,000 cps). In addition, AR- 16-96c3 intersected 80.0 m of total composite mineralization including 12.45 m of off-scale radioactivity also in the A2 shear. A new zone of high grade mineralization has now been delineated outside the lower margin of the A2 High Grade Domain defined in the maiden Arrow Deposit 43-101 Inferred Mineral Resource estimate. In the A3 shear, five holes have intersected strong mineralization in step outs as far as 70 m from the current resource domains. Hole AR-16-101c2 intersected 47.0 m of composite mineralization including 6.2 m of offscale radioactivity within the A3 shear. Furthermore, drilling in the new high grade zone within the A1 shear continues to return strong visible uranium mineralization where AR-16-102c2 intersected 44.5 m of total composite mineralization including 1.35 m of off-scale radioactivity 45 m northeast from the closest hole. | |
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