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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 8/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-8-2016: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Drilling results incl. 40.5m @ 12.69% U3O8 from 522.0m. Vancouver, BC, August 8, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company” | |
| 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, August 8, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to report assay results for seven holes from our recently completed winter 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Scissor drilling collared from the southeast to the northwest at the Arrow Deposit has returned extensive high grade uranium mineralization in the higher grade A2 sub‐zone (the “Sub‐Zone”). Hole AR‐16‐91c2 has confirmed and increased the known width of the Sub‐Zone and returned a continuous grade x thickness (“GT”) of 514. The Sub‐Zone is now outlined by 23 holes, all of which intersected dense accumulations of massive‐to‐semi‐massive pitchblende, sixteen of which were drilled after the release of the Company’s maiden NI 43‐101 compliant Inferred Mineral Resource for the Rook I project on March 3, 2016. Infill drilling continues to verify that mineralization in the A2 shear is both extensive and continuous. These include 3 scissor holes drilled outside of the Sub‐Zone but inside the A2 High‐Grade Domain. Significant expansion of the newly discovered mineralized zone in the A1 shear has been confirmed. The A1 shear remains primarily untested, and is already host to mineralization over a strike length of 360 m. Garrett Ainsworth, Vice‐President, Exploration and Development, commented: “The robust nature of the higher grade A2 sub‐zone is clearly evident with scissor hole AR‐16‐91c2 returning a continuous GT of 514. The drill results continue to be outstanding whether the sub‐vertically dipping mineralization is drilled from the northwest to the southeast or vice versa. Additionally, the mineralized zone in the A1 shear is expanding rapidly since discovery hole AR‐16‐84c1.” | |
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