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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow South | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 1/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2018: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow South deposit at the Rook I project. Drilling results incl. 24.5m @ 1.46% U3O8 from 212.5m. Vancouver, BC, January 15, 2018 – NexGen Energy Ltd. (“NexGen” or the “ | |
| Resources: | (Resource): 1.18Mt @ 6.88% U3O8 (Ind.) and 4.25Mt @ 1.30% U3O8 (Inf.) at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainswworth (Internal) | |
| ABSTRACT: | Vancouver, BC, January 15, 2018 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for the final thirty-one holes from South Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. All assay results from the recently discovered shallow mineralization at South Arrow have been returned and interpreted. Located just 400 m south of the Arrow Deposit, South Arrow consists of a series of sub-parallel stacked mineralized shears locally anchored by accumulations of semi-massive to massive pitchblend where uranium mineralization has been intersected over a strike length of 290 m. Garrett Ainsworth, Vice-President, Exploration and Development, commented: “These South Arrow assay results confirm multiple high grade uranium mineralized shears encompassed within a robust alteration halo. Mineralization at South Arrow has been encountered over a strike length of 290 m and a vertical extent of approximately 300 m and remains open in most directions. Taking into consideration the size and extent of the alteration halo surrounding uranium mineralization, results of geochemistry and the clay analysis which shows a strong presence of pathfinder elements, additional drilling is planned during winter 2018 at South Arrow.” | |
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