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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow South | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-11-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow South deposit at the Rook I project. Drilling results incl. 43.0m @ <500 - >61000cps from 429.50m. Vancouver, BC, November 30, 2017 – NexGen Energy Ltd. (“NexGen” | |
| 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, November 30, 2017 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report radioactivity results for the final forty holesfrom South Arrow and Arrow as part of our now concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. D Systematic drilling at the recently discovered South Arrow has intersected uranium mineralization at continued shallow depths. South Arrow is comprised of multiple, stacked mineralized horizons and high grade mineralization occurs as accumulations of semi-massive to massive pitchblende similar to the Arrow Deposit. South Arrow remains largely open and off-scale radioactivity has been intersected over a strike length of currently 290 m.rilling at Arrow has intersected strong mineralization in multiple areas including step-out holes drilled in key mineral resource expansion areas in the southwest gap, northeast gap and within the A3 shear. The Arrow Deposit remains open in most directions. Garrett Ainsworth, Vice-President, Exploration and Development, commented: “The summer 2017 drill program objectives have been successfully achieved in balancing indicated resource growth in the A3 High Grade Domain while expanding inferred resource growth at Arrow. The added bonus of discovery and expansion of South Arrow suggests significant potential for resource growth within close proximity to the Arrow Deposit. A recently completed ground 3D resistivity survey over South Arrow focusing to the south west has highlighted the significant prospectivity of the Patterson Corridor along strike from Arrow and South Arrow which is yet to be tested.” | |
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