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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Harpoon | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 3/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Harpoon deposit at the Rook I project. Drilling results incl. 17.5m @ 3.89% U3O8 from 219.50m. NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, OTCQX:NXGEF) is p | |
| Resources: | (Resource): 1.8Mt @ 6.88% U3O8 (Ind.) and 4.25Mt @ 1.30% U3O8 (Inf.) at Arrow | |
| CP/QP: | [Overall Report]: Garrett Ainsworth (Internal) | |
| ABSTRACT: | NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, OTCQX:NXGEF) is pleased to report assay results for 20 holes from our 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Complete assay results have been received from all holes drilled at the Harpoon discovery and other regional target areas on the Rook I property from the 2016 drill program. At Harpoon, multiple holes have intersected uranium mineralization as well as encouraging alteration and narrow intervals of uranium mineralization was identified up to 2.3 km south of the Arrow Deposit. The mineralized footprint at Harpoon has been traced over a strike length of at least 340 m on the Rook I property, and remains open in all directions. Furthermore, uranium mineralization has been confirmed for the first time 2.3 km south of the Arrow Deposit. Regional holes RK-16-98, -100, -102, -104, -106 and -108 were drilled at a target area featuring a disrupted VTEM conductor and gravity low situated along a steep magnetic gradient, which presents a similar geophysical signature to that of the Arrow Deposit. All holes intersected widespread and intense hydrothermal alteration including near complete clay and silica replacement styles over tens of meters. Holes RK-16-98 and -108 also intersected narrow zones of low grade uranium mineralization. | |
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