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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Harpoon, Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-4-2017: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Harpoon, Arrow deposit at the Rook I project. Drilling results incl. 17.50m @ 3.89% U3O8 from 219.50m. NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXG | |
| Resources: | (Resource): 1.18Mt @ 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 Garrett Ainsworth, Vice-President, Exploration and Development, commented: “With only 24 drill holes, Harpoon has the potential to be a new uranium zone and speaks to how fertile the Patterson Corridor is for high-grade uranium. The ZTEM survey over the Patterson Corridor is a dynamic layer of geophysical data which complements our existing data, and will be used to further refine regional targets along the Patterson Corridor in the future.” Leigh Curyer, Chief Executive Officer, commented: “The Harpoon assays and the early results 2.3km to the southwest of Arrow highlight the vast prospectivity of the entire Patterson Corridor of which NexGen owns 9km of strike on the Rook I property. With the recent updated mineral resource estimate validating Arrow as a strategic mineral asset, but in the early stage of ultimate definition, it demands 100% of the focus and metres given its obvious growth potential. Without taking anything away from these terrific results at Harpoon and the clear potential for additional discoveries along the Patterson Corridor, the winter 2017 campaign is focused within a 1 km radius of Arrow where the growth is evidenced by the recent results of broad and sub interval high-grade intercepts in the A2 and A3 shears to the northeast and also to the southwest towards the 180 m zone.” | |
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