|NexGen Energy Ltd. - NXE.t is a uranium exploration and development company in the Athabasca Basin in Saskatchewan, Canada. |
The Company's focus is on the flagship Rook I property. The Arrow deposit is hosted on the Rook I project. It has an Inferred mineral resource estimate of 3.48Mt containing 201.9Mlbs U3O8 grading 2.68% U3O8 including a high-grade core of 0.410Mt containing 120.5Mlbs grading 13.26% U3O8
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, OTCQX:NXGEF) is pleased to report assay results for 14 holes from our highly successful summer drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.
Assays continue to confirm that holes drilled at the Arrow Deposit are strongly mineralized both inside and outside the A2 High Grade Domain as well as in other shears at Arrow including the A1 (see Figure 1). Of key importance, scissor hole AR-16-98c2 returned 73.5 m at 7.59% U3O8 including 26.5 m at 20.27% U3O8 and 10.0 m at 51.40% U3O8 both inside and outside the A2 High Grade Domain. This represents a continuous grade x thickness ("GT" in U3O8 x meters) of 558 which is the best interval drilled in any scissor hole (azimuth from southeast to northwest) at Arrow to date. Additionally, hole AR-16-96c2 returned 57.5 m at 4.17% U3O8 including 10.0 m at 15.73% U3O8 which was also intersected inside and outside of the A2 High Grade Domain.