PR Newswire
VANCOUVER, July 12, 2017
VANCOUVER, July 12, 2017 /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE:NXE) is pleased to announce the commencement of a summer drilling and development program as well as to report assay results for 25 holes from the winter 2017 drilling program at our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.
Summer Drill Program
The summer program will consist of a minimum of 25,000 m of diamond drilling utilizing seven drill rigs. Six rigs are drilling expansion and delineation targets at the Arrow Deposit. The seventh rig is testing the newly identified area 300 m southeast of Arrow (Figure 1).
There are three primary objectives of summer activities:
In addition, further upgrades to the Rook I camp have been completed during the Spring drilling pause.
NexGen continues to advance Arrow towards development while concurrently expanding the resource base. The Company will undertake further advanced geotechnical, hydrogeological, metallurgical and environmental studies at preliminary feasibility levels. The Company's commitment to community engagement also continues to expand through a number of community supported initiatives targeting employment, education, recreation and health. Rook I camp facilities will continue to expand in 2017 to accommodate all current and near-term development activities.
Winter 2017 Assay Results
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Drilling in winter 2017 designed to expand Indicated mineral resources in the A2 and A3 shears was successful with widespread mineralization being intersected in both shears.
A2 Infill Holes
A3 Infill Holes
A2 High Grade Domain Step-Out Drilling
Step-outs from the A2 High Grade Domain have returned high impact assay results. Holes AR-17-118c2 and AR-17-121c1 both intersected strong mineralization in the A2 shear.
Northeast Gap A2 and A3 Expansion Drilling
Expansion drilling northeast of the Arrow resource domains in the northeast gap has retuned areas of broad mineralization. The northeast gap continues to represent a key resource growth opportunity at Arrow.
A3 Northeast Expansion
Arrow, Activities & Financial
A longitudinal section highlighting target growth areas for summer 2017 is shown in Figure 1. Longitudinal sections and a map showing drill hole locations are shown in Figures 2 to 4. Table 1 shows complete assay results for holes included herein.
Garrett Ainsworth, Vice-President, Exploration and Development, commented: "These latest results confirm and exceed our previously reported drill hole radioactivity results, which we expect will be accretive to the ultimate size of the Arrow Deposit. Much of the winter 2017 program was focused on a first pass of the Northeast and Southwest Gaps, which we plan on following up and expanding with the summer 2017 drill program."
Leigh Curyer, Chief Executive Officer, comment: "On the back of the success of the winter program we now look ahead to our summer activities which include 25,000 m of drilling as well as advanced engineering and environmental studies. Arrow's current resource base makes it the largest uranium deposit in Canada on a net to operator basis and we look forward to the delivery of the maiden preliminary economic assessment imminently. Combined with the strategic investment by CEF, we are in the strongest position the Company has ever been in and are well positioned to meet our objective of becoming a major global uranium production source."
Table 1: Arrow Deposit Assay Results | ||||||||
| | | ||||||
Drill Hole | Athabasca Group - | SRC Geoanalytical Results | ||||||
Hole ID | Azimuth | Dip | Total | From (m) | To (m) | Interval | U3O8 (wt%) | |
AR-17-114c1 | 327 | -70 | 849.50 | 130.00 | 436.00 | 456.00 | 20.00 | 0.22 |
| | | | | 472.00 | 474.50 | 2.50 | 0.25 |
| | | | | 482.00 | 489.00 | 7.00 | 0.07 |
| | | | | 493.00 | 494.00 | 1.00 | 0.05 |
| | | | | 502.50 | 509.50 | 7.00 | 1.10 |
| | | | | 514.00 | 517.00 | 3.00 | 7.10 |
| | | | | 532.50 | 533.50 | 1.00 | 0.03 |
| | | | | 606.50 | 609.50 | 3.00 | 0.13 |
| | | | | 612.00 | 617.50 | 5.50 | 0.15 |
| | | | | 623.50 | 632.50 | 9.00 | 2.24 |
| | | | | 635.00 | 640.00 | 5.00 | 0.44 |
| | | | | 645.50 | 679.00 | 33.50 | 1.64 |
| | | | | 682.50 | 699.00 | 16.50 | 0.15 |
| | | | | 701.50 | 713.00 | 11.50 | 0.28 |
| | | | | 735.00 | 739.00 Werbung Mehr Nachrichten zur NUVEEN ARIZONA DIVIDEND ADVANT Aktie kostenlos abonnieren
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