NexGen Energy Ltd. (TSXV:NGE) has reported ongoing results from its summer 2014 drilling program at its wholly owned portion of the Rook I property. Highlights included the intersection of 51.3 m total composite mineralization including 0.35 m off-scale radioactivity (>10,000 cps) within a 284.45 m section, representing the shallowest mineralization intersected to date.
As quoted in the press release:
A total of 8,900.4 m has been drilled at the Arrow zone in 22 holes as of July 27th, 2014 (Figure 1). The drill hole numbering sequence has now been changed to differentiate Arrow drill holes (AR-14-XX) from regional drill holes (RK-14-XX). An additional eight drill holes (AR-14-15 to -20, -21a, -22) have been completed, and one was abandoned at depth (AR-14-21), since the July 7th, 2014 news release on initial drilling results. Drill hole details and spectrometer (handheld RS-125) results are summarized in Table 1. An additional 558.0 m of drilling in two holes (RK-14-41 and -42) has been completed on regional targets within the Rook I property, which is also reported in this news release.
NexGen CEO, Leigh Curyer, said:
These results reflect NexGen’s approach of aggressively stepping out long distances to optimize the discovery cost efficiently and our team’s confidence in the mineralized system. At close to a 100% hit rate of drilled holes intersecting uranium over such a large area and in this round identifying the most intense and shallowest mineralization to date, it is a hugely exciting time for the Company. The increase in the program by 5,000 m to 18,500 m this summer will provide even more valuable data in the near term with respect to the resource potential of this exciting discovery.