NexGen Announces Updated Mineral Resource Estimate for the Arrow Deposit

NexGen Energy (“NexGen” or the “Company”) (TSX:NXE, OTCQX:NXGEF) is pleased to announce the results of its updated independent Mineral Resource estimate for the basement-hosted Arrow uranium deposit on the Company’s 100% owned Rook I property in Saskatchewan’s Athabasca Basin.  Based on holes drilled to early November 2016 (AR-14-01 to AR-16-113c2), the estimate comprises an Indicated Mineral Resource of 179.5 M lbs of U3O8 contained in 1.18 M tonnes grading 6.88% U3O8, including the A2 High Grade Core of 164.9 M lbs of U3O8 contained in 0.40 M tonnes grading 18.84% U3O8and an Inferred Mineral Resource of 122.1 M lbs of U3O8 contained in 4.25 M tonnes grading 1.30% U3O8.
As quoted in the press release:

Leigh Curyer, Chief Executive Officer, commented: “Today’s updated Mineral Resource places the Arrow Deposit into a class of its own with respect to grade, resource size, and given the fact its setting is land-based and basement-hosted.  The really exciting part is that Arrow remains in the very early-stages of definition. Results issued most recently on February 23, 2017 that are not included in today’s resource update, together with the 180 m gap area and multiple untested areas demonstrate many years of drilling remain ahead of the Company before the true extent of Arrow can be determined. As we look ahead to 2017 and beyond, we are committed to our goal of developing the Company into becoming the world’s leading supplier of mined uranium.”

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