NexGen Assays Return 50 Meters at 12.01 Percent U3O8

NexGen Energy (TSXV:NXE) announced the assay results from six angled drill holes from the recently expanded summer drill program at its Rook 1 property, which delivered substantial continuous high-grade uranium mineralization.
As quoted in the press release:

Hole AR-15-49c2 has delivered substantial continuous high-grade uranium mineralization in the A2 shear similar to that encountered in hole AR-15-44b (see News Release dated June 15, 2015) and at shallower depth. Both holes are amongst the best uranium intersections drilled in the Athabasca Basin. In addition, hole AR-15-48c1 has returned broad and extensive uranium mineralization in both the A2 and A3 shears.
The Arrow zone which is entirely basement hosted currently covers an area of 645 m by 215 m with a vertical extent of mineralization commencing from 100 to 920 m, and remains open in all directions and at depth. Geochemical results continue to show highly anomalous gold values and very low deleterious metals content throughout the Arrow zone;
Five rigs continue to turn on the Arrow Zone as part of the 2015 summer drill program recently expanded to 30,000 m;

Leigh Curyer, CEO of NexGen, commented:

AR-15-49c2 is another world class hole at the Arrow zone. Our large step outs continue to deliver amazing results on any metric for a uranium discovery in the Athabasca Basin. This has all been accomplished in comparatively very few holes and low cost for a discovery of this nature and it’s a credit to the entire team. We have a significant amount of additional work to complete before we can begin to determine the eventual scale of Arrow. With a treasury of $23M, our current and future programs throughout 2016 are well funded to achieve that goal and develop this rapidly emerging world class uranium discovery.

Click here to read the full NexGen Energy (TSXV:NXE) press release.