• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • NORTH AMERICA EDITION
    Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • NORTH AMERICA EDITION
    North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Company Market
Company News
Company Stocks
  • Company Market
  • Company News
  • Company Stocks

NexGen Begins 25,000 Meter Summer Drill Program at Arrow Zone

Kristen Moran
Jun. 08, 2015 09:56AM PST
Company News

NexGen Energy Ltd. (TSXV:NXE) announced that it has began its summer drilling program at the Arrow Zone of its Rook 1 property in the Athabasca Basin. The drill program will use five diamond drill rigs, with two currently operating and the other three expected to begin turning by June 20.

NexGen Energy Ltd. (TSXV:NXE) announced that it has began its summer drilling program at the Arrow Zone of its Rook 1 property in the Athabasca Basin. The drill program will use five diamond drill rigs, with two currently operating and the other three expected to begin turning by June 20.

As quoted in the press release:

The exploration target at Arrow consists of high grade uranium mineralization hosted in basement rocks starting at approximately 100 meters below surface. The Rook I property is prospective both in the immediate area of the Arrow zone, and further along strike (4 km to the NE and 3 km to the SW) from Arrow which is open for potential expansion in all directions. Rook I straddles the edge of the Athabasca Basin boundary which gives rise to not only basement-hosted mineralization targets, but also to unconformity-style and sandstone-hosted mineralization targets with a plethora of northeasterly striking EM conductors existing within largely untested corridors (Derkson, R-Seven, Morrow, Mirror, Laurie) that show favourable breaks and flexures within coincident gravity and magnetic lows.

Two of the three rigs working at Arrow will employ directional drilling methods administered by TECH Directional Services Inc. of Millertown, Newfoundland, who will work closely with diamond drilling contractor Aggressive Drilling Ltd. of Saskatoon, Saskatchewan during the summer program. The implementation of directional drilling at Arrow will allow for precise and systematic testing of the A2 and A3 shears, and is expected to result in significantly increased drilling efficiency in terms of time and total cost.

Leigh Curyer, CEO of NexGen Energy, commented:

The commencement of our summer drilling program which is the largest to date at Rook I, represents an exciting time for NexGen and our shareholders. We anticipate this program to culminate in delivering an initial National Instrument 43- 101 compliant resource at Arrow. The regional targets along are the culmination of a dedicated review of geophysical and historical data and fits well with our team’s focused exploration philosophy.

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

athabasca-basin tsxv-nxe directional-drilling
The Conversation (0)

Go Deeper

AI Powered
Canadian and Saskatchewan flags waving under a clear blue sky.

15 Uranium Companies Exploring Canada's Athabasca Basin

Basin Energy Logo

Basin Energy

Latest News

Outlook Reports

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
    • Electric Vehicles
  • Agriculture
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Energy
    • Uranium
    • Oil and Gas
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Robotics
    • Crypto
    • Cleantech
Life Science
    • Biotech
    • Cannabis
    • Pharmaceuticals

Featured Stocks

More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES