NexGen Energy has released the radioactivity results for an additional thirty-seven holes from the company’s feasibility-stage drilling program.
Uranium explorer NexGen Energy (TSX:NXE,NYSEMKT:NXE) has released the radioactivity results for an additional thirty-seven holes from the company’s feasibility-stage drilling program at the Rook I property in the Athabasca Basin of Saskatchewan.
As quoted from the press release:
The Phase I resource component of the 2019 Feasibility stage program has completed 117 holes totaling 50,968 m. Utilizing new directional drilling technology, AziDrill, the Company was able to reduce the metres required for Phase I conversion by 28 percent due to the ability to target mineralization more accurately with deeper directional cuts from the pilot hole.
Further, an additional 14 holes of 6,314.4 m were completed designed to geotechnically and hydrogeologically characterize the rock mass within areas of the proposed mine workings and the Underground Tailings Management Facility (“UGTMF”).
In total, the 2019 Phase I winter drilling program comprised 131 completed holes totaling 57,282.4 m.
Phase I: Conversion of Indicated to Measured Mineral Resources
This current phase of the 2019 drilling program targeted the A2 and A3 High-Grade Domains for conversion of Indicated to Measured Mineral Resources within the proposed mine plan at a drill hole spacing of between 9.0 m and 16.7 m (based on a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions). All drill holes were collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology. The results below highlight intersections through each of the A2 and A3 High Grade Domains, respectively.