NexGen Discovers New Zones of Uranium Mineralization at Rook I, Athabasca Basin

NexGen Energy Ltd. (TSXV:NXE) discovered new zones of uranium mineralization within a second hole in the Arrow prospect at the Rook 1 project in the Athabasca Basin. The known zone of uranium mineralization has been extended down dip and along strike.

• Multiple sections of high cps total count gamma spectrometer readings including one zone totaling 15.05 meters (containing several intercepts greater than 10,000cps) of radioactive anomalism
• Arrow mineralised zone is currently extended to a minimum 32 meters down dip across two holes
• Structural interpretation validated

As quoted in the press release:

The first hole at Arrow, RK-14-21 (as previously reported on Sedar, February 24, 2014), was completed at 663.0m. It intersected uranium-mineralised brecciated structural zones over several zones downhole, including 26.2m from 204.8-231.0m, 0.6m from 318.5-319.1m, 26.8m from 517.9-544.5m, and 4.0m from 580.0-584.0m. Four further holes have been completed at Arrow (holes RK-14-24, -25, -26, and -27) (see Figure 1).

The most recent hole, RK-14-27, was completed to a depth of 576m. It intersected uraniferous structurally-disturbed zones similar to the zones in hole RK-14-21, and interpreted to be continuations of those zones. These include downhole radioactively anomalous intercepts in RK-14-27 of 0.25m from 224.45-224.70m, 15.05m from 240.65-255.70m (Figs 2 and 3), 1.25m from 359.20-360.45m, and 0.20m from 435.70-435.90m.

Andrew Browne, NexGen’s Vice-President, Exploration and Development, commented, “The structural interpretation of uranium mineralised zones at Arrow has been validated. We are greatly encouraged by this confirmation of both along strike and down dip extensions, and by the preliminary thickness and strength of the radioactivity. Further drilling at Arrow is designed to continue to confirm the strike and dip extent of this newly discovered uranium mineralised prospect.”

NexGen CEO, Leigh Curyer, said:

Andrew Browne, James Sykes and Matthew Schwab (the core NexGen technical team) have done a terrific job in only the 5 holes drilled to date at Arrow. The arrival of a third drill rig for the summer program will significantly expedite the results and potential of Arrow and the other identified geophysical targets on the western section of Rook I.

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