• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • 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 Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    NexGen Drills Best Angled Hole to Date at Arrow Zone

    Kristen Moran
    Feb. 24, 2015 03:30PM PST
    Energy Investing

    Most recently, NexGen announced Tuesday its best-ever angled drill hole at Arrow to date, garnering more positive feedback from analysts. The company’s share price was up 13.24 percent by the end of the day.

    Those following NexGen Energy (TSXV:NXE) know that it has previously released high-grade drill results from the Arrow zone at its Rook 1 property. Indeed, hole AR-14-30 was recently dubbed “one of the best holes in Athabasca basin history” by Cantor Fitzgerald. 

    Most recently, NexGen announced Tuesday its best-ever angled drill hole at Arrow to date, garnering more positive feedback from analysts. According to the company’s press release, angled drill hole AR-15-39 intersected 89.15 meters total composite mineralization, including 16.75 meters of off-scale radioactivity (>10,000 to >61,000 cps) within a 436.5-meter section.

    Rob Chang from Cantor Fitzgerald believes that hole AR-15-39 “appears to share the same characteristics as AR-14-15, which discovered mineralization at depth on the A2 mineralized shear that was later traced shallower to hole AR-14-30, which is one of the best holes ever reported in the world.”

    New promising discoveries

    NexGen’s Tuesday report also states that the newly discovered high-grade intersection within the A3 mineralization shear in AR-15-39 has returned 9.75 meters of off-scale radioactivity (>10,000 to >61,000 cps), and represents a 200-meter down-dip extension from high-grade uranium assay intervals in drill holes AR-14-08 and -13.

    “The importance of this new discovery of wide and concentrated high grade uranium mineralization from AR-15-39 within the A3 mineralized shear can’t be overstated,” Garrett Ainsworth, vice president of NexGen, said in the press release. “Visible uranium mineralization (9.75 m of off-scale radioactivity) discovered in the A3 shear with AR-15-39 is analogous to the uranium mineralization that was discovered in the A2 shear with AR-14-15 (4.8 m off-scale radioactivity) during the summer 2014 drill program. Vertical extent of mineralization has now been traced from as shallow as 100 m to depths of 820 m, which continues to show the impressive strength of the uranium mineralizing system that precipitated out into the Arrow zone.”

    According to Haywood Securities, the results from hole Ar-15-39 “provide greater confidence that the scale and intensity of mineralization within the A3 shear is comparable to A2.”

    More results yet to come

    Analysts from both Cantor and Haywood are looking forward to the assay results from hole AR-15-39, as well as results from other outstanding holes from the winter drilling program at Arrow. To date, a total of  5,518.9 meters have been reported from the program, and so far 37 of 39 drill holes at Arrow have intersected uranium mineralization of greater than 500 cps.

    When the company announced its plans for Arrow on January 5, 2015, it reported that a third drill would be deployed mid-January and would move northeast and southwest from Arrow along the Patterson Conductor Corridor, which is 7 kilometers in strike length through the western section of Rook 1. Tuesday’s release confirms that drilling has commenced at a high-priority radon target located 400 meters along strike to the northeast of the Arrow zone.

    At close of day on Tuesday, shares of NexGen were trading at $0.39, up 13.24 percent. The company’s share price has gained approximately 18.5 percent over the past month.

     

    Securities Disclosure: I, Kristen Moran, hold no direct investment in any of the companies mentioned in this article.

    Editorial Disclosure: NexGen Energy is a client of the Investing News Network. This article is not paid-for content.

    Related reading:

    NexGen Energy Extends High-grade Zone at Arrow

    athabasca basincantor fitzgeralddrill resultsuranium investingrob changhaywood securitiestsxv:nxe
    The Conversation (0)

    Go Deeper

    AI Powered

    NexGen Energy Drill Results Hint at District-scale Mineralization

    CanAlaska Announces West McArthur JV Extends Uranium Targets in Latest Drill Program

    CanAlaska Announces West McArthur JV Extends Uranium Targets in Latest Drill Program

    Latest News

    Fortune Bay: Maximizing Shareholder Value in Gold and Uranium

    CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    CORRIGE: CHARBONE Hydrogene acquiert des actifs de production d'hydrogene et cloture une premiere tranche d'un financement par placement prive de 1 M$

    Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

    Alvopetro Announces August 2025 Sales Volumes

    More News

    Outlook Reports

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

    Featured Energy Investing Stocks

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC

    Skyharbour Resources

    SYH:CA

    American Uranium

    AMU:AU
    More featured stocks

    Browse Companies

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