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NexGen Energy Ltd. (TSXV:NXE) released further assay results from its Winter 2015 program at at the Arrow zone, Rook I property in the Athabasca Basin in Saskatchewan. The high grade cores within A2 and A3 shears have been expanded, and confirmed and exceeded expectations with assay results from angled drill holes AR-15-39, -39w1, and -41. An angled drill hole has confirmed the presence of high grade uranium at the northeast edge of the Arrow zone. Preparations are underway for a five-rig drill program slated to start in early- to mid-June.
As quoted in the press release:
Highlights:
(Note: given that some holes go through both the A2 and A3 shears, they have been split to show the intersections in each shear to assist the reader)
Angled holes
A2 Shear
AR-15-41 assays 57.0 m at 2.31% U3O8 (408.0 to 465.0 m) including 16.5 m at 7.43% U3O8;
AR-15-39 assays 27.0 m at 2.82% U3O8 (622.5 to 649.5 m);
AR-15-39w1 assays 26.0 m at 1.85% U3O8 (627.5 to 653.5 m);
A3 ShearAR-15-41 assays 20.5 m @ 4.30% U3O8 (739.0 to 759.5 m);
AR-15-39 assays 29.5 m @ 2.27% U3O8 (804.5 to 834.0 m);
Northeast Edge of ArrowAR-15-40b assays 11.5 m at 0.99% U3O8 (596.0 to 607.5 m);
The Arrow Zone is currently 515 m by 215 m with the vertical extent of mineralization commencing from 100 m and extending down to 920 m, and remains open in all directions;
Preparations are underway for the expanded five rig summer 2015 drill program to start in early- to mid-June.Garrett Ainsworth, NexGen’s Vice-President, Exploration and Development, commented “These latest assays from the A2 and A3 high grade cores are impressive, and will greatly contribute to the growth of Arrow. In addition, drill hole AR-15-40b has shown excellent potential for Arrow to expand in strike length further to the northeast. We are very much looking forward to the summer 2015 drill campaign, where planning has included directional drilling of the A2 and A3 high grade cores, strike length extensions of Arrow, and aggressively testing highly prospective regional targets along the Patterson and Derkson conductor corridors.”
NexGen Energy CEO, Leigh Curyer, said:
This batch of assays provide further evidence of how the A2 and A3 shears are developing in size and grade. We look forward to the receipt of the remaining assays from the winter 2015 program which includes holes AR-15-42a, 43a, 44b and 45b. The bi-annual technical review of the results of the winter exploration program has been completed and the Company is targeting an initial resource at Arrow before the end of Q4 2015 or Q1 2016.
Click here to read the NexGen Energy Ltd. (TSXV:NXE) press release
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