The Conversation (0)
NexGen Energy Ltd. (TSXV:NXE) has reported that its 2014 summer drill program, totaling 18,885.8 meters over 33 drill holes on the Rook I property is now complete. The company has released results from the last two drill holes of the program.
As quoted in the press release, highlights from drill results include:
- AR-14-32 intersected 123.90 m total composite mineralization including 10.13 m off-scale radioactivity (>10,000 cps) within a 343.45 m section (328.15 to 671.60 m).
- AR-14-31 intersected 107.9 m total composite mineralization within a 460.35 m section (186.00 to 646.35 m).
- Strike length extension of the concentrated high grade uranium mineralization encountered in AR-14-30 has been confirmed.
- RK-14-37 assays 1.08% U3O8 over 18.25 m (456.80 to 475.05 m), 1.31% U3O8 over 11.85 m (522.40 to 534.25 m), and 5.35% U3O8 over 4.60 m (569.6 to 574.2 m).
- 30 of 32 drill holes completed at Arrow to date have intersected uranium mineralization.
- SRK Consulting Inc. has been retained to review all data on the Arrow zone to assist with the optimization of targeting in future drill programs.
- Working capital of $6.5 million.
NexGen CEO, Leigh Curyer, said:
I commend the expertise and dedication of the entire NexGen team in developing Arrow in only 32 holes. An extensive primary area of mineralization has been delineated early in the summer and now in the final phase of the program, the team has identified a very intensive high grade zone within this delineated area. We look forward to receiving the remaining assays from the “AR” designated holes and planning for the winter drill program.
Click here to read the NexGen Energy Ltd. (TSXV:NXE) press release
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