The Conversation (0)
NexGen Energy (TSXV:NXE) reported results from its last drill hole of its winter 2015 program at the Rook I property in Saskatchewan’s Athabasca Basin. Hole AR-15-45b confirmed that the high grade cores of the A2 and A3 shears at Rook I continue to yield wide intervals of high grade uranium mineralization.
As quoted ion the press release, highlights of results include:
- Angled drill hole AR-15-45b intersected 226.0 m total composite mineralization including 9.80 m off-scale radioactivity (>10,000 to 54,000 cps) within a 468.0 m section (391.0 m to 859.0 m);
- The high grade core of the A2 shear is thus far defined by an 88 m strike length, 340 m vertical extent, and true widths ranging from approximately 11.0 to 48.3 m;
- The high grade core of the A3 shear is thus far defined by a 73 m strike length, 420 m verticalextent, and true widths ranging from approximately 30.0 to 78.6 m;
- The Arrow zone is currently at an area of 515 x 215 m with the vertical extent of mineralization commencing from 100 to 920 m, and it remains open in all directions and at depth;
- Upon the completion of the winter 2015 drill program, 44 of 46 drill holes completed at Arrow have intersected uranium mineralization (as defined by uranium assay or the presence of >500 cps radioactivity using an RS-125 gamma spectrometer).
- Assay results of 8 holes drilled at Arrow are pending
- Drilling will re-commence early June 2015 with five rigs for a planned total of 25,000 m.
NexGen CEO, Leigh Curyer, said:
The completion of drill hole AR-15-45b wraps up a successful winter 2015 drill program. The delivered results indicate Arrow is developing very expediently into a significant resource. In addition, the program delivered the new Bow discovery 3.7km north east of Arrow. I would like to take the opportunity to congratulate all the NexGen employees and contractors involved in contributing to a very successful winter 2015 drilling season. The Company is on track to deliver an initial resource for Arrow prior to year end 2015.
Click here to read the NexGen Energy (TSXV:NXE) press release