NexGen Energy Reports Assay Results “Among the Best Ever Discovered”

NexGen Energy (TSXV:NXE) reported intersecting 56.5 meters at 11.55 percent U308 including 20 meters at 20.68 percent U308 in hole AR-15-44b at its Arrow zone at its Rook I property.

“NexGen Energy has released assay results for a hole that ranks among the best ever discovered by a uranium company anywhere,” said Rob Chang of Cantor Fitzgerald in an emailed note on the news. “NexGen Energy continues to be our Top Pick and we expect to increase our 91M lbs resource estimate off of this result.”

As quoted in the press release:

AR-15-44b has delivered one of the finest uranium mineralized intersections ever drilled in the Athabasca Basin, and is the most continuously mineralized intersection of any hole drilled at the Arrow zone to date. Assays are presented in Table 1, a plan map of the Arrow zone is shown in Figure 1, long sections of the A2 and A3 high grade core zones are shown in Figures 2 and 3, respectively.

NexGen Vice-President of Exploration and Development, Garrett Ainsworth, said:

This worldclass result from AR-15-44b will add substantial size to the rapidly developing Arrow zone. When increasing the internal dilution from 2.0 m to 4.5 m, this drill hole returns a total composite interval of 168.5 m at 5.00% U3O8 (455.5 to 624.0 m) representing an estimated true thickness of 43.6 m with only 1.2 m of estimated true thickness internal dilution. The summer 2015 drill program is now underway, and the technical team is excited to continue delineating and expanding the high grade Arrow zone, together with testing the high priority regional geophysical targets.

Click here to read the NexGen Energy (TSXV:NXE) press release