NexGen Energy Reports Continuous, High Grade Uranium Mineralization Within A2 Mineralized Shear at Arrow Zone

- March 17th, 2015

NexGen Energy Ltd. (TSXV:NXE) reported assay results for the first four drill holes from the winter 2015 program conducted at the Arrow zone in the Rook I property, Athabasca Basin, Saskatchewan. Drill hole AR-15-34b assayed 70.0 m at 2.2% U3O8 (522.0 to 592.0 m) including 11.0 m at 8.95% U3O8 (560.5 to 571.5 m) – it showed continuous, broad, high-grade uranium mineralization within the A2 mineralized shear, which is the widest high grade interval returned to-date.

NexGen Energy Ltd. (TSXV:NXE) reported assay results for the first four drill holes from the winter 2015 program conducted at the Arrow zone in the Rook I property, Athabasca Basin, Saskatchewan. Drill hole AR-15-34b assayed 70.0 m at 2.2% U3O8 (522.0 to 592.0 m) including 11.0 m at 8.95% U3O8 (560.5 to 571.5 m) – it showed continuous, broad, high-grade uranium mineralization within the A2 mineralized shear, which is the widest high grade interval returned to-date.

As quoted in the press release:

Highlights:

Angled holes

AR-15-34b assays 70.0 m at 2.2% U3O8 (522.0 to 592.0 m) including 11.0 m at 8.95% U3O8 (560.5 to 571.5 m);
AR-15-35 assays 18.5 m at 0.33% U3O8 (394.5 to 413.0 m), and 12.0 m at 0.49% U3O8 (553.5 to 565.5 m);

Vertical hole

AR-14-36 assays 51.0 m at 0.32% U3O8 (167.0 to 218.0 m);

The Arrow Zone is currently 515 m x 215 m with the vertical extent of mineralization commencing from 100 m and extending down to 820 m. It remains open in all directions and at depth.

Garrett Ainsworth, NexGen’s Vice-President, Exploration and Development, commented “This first set of assays from the winter 2015 drill program at the Arrow zone have exceeded our expectations. The A2 mineralized shear continues to impress us with what is now our widest high grade interval returned to date from angled drill hole AR-15-34b. The high grade uranium core associated with the A2 structure within Arrow is centered on drill hole AR-14-30 (see October 6th, 2014 news release), and is developing at a staggering pace with this important 30 m step-out to the southwest.”

NexGen Energy CEO, Leigh Curyer, said:

AR-15-34b is the broadest continuous intercept greater than 2% U3O8 to date. Drilling at Arrow will continue to define this high grade zone within the A2 shear and in parallel test the newly discovered high grade zone within the A3 shear (see press release dated February 24, 2015).

Click here to read the NexGen Energy Ltd. (TSXV:NXE) press release
Click here to see the NexGen Energy Ltd. (TSXV:NXE) profile.

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