NexGen Energy Reports Radioactivity Results From Step-out Drilling at Arrow

NexGen Energy Ltd (TSXV:NXE) announced radioactivity results from its ongoing summer drilling program at its Rook I property in the Athabasca Basin.
As quoted in the press release:

All five holes reported in this news release have returned substantial mineralization with significant step-outs at Arrow. As a result, the strike lengths of the high grade cores in the A2 and A3 shears have been tripled to at least 300 m and 295 m, respectively. The newly discovered mineralization southwest of Arrow remains open in all directions and at depth.

Highlights:

Arrow – Southwest Extension

• AR-15-48c3 (a 55 m step out to the south west from AR-15-44b) intersected 170.5 m of total composite mineralization including 13.2 m of off-scale radioactivity (>10,000 – >61,000 cps) within a 530.5 m section (483.5 to 1,014 m).
• AR-15-51 (a 100 m step out to the south west from AR-15-44b) intersected 160.25 m of total composite mineralization including 8.0 m of off-scale radioactivity (>10,000 to 47,000 cps) within a 462.5 m section (513.5 to 976.0 m).
• AR-15-52 (a 210 m step out to the south west from AR-15-44b) intersected 60.8 m of total composite mineralization including 4.0 m of off-scale radioactivity (>10,000 to 45,000 cps) within a 394.0 m section (527.5 to 921.5 m).
• AR-15-48c2 (a 50 m step-out up-dip from AR-15-44b) intersected 114.4 m of total composite mineralization including 3.15 m of off-scale radioactivity (>10,000 to 46,000 cps) within a 488.0 m section (423.0 to 911.0 m).

Arrow – A2 and A3 Core Delineation

• AR-15-53c1 intersected 58.5 m of total composite mineralization including 5.25 m of off-scale radioactivity (>10,000 to >61,000 cps) within a 377.5 m section (520.5 to 898.0 m).
• The Arrow zone now covers an area of 645 m by 215 m with a vertical extent of mineralization commencing from 100 to 920 m, and it remains open in all directions and at depth (a 90 second 3D video of Arrow generated from Leapfrog is available for viewing on the Company website);
• Five rigs continue to turn at Rook I as part of the 25,0000 m, $9 Million summer drill program which commenced June 8, 2015;

Leigh Curyer, CEO of NexGen Energy, commented:

The team is obviously excited as to the implications that this latest batch of results has on the size and future growth of the Arrow zone. These holes have tripled the length of the A2 and A3 high grade cores. The drilling methodology of wide step outs continues to intersect significant mineralization. The footprint demonstrates Arrow is a large continuous system of mineralization in both the A2 and A3 shears and is open in all directions. We have a significant amount of additional drilling to perform before we even begin to understand the full scale of Arrow.

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