NexGen Energy to Continue Drilling at Arrow, Begin Construction of Access Road

NexGen Energy (TSXV:NXE) will drill continuously through spring break-up at its Arrow deposit through to the commencement of summer. The company will also begin construction of an all-season access road to its Rook 1 property, having recently been approved and issued the necessary permit.
As quoted in the press release:

As a result of the winter 2016 program success, the Company has decided to continue its drill program uninterrupted through the shoulder season of mid-April to early-June before the summer 2016 program is scheduled to begin. This shoulder season program will comprise 7,500 m drilled with three diamond drill rigs, that will all be utilizing TECH directional drilling. This program will focus on the 180 m southwest extension of Arrow (see News Releases dated March 15 and 30, 2016) and the infilling the A2 High Grade Domain (which includes the higher grade A2 sub-zone). The budget for this program is $3 million.
Additionally, NexGen is pleased to announce it has been approved and issued a permit by the Saskatchewan Ministry of Environment to construct an all-season access road from Provincial Highway 955 to the Rook I Project, which will span approximately 13 km that will primarily utilize existing trails. This road will support the rapidly developing Arrow Deposit and further optimize exploration and development at the Rook I property, in a highly capital efficient manner. Construction of this access road will commence shortly and scheduled to take approximately two months to complete with a budget of $1.25 million.
NexGen has $34 million cash on hand and is well funded for all planned drilling and development programs well into 2017.
Garrett Ainsworth, Vice-President, Exploration and Development, commented: “The winter 2016 drill program has been exceptionally successful. We are very pleased to continue drilling in between the winter and summer 2016 programs. The ability to drill through Spring break-up at the Arrow Deposit is attributed to its land based location with overburden that has good drainage.”
Leigh Curyer, Chief Executive Officer commented: “The decision to continue drilling uninterrupted is in direct response to the high level of success we have had this winter program with the infill of the A2 High Grade Domain and the newly discovered southwest extension at Arrow. The decision to construct the all weather road to the Project reflects our commitment to exceptionally high standards of operations incorporating safety as our priority. We would like to thank the Saskatchewan Ministry of Environment for their diligent work in processing our permit application for our camp access road as we progress Arrow along its development path.”

Click here for the full press release.