NexGen Hits Off-Scale Radioactivity in Six New Holes, Expands Summer Drill Program to 30,000 Meters

NexGen Energy Ltd (TSXV:NXE) announced radioactivity results from its ongoing summer drill program at Rook I, which saw all six new holes return significant visible mineralization and off-scale radioactivity. The company also announced that it has expanded the drill program an additional 5,000 meters to 30,000 meters to drill test the newly discovered 210 meters southwest extension of Arrow, which will be included in a maiden NI 43-101 resource estimate in first half 2016.
As quoted in the press release:

All six drill holes reported from the Arrow zone in this news release have returned significant visible mineralization and off-scale radioactivity. Importantly, step-out drilling in AR-15-54c1 has intersected substantial high grade mineralization in the A2 shear. Furthermore, step-out drilling in AR-15-56c1 has intersected widespread high grade mineralization in the A3 shear. The Arrow zone remains open in all directions and the Company’s focus for the remainder of the summer season is defining the extensions of high-grade mineralization in both shear zones.

Highlights:

Arrow – A2 and A3 Extensions

• AR-15-54c1 (87 m step-out up-dip and southwest from AR-15-44b) intersected 68.5 m of total composite mineralization including 10.35 m of off-scale radioactivity (>10,000 to >61,000 cps) within a 302.5 m section (437.5 to 740.0 m) marked by significant concentrations of massive pitchblende in the A2 shear.
• AR-15-56c1 (81 m step-out up-dip and southwest from AR-15-44b) intersected 125.0 m of total composite mineralization including 10.95 m of off-scale radioactivity (>10,000 to >61,000 cps) within a 385.5 m section (550.0 to 935.5 m) highlighted by extensive and locally strong pitchblende mineralization in the A3 shear.
• AR-15-54c2 (105 m step-out up-plunge southwest from AR-15-44b) intersected 114.0 m of total composite mineralization including 5.85 m off-scale radioactivity (>10,000 to 53,000) within a 307.0 m section (521.0 to 828.0 m) highlighted by extensive and locally strong pitchblende mineralization in the A3 shear.
• AR-15-53c3 (155 m step-out down-dip from AR-15-44b) intersected 59.0 m of total composite mineralization including 5.5 m of off-scale radioactivity (>10,000 to >61,000 cps) within a 342.5 m section (549.5 to 892.0 m) marked by local concentrations of massive pitchblende in the A2 shear.

Arrow – A2 and A3 Core Delineation

• AR-15-53c2 (91 m below AR-15-44b) intersected 61.5 m of total composite mineralization including 6.55 m of off-scale radioactivity (>10,000 to >61,000 cps) within a 215.5 m section (439.5 to 655.0 m) marked by local concentrations of massive pitchblende in the A2 shear.
• The Arrow zone now covers an area of 645 x 215 m with a vertical extent of mineralization commencing from 100 to 920 m, and it remains open in all directions and at depth. Mineralization is hosted entirely in the basement (a 90 second 3D video of Arrow generated from Leapfrog is available for viewing on the Company website).
• Due to the step out success, the drill program has been expanded to 30,000 m with all five rigs now focused on Arrow in order to incorporate the 210 m extension to the southwest from AR-15-44b into an initial resource estimate scheduled for the first half of 2016.

Leigh Curyer, CEO of NexGen commented:

The expansion of the summer drilling program to 30,000 m is a function of the successful discovery of broad zones of mineralization 50, 100 and 210 m southwest from AR-15-44b. Additional drilling is now required to include this new southwest extension in our maiden resource estimate which we anticipate within the first half of 2016. Also, the Rook I camp infrastructure is undergoing significant expansion in order to accommodate the expanded program, including additional core storage and personnel. This is a very exciting time for the team and our shareholders.

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