NExGen Intersects High Grade Mineralization

NexGen Energy (TSX:NXE, NYSEMARKET:NXE) has released the radioactivity results for the first twenty holes comprising 8,216.5m of the company’s first phase of Feasibility‐stage drilling program at our 100 percent owned, Rook I property in the Athabasca Basin, Saskatchewan.

As quoted from the press release:

Highlights:

Objective I: Conversion of Indicated to Measured in the A2 Sub‐Zone

Nineteen targets have been successfully intersected within the A2 Sub‐Zone.

This current phase of the program focuses on targets intersected at a spacing between 9.0 m and 16.7 m (based on geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions) for indicated mineral resources to be elevated to a Measured Mineral Resource classification. All drill holes intersected the target between ‐55° and ‐ 60° utilizing the latest in directional drilling technology.

The highlights below include composite and off‐scale radioactivity results from the A2 Shear only, for radioactivity results for the entire hole see Table 1: Arrow Deposit Drill Hole Data.

 AR‐19‐225c1 intersected 38.0 m of total composite mineralization including 10.15 m of total composite off‐scale radioactivity (>10,000 to >61,000 cps) within a 91.0 m section (529.0 to 620.0 m) in the A2 Sub‐ Zone. Additionally, of the 10.15 m of off‐scale mineralization intersected in the hole 7.0 m of massive‐ to‐semi massive pitchblende with minimum‐greater‐than‐61,000 cps.

 AR‐19‐224c1 intersected 37.5 m of total composite mineralization including 10.8 m of total composite off‐scale radioactivity (>10,000 to >61,000 cps) within a 97.0 m section (496.0 to 593.0 m) in the A2 Sub‐ Zone. Additionally, of the 10.8 m of off‐scale mineralization intersected in the hole 4.0 m of massive‐to‐ semi massive pitchblende with minimum‐greater‐than‐61,000 cps.

 AR‐19‐224c2 intersected 47.0 m of total composite mineralization including 12.55 m of total composite off‐scale radioactivity (>10,000 to >61,000 cps) within a 98.0 m section (453.0 to 551.0 m) in the A2 Sub‐ Zone. Additionally, of the 12.55 m of off‐scale mineralization intersected in the hole 3.0 m of massive‐ to‐semi massive pitchblende with minimum‐greater‐than‐61,000 cps.

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