NexGen Returns 13.5 M at 3.94% U308 Including 2.5 M at 20.90% at Harpoon

NexGen Energy (TSX:NXE) has reported assay results from 20 holes from its 2016 drilling program on its 100 percent owned Rook I property in the Athabasca Basin.
As quoted in the press release:

Complete assay results have been received from all holes drilled at the Harpoon discovery and other regional target areas on the Rook I property from the 2016 drill program. At Harpoon, multiple holeshave intersected uraniummineralization as well as encouraging alteration and narrowintervals of uranium mineralization was identified up to 2.3 km south of the Arrow Deposit. The mineralized footprint at Harpoon has been traced over a strike length of at least 340 m on the Rook I property, and remains open in all directions.
Highlights:
Harpoon Discovery

• HP-16-20 (73 m up-dip and northeast from discovery hole HP-16-08) intersected 13.5 m at 3.94% U3O8 (182.5 to 196.0 m) including 2.5 m at 20.90% U3O8 (187.0 to 189.5 m).
• HP-16-08 (Discovery Hole) intersected 17.5 m at 3.89% U3O8 (219.5 to 237.0 m) including 2.5 m at 12.49% U3O8 (224.5 to 227.0 m).
• HP-16-13 (33 m down-dip and southwest from HP-16-08) intersected 18.5 m at 1.17% U3O8(211.5 to 230.0 m).

Furthermore, uranium mineralization has been confirmed for the first time 2.3 km south of the Arrow Deposit (see Figure 3).  Regional holes RK-16-98, -100, -102, -104, -106 and -108 were drilled at a target area featuring a disrupted VTEM conductor and gravity low situated along a steep magnetic gradient, which presents a similar geophysical signature to that of the Arrow Deposit. All holes intersected widespread and intense hydrothermal alteration including near complete clay and silica replacement styles over tens of meters (see news release dated November 2, 2016). Holes RK-16-98 and -108 also intersected narrow zones of low grade uranium mineralization (see Table 1).
Arrow, Activities & Financial

• The 2017 winter program comprising a minimum of 35,000 m using seven drill rigs is currently underway.
• The Company has cash on hand of approximately $64 million.

Click here to read the full press release.