NexGen Energy (“NexGen” or the “Company”) (TSX:NXE, NYSE:NXE) is pleased to announce the commencement of a summer drilling and development program as well as to report assay results for 25 holes from the winter 2017 drilling program at our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.
The summer program will consist of a minimum of 25,000 m of diamond drilling utilizing seven drill rigs. Six rigs are drilling expansion and delineation targets at the Arrow Deposit. The seventh rig is testing the newly identified area 300 m southeast of Arrow.
Drilling in winter 2017 designed to expand Indicated mineral resources in the A2 and A3 shearswas successful with widespread mineralization being intersected in both shears.
Leigh Curyer, Chief Executive Officer, commented:
“On the back of the success of the winter program we now look ahead to our summer activities which include 25,000 m of drilling as well as advanced engineering and environmental studies. Arrow’s current resource base makes it the largest uranium deposit in Canada on a net to operator basis and we look forward to the delivery of the maiden preliminary economic assessment imminently.
Combined with the strategic investment by CEF, we are in the strongest position the Company has ever been in and are well positioned to meet our objective of becoming a major global uranium production source.”