Business
NexGen Commences 35,000 m Summer Drill Program at Rook I and Advances Project Development Activities
NexGen Commences 35,000 m Summer Drill Program at Rook I and Advances Project Development ...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Commences 35,000 m Summer Drill Program at Rook I and Advances Project Development Activities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNexGen Commences 35,000 m Summer Drill Program at Rook I and Advances Project Development Activities\nCanada NewsWire\nVANCOUVER, July 11, 2016\n\n\n\n\n\n\nVANCOUVER, July 11, 2016 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSXV:NXE) is pleased to announce that the Summer 2016 drill program has now begun at our 100% owned, Rook I Property, Athabasca Basin, Saskatchewan. \n\nThe summer 2016 program will be the largest seasonal drilling program at Rook I to date and will be comprised of a minimum 35,000 m of diamond drilling using seven rigs. Six rigs are now fully operational at site with two at Arrow, two at the 180 m southwest area and two regional rigs currently testing the Patterson Corridor southwest of Arrow. The seventh rig is on site and will commence drilling at Arrow shortly.   This summer program is budgeted at $14M and is fully funded with cash on hand of approximately $100M. \n\nThere are three primary objectives of the summer 2016 drill program:\n\n\nCore drilling at the Arrow Deposit using directional drilling technology;\n\nStep-out and exploration drilling at the Arrow Deposit aimed at discovering and delineating new areas of mineralization, \nIn-fill drilling to advance the inferred resource estimate into the indicated category at the Arrow Deposit,\nStep-out drilling 180 m to the southwest of Arrow where extensive massive pitchblende mineralization was recently discovered; \nRegional exploration drilling at several high-potential target areas on the Patterson conductor corridor (Figure 1).  \nIn addition, construction of an all-weather access road from Highway 955 to the Rook I camp and property has been completed.  Development studies are well underway, and the Rook I camp has undergone infrastructure expansion to accommodate increased exploration and development activity.   \n\nLeigh Curyer, Chief Executive Officer, commented: \"The summer drilling p...