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NexGen Commences Largest Drill Program at Arrow and Expands Site Infrastructure at Rook I
NexGen Commences Largest Drill Program at Arrow and Expands Site Infrastructure at Rook I ...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Commences Largest Drill Program at Arrow and Expands Site Infrastructure at Rook I\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 Largest Drill Program at Arrow and Expands Site Infrastructure at Rook I\nCanada NewsWire\nVANCOUVER, Jan. 7, 2016\n\n\n\n\n\n\n\n\n\n\n\n\nVANCOUVER, Jan. 7, 2016 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSXV:NXE, OTCQX:NXGEF) is pleased to announce the winter 2016 drill program has now commenced at the 100% owned, Rook I Property, Athabasca Basin, Saskatchewan. In addition, the Rook I camp has undergone significant improvements leading into this year's program to facilitate an increase in the number of rigs, improve logistical support and the continued optimization of operations.\n\nThe winter 2016 drill program will comprise of 30,000 m of drilling and an increase to six diamond drill rigs making it the most number of rigs ever operated at Arrow.  The Company has cash on hand of approximately $34M as at January 1, 2016.  \n\nThere are three primary objectives of the winter 2016 drill program budgeted at $12M;\n\n\n\nCore drilling at Arrow Zone;\n\nDelineating the higher grade A2 sub-zone (the \"Sub-Zone\"), \nDrill testing extensions of the A2 and A3 high-grade shears further southwest, \nTesting for flat lying mineralization at the basement unconformity further northeast.\nStep-out drilling along strike from the Arrow zone along the 9 km Patterson corridor on Rook I. \nDrill the Bow discovery.\n\nLeigh Curyer, Chief Executive Officer, commented: \"Given the successful 2015 results at Arrow, it has clearly justified expanding the drilling program and improving camp infrastructure at Rook I to support the continued optimization of the project.   The addition of a sixth rig makes this winter's program the largest ever at Arrow.  Moreover, we have initiated baseline environmental monitoring studies, metallurgical and geotechnical studies for 2016. It is going to be a very exciting year for the Company and shareholders.\" \n\nCore Drilling at Arrow Zone:\n\nThree rigs ...