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NexGen Commences Summer Drilling Program at Arrow
NexGen Commences Summer Drilling Program at Arrow Canada NewsWire VANCOUVER, Jun...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Commences Summer Drilling Program at Arrow\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\n\nCanada NewsWire\nVANCOUVER, June 21, 2018\n\n\n\nVANCOUVER, June 21, 2018 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX:NXE, NYSE MKT:NXE) is pleased to announce that the summer 2018 drilling program has commenced at the 100% Company owned, Rook I property, in the Athabasca Basin, Saskatchewan.  \n\nThe summer 2018 drilling program will target 20,400 m using four diamond drill rigs which is estimated to cost $8.3 million and will focus on three key objectives:\n\n\nTest the newly identified area 160 m northwest of the A0 shear zone where hole AR-18-208c1, the last hole of the winter 2018 drill program, intersected 10.5 m of total composite mineralization including 0.2 m of off-scale radioactivity (>10,000 to 32,800 cps), identifying a potentially entirely new zone of mineralization. \nTest near-Arrow Deposit targets, with systematic wide spaced step-outs from known mineralization. Target areas are along strike to the southwest of AR-16-090c3 which intersected 13.0 m at 8.09% U3O8 and northeast of AR-18-189c4 that intersected 40.0m of total composite mineralization including 3.9m of off-scale radioactivity (>10,000 to >61,000 cps) in the A1 and A2 shear zones. \nDrilling to determine locations for potential shafts including footwall characterization holes. Results will be incorporated into the maiden Pre-Feasibility Study (\"PFS\") to be released late Q3 / early Q4 2018. Target area locations are shown in plan and long section view in Figures 1 to 3. \n\nDevelopment, Activities & Financial\n\n\nPre-feasibility staged technical studies continue to advance, updated Mineral Resource Estimate and maiden Pre-Feasibility Study scheduled for the end of Q3 / early Q4 2018.\nThe Company has cash on hand of approximately $145 million.\n\nTroy Boisjoli, Vice-President, Operations and Project Development, commented: \"This summer's drill program focusses on meeting the following objectives; increasing the order of magnitude und...