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NexGen Commences Winter Drill Program At Rook I
NexGen Commences Winter Drill Program At Rook I Canada NewsWire VANCOUVER, Jan. ...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Commences Winter Drill Program 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\n\nCanada NewsWire\nVANCOUVER, Jan. 29, 2018\n\n\n\nVANCOUVER, Jan. 29, 2018 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX:NXE, NYSE MKT:NXE) is pleased to announce that the winter 2018 drill program has begun at our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.\n\nThe winter 2018 program will consist of approximately 25,000 m using eight drill rigs and focus on a number of key objectives. At the Arrow Deposit, drilling will focus on further A3 high grade zone definition, targeting the large untested areas surrounding the A1 – A5 shears, potential extensions of the shears particularly to the north east, and definition of newly discovered high grade mineralization northwest of the A1 shear (see News Release dated January 17, 2018). At South Arrow, drilling will continue to focus on defining the extent of uranium mineralization in all directions. Further, highly ranked geophysical targets on the Arrow, South Arrow and Mirror conductors will be targeted due to the results of geophysical surveys conducted predominantly in 2016 and 2017.\n\nDevelopment, Activities & Financial\n\n\nPre-feasibility staged technical studies including geotechnical work, hydrogeological work, and metallurgy continue in advance of the maiden Pre-Feasibility Study scheduled for Q3/2018.\nThe Company has cash on hand of approximately $155 million.\n\nFigure 1 shows the winter 2018 drilling areas. Figures 2 and 3 show the three-dimensional geophysical signature of the Mirror target area. Figure 4 shows the high priority Area 8 resistivity low anomaly amongst others. The  association of these anomalies and mineralization at Arrow and South Arrow is evident.\n\nLeigh Curyer, Chief Executive Officer, commented: \"The Company is focusing on multiple objectives in 2018 in parallel to drilling at Rook I. Key personnel appointments in 2017 has placed NexGen in a solid position to advance the various components of the Arrow Pre-Feasibility Study and...