Business
NexGen Energy Confirms Multiple Broad Zones of Mineralization at South Arrow
VANCOUVER, Jan. 15, 2018 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for the final thirty-
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"VANCOUVER, Jan. 15, 2018 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for the final thirty-one holes from South Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. All assay results from the recently discovered shallow mineralization at South Arrow have been returned and interpreted. Located just 400 m south of the Arrow Deposit, South Arrow consists of a series of sub-parallel stacked mineralized shears locally anchored by accumulations of semi-massive to massive pitchblend where uranium mineralization has been intersected over a strike length of 290 m. South Arrow Highlights 1. AR-17-166c1 intersected 20.5 m at 1.19% U3O8 (182.0 to 202.5 m) including 3.5 m at 6.21% U3O8 (191.5 to 195.0 m) and an additional 24.5 m at 1.46% U3O8 (212.5 to 237.0 m) including 5.0 m at 4.21% U3O8 (221.0 to 226.0 m) and 4.0 m at 3.33% U3O8 (229.5 to 233.5 m) 2. AR-17-160c1 intersected 13.0 m at 2.18% U3O8 (221.5 to 234.5m) including 4.0 m at 6.79% U3O8 (227.0 to 231.0 m) and an additional 19.5 m at 0.34% U3O8 (191.5 to 211.0 m) including 4.0 m at 1.01% U3O8 (201.5 to 205.5 m). 3. AR-17-163c1 intersected 22.5 m at 1.07% U3O8 (241.0 to 263.5m) including 3.9 m at 5.56% U3O8 (256.4 to 260.3 m). 4. AR-17-178c1 intersected 11.0 m at 2.17% U3O8 (149.0 to 160.0 m) including 3.5 m at 6.73% U3O8 (150.5 to 154.0 m) only 142 m below surface. Drill hole locations and a South Arrow long section are shown in figures 1 and 2. Development, Activities & Financial Assay results for the final 28 drill holes from the Arrow Deposit remain pending. Multiple pre-feasibility stage technical studies, including geotechnical work, hydrogeological work, and metallurgy, continue in advance of the maiden Pre-Feasibility Study to be published in Q3/2018. The winter 2018 exploration and development program is scheduled to commence in the coming weeks. The Company has cash on hand of approximately $160 million. Garrett Ainsworth, Vice-President, Exploration and Development, commented: \"These South Arrow assay results confirm multiple high grade uranium mineralized shears encompassed within a robust alteration halo. Mineralization at South Arrow has been encountered over a strike length of 290 m and...