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NexGen Energy Drills 60 Metres of 3.7% U3O8 at Rook I Property
VANCOUVER, Dec. 11, 2017 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for 21 holes from Arr
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"VANCOUVER, Dec. 11, 2017 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for 21 holes from Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. A3 Infill Drilling AR-17-147c3 intersected 60.0 m at 3.70% U3O8 (597.5 to 657.5 m) including 33.0 m at 6.51% U3O8 (607.0 to 640.0 m) and 6.0 m at 17.68% U3O8 (634.0 to 640.0 m). This is the best assay to date at the Arrow Deposit in the A3 Shear. AR-17-155c2 intersected 18.5 m at 4.32% U3O8 (560.5 to 579.0 m) including 7.0 m at 11.23% U3O8 (562.0 to 569.0 m) in the A3 shear. AR-17-147c2 intersected 28.5 m at 1.74% U3O8 (604.0 to 632.5 m) including 5.5 m at 8.56% U3O8 (605.0 to 610.5 m) in the A3 shear. Step-Out Drilling Assays from step-out drilling in both the Southwest and Northeast 'Gaps' confirms mineralization is now known to be continuous in both of these resource expansion areas. Southwest Gap Step-Outs AR-17-156c1 intersected 32.5 m at 1.04% U3O8 (670.5 to 703.0 m) including 9.0 m at 2.72% U3O8 (676.5 to 685.5 m) in the Southwest Gap. Northeast Gap Step-Outs AR-17-129c5 intersected 3.5 m at 3.37% U3O8 (757.5 to 761.0 m) and 8.0 m at 1.54% U3O8 (766.0 to 774.0 m) and 23.5 m at 0.97% U3O8 (851.5 to 875.0 m) in the Northeast Gap. AR-17-129c7 intersected 13.0 m at 1.63% U3O8 (783.0 to 796.0 m) including 5.5 m at 3.80% U3O8 (783.0 to 788.5 m) in the Northeast Gap. Drill hole locations and long sections are shown in Figures 1 to 3. Development, Activities & Financial Assay results for 28 holes at the Arrow Deposit and 31 holes from South Arrow remain pending. Multiple advanced-stage technical studies including geotechnical work, hydrogeological work, and metallurgy continue in advance of the maiden Pre-Feasibility Study scheduled to be published in Q3/2018. Planning for winter 2018 development and exploration program is advanced. The Company has cash on hand of approximately $165 million. Garrett Ainsworth, Vice-President, Exploration and Development, commented: \"These Arrow drill assays are impressive results for both the A3 High Grade Domain infill and resource expansion areas in the Southwest and Northeast Gaps. The A3 High Grade Domain is developing very nicely and the continuation of mineralization along b...