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NexGen Energy Intersects 41 Metres of Total Composite Mineralization at Rook I Property
VANCOUVER, Oct. 18, 2017 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSEMKT:NXE) is pleased to report radioactivity results for sixteen ho
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"VANCOUVER, Oct. 18, 2017 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX:NXE, NYSEMKT:NXE) is pleased to report radioactivity results for sixteen holes from South Arrow as part of our on-going summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. Aggressive step out drilling at the recently discovered South Arrow has intersected significant off-scale radioactivity in multiple holes, and has extended the strike length and vertical extent of high grade mineralization to 240 m and 185 m, respectively. High grade uranium mineralization occurs as accumulations of semi-massive to massive pitchblende similar to that seen in the High Grade Domains of the Arrow Deposit. AR-17-166c1 (250 m up-dip and southwest of discovery hole AR-17-151c1) intersected 41.0 m of total composite mineralization including 6.2 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 54.0 m section (182.5 to 236.5 m). This is the shallowest significant off-scale mineralization encountered anywhere on the Rook I property. AR-17-160c1 (203 m up-dip and southwest of discovery hole AR-17-151c1) intersected 30.0 m of total composite mineralization including 3.5 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 157.0 m section (192.0 to 349.0 m). AR-17-163c1 (190 m up-dip and southwest of discovery hole AR-17-151c1) intersected 23.0 m of total composite mineralization including 2.2 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 109.5 m section (162.5 to 272.0 m). Two diamond drill rigs remain in operation at South Arrow as the Company continues to aggressively and systematically test this encouraging new zone. A total of eighteen assays remain pending. A South Arrow longitudinal section and plan map with drill hole locations are shown in Figures 1 and 2. Garrett Ainsworth, Vice-President, Exploration and Development, commented: \"Drill hole AR-17-160c1 represents a highly successful 203 m step out to the southwest from the initial discovery hole at South Arrow. The ability to hit high grade mineralization on an aggressive step out of this distance has been a common characteristic of the Arrow Deposit, which is located 400 m to the north of South Arrow on a separate conductor. South Arrow contains a broad alt...