SASKATCHEWAN – Vancouver’s NexGen Energy is planning a seven-rig, 35,000-metre drill program at its Rook I uranium property in the Athabasca Basin. The program is budgeted at $14 million.
This is the largest drill program undertaken to date at Rook I. Two rigs are at the Arrow deposit, two are 180 metres southwest of that area, another pair is testing the Patterson Corridor, and the seventh rig will begin drilling at Arrow shortly.
NexGen has three objectives it hopes to fulfil this summer.
- Coring at the Arrow deposit, both in-fill drilling to upgrade resources and step-out drilling to discover new areas of mineralization;
- Step-out drilling 180 metres southwest of the Arrow deposit where extensive massive pitchblende mineralization was recently discovered; and
- Regional exploration at several high potential targets on the Patterson conductor.
As activity increases at the Rook I camp, the facilities and infrastructure have been expanded, and the all-weather road from Highway 955 to the camp is completed.
NexGen continues to advance Rook I, with geotechnical, metallurgical, consultation, and environmental studies currently underway. These studies will form the basis of further development work including economic studies and permitting activities in the future.
The maiden inferred resource at the Arrow deposit is 201.9 million lb of uranium oxide contained in 3.48 million tonnes grading 2.63% U3O8. Rook I also hosts the March 2015 Bow discovery which is 3.7 km along trend.
More detailed information is available at www.NexGenEnergy.ca.