Canadian Mining Journal

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URANIUM: NexGen drills 180 metre southwest of Arrow, hits 14.35% U3O8



SASKATCHEWAN – Not to be outdone, NexGen Energy of Vancouver is successfully drilling at its Rook I uranium property, adjacent to Fission’s PLS project. The 10 holes drilled there as part of  the summer program all encountered mineralization. NexGen’s area of interest is a new zone 180 metres southwest of the Arrow deposit.

These were the best results:

  • AR-16-90c3 intersected 13.0 metres at 8.09% U3O8 (710.5 to 723.5 metres) including 10.0 metres at 10.33% U3O8 (710.5 to 720.5 metres) and an additional interval of 5.0 metres at 14.35% (702.5 to 707.5 metres);
  • AR-16-82c3 intersected 6.0 metres at 4.21% U3O8 (752.5 to 758.5 metres) and 6.0 metres at 3.46% (672.0 to 678.0 metres) in two distinct intervals;
  • AR-16-77c2 intersected 37.0 metres at 0.63% U3O8 (614.0 to 651.0 metres) including 10.0 metres at 1.79% (623.0 to 633.0 metres); and
  • AR-16-90c2 intersected 3.5 metres at 3.63% U3O8 (774.0 to 777.5 metres).

The land-based Arrow deposit currently covers an area of 870 by 280 metres with vertical mineralization from 100 to 920 metres. It remains open at depth. The maiden resource for the deposit is 3.48 million tonnes averaging 2.64 U3O8 and containing 201.9 million lb of uranium oxide.

Detailed drilling results from the 10 most recent holes are available in the new release dated Aug. 23, 2016, posted at www.NexGenEnergy.ca.