URANIUM: NexGen expands high grade zone at Arrow deposit

SASKATCHEWAN – Vancouver-based NexGen Energy has drilled 37.4 metres of off-scale radioactivity, thus expanding the Arrow deposit high grade A2 domain at its Rook I uranium project in the Athabasca Basin. Hole AR-16-17c4 intersected a dense accumulation of massive pitchblende that measured 37.4 metres of off-scale radioactivity, including a 5.5 metre section measuring >61,000 cps, of which 4.6 metres was continuous. This is one of the best holes every drilled at the Arrow deposit, said NexGen. The A2 high grade domain has 43-101 compliant resources of inferred material containing 120.5 million lb of uranium oxide contained in 41,000 tonnes grading 13.26% U₃O₈. That resource is contained within the Arrow deposit that has an inferred resource of 201.9 million lbs of uranium oxide in 3.48 million tonnes grading 2.64% U₃O₈. Using an Rs-125 spectrometer scintillometer, NexGen has confirmed anomalous uranium radioactivity 1.3 km northeast of the Arrow deposit. The new area, dubbed Cannon,  is coincident with a gravity and weakened VTEM conductor, says the company. All 11 holes drilled at Cannon intersected strong to intense hydrothermal alteration, and four of them returned anomalous radioactivity counts. A week earlier NexGen reported drilling the strongest uranium intercept so far in the A1 shear zone. Hole AR-16-84c1 cut 55.0 metres of total composite mineralization including 8.35 metres that measured between 10,000 and 48,000 cps, the strongest reading ever within the A1 shear zone. Follow the latest news about the Arrow discovery at www.NexGenEnergy.ca.