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URANIUM: NexGen finds massive pitchblende in A3 shear at Arrow deposit


SASKATCHEWAN – Next door to the Patterson Lake South property is the Rook I project belonging to Vancouver-based NexGen Energy. That company has seven rigs working on the Arrow uranium deposit, and the results are promising.

High grade mineralization from hole AR-17-136c2 in the A3 shear at the Arrow deposit.

One of the more interesting finds was a dense accumulation of massive to semi-massive pitchblende, the strongest zone of mineralization encountered in the A3 shear to date. The discovery was made in step out scissor hole AR-17-136c2 where a total of 26.0 metres of total composite mineralization was cut including 6.7 metres of off-scale radioactivity that featured 5.3 metres of pitchblende that tested >61,000 cps. The area is open to the northeast.

Step-out holes drilled A2 and A4 shears also returned long intersections (18.5 to 58.0 metres) of total composite mineralization. Sections of the holes gave off-scale radioactivity readings from gaps or outside of the current resource estimate.

None of the drilling completed in 2017 was included in the updated 43-101 resource estimate released on March 6, 2017. That report is posted at www.NexGenEnergy.ca.


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1 Comment » for URANIUM: NexGen finds massive pitchblende in A3 shear at Arrow deposit
  1. Malcolm Rawlingson says:

    No question that this is the best Uranium discovery on the planet. There look to be very few difficulties in mining this ore as it is 100% basement hosted and the latest discovery much shallower. If the latest results are confirmed by assays this may be a billion pound deposit. When Uranium starts its inevitable price increase this mine will be a very valuable asset. 1BN pounds at realistic Uranium prices of $80 a pound means an $80 billion dollar asset. That should make any shareholder ecstatic.

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