Canadian Mining Journal

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URANIUM: NexGen hits 80.52%U3O8, highest grade ever at Arrow zone



SASKATCHEWAN – Vancouver’s NexGen Energy has drilled more than 80% U3O8, the highest grade ever from the Arrow zone at its Rook I property in the Athabasca Basin. The Arrow zone is a series of four sub-vertical mineralized shear zones that are open in all directions.

Drilling in the A2 shear returned the best assays: 80.50% U3O8 over 0.5 metres; 2.48% U3O8 over 80.5 metres including 15.5 metres at 10.01%; 9.72 % U3O8 over 35.5 metres including 30.61% over 11.0 metres and 72.02% over 3.0 metres.

The A3 shear has a total strike length of 295 metres and returned 18.0 metres at 1.48% U3O8.

The A4 shear returned 7.23% U3O8 over 5.0 metres and 2.01% over 19.0 metres

Drilling continues at the Arrow zone, and NexGen says it has about $20 million with which to fund the work. Please see NexGenEnergy.ca.