Canadian Mining Journal

News

URANIUM: NexGen proves continuity in A3 shear and along strike at Arrow



SASKATCHEWAN – Vancouver-based NexGen Energy has reported assay results from 21 recent holes at its Arrow deposit, part of the Rook I property in the Athabasca Basin. Results for 28 holes at Arrow and 31 from South Arrow are pending.

NexGen’s Arrow is the largest undeveloped uranium resource in the Athabasca Basin. (Image: NexGen Energy)

A3 infill drilling returned the best assay to date from the Arrow deposit in Hole AR-17-147c3. It intersected 60.0 metres of 3.79% uranium oxide, including 333.0 metres at 6.51% and 6.0 metres at 17.68%. Hole AR-17-155c2 intersected 18.5 metres at 4.32% U3O8, including 7.0  metres at 11.23%. Hole AR-17-147c2 returned 28.5 metres at 1.74% U3O8, including 5.5 metres at 8.56%.

Step-out drilling conducted in the gaps both to the southwest and northeast proved the continuity of mineralization in both these areas. In the Southwest gap, AR-17-156c1 intersected 32.4 metres of 1.04% U3O8, including 9.0 metres at 2.72%. In the Northeast gap AR-17-129c5 intersected 3.5 metres at 3.37% U3O8, 8.0 metres at 1.54%, and 23.5 metres at 0.97%. Also in the Northeast gap, hole AR-17-129c7 cut 13.0 metres of 1.63% U3O8, including 5.5 metres at 3.80%.

NexGen CEO Leigh Curyer said,  “Arrow’s growth continues.  Together, the project development studies are advancing for the release of a pre-feasibility study scheduled for Q3 2018. The project development team has recently expanded with the appointment of high calibre industry professionals reflecting the nature of the Arrow project as a unique opportunity to contribute to this generational mineral resource.”

Detailed assays are available in the news release of Dec. 11, 2017, posted at www.NexGenEnergy.ca.