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.
[caption id="attachment_1003721250" align="alignleft" width="201"] 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% U3
, including 7.0 metres at 11.23%. Hole AR-17-147c2 returned 28.5 metres at 1.74% U3
, 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% U3
, including 9.0 metres at 2.72%. In the Northeast gap AR-17-129c5 intersected 3.5 metres at 3.37% U3
, 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% U3
, 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.