URANIUM: NexGen releases maiden resource for Arrow deposit

SASKATCHEWAN – NexGen Energy of Vancouver has released the maiden mineral resource estimate for its Arrow uranium deposit at its Rook I project […]
Isometric view of the Arrow uranium deposit.

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[caption id="attachment_1003713675" align="alignright" width="296"]Isometric view of the Arrow uranium deposit. Isometric view of the Arrow uranium deposit.[/caption] SASKATCHEWAN – NexGen Energy of Vancouver has released the maiden mineral resource estimate for its Arrow uranium deposit at its Rook I project on the southwest rim of the Athabasca Basin. The inferred resource is 3.48 million tonnes grading 2.63% U3O8 and containing 201.9 million lb of uranium oxide. Included in the total is a high grade portion of 410,000 tonnes that grades 13.26% U3O8. The high grade portion in itself contains 120.5 million lb of uranium oxide. A cut-off grade of 0.25% was used in the calculations. The basement hosted Arrow deposit was discovered in February 2014. It is composed of several stacked lenses with an overall strike length of 645 metres, according to NexGen. Individual lenses vary in thickness from 4 to 25 metres. More information is available at www.NexGenEnergy.ca.

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