VANCOUVER, Dec. 11, 2017 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for 21 holes from Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
Arrow Highlights:
A3 Infill Drilling
- AR-17-147c3 intersected 60.0 m at 3.70% U3O8 (597.5 to 657.5 m) including 33.0 m at 6.51% U3O8 (607.0 to 640.0 m) and 6.0 m at 17.68% U3O8 (634.0 to 640.0 m). This is the best assay to date at the Arrow Deposit in the A3 Shear.
- AR-17-155c2 intersected 18.5 m at 4.32% U3O8 (560.5 to 579.0 m) including 7.0 m at 11.23% U3O8 (562.0 to 569.0 m) in the A3 shear.
- AR-17-147c2 intersected 28.5 m at 1.74% U3O8 (604.0 to 632.5 m) including 5.5 m at 8.56% U3O8 (605.0 to 610.5 m) in the A3 shear.
Step-Out Drilling
Assays from step-out drilling in both the Southwest and Northeast ‘Gaps’ confirms mineralization is now known to be continuous in both of these resource expansion areas.
Southwest Gap Step-Outs
- AR-17-156c1 intersected 32.5 m at 1.04% U3O8 (670.5 to 703.0 m) including 9.0 m at 2.72% U3O8 (676.5 to 685.5 m) in the Southwest Gap.
Northeast Gap Step-Outs
- AR-17-129c5 intersected 3.5 m at 3.37% U3O8 (757.5 to 761.0 m) and 8.0 m at 1.54% U3O8(766.0 to 774.0 m) and 23.5 m at 0.97% U3O8 (851.5 to 875.0 m) in the Northeast Gap.
- AR-17-129c7 intersected 13.0 m at 1.63% U3O8 (783.0 to 796.0 m) including 5.5 m at 3.80% U3O8 (783.0 to 788.5 m) in the Northeast Gap.
Drill hole locations and long sections are shown in Figures 1 to 3.
Development, Activities & Financial
- Assay results for 28 holes at the Arrow Deposit and 31 holes from South Arrow remain pending.
- Multiple advanced-stage technical studies including geotechnical work, hydrogeological work, and metallurgy continue in advance of the maiden Pre-Feasibility Study scheduled to be published in Q3/2018.
- Planning for winter 2018 development and exploration program is advanced.
- The Company has cash on hand of approximately $165 million.
Garrett Ainsworth, Vice-President, Exploration and Development, commented: “These Arrow drill assays are impressive results for both the A3 High Grade Domain infill and resource expansion areas in the Southwest and Northeast Gaps. The A3 High Grade Domain is developing very nicely and the continuation of mineralization along both strike directions continues to show significant drilling is required to determine the extent of the mineralized Arrow footprint. ”
Leigh Curyer, Chief Executive Officer, commented: “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. The Company is well positioned to enter 2018 and looking forward to delivering the next stages of exploration growth and project development.”
Table 1: Arrow Deposit Assay Results
Drill Hole
Athabasca Group –
Basement Unconformity
Depth (m)
SRC Geoanalytical Results
Hole ID
Azimuth
Dip
Total Depth (m)
From (m)
To (m)
Interval (m)
U3O8 (wt%)
AR-17-129c5
327
-70
960.50
N/A
616.00
617.00
1.00
0.11
655.00
657.50
2.50
0.12
692.50
693.00
0.50
4.00
728.50
730.00
1.50
0.14
740.00
740.50
0.50
0.46
748.50
751.50
3.00
0.40
754.00
754.50
0.50
0.36
757.50
761.00
3.50
3.37
766.00
774.00
8.00
1.54
777.50
781.00
3.50
1.79
784.50
804.50
20.00
0.07
810.00
814.50
4.50
0.05
851.50
875.00
23.50
0.97
878.50
879.00
0.50
0.07
882.00
892.00
10.00
0.15
901.50
902.00
0.50
0.06
911.00
911.50
0.50
0.04
AR-17-129c6
327
-70
876.50
N/A
595.00
595.50
0.50
0.05
710.50
711.00
0.50
0.06
735.50
736.00
0.50
0.02
778.00
778.50
0.50
0.02
817.00
817.50
0.50
0.02
AR-17-129c7
327
-70
960.50
N/A
649.50
650.50
1.00
0.05
668.00
669.50
1.50
0.06
676.00
678.50
2.50
0.40
704.50
705.50
1.00
0.24
731.00
731.50
0.50
3.02
736.00
736.50
0.50
0.04
765.50
766.00
0.50
0.01
783.00
796.00
13.00
1.63
incl.
783.00
788.50
5.50
3.80
804.00
819.50
15.50
0.04
829.50
831.00
1.50
0.10
856.50
857.00
0.50
0.07
906.00
906.50
0.50
0.04
AR-17-143c2
147
-70
729.50
N/A
558.00
558.50
0.50
0.03
561.50
563.00
1.50
0.11
AR-17-143c3
147
-70
974.00
N/A
662.00
664.00
2.00
0.09
667.00
673.00
6.00
0.21
677.00
677.50
0.50
0.06
682.00
704.50
22.50
0.17
incl.
689.50
697.50
8.00
0.36
712.50
713.50
1.00
0.11
742.50
743.00
0.50
0.15
772.50
773.00
0.50
0.18
813.00
813.50
0.50
0.03
855.00
860.00
5.00
0.02
863.50
868.50
5.00
0.04
885.50
886.50
1.00
0.03
924.00
928.00
4.00
0.82
930.50
934.00
3.50
3.45
938.00
938.50
0.50
0.27
AR-17-146c1
327
-70
910.50
110.40
630.50
631.50
1.00
0.37
686.00
688.00
2.00
0.73
691.00
695.00
4.00
0.33
697.50
703.00
5.50
0.07
705.50
709.50
4.00
0.38
721.50
744.00
22.50
0.07
748.00
749.00
1.00
0.03
754.00
755.50
1.50
0.21
765.50
768.50
3.00
0.07
795.50
797.00
1.50
0.05
AR-17-146c2
327
-70
907.00
N/A
661.50
663.00
1.50
1.15
682.50
683.00
0.50
0.03
685.50
688.00
2.50
0.02
694.50
696.00
1.50
0.74
698.50
699.00
0.50
0.04
704.50
705.50
1.00
1.79
737.00
738.00
1.00
0.06
742.00
749.00
7.00
0.05
752.00
772.50
20.50
0.48
incl.
752.00
763.50
11.50
0.79
777.00
778.00
1.00
2.65
780.50
782.50
2.00
4.77
AR-17-146c3
327
-70
993.50
N/A
676.50
677.50
1.00
0.04
709.00
709.50
0.50
0.29
722.50
723.50
1.00
0.48
728.00
732.50
4.50
0.12
744.00
745.00
1.00
0.24
753.00
772.50
19.50
0.26
incl.
753.00
763.00
10.00
0.46
777.00
777.50
0.50
0.03
783.50
784.00
0.50
0.05
789.00
826.50
37.50
0.15
Incl.
789.00
798.50
9.50
0.29
912.50
913.00
0.50
0.09
946.00
947.00
1.00
0.07
952.00
956.00
4.00
0.03
963.50
964.50
1.00
0.08
AR-17-147c1
327
-70
621.50
133.90
454.00
454.50
0.50
0.19
492.50
495.50
3.00
2.24
510.00
511.00
1.00
0.81
515.00
515.50
0.50
0.11
521.00
525.00
4.00
0.95
532.50
536.50
4.00
0.32
541.50
545.00
3.50
0.33
556.50
567.50
11.00
2.25
incl.
557.00
558.00
1.00
21.20
572.00
572.50
0.50
0.87
576.00
592.00
16.00
1.31
incl.
580.50
582.50
2.00
7.63
598.50
600.00
1.50
0.02
606.00
608.00
2.00
0.09
AR-17-147c2
327
-70
660.50
133.90
454.50
455.00
0.50
0.11
498.00
499.50
1.50
0.71
529.50
530.50
1.00
0.42
534.00
534.50
0.50
0.66
544.50
550.50
6.00
0.49
556.00
556.50
0.50
0.02
560.00
569.00
9.00
0.70
580.50
581.50
1.00
0.05
587.00
587.50
0.50
0.06
590.00
593.00
3.00
0.04
604.00
632.50
28.50
1.74
incl.
605.00
610.50
5.50
8.56
AR-17-147c3
327
-70
682.50
133.90
454.50
455.50
1.00
0.06
499.50
502.00
2.50
0.34
515.50
517.00
1.50
0.05
528.50
529.50
1.00
0.49
536.50
543.00
6.50
0.08
546.00
565.50
19.50
0.23
573.00
573.50
0.50
0.03
579.50
587.00
7.50
1.44
597.50
657.50
60.00
3.70
incl.
607.00
640.00
33.00
6.51
incl.
634.00
640.00
6.00
17.68
AR-17-147c4
327
-70
870.50
133.90
506.00
507.00
1.00
0.02
521.50
527.00
5.50
0.11
529.50
530.00
0.50
0.28
560.00
561.50
1.50
0.39
574.00
574.50
0.50
0.08
588.00
594.50
6.50
0.47
614.50
615.50
1.00
0.15
618.00
626.00
8.00
1.49
628.50
649.00
20.50
1.51
incl.
634.00
639.00
5.00
4.10
655.00
665.00
10.00
0.03
668.00
668.50
0.50
0.03
690.00
696.00
6.00
0.02
712.00
732.00
20.00
0.05
752.50
772.00
19.50
0.15
792.50
794.50
2.00
0.11
804.50
815.00
10.50
0.25
848.00
853.00
5.00
0.02
AR-17-148c1
327
-70
1054.00
N/A
505.00
506.00
1.00
0.06
682.00
682.50
0.50
0.08
689.00
690.00
1.00
0.06
699.50
711.00
11.50
1.02
incl.
703.00
705.00
2.00
5.01
724.00
724.50
0.50
0.01
729.50
730.00
0.50
0.01
733.00
735.50
2.50
0.24
740.50
741.00
0.50
0.03
746.00
746.50
0.50
0.02
756.00
757.00
1.00
0.02
759.50
779.00
19.50
0.04
785.00
786.50
1.50
0.02
793.50
798.50
5.00
0.01
801.50
805.50
4.00
0.15
808.50
815.50
7.00
0.64
931.00
935.50
4.50
0.02
966.50
991.50
25.00
0.03
AR-17-148c2
327
-70
1044.50
N/A
693.50
694.00
0.50
0.08
705.50
706.00
0.50
0.33
711.50
729.50
18.00
0.22
739.50
741.50
2.00
0.09
746.00
747.00
1.00
0.10
750.50
754.00
3.50
0.03
757.00
770.00
13.00
0.03
777.00
777.50
0.50
0.07
787.50
789.00
1.50
0.20
791.50
795.00
3.50
0.03
800.00
801.00
1.00
0.03
805.50
806.00
0.50
0.04
816.50
817.00
0.50
0.14
826.50
827.00
0.50
0.05
829.50
837.00
7.50
0.19
incl.
834.50
836.50
2.00
0.65
841.00
841.50
0.50
0.10
879.50
880.50
1.00
0.08
894.50
895.00
0.50
0.04
907.50
908.00
0.50
0.08
934.50
939.50
5.00
0.05
942.00
942.50
0.50
0.12
945.50
946.50
1.00
0.04
950.00
953.00
3.00
0.08
AR-17-149c1
345
-70
1014.50
134.90
617.50
619.50
2.00
0.24
627.00
630.50
3.50
0.10
636.00
637.00
1.00
0.06
643.00
647.50
4.50
0.90
693.00
701.50
8.50
0.06
713.50
720.00
6.50
0.84
764.00
765.00
1.00
0.04
790.50
791.00
0.50
0.03
794.00
795.50
1.50
0.46
798.50
799.50
1.00
0.22
859.00
860.00
1.00
0.05
869.00
873.50
4.50
0.58
AR-17-149c2
345
-70
897.50
134.90
623.00
626.00
3.00
1.84
incl.
623.00
623.50
0.50
10.70
670.00
680.50
10.50
0.02
688.50
699.50
11.00
0.20
731.50
735.00
3.50
0.23
763.00
765.00
2.00
0.27
AR-17-154c1
327
-70
854.00
120.60
420.50
421.00
0.50
0.01
594.00
594.50
0.50
0.12
598.00
598.50
0.50
0.36
606.50
607.50
1.00
0.07
611.00
618.50
7.50
0.19
incl.
614.00
616.00
2.00
0.66
624.00
628.00
4.00
0.06
631.50
639.00
7.50
0.04
643.00
652.00
9.00
0.02
678.00
679.00
1.00
0.25
703.50
704.00
0.50
0.05
706.50
708.00
1.50
0.14
717.00
737.50
20.50
0.78
incl.
725.50
731.50
6.00
2.33
AR-17-154c2
327
-70
849.50
120.60
612.00
613.00
1.00
0.15
620.00
621.50
1.50
0.05
737.00
738.50
1.50
0.12
766.00
766.50
0.50
0.03
AR-17-155c1
327
-70
828.50
128.60
422.50
423.50
1.00
0.09
426.00
426.50
0.50
0.04
429.50
431.50
2.00
0.07
501.00
510.00
9.00
0.09
513.50
524.00
10.50
0.29
531.00
537.50
6.50
0.19
547.00
556.50
9.50
0.12
577.00
577.50
0.50
0.09
582.00
586.00
4.00
0.07
589.50
590.00
0.50
0.15
606.00
616.00
10.00
0.06
619.00
644.00
25.00
0.02
646.50
649.50
3.00
0.03
652.00
654.50
2.50
0.01
681.00
698.00
17.00
0.15
702.00
706.50
4.50
0.07
723.00
724.00
1.00
0.04
732.00
734.50
2.50
0.13
AR-17-155c2
327
-70
600.50
128.60
457.50
481.50
24.00
0.33
486.50
487.00
0.50
0.35
490.00
492.00
2.00
0.50
504.00
505.00
1.00
1.03
511.00
515.00
4.00
0.40
519.00
520.00
1.00
0.54
522.50
530.00
7.50
0.95
534.00
534.50
0.50
0.08
537.00
538.50
1.50
0.29
542.50
545.00
2.50
0.08
551.00
552.00
1.00
0.20
560.50
579.00
18.50
4.32
562.00
569.00
7.00
11.23
582.00
588.50
6.50
0.04
AR-17-156c1
327
-70
858.50
N/A
657.50
662.00
4.50
0.45
664.50
665.00
0.50
0.11
670.50
703.00
32.50
1.04
incl.
676.50
685.50
9.00
2.72
706.50
711.00
4.50
0.10
743.50
744.00
0.50
0.05
Parameters:
- Maximum internal dilution 2.0 m downhole
- Minimum thickness of 0.5 m downhole
- Cutoff grade 0.01% U3O8
- All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
- Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. The Arrow deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 Mtonnes grading 6.88% U3O8 in the Indicated Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the Inferred Mineral Resource category.
Source: NexGen Energy Ltd.
