VANCOUVER, Jan. 17, 2018 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for the final 28 holes from our summer 2018 drill program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
Arrow Step-out Drilling
New high grade mineralization was discovered and confirmed for the first time, northwest of the A1 shear with a geotechnical test hole and will be followed up during the winter 2018 drill program. Additionally, step-out drilling outside of the area of the current Mineral Resource estimate has resulted in the most heavily mineralized hole in the A3 shear to date. In addition,
Northwest of the A1 Shear
- Geotechnical hole GAR-17-001 intersected 8.0 m at 1.43% U3O8 (531.5 to 539.5 m), including 4.5 m at 2.51% (531.5 to 536.0 m) in a new mineralized area northwest of the A1 shear.
A3 Step-Outs
- AR-17-159c1 intersected 26.5 m at 10.60% U3O8 (427.5 to 454.0 m) including 13.0 m at 20.74% U3O8 (439.0 to 452.0 m) located 25 m outside of the area of the current Mineral Resource estimate in the A3 High Grade Domain. This represents the best hole drilled in the A3 shear to date.
- AR-17-159c2 intersected 49.0 m at 2.30% U3O8 (429.5 to 478.5 m) including 5.0 m at 11.72% U3O8 (463.0 to 468.0 m) and 2.0 m at 9.88% U3O8 (451.0 to 453.0 m) in the High Grade Domains of the A3 Shear located 15 m outside of the area of the current Mineral Resource estimate.
- AR-17-167c1 intersected 15.0 m at 1.49% U3O8 (481.5 to 496.5 m) including 2.0 m at 10.56% U3O8 (489.0 to 491.0 m) in the A3 Shear located 45 m outside of the Mineral Resource.
Southwest Gap Step-Outs
- AR-17-161c1 intersected 9.5 m at 2.31% U3O8 (827.0 to 836.5 m), including 2.0 m at 10.57% U3O8 (833.5 to 835.5 m) in the A3 Shear of the Southwest Gap.
Arrow Infill Drilling
Infill drilling has continued to confirm the strong continuity of mineralization at the Arrow deposit. The A3 high-grade domains have now been largely drilled at a spacing of 25 m x 25 m. Key potential expansion areas have been identified surrounding these domains and will be followed-up during the winter 2018 drilling program.
A2 & A3 Infill
- AR-17-176c2 intersected 17.54 m at 3.51 % U3O8 (649.5 to 667.04 m), including 4.0 m at 12.88% U3O8 (659.0 to 663.0 m) and 15.5 m at 0.77% U3O8 (692.0 to 707.5 m), including 1.5 mat 7.71% U3O8 (693.5 to 695.0 m) in the A2 Shear.
- AR-17-164c2 intersected 21.5 m at 1.80% U3O8 (588.0 to 609.5 m), including 3.0 m at 12.14% U3O8 (590.5 to 593.5 m) in the A3 Shear.
- AR-17-155c3 intersected 7.0 m at 2.68% U3O8 (619.0 to 626.0 m), including 2.5 m at 7.21% U3O8 (619.0 to 621.5 m) in the A3 Shear.
Development, Activities & Financial
- Pre-feasibility technical studies including geotechnical work, hydrogeological work and metallurgy continue in advance of a maiden Pre-Feasibility Study scheduled to be published in Q3/2018.
- Planning for the winter 2108 drilling program is complete and will begin imminently.
- The Company has cash on hand of approximately $155 million.
Garrett Ainsworth, Vice-President, Exploration and Development, commented: “The final assays from our summer 2017 drill program confirm high grade mineralization in key areas for resource growth. We have been especially pleased with results from the A3 High-Grade Domains with hole -159c1 returning the best intercept in the A3 shear to date. Furthermore, hole GAR-17-001 which was a geotechnical hole designed to test the ground conditions of the Arrow Deposit also hit mineralization adjacent to the northwest of the A1 shear indicating the potential of an entire new mineralized shear zone.”
Leigh Curyer, Chief Executive Officer, commented: “Discovery of a potential A0 shear highlights the incredible prospectivity that continues to exist at the Arrow Deposit. NexGen’s Rook 1 project hosts 9 kms of the prolific Patterson Corridor bordering the edge of the Athabasca Basin and significant drilling is planned in order to determine the full extent of mineralization at Arrow, and along strike. Further, strong mineralized intercepts within, and around, the A3 High Grade Domain continue to demonstrate the strong continuity of mineralization at Arrow as we progress to pre-feasibility.”
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-17-146c4
327
-70
978.50
110.40
678.00
678.50
0.50
0.10
709.00
712.00
3.00
0.01
714.50
720.00
5.50
0.21
729.50
741.00
11.50
0.03
758.50
760.00
1.50
0.13
764.50
765.50
1.00
0.03
777.50
778.50
1.00
0.22
792.00
796.00
4.00
0.08
822.00
824.00
2.00
0.09
827.00
834.50
7.50
0.07
837.00
838.00
1.00
0.12
907.50
908.50
1.00
0.06
913.50
914.50
1.00
0.02
936.00
937.00
1.00
0.03
AR-17-154c3
327
-70
870.50
120.60
652.00
653.50
1.50
0.14
701.50
704.50
3.00
0.02
760.00
764.50
4.50
0.01
AR-17-154c4
327
-70
945.50
120.60
678.50
680.50
2.00
0.43
714.50
715.00
0.50
0.53
717.50
721.50
4.00
0.17
724.50
726.00
1.50
0.14
729.50
742.50
13.00
0.10
745.00
753.00
8.00
0.06
774.50
775.00
0.50
0.04
799.50
800.50
1.00
0.07
840.50
842.00
1.50
0.05
865.00
869.00
4.00
0.21
889.50
890.50
1.00
0.09
AR-17-155c3
327
-70
912.50
128.60
437.50
438.00
0.50
0.10
465.50
472.00
6.50
0.03
475.50
481.00
5.50
0.23
494.00
495.50
1.50
0.92
500.00
501.00
1.00
0.21
523.00
524.50
1.50
0.11
534.00
535.00
1.00
0.29
546.00
550.50
4.50
0.27
563.00
565.00
2.00
0.35
568.00
571.00
3.00
0.04
582.50
587.00
4.50
0.04
611.00
612.00
1.00
13.14
615.50
616.00
0.50
3.05
619.00
626.00
7.00
2.68
incl.
619.00
621.50
2.50
7.21
648.50
649.50
1.00
0.05
652.50
676.00
23.50
0.07
680.00
685.50
5.50
0.13
689.50
695.50
6.00
0.09
701.00
702.50
1.50
2.98
756.50
757.00
0.50
0.16
760.00
762.50
2.50
0.27
812.50
814.00
1.50
0.02
819.50
820.50
1.00
0.20
823.50
827.50
4.00
0.03
831.50
833.00
1.50
0.62
846.00
847.00
1.00
0.03
AR-17-156c2
327
-70
858.50
N/A
650.00
651.00
1.00
0.11
654.00
658.50
4.50
0.04
679.50
680.00
0.50
0.14
685.00
687.50
2.50
0.10
710.00
711.00
1.00
0.01
714.50
715.00
0.50
0.11
718.00
725.00
7.00
0.23
771.50
772.00
0.50
0.03
813.00
815.00
2.00
0.03
AR-17-156c3
327
-70
903.50
N/A
703.00
703.50
0.50
0.22
720.50
722.00
1.50
0.02
725.00
731.00
6.00
0.18
735.00
748.00
13.00
0.13
764.50
777.50
13.00
0.33
incl.
766.00
770.50
4.50
0.77
780.50
783.50
3.00
0.14
813.50
823.00
9.50
0.08
AR-17-156c4
327
-70
936.50
N/A
528.00
528.50
0.50
0.02
659.00
660.00
1.00
0.38
680.00
680.50
0.50
0.03
692.50
693.00
0.50
0.03
718.50
719.00
0.50
0.08
723.00
724.00
1.00
0.49
742.50
743.50
1.00
0.04
749.50
750.00
0.50
0.05
757.00
758.50
1.50
0.07
768.00
769.00
1.00
0.04
773.50
779.00
5.50
1.10
incl.
774.00
775.00
1.00
4.44
783.00
784.00
1.00
0.29
789.00
790.00
1.00
0.02
794.00
796.00
2.00
0.05
800.50
802.00
1.50
0.09
805.00
806.00
1.00
0.02
809.00
811.50
2.50
0.04
818.00
827.50
9.50
0.05
891.00
892.00
1.00
0.03
AR-17-156c5
327
-70
789.50
N/A
669.50
671.50
2.00
0.03
675.00
675.50
0.50
0.01
682.00
684.00
2.00
0.03
701.00
708.00
7.00
0.05
721.00
722.50
1.50
0.15
AR-17-159c1
327
-70
507.00
131.60
373.50
381.50
8.00
0.03
388.50
390.50
2.00
0.07
395.50
397.00
1.50
0.34
404.00
407.00
3.00
0.48
410.50
415.50
5.00
2.70
418.50
424.00
5.50
1.28
427.50
454.00
26.50
10.60
incl.
439.00
452.00
13.00
20.74
incl.
444.00
450.00
6.00
30.21
AR-17-159c2
327
-70
546.00
131.60
375.50
377.00
1.50
0.04
389.00
404.50
15.50
0.04
422.50
426.50
4.00
2.82
incl.
422.50
423.50
1.00
11.24
429.50
478.50
49.00
2.30
incl.
451.00
453.00
2.00
9.88
incl.
463.00
468.00
5.00
11.72
AR-17-161c1
327
-70
999.50
N/A
743.00
744.00
1.00
0.22
776.50
777.00
0.50
0.09
793.50
794.00
0.50
0.02
802.00
802.50
0.50
0.14
813.00
814.00
1.00
0.06
821.50
823.00
1.50
0.03
827.00
836.50
9.50
2.31
incl.
833.50
835.50
2.00
10.57
848.00
848.50
0.50
0.06
853.50
854.00
0.50
0.25
859.50
862.50
3.00
0.02
AR-17-161c2
327
-70
990.50
N/A
626.50
627.00
0.50
0.19
698.50
699.50
1.00
0.03
703.00
705.00
2.00
0.08
712.00
713.00
1.00
0.06
800.00
811.00
11.00
0.14
818.00
819.00
1.00
0.24
852.00
853.50
1.50
0.05
863.00
869.50
6.50
3.03
incl.
867.50
868.50
1.00
16.40
879.00
882.00
3.00
0.28
892.00
893.50
1.50
0.07
911.50
912.00
0.50
0.04
939.00
940.50
1.50
0.04
AR-17-164c1
327
-70
942.50
126.60
458.50
470.00
11.50
0.04
481.50
484.00
2.50
0.02
487.00
488.50
1.50
0.26
497.00
500.50
3.50
0.24
505.00
513.50
8.50
1.27
incl.
506.50
511.00
4.50
2.08
517.00
528.00
11.00
1.52
incl.
522.50
527.50
5.00
3.25
534.50
535.00
0.50
1.86
545.50
550.00
4.50
1.78
554.50
555.00
0.50
0.05
581.50
597.50
16.00
0.47
incl.
581.50
584.00
2.50
2.79
601.50
605.50
4.00
0.04
618.00
619.00
1.00
0.02
626.00
629.00
3.00
0.03
632.50
644.50
12.00
0.06
648.50
649.50
1.00
0.03
652.50
654.50
2.00
0.04
658.50
659.50
1.00
0.02
662.50
684.00
21.50
0.44
incl.
662.50
667.50
5.00
1.67
718.50
720.00
1.50
0.09
745.00
746.50
1.50
0.38
754.50
755.50
1.00
0.08
773.50
777.00
3.50
1.29
incl.
774.50
775.50
1.00
4.15
808.50
810.00
1.50
0.27
822.00
824.50
2.50
0.03
831.00
831.50
0.50
0.03
840.00
841.50
1.50
0.05
897.00
897.50
0.50
0.06
AR-17-164c2
327
-70
654.50
126.60
426.50
427.50
1.00
0.15
451.50
455.00
3.50
0.02
468.50
469.00
0.50
0.08
477.50
478.50
1.00
0.04
485.50
487.00
1.50
0.31
503.00
504.00
1.00
1.05
507.00
508.00
1.00
0.56
519.50
520.00
0.50
0.41
532.00
533.00
1.00
0.02
544.00
545.00
1.00
0.72
548.00
553.00
5.00
0.34
556.00
565.00
9.00
0.79
incl.
556.00
560.50
4.50
1.41
567.50
569.50
2.00
1.01
575.50
577.00
1.50
1.55
580.50
584.00
3.50
0.85
588.00
609.50
21.50
1.80
incl.
590.50
593.50
3.00
12.14
614.00
615.00
1.00
0.06
631.00
635.50
4.50
0.11
639.50
649.50
10.00
0.06
652.50
654.00
1.50
0.04
AR-17-164c3
327
-70
549.50
126.60
444.50
448.00
3.50
0.24
456.50
457.00
0.50
0.67
459.50
460.50
1.00
0.49
463.50
471.50
8.00
0.11
478.00
481.00
3.00
0.36
485.00
486.50
1.50
0.30
503.50
514.50
11.00
0.65
incl.
506.00
510.50
4.50
1.45
517.50
526.50
9.00
0.06
533.00
533.50
0.50
0.02
541.00
542.00
1.00
0.03
AR-17-167c1
327
-70
837.50
124.00
481.50
496.50
15.00
1.49
incl.
489.00
491.00
2.00
10.56
530.00
536.00
6.00
0.04
539.50
559.00
19.50
0.04
566.50
582.50
16.00
0.16
589.50
595.50
6.00
0.15
600.00
601.00
1.00
0.12
627.00
630.50
3.50
0.24
637.00
637.50
0.50
0.02
654.00
655.00
1.00
0.05
660.00
663.50
3.50
0.03
676.00
679.00
3.00
0.16
681.50
682.50
1.00
0.03
731.50
733.50
2.00
0.09
779.50
785.00
5.50
0.14
AR-17-167c2
327
-70
723.50
124.00
460.00
460.50
0.50
1.11
467.00
470.50
3.50
1.65
478.50
479.00
0.50
0.03
533.00
546.00
13.00
0.03
548.50
549.50
1.00
0.03
552.50
554.00
1.50
0.10
556.50
563.00
6.50
0.07
573.50
574.00
0.50
0.06
580.50
583.00
2.50
0.02
615.00
618.00
3.00
5.02
635.00
636.50
1.50
0.45
639.00
640.00
1.00
0.15
675.00
675.50
0.50
0.03
AR-17-167c3
327
-70
727.50
124.00
434.50
435.50
1.00
0.04
440.50
444.50
4.00
0.55
511.00
511.50
0.50
0.03
534.00
537.00
3.00
0.23
570.50
573.00
2.50
0.02
576.00
577.00
1.00
0.07
693.00
694.00
1.00
0.04
AR-17-171c1
327
-70
920.00
119.30
712.00
715.50
3.50
0.06
719.00
720.00
1.00
0.06
727.00
728.00
1.00
0.03
733.50
736.00
2.50
0.08
741.00
756.00
15.00
0.46
incl.
746.50
749.00
3.00
1.48
769.50
772.00
2.50
0.51
790.00
791.50
1.50
1.13
813.00
814.00
1.00
0.02
855.00
859.50
4.50
0.11
863.00
864.50
1.50
0.06
AR-17-171c2
327
-70
921.50
119.30
649.00
651.00
2.00
0.08
654.50
655.50
1.00
0.03
708.50
716.00
7.50
1.20
718.50
719.00
0.50
0.11
733.50
734.50
1.00
0.16
741.50
756.50
15.00
0.09
760.00
764.00
4.00
0.03
766.50
768.50
2.00
0.06
781.50
782.50
1.00
0.07
805.00
812.50
7.50
0.15
821.00
823.50
2.50
0.08
842.00
843.00
1.00
0.77
890.50
894.50
4.00
0.01
AR-17-171c3
327
-70
978.50
119.30
748.00
754.00
6.00
0.04
766.00
769.00
3.00
0.13
775.50
777.00
1.50
0.05
780.00
787.00
7.00
0.08
790.50
803.00
12.50
0.05
817.00
830.00
13.00
0.10
897.00
924.50
27.50
0.63
927.50
928.00
0.50
0.11
932.00
932.50
0.50
0.05
AR-17-176c1
327
-70
540.00
125.10
434.50
435.00
0.50
0.02
481.00
481.50
0.50
0.09
484.00
485.00
1.00
0.05
489.50
491.00
1.50
0.16
505.00
507.00
2.00
0.04
AR-17-176c2
327
-70
870.50
125.10
444.00
448.00
4.00
0.22
504.00
508.50
4.50
0.14
512.50
516.50
4.00
0.39
607.50
608.00
0.50
0.08
617.50
631.50
14.00
0.28
649.50
667.04
17.54
3.51
incl.
651.50
663.00
11.50
5.33
incl.
659.00
663.00
4.00
12.88
671.00
688.00
17.00
0.47
692.00
707.50
15.50
0.77
incl.
693.50
695.00
1.50
7.71
711.00
717.50
6.50
0.33
758.50
759.00
0.50
0.03
784.00
787.00
3.00
0.01
811.00
815.00
4.00
0.26
AR-17-179c1
327
-68
639.50
130.50
457.00
459.50
2.50
0.04
464.00
469.00
5.00
0.02
494.50
495.00
0.50
1.11
501.00
503.50
2.50
1.34
507.50
508.00
0.50
0.36
525.50
536.50
11.00
0.62
540.00
540.50
0.50
0.21
543.00
547.00
4.00
0.21
551.00
554.00
3.00
1.29
556.50
559.50
3.00
0.13
564.50
565.00
0.50
0.08
569.50
583.50
14.00
0.22
586.00
586.50
0.50
0.03
589.00
598.00
9.00
0.10
600.50
623.50
23.00
0.03
628.50
632.00
3.50
0.02
AR-17-183c1
327
-68
630.50
139.60
478.50
485.00
6.50
0.28
489.00
489.50
0.50
4.91
500.00
501.00
1.00
3.24
512.00
512.50
0.50
0.13
516.00
516.50
0.50
6.57
523.50
524.50
1.00
0.06
529.00
530.00
1.00
7.27
534.00
534.50
0.50
0.35
547.00
547.50
0.50
0.29
552.00
554.00
2.00
1.75
558.50
579.00
20.50
0.23
incl.
564.00
567.00
3.00
1.05
GAR-17-001
327
-70
597.10
115.00
271.50
304.50
33.00
0.12
377.00
378.00
1.00
0.05
415.50
420.50
5.00
0.03
487.00
494.50
7.50
0.05
531.50
539.50
8.00
1.43
incl.
531.50
536.00
4.50
2.51
GAR-17-002
327
-70
884.50
124.70
463.50
465.00
1.50
0.20
493.00
496.50
3.50
0.39
519.50
520.50
1.00
0.83
524.00
525.00
1.00
0.28
529.50
531.50
2.00
0.21
543.50
545.50
2.00
0.18
550.00
551.50
1.50
0.64
555.00
558.50
3.50
0.28
561.00
561.50
0.50
0.21
572.00
572.50
0.50
0.07
576.00
576.50
0.50
0.01
589.00
605.50
16.50
0.15
611.50
628.00
16.50
0.09
630.57
634.50
3.93
0.18
646.50
648.50
2.00
0.10
651.50
657.00
5.50
0.09
663.50
669.48
5.98
0.66
672.00
701.50
29.50
1.29
incl.
696.50
698.50
2.00
16.07
714.55
714.65
0.10
0.10
749.00
749.50
0.50
1.62
768.50
771.00
2.50
1.00
796.00
801.00
5.00
0.16
811.50
813.00
1.50
0.07
821.76
823.00
1.24
0.05
827.00
830.00
3.00
0.17
838.50
840.00
1.50
0.05
GAR-17-005
80
-70
752.40
109.80
487.50
488.50
1.00
0.08
647.50
651.50
4.00
0.05
656.50
659.50
3.00
0.06
670.00
671.00
1.00
0.03
680.50
685.50
5.00
0.08
704.50
705.00
0.50
0.06
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.
