The Global Resource For Connecting Buyers and Sellers

NexGen Intersects Massive Pitchblende 180m Southwest of Arrow

NexGen Energy (TSXV:NXE) has announced further results from its ongoing spring drilling program on its 100 percent owned Rook I Property in the Athabasca Basin.

As quoted in the press release:

Drilling at the area 180 m southwest of Arrow has intersected significant off-scale radioactivity associated with extensive visible uranium mineralization. All 3 holes in this area have intersected off-scale mineralization. A total of 11 drill holes have now encountered mineralization in this area, which remains open in all directions and has currently established a strike length of 76 m. Future drilling will be directed to determine whether this area which is 180 m southwest of Arrow, is connected to Arrow to the northeast, and the extent of the area further to the southwest.

Hole AR-16-90c3, which was drilled 74 m up-dip and southwest of hole AR-16-77c2 (see press release March 30, 2016) has intersected 8.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) marked by dense accumulations of massive to semi-massive pitchblende within 68.0 m of total composite mineralization. Included as part of the 8.05 m of off-scale mineralization 1.5 m of minimum-greater-than- 61,000 cps including 1.0 m that was continuous. This is the most significantly mineralized hole to date at this newly identified area.

Click here to read the full press release.

Uranium Future Outlook: Uranium Price Forecast for 2016 and Onward

A look at where analysts see the uranium price moving in the short and long term.

Read the full article!

The post NexGen Intersects Massive Pitchblende 180m Southwest of Arrow appeared first on Investing News Network.