NexGen Energy Ltd. (TSXV:NXE, OTCQX:NXGEF) announced the first results from our highly anticipated 30,000 m winter 2016 drilling program on our 100% owned Rook I Property, Athabasca Basin, Saskatchewan.
Highlights include:
Highlights:
A2 Shear:
- AR-16-64c2 (30 m up-dip and northeast from AR-15-44b) intersected 76.0 m of total composite mineralization including 26.15 m of total composite off-scale radioactivity (10,000 – >61,000 cps) within a 165.5 m section (414.0 to 579.5 m) including 5.5 m of composite radioactivity measuring a minimum of >61,000 cps in the Sub-Zone.
- AR-16-64c1 (21 m up-dip and southwest from AR-15-49c2) intersected 74.0 m of total composite mineralization including 14.0 m of total composite off-scale radioactivity (10,000 – >61,000 cps) within a 100.0 m section (433.5 to 533.5 m) in the Sub-Zone.
Table 1: Higher Grade A2 Sub-Zone Drill Hole Comparisons
AR-15-
59c22AR-15-
54c12AR-15-
58c12AR-16-
63c1AR-15-
621AR-15-
44b2AR-16-
64c2AR-16-
64c1AR-15-
49c22AR-15-
57c32Total composite mineralization =
75.50 m
42.00 m
86.00 m
55.50 m
143.00 m
135.60 m
76.00 m
74.0 m
73.50 m
62.50 m
Total Off-scale (>10,000 to 29,999 cps)3 =
11.40 m
5.90 m
14.30 m
6.85 m
17.75 m
30.25 m
15.95 m
10.30 m
15.70 m
4.40 m
Total Off-scale (>30,000 to 60,999 cps)3 =
4.50 m
3.00 m
3.85 m
0.50 m
10.60 m
7.75 m
4.70 m
3.70 m
5.20 m
2.50 m
Total Off-scale (>61,000 cps)3 =
1.00 m
0.50 m
2.00 m
0.00 m
2.00 m
1.50 m
5.50 m
0.00 m
2.15 m
1.80 m
Continuous GT (Grade x Thickness) =
371
277
200 and
345Assays
Pending787
655
Assays
PendingAssays
Pending605
319
1 radioactivity results previously released
2radioactivity and assays results previously released
3 minimum radioactivity using RS-120 gamma spectrometer
.
These first radioactivity results of the winter program are simply exceptional. They highlight the continuity of the higher grade A2 sub-zone, established by substantial massive to semi-massive pitchblende, and consistent true width. Hole AR-16-64c2 has a similar radioactivity profile to AR-15-49c2 (returned continuous GT of 605), except it has more than double the minimum >61,000 cps of 5.5m. Further, the results in the A3 are very exciting with respect to defining the higher grade zones within this shear.
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