NexGen Reports Total Composite GT of 1,329 in Hole AR-16-63c2

March 8, 2016

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NexGen Energy Ltd. (TSXV:NXE) released assay results for five angled holes completed as part of a winter 2016 drill program at its Athabasca Basin-based Rook 1 property.

Highlights include:

  • AR-16-63c2 (19 m up-dip and to the southwest from AR-15-44b) intersected 42.0 m at 15.20% U3O8 (458.0 to 500.0 m) including 7.0 m at 52.91% U3O8 (488.5 to 495.5 m) and an additional 46.5 m at 12.99% U3O8 (503.5 to 550.0 m) including 4.0 m at 53.48% U3O8 (530.0 to 534.0 m).
  • AR-16-64c2 (30 m up-dip and to the northeast from AR-15-44b) intersected 48.5 m at 11.15% U3O8 (491.0 to 539.5 m) including 3.0 m at 52.35% U3O8 (498.5 to 501.5 m).
  • AR-16-64c1 (21 m up-dip and to the southwest from AR-15-49c2) intersected 48.5 m at 6.97% U3O8 (433.5 to 482.0 m) including 3.0 m at 52.13% U3O8 (469.0 to 472.0).
  • AR-16-63c1 (7 m up-dip and to the northeast from AR-15-58c1) intersected 45.0 m at 4.51% U3O8 (432.5 to 477.5 m) including 8.0 m at 20.15% U3O8 (464.5 to 472.5 m).

Garrett Ainsworth, vice president, exploration and development at NexGen, commented:

The commencement of infill drilling of the higher grade A2 sub-zone has immediately returned five continuous GT’s ranging from 203 to 638 in four holes. These high grade assay intervals from holes AR-16-63c2 and -64c2 extend outside the current A2 high grade shell, on which the maiden NI43-101 inferred mineral resource was estimated as it only incorporates up to hole AR-15-62. Denser spaced drilling of the A2 sub-zone continues.

Click here to read the full NexGen Energy Ltd. (TSXV:NXE) press release.

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Category: Energy