VANCOUVER, Oct. 2, 2017 /PRNewswire/ - NexGen Energy
Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE:NXE) is pleased
to report radioactivity results for 22 holes as part of the
on-going summer drilling program on our 100% owned, Rook I
property, Athabasca Basin,
Saskatchewan. An additional diamond drill rig was brought
into operation to assess the recently discovered South Arrow zone,
which is located 400 m south of the Arrow Deposit.
Eight diamond drill rigs are now active at the Arrow Deposit and
South Arrow with infill, step-out and exploration drilling
underway. In addition, one sonic drill rig testing subsurface
conditions as part of the pre-feasibility geotechnical study has
successfully completed its work. Additional geotechnical drilling
continues utilizing a diamond drill rig. Initial geotechnical
drilling discovered an interval of semi-massive pitchblende
mineralization 130 m northwest and up-dip from the
A1 mineral resource domain.
A3 High Grade Domain Infill Drilling
- Infill hole AR-17-147c3 intersected 79.5 m of total
composite mineralization including 17.35 m of total
composite off-scale radioactivity (>10,000 to >61,000
cps) within a 114.5 m section (542.0 to 656.5 m). This intersection
is the most extensive off-scale radioactivity intersected in
the A3 shear to date (see Figure 1).
- Infill hole AR-17-147c4 intersected 67.5 m of total
composite mineralization including 5.45 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
182.0 m section (588.0 to 770.0 m).
- Infill hole AR-17-155c2 intersected 41.0 m of total
composite mineralization including 5.15 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
100.0 m section (486.5 to 586.5 m).
Expansion in the Southwest and Northeast Gaps
In the resource growth areas of the southwest and
northeast gaps, broad zones of mineralization including
off-scale radioactivity have been intersected throughout
(Figure 2).
- Step-out hole AR-17-129c5 intersected 71.0 m of total
composite mineralization including 5.85 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
295.0 m section (616.5 to 911.5 m) in the A2 through A5 shears in
the northeast gap.
- Step-out hole AR-17-156c1 intersected 38.0 m of total
composite mineralization including 3.0 m of total composite
off-scale radioactivity (>10,000 to 30,500 cps) within a
87.0 m section (657.0 to 744.0 m) in the A3 and A4 shears in the
southwest gap.
- Step-out hole AR-17-146c2 intersected 36.0 m of total
composite mineralization including 2.55 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
121.0 m section (661.5 to 782.5 m) in the A3 and A4 shears in the
southwest gap.
Geotechnical Drilling
Geotechnical drilling testing subsurface conditions as part of
the pre-feasibility study has intersected uranium mineralization
northwest of the A1 shear indicating the potential for
additional shears to the northwest (see Figure 3).
- Geotechnical hole GAR-17-001 intersected 34.5 m of
total composite mineralization including 0.9 m of continuous
off-scale radioactivity (>10,000 to 54,000 cps) within a
265.5 m section (272.0 to 537.5 m).
Arrow Activities & Financial
- The eight diamond drill rig summer development and exploration
program consisting of an expanded 35,000 m of drilling continues to
be fully operational.
- Multiple advanced technical studies including geotechnical
drilling, hydrogeological work, environmental and metallurgy are
underway.
- The Company has cash on hand of approximately $185 million.
Longitudinal sections, a cross section view of GAR-17-001, and
drill hole locations are shown in Figures 1 to 4.
Garrett Ainsworth,
Vice-President, Exploration and Development, commented: "The summer
drill program's objectives of increasing indicated mineral
resources through infill, and inferred mineral resources through
step-outs continue to be achieved. An important
characteristic of the basement-hosted Arrow Deposit is its high
degree of continuity in grade and thickness, which continues to be
observed across the Deposit including in the A3 High Grade Domain
where we expect a high conversion of inferred to indicated mineral
resources. Expansion is also clearly evident through step-out
drilling in the A4 shear, southwest and northeast gaps as well as
the potential for a new shear to the northwest of the A1.
Leigh Curyer, Chief Executive Officer, commented: "These latest
results which include the most extensive off-scale mineralization
seen to date in the A3 shear highlights considerable future
drilling is required to determine the full extent of Arrow.
Infill drilling continues to demonstrate the intensity of
mineralization often increases which is significant from a mine
optimization planning perspective. Further, pre-feasibility study
programs incorporating advanced engineering and environmental work
is in full flight. Together, with the increase in drilling
focus on the exciting South Arrow Discovery, NexGen is at an
exciting stage of development."
Table 1: Arrow Deposit Drill Hole Data
Drill
Hole
|
Athabasca
Group -
Basement
Unconformity
Depth (m)
|
Handheld
Scintillometer Results (RS-120)
|
Hole
ID
|
Azimuth
|
Dip
|
Total Depth
(m)
|
From
(m)
|
To
(m)
|
Width
(m)
|
CPS
Range
|
AR-17-129c5
|
327
|
-70
|
960.50
|
N/A
|
616.50
|
617.00
|
0.50
|
<500 -
570
|
655.00
|
657.50
|
2.50
|
<500 -
2500
|
692.50
|
693.00
|
0.50
|
4600 -
>61000
|
728.50
|
730.00
|
1.50
|
<500 -
10500
|
740.00
|
740.50
|
0.50
|
<500 -
9100
|
748.50
|
751.50
|
3.00
|
<500 -
22000
|
754.00
|
754.50
|
0.50
|
<500 -
9400
|
757.50
|
761.00
|
3.50
|
<500 -
>61000
|
766.00
|
774.00
|
8.00
|
<500 -
>61000
|
777.50
|
781.00
|
3.50
|
<500 -
>61000
|
784.50
|
789.50
|
5.00
|
<500 -
5000
|
793.00
|
800.00
|
7.00
|
<500 -
2800
|
803.50
|
804.00
|
0.50
|
<500 -
700
|
812.00
|
814.50
|
2.50
|
<500 -
2500
|
851.50
|
875.00
|
23.50
|
<500 -
57000
|
878.50
|
879.00
|
0.50
|
<500 -
1100
|
882.00
|
888.50
|
6.50
|
<500 -
13000
|
891.50
|
892.00
|
0.50
|
<500 -
2200
|
901.50
|
902.00
|
0.50
|
<500 -
1100
|
|
|
|
|
|
911.00
|
911.50
|
0.50
|
<500 -
580
|
AR-17-129c6
|
327
|
-70
|
876.50
|
N/A
|
595.00
|
595.50
|
0.50
|
<500 -
830
|
|
|
|
|
|
710.50
|
711.00
|
0.50
|
<500 -
680
|
735.50
|
736.00
|
0.50
|
<500 -
820
|
778.00
|
778.50
|
0.50
|
<500 -
740
|
817.00
|
817.50
|
0.50
|
<500 -
550
|
AR-17-129c7
|
327
|
-70
|
960.50
|
N/A
|
650.00
|
650.50
|
0.50
|
<500 -
780
|
|
|
|
|
|
668.00
|
669.00
|
1.00
|
<500 -
670
|
675.50
|
678.50
|
3.00
|
<500 -
36000
|
704.50
|
705.50
|
1.00
|
<500 -
8700
|
731.00
|
731.50
|
0.50
|
<500 -
55000
|
736.00
|
737.00
|
1.00
|
<500 -
660
|
765.50
|
766.00
|
0.50
|
<500 -
650
|
783.00
|
789.00
|
6.00
|
<500 -
58000
|
791.50
|
795.00
|
3.50
|
<500 -
1500
|
804.00
|
804.50
|
0.50
|
<500 -
2100
|
807.00
|
813.00
|
6.00
|
<500 -
3600
|
815.50
|
818.50
|
3.00
|
<500 -
1500
|
829.50
|
831.00
|
1.50
|
<500 -
2000
|
856.50
|
857.00
|
0.50
|
<500 -
1400
|
AR-17-143c2
|
147
|
-70
|
729.50
|
N/A
|
562.00
|
562.50
|
0.50
|
<500 -
1400
|
AR-17-143c3
|
147
|
-70
|
974.00
|
N/A
|
662.00
|
664.00
|
2.00
|
<500 -
1300
|
|
|
|
|
|
668.00
|
673.00
|
5.00
|
<500 -
4500
|
|
|
|
|
677.00
|
677.50
|
0.50
|
<500 -
1000
|
|
|
|
|
682.00
|
699.00
|
17.00
|
<500 -
11000
|
|
|
|
|
702.00
|
704.50
|
2.50
|
<500 -
1600
|
|
|
|
|
712.00
|
713.50
|
1.50
|
<500 -
3500
|
|
|
|
|
742.50
|
743.00
|
0.50
|
<500 -
2600
|
|
|
|
|
772.50
|
773.00
|
0.50
|
<500 -
2600
|
|
|
|
|
813.00
|
813.50
|
0.50
|
<500 -
790
|
|
|
|
|
856.00
|
860.00
|
4.00
|
<500 -
1300
|
|
|
|
|
863.50
|
864.00
|
0.50
|
<500 -
830
|
|
|
|
|
866.50
|
868.50
|
2.00
|
<500 -
3100
|
|
|
|
|
885.50
|
886.00
|
0.50
|
<500 -
670
|
|
|
|
|
924.00
|
928.00
|
4.00
|
<500 -
37000
|
|
|
|
|
930.50
|
934.00
|
3.50
|
<500 -
>61000
|
|
|
|
|
938.00
|
938.50
|
0.50
|
600 -
3900
|
AR-17-146c1
|
327
|
-70
|
910.50
|
110.40
|
630.50
|
631.50
|
1.00
|
<500 -
11000
|
|
|
|
|
|
686.00
|
688.00
|
2.00
|
<500 -
45000
|
|
|
|
|
691.00
|
695.00
|
4.00
|
<500 -
7800
|
|
|
|
|
697.50
|
703.00
|
5.50
|
<500 -
2000
|
|
|
|
|
705.50
|
709.50
|
4.00
|
<500 -
5800
|
|
|
|
|
721.50
|
732.00
|
10.50
|
<500 -
15000
|
|
|
|
|
734.50
|
735.50
|
1.00
|
<500 -
2500
|
|
|
|
|
739.50
|
744.00
|
4.50
|
<500 -
2300
|
|
|
|
|
754.00
|
755.50
|
1.50
|
<500 -
3000
|
|
|
|
|
765.50
|
768.50
|
3.00
|
<500 -
3100
|
|
|
|
|
795.50
|
797.00
|
1.50
|
<500 -
800
|
AR-17-146c2
|
327
|
-70
|
907.00
|
N/A
|
661.50
|
663.00
|
1.50
|
<500 -
10100
|
|
|
|
|
|
687.00
|
688.00
|
1.00
|
<500 -
550
|
|
|
|
|
694.50
|
699.00
|
4.50
|
<500 -
9100
|
|
|
|
|
704.50
|
705.50
|
1.00
|
700 -
6300
|
|
|
|
|
736.50
|
739.50
|
3.00
|
<500 -
830
|
|
|
|
|
742.00
|
742.50
|
0.50
|
<500 -
1200
|
|
|
|
|
747.50
|
763.50
|
16.00
|
<500 -
37000
|
|
|
|
|
767.00
|
772.50
|
5.50
|
<500 -
1450
|
|
|
|
|
777.00
|
778.00
|
1.00
|
<500 -
30000
|
|
|
|
|
780.50
|
782.50
|
2.00
|
<500 -
>61000
|
AR-17-146c3
|
327
|
-70
|
993.50
|
N/A
|
677.00
|
677.50
|
0.50
|
<500 -
700
|
|
|
|
|
|
709.00
|
709.50
|
0.50
|
<500 -
2300
|
|
|
|
|
|
722.50
|
723.50
|
1.00
|
<500 -
9200
|
|
|
|
|
|
728.00
|
732.50
|
4.50
|
<500 -
2200
|
|
|
|
|
|
744.00
|
745.00
|
1.00
|
<500 -
2100
|
|
|
|
|
|
753.00
|
763.00
|
10.00
|
<500 -
15000
|
|
|
|
|
|
765.50
|
768.00
|
2.50
|
<500 -
1160
|
|
|
|
|
|
770.50
|
772.50
|
2.00
|
<500 -
1250
|
|
|
|
|
|
777.00
|
777.50
|
0.50
|
<500 -
550
|
|
|
|
|
|
783.50
|
784.00
|
0.50
|
<500 -
1200
|
|
|
|
|
|
789.00
|
804.50
|
15.50
|
<500 -
12600
|
|
|
|
|
|
807.00
|
819.50
|
12.50
|
<500 -
7300
|
|
|
|
|
|
825.50
|
826.00
|
0.50
|
<500 -
560
|
|
|
|
|
|
912.50
|
913.00
|
0.50
|
<500 -
540
|
|
|
|
|
|
946.00
|
946.50
|
0.50
|
<500 -
950
|
|
|
|
|
|
954.00
|
956.00
|
2.00
|
<500 -
1170
|
|
|
|
|
|
964.00
|
964.50
|
0.50
|
<500 -
1440
|
AR-17-147c1
|
327
|
-70
|
621.50
|
133.90
|
454.00
|
454.50
|
0.50
|
<500 -
3000
|
|
|
|
|
|
492.50
|
495.50
|
3.00
|
<500 -
50000
|
|
|
|
|
|
510.00
|
511.00
|
1.00
|
<500 -
11000
|
|
|
|
|
|
515.00
|
515.50
|
0.50
|
<500 -
1800
|
|
|
|
|
|
521.00
|
525.00
|
4.00
|
<500 -
45000
|
|
|
|
|
|
532.50
|
536.50
|
4.00
|
<500 -
24400
|
|
|
|
|
|
541.50
|
545.00
|
3.50
|
<500 -
25500
|
|
|
|
|
|
556.50
|
567.50
|
11.00
|
<500 -
>61000
|
|
|
|
|
|
572.00
|
573.00
|
1.00
|
<500 -
9000
|
|
|
|
|
|
576.00
|
592.00
|
16.00
|
<500 -
>61000
|
|
|
|
|
|
599.00
|
599.50
|
0.50
|
<500 -
1400
|
|
|
|
|
|
606.00
|
607.00
|
1.00
|
<500 -
1200
|
AR-17-147c2
|
327
|
-70
|
660.50
|
133.90
|
454.50
|
455.00
|
0.50
|
<500 -
1300
|
|
|
|
|
|
498.50
|
499.50
|
1.00
|
1000 -
12000
|
|
|
|
|
|
530.00
|
530.50
|
0.50
|
700 -
10300
|
|
|
|
|
|
534.00
|
534.50
|
0.50
|
<500 -
7000
|
|
|
|
|
|
544.50
|
549.50
|
5.00
|
<500 -
25000
|
|
|
|
|
|
560.00
|
563.00
|
3.00
|
<500 -
22000
|
|
|
|
|
|
566.00
|
569.00
|
3.00
|
<500 -
6300
|
|
|
|
|
|
580.50
|
581.50
|
1.00
|
<500 -
550
|
|
|
|
|
|
592.00
|
593.00
|
1.00
|
<500 -
5500
|
|
|
|
|
|
605.00
|
612.50
|
7.50
|
<500 -
58000
|
|
|
|
|
|
618.50
|
619.00
|
0.50
|
<500 -
1000
|
|
|
|
|
|
624.00
|
626.00
|
2.00
|
<500 -
1800
|
|
|
|
|
|
629.50
|
630.50
|
1.00
|
<500 -
650
|
AR-17-147c3
|
327
|
-70
|
682.50
|
133.90
|
454.50
|
455.50
|
1.00
|
<500 -
2000
|
|
|
|
|
|
499.50
|
501.00
|
1.50
|
<500 -
12000
|
|
|
|
|
|
515.50
|
516.00
|
0.50
|
<500 -
530
|
|
|
|
|
|
528.50
|
529.50
|
1.00
|
<500 -
9500
|
|
|
|
|
|
536.50
|
539.50
|
3.00
|
<500 -
3000
|
|
|
|
|
|
542.00
|
543.00
|
1.00
|
<500 -
2500
|
|
|
|
|
|
546.50
|
552.00
|
5.50
|
<500 -
18600
|
|
|
|
|
|
554.50
|
563.50
|
9.00
|
<500 -
23000
|
|
|
|
|
|
573.00
|
573.50
|
0.50
|
<500 -
540
|
|
|
|
|
|
579.50
|
587.00
|
7.50
|
<500 -
43000
|
|
|
|
|
|
597.50
|
648.50
|
51.00
|
<500 -
>61000
|
|
|
|
|
|
651.50
|
656.50
|
5.00
|
<500 -
1200
|
AR-17-147c4
|
327
|
-70
|
870.50
|
133.90
|
522.50
|
527.00
|
4.50
|
<500 -
9950
|
|
|
|
|
|
529.50
|
530.00
|
0.50
|
<500 -
4600
|
|
|
|
|
|
560.00
|
561.50
|
1.50
|
<500 -
11000
|
|
|
|
|
|
574.00
|
574.50
|
0.50
|
<500 -
670
|
|
|
|
|
|
588.00
|
593.50
|
5.50
|
<500 -
18000
|
|
|
|
|
|
614.50
|
615.50
|
1.00
|
<500 -
2000
|
|
|
|
|
|
618.00
|
626.00
|
8.00
|
<500 -
37000
|
|
|
|
|
|
628.50
|
630.00
|
1.50
|
<500 -
20000
|
|
|
|
|
|
632.50
|
648.00
|
15.50
|
<500 -
>61000
|
|
|
|
|
|
655.00
|
660.50
|
5.50
|
<500 -
1360
|
|
|
|
|
|
668.00
|
668.50
|
0.50
|
<500 -
760
|
|
|
|
|
|
691.00
|
691.50
|
0.50
|
<500 -
750
|
|
|
|
|
|
695.00
|
696.00
|
1.00
|
<500 -
1100
|
|
|
|
|
|
713.00
|
715.00
|
2.00
|
<500 -
1100
|
|
|
|
|
|
717.50
|
723.50
|
6.00
|
<500 -
1700
|
|
|
|
|
|
729.00
|
732.00
|
3.00
|
<500 -
1800
|
|
|
|
|
|
752.50
|
770.00
|
17.50
|
<500 -
7600
|
|
|
|
|
|
792.50
|
794.50
|
2.00
|
<500 -
2550
|
|
|
|
|
|
804.50
|
814.00
|
9.50
|
<500 -
16000
|
|
|
|
|
|
848.50
|
853.00
|
4.50
|
<500 -
760
|
AR-17-148c1
|
327
|
-70
|
1054.00
|
N/A
|
505.00
|
505.50
|
0.50
|
<500 -
1200
|
|
|
|
|
|
682.00
|
682.50
|
0.50
|
<500 -
1200
|
|
|
|
|
|
689.00
|
690.00
|
1.00
|
<500 -
1700
|
|
|
|
|
|
699.50
|
711.00
|
11.50
|
<500 -
>61000
|
|
|
|
|
|
733.00
|
735.50
|
2.50
|
<500 -
5500
|
|
|
|
|
|
756.50
|
757.00
|
0.50
|
<500 -
700
|
|
|
|
|
|
759.50
|
765.50
|
6.00
|
<500 -
1900
|
|
|
|
|
|
768.50
|
771.50
|
3.00
|
<500 -
1200
|
|
|
|
|
|
774.00
|
777.00
|
3.00
|
<500 -
3500
|
|
|
|
|
|
791.00
|
794.00
|
3.00
|
<500 -
570
|
|
|
|
|
|
797.00
|
798.50
|
1.50
|
<500 -
900
|
|
|
|
|
|
802.00
|
805.50
|
3.50
|
<500 -
27000
|
|
|
|
|
|
808.50
|
815.50
|
7.00
|
<500 -
24000
|
|
|
|
|
|
969.50
|
973.00
|
3.50
|
<500 -
600
|
|
|
|
|
|
976.00
|
977.50
|
1.50
|
<500 -
1100
|
|
|
|
|
|
980.50
|
981.00
|
0.50
|
<500 -
580
|
|
|
|
|
|
983.50
|
984.00
|
0.50
|
<500 -
530
|
|
|
|
|
|
990.50
|
991.50
|
1.00
|
<500 -
600
|
AR-17-148c2
|
327
|
-70
|
1044.50
|
N/A
|
693.50
|
694.00
|
0.50
|
<500 -
980
|
|
|
|
|
|
705.50
|
706.00
|
0.50
|
<500 -
4700
|
|
|
|
|
|
711.50
|
712.50
|
1.00
|
<500 -
3400
|
|
|
|
|
|
715.00
|
715.50
|
0.50
|
<500 -
700
|
|
|
|
|
|
718.50
|
729.50
|
11.00
|
<500 -
10500
|
|
|
|
|
|
739.50
|
741.50
|
2.00
|
<500 -
2600
|
|
|
|
|
|
746.00
|
747.00
|
1.00
|
<500 -
1400
|
|
|
|
|
|
753.00
|
754.00
|
1.00
|
<500 -
1000
|
|
|
|
|
|
757.00
|
768.00
|
11.00
|
<500 -
1400
|
|
|
|
|
|
777.00
|
777.50
|
0.50
|
<500 -
630
|
|
|
|
|
|
788.00
|
789.00
|
1.00
|
530 -
2100
|
|
|
|
|
|
791.50
|
795.00
|
3.50
|
<500 -
770
|
|
|
|
|
|
805.50
|
806.00
|
0.50
|
<500 -
530
|
|
|
|
|
|
816.50
|
817.00
|
0.50
|
<500 -
1000
|
|
|
|
|
|
827.00
|
827.50
|
0.50
|
<500 -
540
|
|
|
|
|
|
831.50
|
837.00
|
5.50
|
<500 -
15000
|
|
|
|
|
|
841.00
|
841.50
|
0.50
|
<500 -
820
|
|
|
|
|
|
879.50
|
880.50
|
1.00
|
<500 -
1000
|
|
|
|
|
|
894.50
|
895.00
|
0.50
|
<500 -
1000
|
|
|
|
|
|
907.50
|
908.00
|
0.50
|
<500 -
1000
|
|
|
|
|
|
934.50
|
938.50
|
4.00
|
<500 -
1300
|
|
|
|
|
|
942.00
|
942.50
|
0.50
|
<500 -
630
|
|
|
|
|
|
945.50
|
946.00
|
0.50
|
<500 -
650
|
|
|
|
|
|
950.00
|
953.50
|
3.50
|
<500 -
1100
|
AR-17-149c1
|
345
|
-70
|
1014.50
|
134.90
|
618.50
|
619.50
|
1.00
|
<500 -
4400
|
|
|
|
|
|
627.00
|
630.50
|
3.50
|
<500 -
4800
|
|
|
|
|
|
636.00
|
636.50
|
0.50
|
<500 -
1400
|
|
|
|
|
|
643.00
|
647.50
|
4.50
|
<500 -
29000
|
|
|
|
|
|
693.00
|
701.50
|
8.50
|
<500 -
1390
|
|
|
|
|
|
713.50
|
720.00
|
6.50
|
<500 -
48000
|
|
|
|
|
|
764.00
|
765.00
|
1.00
|
<500 -
850
|
|
|
|
|
|
794.00
|
795.50
|
1.50
|
<500 -
7000
|
|
|
|
|
|
798.50
|
799.50
|
1.00
|
<500 -
3000
|
|
|
|
|
|
859.00
|
860.00
|
1.00
|
<500 -
750
|
|
|
|
|
|
869.00
|
873.50
|
4.50
|
<500 -
7000
|
AR-17-149c2
|
345
|
-70
|
897.50
|
134.90
|
623.00
|
625.00
|
2.00
|
<500 -
52000
|
|
|
|
|
|
638.00
|
638.50
|
0.50
|
<500 -
700
|
|
|
|
|
|
670.00
|
670.50
|
0.50
|
<500 -
1300
|
|
|
|
|
|
674.00
|
674.50
|
0.50
|
<500 -
880
|
|
|
|
|
|
679.50
|
680.00
|
0.50
|
<500 -
730
|
|
|
|
|
|
688.50
|
699.50
|
11.00
|
<500 -
13000
|
|
|
|
|
|
731.50
|
735.00
|
3.50
|
<500 -
12600
|
|
|
|
|
|
763.00
|
765.00
|
2.00
|
<500 -
6500
|
AR-17-154c1
|
327
|
-70
|
854
|
120.6
|
419.00
|
419.50
|
0.50
|
<500 -
680
|
|
|
|
|
|
594.00
|
594.50
|
0.50
|
<500 -
1800
|
|
|
|
|
|
598.00
|
598.50
|
0.50
|
<500 -
3360
|
|
|
|
|
|
606.50
|
607.00
|
0.50
|
<500 -
850
|
|
|
|
|
|
613.00
|
616.50
|
3.50
|
<500 -
8700
|
|
|
|
|
|
626.00
|
628.00
|
2.00
|
<500 -
1600
|
|
|
|
|
|
633.50
|
637.00
|
3.50
|
<500 -
1000
|
|
|
|
|
|
643.00
|
643.50
|
0.50
|
<500 -
510
|
|
|
|
|
|
646.00
|
646.50
|
0.50
|
<500 -
505
|
|
|
|
|
|
678.00
|
679.00
|
1.00
|
<500 -
3600
|
|
|
|
|
|
703.50
|
704.00
|
0.50
|
<500 -
1600
|
|
|
|
|
|
706.50
|
708.00
|
1.50
|
<500 -
3600
|
|
|
|
|
|
717.00
|
733.50
|
16.50
|
<500 -
>61000
|
|
|
|
|
|
736.50
|
737.50
|
1.00
|
<500 -
900
|
AR-17-154c2
|
327
|
-70
|
849.5
|
120.6
|
612.00
|
612.50
|
0.50
|
<500 -
1400
|
|
|
|
|
|
620.50
|
621.00
|
0.50
|
<500 -
510
|
|
|
|
|
|
737.50
|
738.00
|
0.50
|
<500 -
2200
|
AR-17-155c1
|
327
|
-70
|
828.5
|
128.6
|
422.50
|
423.50
|
1.00
|
<500 -
1000
|
|
|
|
|
|
426.00
|
426.50
|
0.50
|
<500 -
550
|
|
|
|
|
|
430.00
|
431.00
|
1.00
|
<500 -
2200
|
|
|
|
|
|
505.00
|
505.50
|
0.50
|
<500 -
810
|
|
|
|
|
|
509.50
|
510.00
|
0.50
|
800 -
18000
|
|
|
|
|
|
513.50
|
518.00
|
4.50
|
<500 -
12000
|
|
|
|
|
|
520.50
|
524.00
|
3.50
|
<500 -
13000
|
|
|
|
|
|
531.00
|
532.00
|
1.00
|
<500 -
25000
|
|
|
|
|
|
536.50
|
537.50
|
1.00
|
<500 -
6800
|
|
|
|
|
|
547.00
|
556.50
|
9.50
|
<500 -
23000
|
|
|
|
|
|
577.00
|
577.50
|
0.50
|
<500 -
2800
|
|
|
|
|
|
584.00
|
586.00
|
2.00
|
<500 -
4700
|
|
|
|
|
|
589.50
|
590.00
|
0.50
|
<500 -
900
|
|
|
|
|
|
606.00
|
615.00
|
9.00
|
<500 -
1600
|
|
|
|
|
|
620.00
|
630.00
|
10.00
|
<500 -
1200
|
|
|
|
|
|
637.00
|
637.50
|
0.50
|
<500 -
510
|
|
|
|
|
|
646.50
|
647.00
|
0.50
|
<500 -
520
|
|
|
|
|
|
681.00
|
690.00
|
9.00
|
<500 -
3100
|
|
|
|
|
|
693.00
|
698.00
|
5.00
|
<500 -
6300
|
|
|
|
|
|
702.50
|
703.00
|
0.50
|
<500 -
2200
|
|
|
|
|
|
705.50
|
706.50
|
1.00
|
<500 -
1550
|
|
|
|
|
|
723.00
|
723.50
|
0.50
|
<500 -
780
|
|
|
|
|
|
733.00
|
734.50
|
1.50
|
<500 -
2800
|
AR-17-155c2
|
327
|
-70
|
600.5
|
128.6
|
458.50
|
459.50
|
1.00
|
<500 -
920
|
|
|
|
|
|
463.00
|
464.00
|
1.00
|
<500 -
3200
|
|
|
|
|
|
466.50
|
477.50
|
11.00
|
<500 -
37000
|
|
|
|
|
|
480.00
|
481.50
|
1.50
|
<500 -
2400
|
|
|
|
|
|
486.50
|
487.00
|
0.50
|
<500 -
5350
|
|
|
|
|
|
490.00
|
492.00
|
2.00
|
<500 -
21000
|
|
|
|
|
|
501.00
|
501.50
|
0.50
|
<500 -
510
|
|
|
|
|
|
504.00
|
505.00
|
1.00
|
<500 -
21000
|
|
|
|
|
|
511.50
|
515.00
|
3.50
|
<500 -
16000
|
|
|
|
|
|
519.00
|
520.00
|
1.00
|
<500 -
2600
|
|
|
|
|
|
522.50
|
530.00
|
7.50
|
<500 -
49600
|
|
|
|
|
|
534.00
|
534.50
|
0.50
|
<500 -
1900
|
|
|
|
|
|
537.00
|
538.50
|
1.50
|
<500 -
6000
|
|
|
|
|
|
542.50
|
545.00
|
2.50
|
<500 -
3200
|
|
|
|
|
|
551.00
|
552.00
|
1.00
|
<500 -
3600
|
|
|
|
|
|
560.50
|
578.00
|
17.50
|
<500 -
>61000
|
|
|
|
|
|
584.50
|
586.50
|
2.00
|
<500 -
950
|
AR-17-1556c1
|
327
|
-70
|
858.5
|
N/A
|
657.50
|
662.00
|
4.50
|
<500 -
12900
|
|
|
|
|
|
664.50
|
665.00
|
0.50
|
<500 -
1300
|
|
|
|
|
|
671.50
|
674.00
|
2.50
|
<500 -
21000
|
|
|
|
|
|
676.50
|
703.00
|
26.50
|
<500 -
30500
|
|
|
|
|
|
707.50
|
711.00
|
3.50
|
<500 -
3600
|
|
|
|
|
|
743.50
|
744.00
|
0.50
|
<500 -
560
|
GAR-17-001
|
327
|
-70
|
597.1
|
115
|
272.00
|
277.00
|
5.00
|
<500 -
1150
|
|
|
|
|
|
280.00
|
301.00
|
21.00
|
<500 -
2300
|
|
|
|
|
|
417.50
|
419.50
|
2.00
|
<500 -
700
|
|
|
|
|
|
493.50
|
494.00
|
0.50
|
<500 -
700
|
|
|
|
|
|
531.50
|
537.50
|
6.00
|
<500 -
54000
|
Parameters:
- Maximum internal dilution 2.00 m downhole
- All depths and intervals are meters 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 estimated.
- "Anomalous" means >500 cps (counts per second) total count
gamma readings by gamma scintillometer type RS-120
- "Off-scale" means >10,000 cps (counts per second) total
count gamma readings by gamma scintillometer type RS-120
- Where "Min cps" is <500 cps, this refers to local low
radiometric zones within the overall radioactive interval
Arrow Deposit Drilling
AR-17-129c5
Hole AR-17-129c5 was a directional hole that departed its pilot
hole at a depth of 471 m. This step-out hole was designed to test
the A4 shear approximately 50 m up-dip of AR-17-129c1. Directional
drilling was initiated at 486 m. The A3 and A4 shears were both
intersected at an inclination of -60°. Basement lithologies were
intersected beginning at the top of the hole and consisted largely
of semi-pelitic gneiss to granofel and relatively narrow intervals
of pelitic gneiss and mylonite (the A3 and A4 shears). Anomalous to
strongly anomalous radioactivity was intersected in the A3 and A4
shears in association with stringers, disseminated, foliation, and
fracture-controlled mineralization. A total composite
mineralization of 71.0 m including 5.85 m of off-scale
radioactivity (>10,000 to >61,000 cps) was intersected within
a 295.0 m section (616.5 to 911.5 m). In the A3 shear, 49.0 m of
composite mineralization including 2.35 m of off-scale
radioactivity was intersected. In the A4 shear, 17.0 m of composite
mineralization including 3.1 m of off-scale radioactivity was
intersected. An additional 1.5 m of composite mineralization was
intersected in the A2 shear and 3.5 m of composite mineralization
including 0.4 m of off-scale radioactivity was intersected in the
A5 shear. The hole was terminated at 960.5 m.
AR-17-129c6
Hole AR-17-129c6 was a directional hole that departed its pilot
hole at a depth of 504 m. This step-out hole was designed to test
A4 shear 50 m down-dip and northeast of AR-15-57c2. Directional
drilling was initiated at 516 m. The A4 shear was intersected at an
inclination of -64°. Basement lithologies were intersected
beginning at the top of the hole and consisted largely of
semi-pelitic gneiss to granofel and relatively narrow intervals of
pelitic gneiss and mylonite (the A3 and A4 shears). Anomalous
radioactivity was intersected in the A4 shear in association with
disseminated and fracture-controlled uranium mineralization. A
total composite mineralization of 2.5 m was intersected within a
222.5 m section (595.0 to 817.5 m). In the A4 shear, 2.0 m of
composite mineralization was intersected. An additional 0.5 m of
mineralization was intersected in the A5 shear. The hole was
terminated at 876.5 m.
AR-17-129c7
Hole AR-17-129c7 was a directional hole that departed its pilot
hole at a depth of 255 m. This step-out hole was designed to test
A4 shear 15 m up-dip and northeast of AR-15-57c3. Directional
drilling was initiated at 268 m. The A3 and A4 shears were
intersected at an inclination of -64°. Basement lithologies were
intersected beginning at the top of the hole and consisted largely
of semi-pelitic gneiss to granofel and relatively narrow intervals
of pelitic gneiss and mylonite (the A3 and A4 shears).
Anomalous to strongly anomalous radioactivity was intersected in
the A3 and A4 shears in association with stringers, disseminated,
foliation, and fracture-controlled mineralization. A total
composite mineralization of 28.5 m including 1.4 m of off-scale
radioactivity (>10,000 to >58,000 cps) was intersected within
a 207.0 m section (650.0 to 857.0 m). In the A3 shear, 11.5 m of
composite mineralization was intersected. In the A4 shear, 12.5 m
of composite mineralization including 1.3 m of off-scale
radioactivity was intersected. An additional 4.5 m of composite
mineralization was intersected in the A5 shear including 0.1 m of
off-scale radioactivity. The hole was terminated at 960.5 m.
AR-17-143c2
Hole AR-17-143c2 was a directional hole that departed pilot hole
AR-17-143c1 at a depth of 204 m. This step-out hole was designed to
the southwest gap 50 m up-dip of AR-17-143c1. Directional drilling
was initiated at 219 m. The A4 shear was intersected at an
inclination of -68°. Basement lithologies were intersected
beginning at the top of the hole and consisted largely of
semi-pelitic and relatively narrow intervals of pelitic gneiss and
mylonite (the A4 shear). Anomalous radioactivity was intersected in
the A4 shear in association with disseminated uranium
mineralization. A total composite mineralization of 0.5 m was
intersected in the A4 shear. The hole was terminated at 729.5
m.
AR-17-143c3
Hole AR-17-143c3 was a directional hole that departed pilot hole
AR-17-143c2 at a depth of 221 m. This step-out hole was designed to
the southwest gap 50 down dip of AR-17-143c1. Directional drilling
was initiated at 231 m. The A4 shear was intersected at an
inclination of -72°. Basement lithologies were intersected
beginning at the top of the hole and consisted largely of
semi-pelitic and relatively narrow intervals of pelitic gneiss and
mylonite (the A4 and A5 shears). Anomalous radioactivity was
intersected in the A4 and A5 shears in association with stringers,
disseminated, fracture, and foliation-controlled pitchblende
mineralization. A total composite mineralization of 45.0 m
including 1.45 m of off-scale radioactivity (>10,000 to
>61,000 cps) was intersected within a 276.5 m section (662.0 to
938.5 m). In the A4 shear, 29.5 m of composite mineralization
including 0.15 m of off-scale radioactivity was intersected. In the
A5 shear, 15.5 m of composite mineralization including 1.3 m of
off-scale radioactivity was intersected. The hole was terminated at
974 m.
AR-17-146c1
Hole AR-17-146c1 was a step-out hole collared from surface at an
angled orientation (-70°) to the northwest (327° Azimuth). The hole
was designed to test the southwest gap 50 m up-dip and northeast of
AR-16-103. Directional drilling was initiated at 201 m. The A3
shear was intersected at an inclination of -62°. Basement
lithologies were intersected beginning at 110.4 m which consisted
largely of semi-pelitic gneiss to granofel and relatively narrow
intervals of pelitic gneiss and mylonite (A3 and A4 shears).
Athabasca Group sandstones were not intersected. Anomalous to
strongly anomalous radioactivity was intersected in the A3 and A4
shears in association with stringers, disseminated, foliation, and
fracture-controlled pitchblende mineralization. A total composite
mineralization of 38.5 m including 0.5 m of off-scale radioactivity
(>10,000 to 45,000 cps) was intersected within a 166.5 m section
(630.5 to 797.0 m). In the A3 shear, 36.0 m of composite
mineralization including 0.4 m of off-scale radioactivity was
intersected. In the A4 shear, 1.0 m of composite mineralization
including 0.1 m of off-scale radioactivity was intersected. An
additional 1.5 m of composite mineralization was intersected in the
A2 shear. The hole was terminated at 910.5 m.
AR-17-146c2
Hole AR-17-146c2 was a directional hole that departed pilot hole
AR-17-146c1 at a depth of 331 m. This step-out hole was designed to
test the southwest gap 50 m down-dip and northeast of AR-16-103.
Directional drilling was initiated at 348 m. The A3 and A4 shears
were both intersected at inclinations of -66°. Basement lithologies
were intersected beginning at the top of the hole and consisted
largely of semi-pelitic gneiss and relatively narrow intervals of
pelitic gneiss and mylonite (the A3 and A4 shears). Anomalous to
strongly anomalous radioactivity was intersected in the A3 and A4
shears in association with disseminated, fracture, and
foliation-controlled pitchblende mineralization. A total composite
mineralization of 36.0 m including 2.55 m of off-scale
radioactivity (>10,000 to >61,000 cps) was intersected within
a 121 m section (661.5 to 782.5 m). In the A3 shear, 28.0 m of
composite mineralization including 2.5 m of off-scale radioactivity
was intersected. In the A4 shear, 8.0 m of composite mineralization
including 0.05 of off-scale radioactivity was intersected. The hole
was terminated at 907.0 m.
AR-17-146c3
Hole AR-17-146c3 was a directional hole that departed hole
AR-17-146c2 at a depth of 481 m. This step-out hole was designed to
test the southwest gap 90 m down-dip and northeast of AR-16-103.
Directional drilling was initiated at 496 m. The A3 and A4 shears
were both intersected at inclinations of -69°. Basement lithologies
were intersected beginning at the top of the hole and consisted
largely of semi-pelitic gneiss and relatively narrow intervals of
pelitic gneiss and mylonite (the A2 through A4 shears). Anomalous
to strongly anomalous radioactivity was intersected in the A2
through the A4 shears in association with disseminated, fracture,
and foliation-controlled pitchblende mineralization. A total
composite mineralization of 55.0 m including 0.45 m of off-scale
radioactivity (>10,000 to 15,000 cps) was intersected within a
287.5 m section (677.0 to 964.5 m). In the A2 shear, 3.5 m of
composite mineralization was intersected. In the A3 shear, 44.0 m
of composite mineralization including 0.45 m of off-scale
radioactivity was intersected. In the A4 shear, 7.5 m of composite
mineralization was intersected. The hole was terminated at 993.5
m.
AR-17-147c1
Hole AR-17-147c1 was a directional hole collared from surface at
an angled orientation (-70°) to the northwest (327° azimuth). This
infill hole was designed to test the A3 shear 30 m down-dip and
northeast of AR-17-121c1. Directional drilling was initiated at 201
m. The A3 shear was intersected at an inclination of -65°. Strongly
bleached Athabasca Group sandstone was intersected from 123.1 m to
the unconformity at 133.9 m. Basement lithologies consisted largely
of semi-pelitic gneiss to granofel and relatively narrow intervals
of pelitic gneiss and mylonite (A3 and A4 shears). Anomalous to
strongly anomalous radioactivity was intersected in the A3 and A4
shears in association with stringers, disseminated,
fracture-controlled, foliation-controlled, and semi-massive
pitchblende mineralization. A total composite mineralization of
46.0 m including 5.1 m of off-scale radioactivity (>10,000 to
>61,000 cps) was intersected within a 153.0 m section (454.0 to
607.0 m). In the A3 shear, 41.0 m of composite mineralization was
intersected including 4.3 m of off-scale radioactivity. In the A4
shear, 5.0 m of composite mineralization including 0.8 m of
off-scale radioactivity was intersected. The hole was terminated at
621.5 m.
AR-17-147c2
Hole AR-17-147c2 was a directional hole that departed pilot hole
AR-17-147c1 at a depth of 432 m. This infill hole was designed to
test the A3 shear 25 m below AR-17-147c1. Directional drilling was
initiated at 441 m. The A3 shear was intersected at an inclination
of -69°. Basement lithologies were intersected beginning at the top
of the hole and consisted largely of semi-pelitic gneiss and
relatively narrow intervals of pelitic gneiss and mylonite (A3 and
A4 shears). Anomalous to strongly anomalous radioactivity was
intersected in the A3 and A4 shears in association with stringers,
disseminated, fracture-controlled, and semi-massive pitchblende
mineralization. A total composite mineralization of 26.5 m
including 4.8 m of off-scale radioactivity (>10,000 to 58,000
cps) was intersected within a 176 m section (454.5 to 630.5 m). In
the A3 shear, 25.0 m of composite mineralization including 4.6 m of
off-scale radioactivity was intersected. In the A4 shear, 1.5 m of
composite mineralization including 0.2 m of off-scale radioactivity
was intersected. The hole was terminated at 660.5 m.
AR-17-147c3
Hole AR-17-147c3 was a directional hole that departed pilot hole
AR-17-147c2 at a depth of 448 m. This infill hole was designed to
test the A3 shear 25 m below AR-17-147c2. Directional drilling was
initiated at 458 m. The A3 shear was intersected at an inclination
of -73°. Basement lithologies were intersected beginning at the top
of the hole and consisted largely of semi-pelitic gneiss and
relatively narrow intervals of pelitic gneiss and mylonite (A3 and
A4 shears). Anomalous to strongly anomalous radioactivity was
intersected in the A3 and A4 shears in association with stringers,
disseminated, fracture-controlled, foliation-controlled, and
semi-massive pitchblende mineralization. A total composite
mineralization of 86.5 m including 17.45 m of off-scale
radioactivity (>10,000 to >61,000 cps) was intersected within
a 202 m section (454.5 to 656.5 m). In the A3 shear, 79.5 m of
composite mineralization including 17.35 m of off-scale
radioactivity was intersected. In the A4 shear, 7.0 m of composite
mineralization including 0.1 m of off-scale radioactivity was
intersected. The hole was terminated at 682.5 m.
AR-17-147c4
Hole AR-17-147c4 was a directional hole that departed pilot hole
AR-17-147c1 at a depth of 210 m. This infill hole was designed to
test the A3 shear 25 m below AR-17-147c3. Directional drilling was
initiated at 222 m. The A3 shear was intersected at an inclination
of -72°. Basement lithologies were intersected beginning at the top
of the hole and consisted largely of semi-pelitic gneiss and
relatively narrow intervals of pelitic gneiss and mylonite (the A2
through A4 shears). Anomalous to strongly anomalous radioactivity
was intersected in the A2 through A4 shears in association with
stringers, disseminated, fracture-controlled, and
foliation-controlled pitchblende mineralization. A total composite
mineralization of 90.5 m including 5.7 m of off-scale radioactivity
(>10,000 to >61,000 cps) was intersected within a 330.5 m
section (522.5 to 853.0 m). In the A2 shear, 16.0 m of composite
mineralization including 0.15 m of off-scale radioactivity was
intersected. In the A3 shear, 67.5 m of composite mineralization
including 5.45 m of off-scale radioactivity was intersected. In the
A4 shear, 7.0 m of composite mineralization including 0.1 m of
off-scale radioactivity was intersected. The hole was terminated at
870.5 m.
AR-17-148c1
Hole AR-17-148c1 was a directional hole collared from the
surface at an angled orientation (-70°) to the northwest (327°
azimuth). This step-out hole was designed to the southwest gap 50 m
below AR-16-103. Directional drilling was initiated at 300 m. The
A3 shear was intersected at an inclination of -69°.
Basement lithologies were intersected beginning at 108.0 m which
dominantly consist of semi-pelitic gneiss with relatively narrow
intervals of graphitic pelitic gneiss and mylonite (the A2 through
A4 shears). The hole successfully intersected anomalous to strongly
anomalous radioactivity in the A2 through A4 shears in association
with disseminated, foliation-controlled, and fracture-controlled
pitchblende mineralization. A total composite mineralization of
50.5 m including 2.0 m of off-scale radioactivity (>10,000 to
>61,000 cps) was intersected within a 486.5 m section (505.0 to
991.5 m). In the A2 shear, 7.0 m of composite mineralization was
intersected. In the A3 shear, 15.0 m of composite mineralization
including 1.0 m of off-scale radioactivity was intersected. In the
A4 shear, 28.0 m of composite mineralization was intersected
including 1.0 m of off-scale radioactivity. An additional 0.5 m of
composite mineralization was intersected in the A5 shear. The hole
was terminated at a depth of 1054.0 m.
AR-17-148c2
Hole AR-17-148c2 was a directional hole that departed pilot hole
AR-17-148c1 at a depth of 628 m. This step-out hole was designed to
the southwest gap 100 m down-dip of AR-16-103. Directional drilling
was initiated at 642 m. The A3 shear was intersected at an
inclination of -76°.Basement lithologies were intersected beginning
at the top of the hole and consisted largely of semi-pelitic gneiss
to granofel and relatively narrow intervals of pelitic gneiss and
mylonite (A3 and A4 shears). The hole successfully intersected
anomalous to strongly anomalous radioactivity in the A3 and A4
shears in association with disseminated, and fracture-controlled
pitchblende mineralization. A total composite mineralization of
51.5 m including 0.2 m of off-scale radioactivity (>10,000 to
15,000 cps) was intersected within a 260 m section (693.5 to 953.5
m). In the A3 shear, 10.5 m of composite mineralization was
intersected. In the A4 shear, 41.0 m of composite mineralization
including 0.2 m of off-scale radioactivity was intersected. The
hole was terminated at a depth of 1044.5 m.
AR-17-149c1
Hole AR-17-149c1 was a directional hole collared from the
surface at an angled orientation (-70°) to the northwest (345°
Azimuth). It was a step-out hole designed to test the northeast gap
110 m down-dip and northeast of AR-17-116c2. Directional drilling
was initiated at 201 m. The A3 shear was intersected at an
inclination of -68°.The hole intersected bleached Athabasca Group
sandstones between 122.0 m and the unconformity at 134.9 m.
Basement lithologies dominantly consisted of semi-pelitic gneiss
with relatively narrow intervals of graphitic pelitic gneiss and
mylonite (the A2 and A3 shears). The hole successfully intersected
anomalous to strongly anomalous radioactivity in the A2 and A3
shears in association with stringers, disseminated,
foliation-controlled, and fracture-controlled pitchblende
mineralization. A total composite mineralization of 33.5 m
including 0.95 m of off-scale radioactivity (>10,000 to 48,000
cps) was intersected within a 255 m section (618.5 to 873.5 m). In
the A2 shear, 9.0 m of composite mineralization was intersected. In
the A3 shear, 24.5 m of composite mineralization including 0.95 m
of off-scale radioactivity was intersected. The hole was terminated
at a depth of 1014.5 m.
AR-17-149c2
Hole AR-17-149c2 was a directional hole that departed pilot hole
AR-17-149c1 at a depth of 540 m. This step-out hole was designed to
test the northeast gap 50 m above AR-17-149c1. Directional drilling
was initiated at 552 m. The A2 shear was intersected at an
inclination of -64°. Basement lithologies were intersected from the
top of the hole and dominantly consisted of semi-pelitic gneiss
with relatively narrow intervals of graphitic pelitic gneiss and
mylonite (the A2 through A3 shears). The hole successfully
intersected anomalous radioactivity in the A2 and A3 shears in
association with stringers, disseminated, fracture-controlled, and
foliation-controlled pitchblende mineralization. A total composite
mineralization of 20.5 m including 0.6 m of off-scale radioactivity
(>10,000 to 52,000 cps) was intersected within a 142 m section
(623.0 to 765.0 m). In the A2 shear, 5.5 m of composite
mineralization including 0.2 m of off-scale radioactivity was
intersected. In the A3 shear, 15.0 m of composite mineralization
including 0.4 m of off-scale radioactivity was intersected. The
hole was terminated at a depth of 897.5 m.
AR-17-154c1
Hole AR-17-154c1 was a directional hole collared from the
surface at an angled orientation (-70°) to the northwest (327°
Azimuth). It was a step-out hole designed to test the northeast gap
20 m up-dip and northeast of AR-17-133c2. Directional drilling was
initiated at 205 m. The A2 shear was intersected at an inclination
of -65°. The hole intersected bleached Athabasca Group sandstones
between 108.9 m and the unconformity at 120.6 m. Basement
lithologies dominantly consisted of semi-pelitic gneiss with
relatively narrow intervals of graphitic pelitic gneiss and
mylonite (the A2 and A3 shears). The hole successfully intersected
anomalous to strongly anomalous radioactivity in the A2 through the
A4 shears in association with stringers, disseminated,
foliation-controlled, and fracture-controlled pitchblende
mineralization. A total composite mineralization of 32.5 m
including 1.8 m of off-scale radioactivity (>10,000 to
>61,000 cps) was intersected within a 318.5 m section (419.0 to
737.5 m). In the A2 shear, 21.0 m of composite mineralization
including 1.8 m of off-scale radioactivity was intersected. In the
A3 shear, 11.0 m of composite mineralization was intersected.
Additionally, 0.5 m of composite mineralization was intersected in
the A4 shear. The hole was terminated at a depth of 854.0 m.
AR-17-154c2
Hole AR-17-154c2 was a directional hole that departed pilot hole
AR-17-154c1 at a depth of 228 m. This step-out hole was designed to
test the northeast gap 80 m up-dip and northeast of AR-17-149c1 m.
Directional drilling was initiated at 244 m. The A2 shear was
intersected at an inclination of -68°. Basement lithologies were
intersected from the top of the hole and dominantly consisted of
semi-pelitic gneiss with relatively narrow intervals of graphitic
pelitic gneiss and mylonite (the A2 through A3 shears). The hole
successfully intersected anomalous radioactivity in the A2 and A3
shears in association with stringers, disseminated,
fracture-controlled, and foliation-controlled pitchblende
mineralization. A total composite mineralization of 1.5 m was
intersected within a 126 m section (612.0 to 738.0 m). In the A2
shear, 0.5 m of composite mineralization was intersected. In the A3
shear, 1.0 m of composite was intersected. The hole was terminated
at a depth of 849.5 m.
AR-17-155c1
Hole AR-17-155c1 was a directional hole collared from surface at
an angled orientation (-70°) to the northwest (327° azimuth). This
infill hole was designed to test the A3 shear 22 m up-dip from
AR-17-118c1. Directional drilling was initiated at 202 m. The A3
shear was intersected at an inclination of -69°. Strongly bleached
Athabasca Group sandstone was intersected from 120.7 m to the
unconformity at 128.7 m. Basement lithologies consisted largely of
semi-pelitic gneiss to granofel and relatively narrow intervals of
pelitic gneiss and mylonite (A2 through the A4 shears). Anomalous
to strongly anomalous radioactivity was intersected in the A2
through A4 shears in association with stringers, disseminated,
fracture-controlled, and foliation-controlled pitchblende
mineralization. A total composite mineralization of 63.5 m
including 0.85 m of off-scale radioactivity (>10,000 to 25,000
cps) was intersected within a 312.0 m section (422.5 to 734.5 m).
In the A2 shear, 17.5 m of composite mineralization was
intersected. In the A3 shear, 38.0 m of composite mineralization
was intersected including 0.55 m of off-scale radioactivity. In the
A4 shear, 8.0 m of composite mineralization including 0.3 m of
off-scale radioactivity was intersected. The hole was terminated at
828.5 m.
AR-17-155c2
Hole AR-17-155c2 was a directional hole that departed pilot hole
AR-17-155c1 at a depth of 202 m. This infill hole was designed to
test the A3 shear 34 m up-dip of AR-15-057c5. Directional drilling
was initiated at 202 m. The A3 shear was intersected at an
inclination of -67°. Basement lithologies were intersected
beginning at the top of the hole and consisted largely of
semi-pelitic gneiss and relatively narrow intervals of pelitic
gneiss and mylonite (A3 and A4 shears). Anomalous to strongly
anomalous radioactivity was intersected in the A3 and A4 shears in
association with stringers, disseminated, fracture-controlled,
foliation-controlled and worm rock pitchblende mineralization. A
total composite mineralization of 55.5 m including 5.7 m of
off-scale radioactivity (>10,000 to >61,000 cps) was
intersected within a 128 m section (458.5 to 586.5 m). In the A3
shear, 41.0 m of composite mineralization including 5.15 m of
off-scale radioactivity was intersected. In the A4 shear, 14.5 m of
composite mineralization including 0.55 m of off-scale
radioactivity was intersected. The hole was terminated at 600.5
m.
AR-17-156c1
Hole AR-17-156c1 was a step-out hole collared from surface at an
angled orientation (-70°) to the northwest (327° Azimuth). The hole
was designed to test the southwest gap 45 m southwest of AR-16-103.
Directional drilling was initiated at 157 m. The A3 shear was
intersected at an inclination of -63°. Basement lithologies were
intersected beginning at 103.5 m which consisted largely of
semi-pelitic gneiss to granofel and relatively narrow intervals of
pelitic gneiss and mylonite (A3 and A4 shears). Athabasca Group
sandstones were not intersected. Anomalous to strongly anomalous
radioactivity was intersected in the A3 and A4 shears in
association with stringers, disseminated, foliation, and
fracture-controlled pitchblende mineralization. A total composite
mineralization of 38.0 m including 3.0 m of off-scale radioactivity
(>10,000 to 30,500 cps) was intersected within an 86.5 m section
(657.5 to 744.0 m). In the A3 shear, 33.5 m of composite
mineralization including 2.8 m of off-scale radioactivity was
intersected. In the A4 shear, 4.5 m of composite mineralization
including 0.2 m of off-scale radioactivity was intersected. The
hole was terminated at a depth of 858.5 m.
GAR-17-001
GAR-17-001 was the first hole drilled in the geotechnical
segment of the Pre-Feasibility Study. The hole was collared from
surface at an angled orientation (-70°) to the northwest (327°
azimuth). The purpose of the hole was to provide data on the
geotechnical and hydrogeological characteristics of the Arrow
Deposit host rocks and overburden. Strongly bleached Athabasca
Group sandstone was intersected from 104.2 m to the unconformity at
115.0 m. Basement lithologies consisted largely of semi-pelitic
gneiss to granofel and relatively narrow intervals of pelitic
gneiss and mylonite associated with the A1 shear zone. Anomalous to
strongly anomalous radioactivity was intersected in the A1 shear in
association with stringers, disseminated, and fracture-controlled
pitchblende mineralization. A second zone of strongly anomalous
radioactivity anchored by a narrow vein of semi-massive pitchblende
mineralization was intersected in a new area northwest of the A1
shear. A total composite mineralization of 34.5 m including 0.9 m
of off-scale radioactivity (>10,000 to 54,000 cps) was
intersected within a 265.5 m section (272.0 m to 537.5 m). In the
A1 shear, 28.0 m of composite mineralization was intersected. In
the new zone northwest of the A1 shear, 6.5 m of composite
mineralization was intersected including 0.9 m of off-scale
radioactivity. The hole was terminated at a depth of 597.1 m.
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 Discovery in
February 2014 and Bow Discovery in
March 2015 and the Harpoon discovery
in August 2016. 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 M tonnes 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.
Technical Information
Natural gamma radiation in drill core reported in this news
release was measured in counts per second (cps) using a Radiation
Solutions Inc. RS-120 gamma-ray scintillometer. The reader is
cautioned that total count gamma readings may not be directly or
uniformly related to uranium grades of the rock sample measured;
they should be used only as a preliminary indication of the
presence of radioactive minerals.
Split core samples will be taken systematically, and intervals
will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC
17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples sent to
SRC will be analyzed using ICP-MS for trace elements on partial and
total digestions, ICP-OES for major and minor elements on a total
digestion, and fusion solution of boron by ICP-OES. Mineralized
samples are analyzed for U3O8 by ICP-OES and
select samples for gold by fire assay. Assay results will be
released when received and after stringent internal QA/QC protocols
are passed.
All scientific and technical information in this news release
has been prepared by or reviewed and approved by Mr. Garrett Ainsworth, P.Geo., Vice President –
Exploration & Development for NexGen. Mr. Ainsworth is a
qualified person for the purposes of National Instrument 43-101
Standards of Disclosure for Mineral Projects ("NI 43-101"), and has
verified the sampling, analytical, and test data underlying the
information or opinions contained herein by reviewing original data
certificates and monitoring all of the data collection protocols.
For details of the Rook I Project including the quality assurance
program and quality control measures applied and key assumptions,
parameters and methods used to estimate the mineral resource please
refer to the technical report entitled "Technical Report on the
Preliminary Economic Assessment of the Arrow Deposit, Rook 1
Property, Province of Saskatchewan,
Canada" dated effective September 1,
2017 (the "Rook 1 Technical Report") prepared by
Jason J. Cox, David M. Robson, Mark B.
Mathisen, David A. Ross,
Val Coetzee and Mark Wittrup, each of whom is a "qualified
person" under NI 43-101. The Rook I Technical Report is available
for review under the Company's profile on SEDAR at www.sedar.com.
All intersections are downhole, true thicknesses are yet to be
determined.
U.S. investors are advised that while the terms "indicated
resources" and "inferred resources" are recognized and required by
Canadian regulations, the U.S. Securities and Exchange Commission
does not recognize these terms. U.S. investors are cautioned not to
assume that any part or all of the material in these categories
will ever be converted into mineral reserves.
Forward-Looking Information
The information contained herein contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is
not limited to, statements with respect to the activities, events
or developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, the completion
of the technical report in support of the PEA. Generally, but not
always, forward-looking information and statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation
thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the
negative connotation thereof.
Forward-looking information and statements are based on the
then current expectations, beliefs, assumptions, estimates and
forecasts about NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements are
made based upon numerous assumptions, including among others, that
the proposed transaction will be completed, the results of planned
exploration activities are as anticipated, the price of uranium,
the cost of planned exploration activities, that financing will be
available if and when needed and on reasonable terms, that third
party contractors, equipment, supplies and governmental and other
approvals required to conduct NexGen's planned exploration
activities will be available on reasonable terms and in a timely
manner and that general business and economic conditions will not
change in a material adverse manner. Although the assumptions made
by the Company in providing forward looking information or making
forward looking statements are considered reasonable by management
at the time, there can be no assurance that such assumptions will
prove to be accurate
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual results, performances and achievements of NexGen to
differ materially from any projections of results, performances and
achievements of NexGen expressed or implied by such forward-looking
information or statements, including, among others, negative
operating cash flow and dependence on third party financing,
uncertainty of the availability of additional financing, the risk
that pending assay results will not confirm previously announced
preliminary results, imprecision of mineral resource estimates, the
appeal of alternate sources of energy and sustained low uranium
prices, aboriginal title and consultation issues, exploration
risks, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licenses, changes in laws,
regulations and policy, competition for resources and financing,
and other factors discussed or referred to in the Company's Annual
Information Form dated March 31, 2017
under "Risk Factors".
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking information
and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws.
SOURCE NexGen Energy Ltd.