VANCOUVER, Dec. 11, 2017 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is pleased
to report assay results for 21 holes from Arrow as part of our
recently concluded summer drilling program on our 100% owned, Rook
I property, in the Athabasca
Basin, Saskatchewan.
Arrow Highlights:
A3 Infill Drilling
- AR-17-147c3 intersected 60.0
m at 3.70% U3O8 (597.5 to
657.5 m) including 33.0 m at 6.51% U3O8
(607.0 to 640.0 m) and
6.0 m at 17.68%
U3O8 (634.0 to 640.0 m). This is the best assay to date
at the Arrow Deposit in the A3 Shear.
- AR-17-155c2 intersected 18.5
m at 4.32% U3O8 (560.5 to
579.0 m) including 7.0 m at 11.23% U3O8
(562.0 to 569.0 m) in the A3
shear.
- AR-17-147c2 intersected 28.5
m at 1.74% U3O8 (604.0 to
632.5 m) including 5.5 m at 8.56% U3O8
(605.0 to 610.5 m) in the A3
shear.
Step-Out Drilling
Assays from step-out drilling in both the Southwest and
Northeast 'Gaps' confirms mineralization is now known to be
continuous in both of these resource expansion
areas.
Southwest Gap Step-Outs
- AR-17-156c1 intersected 32.5
m at 1.04% U3O8 (670.5 to
703.0 m) including 9.0 m at 2.72% U3O8
(676.5 to 685.5 m) in the Southwest
Gap.
Northeast Gap Step-Outs
- AR-17-129c5 intersected 3.5
m at 3.37% U3O8 (757.5 to
761.0 m) and 8.0 m at 1.54% U3O8
(766.0 to 774.0 m) and
23.5 m at 0.97%
U3O8 (851.5 to 875.0 m) in the Northeast Gap.
- AR-17-129c7 intersected 13.0
m at 1.63% U3O8 (783.0 to
796.0 m) including 5.5 m at 3.80% U3O8
(783.0 to 788.5 m) in the Northeast
Gap.
Drill hole locations and long sections are shown in Figures 1 to
3.
Development, Activities & Financial
- Assay results for 28 holes at the Arrow Deposit and 31 holes
from South Arrow remain pending.
- Multiple advanced-stage technical studies including
geotechnical work, hydrogeological work, and metallurgy continue in
advance of the maiden Pre-Feasibility Study scheduled to be
published in Q3/2018.
- Planning for winter 2018 development and exploration program is
advanced.
- The Company has cash on hand of approximately $165 million.
Garrett Ainsworth,
Vice-President, Exploration and Development, commented: "These
Arrow drill assays are impressive results for both the A3 High
Grade Domain infill and resource expansion areas in the Southwest
and Northeast Gaps. The A3 High Grade Domain is developing very
nicely and the continuation of mineralization along both strike
directions continues to show significant drilling is required to
determine the extent of the mineralized Arrow footprint.
"
Leigh Curyer, Chief Executive Officer, commented: "Arrow's
growth continues. Together, the project development studies
are advancing for the release of a Pre-Feasibility Study scheduled
for Q3 2018. The project development team has recently expanded
with the appointment of high calibre industry professionals
reflecting the nature of the Arrow Project as a unique opportunity
to contribute to this generational mineral resource. The Company is
well positioned to enter 2018 and looking forward to delivering the
next stages of exploration growth and project development."
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-17-129c5
|
327
|
-70
|
960.50
|
N/A
|
616.00
|
617.00
|
1.00
|
0.11
|
|
|
|
|
|
655.00
|
657.50
|
2.50
|
0.12
|
|
|
|
|
|
692.50
|
693.00
|
0.50
|
4.00
|
|
|
|
|
|
728.50
|
730.00
|
1.50
|
0.14
|
|
|
|
|
|
740.00
|
740.50
|
0.50
|
0.46
|
|
|
|
|
|
748.50
|
751.50
|
3.00
|
0.40
|
|
|
|
|
|
754.00
|
754.50
|
0.50
|
0.36
|
|
|
|
|
|
757.50
|
761.00
|
3.50
|
3.37
|
|
|
|
|
|
766.00
|
774.00
|
8.00
|
1.54
|
|
|
|
|
|
777.50
|
781.00
|
3.50
|
1.79
|
|
|
|
|
|
784.50
|
804.50
|
20.00
|
0.07
|
|
|
|
|
|
810.00
|
814.50
|
4.50
|
0.05
|
|
|
|
|
|
851.50
|
875.00
|
23.50
|
0.97
|
|
|
|
|
|
878.50
|
879.00
|
0.50
|
0.07
|
|
|
|
|
|
882.00
|
892.00
|
10.00
|
0.15
|
|
|
|
|
|
901.50
|
902.00
|
0.50
|
0.06
|
|
|
|
|
|
911.00
|
911.50
|
0.50
|
0.04
|
AR-17-129c6
|
327
|
-70
|
876.50
|
N/A
|
595.00
|
595.50
|
0.50
|
0.05
|
|
|
|
|
|
710.50
|
711.00
|
0.50
|
0.06
|
|
|
|
|
|
735.50
|
736.00
|
0.50
|
0.02
|
|
|
|
|
|
778.00
|
778.50
|
0.50
|
0.02
|
|
|
|
|
|
817.00
|
817.50
|
0.50
|
0.02
|
AR-17-129c7
|
327
|
-70
|
960.50
|
N/A
|
649.50
|
650.50
|
1.00
|
0.05
|
|
|
|
|
|
668.00
|
669.50
|
1.50
|
0.06
|
|
|
|
|
|
676.00
|
678.50
|
2.50
|
0.40
|
|
|
|
|
|
704.50
|
705.50
|
1.00
|
0.24
|
|
|
|
|
|
731.00
|
731.50
|
0.50
|
3.02
|
|
|
|
|
|
736.00
|
736.50
|
0.50
|
0.04
|
|
|
|
|
|
765.50
|
766.00
|
0.50
|
0.01
|
|
|
|
|
|
783.00
|
796.00
|
13.00
|
1.63
|
|
|
|
|
incl.
|
783.00
|
788.50
|
5.50
|
3.80
|
|
|
|
|
|
804.00
|
819.50
|
15.50
|
0.04
|
|
|
|
|
|
829.50
|
831.00
|
1.50
|
0.10
|
|
|
|
|
|
856.50
|
857.00
|
0.50
|
0.07
|
|
|
|
|
|
906.00
|
906.50
|
0.50
|
0.04
|
AR-17-143c2
|
147
|
-70
|
729.50
|
N/A
|
558.00
|
558.50
|
0.50
|
0.03
|
|
|
|
|
|
561.50
|
563.00
|
1.50
|
0.11
|
AR-17-143c3
|
147
|
-70
|
974.00
|
N/A
|
662.00
|
664.00
|
2.00
|
0.09
|
|
|
|
|
|
667.00
|
673.00
|
6.00
|
0.21
|
|
|
|
|
|
677.00
|
677.50
|
0.50
|
0.06
|
|
|
|
|
|
682.00
|
704.50
|
22.50
|
0.17
|
|
|
|
|
incl.
|
689.50
|
697.50
|
8.00
|
0.36
|
|
|
|
|
|
712.50
|
713.50
|
1.00
|
0.11
|
|
|
|
|
|
742.50
|
743.00
|
0.50
|
0.15
|
|
|
|
|
|
772.50
|
773.00
|
0.50
|
0.18
|
|
|
|
|
|
813.00
|
813.50
|
0.50
|
0.03
|
|
|
|
|
|
855.00
|
860.00
|
5.00
|
0.02
|
|
|
|
|
|
863.50
|
868.50
|
5.00
|
0.04
|
|
|
|
|
|
885.50
|
886.50
|
1.00
|
0.03
|
|
|
|
|
|
924.00
|
928.00
|
4.00
|
0.82
|
|
|
|
|
|
930.50
|
934.00
|
3.50
|
3.45
|
|
|
|
|
|
938.00
|
938.50
|
0.50
|
0.27
|
AR-17-146c1
|
327
|
-70
|
910.50
|
110.40
|
630.50
|
631.50
|
1.00
|
0.37
|
|
|
|
|
|
686.00
|
688.00
|
2.00
|
0.73
|
|
|
|
|
|
691.00
|
695.00
|
4.00
|
0.33
|
|
|
|
|
|
697.50
|
703.00
|
5.50
|
0.07
|
|
|
|
|
|
705.50
|
709.50
|
4.00
|
0.38
|
|
|
|
|
|
721.50
|
744.00
|
22.50
|
0.07
|
|
|
|
|
|
748.00
|
749.00
|
1.00
|
0.03
|
|
|
|
|
|
754.00
|
755.50
|
1.50
|
0.21
|
|
|
|
|
|
765.50
|
768.50
|
3.00
|
0.07
|
|
|
|
|
|
795.50
|
797.00
|
1.50
|
0.05
|
AR-17-146c2
|
327
|
-70
|
907.00
|
N/A
|
661.50
|
663.00
|
1.50
|
1.15
|
|
|
|
|
|
682.50
|
683.00
|
0.50
|
0.03
|
|
|
|
|
|
685.50
|
688.00
|
2.50
|
0.02
|
|
|
|
|
|
694.50
|
696.00
|
1.50
|
0.74
|
|
|
|
|
|
698.50
|
699.00
|
0.50
|
0.04
|
|
|
|
|
|
704.50
|
705.50
|
1.00
|
1.79
|
|
|
|
|
|
737.00
|
738.00
|
1.00
|
0.06
|
|
|
|
|
|
742.00
|
749.00
|
7.00
|
0.05
|
|
|
|
|
|
752.00
|
772.50
|
20.50
|
0.48
|
|
|
|
|
incl.
|
752.00
|
763.50
|
11.50
|
0.79
|
|
|
|
|
|
777.00
|
778.00
|
1.00
|
2.65
|
|
|
|
|
|
780.50
|
782.50
|
2.00
|
4.77
|
AR-17-146c3
|
327
|
-70
|
993.50
|
N/A
|
676.50
|
677.50
|
1.00
|
0.04
|
|
|
|
|
|
709.00
|
709.50
|
0.50
|
0.29
|
|
|
|
|
|
722.50
|
723.50
|
1.00
|
0.48
|
|
|
|
|
|
728.00
|
732.50
|
4.50
|
0.12
|
|
|
|
|
|
744.00
|
745.00
|
1.00
|
0.24
|
|
|
|
|
|
753.00
|
772.50
|
19.50
|
0.26
|
|
|
|
|
incl.
|
753.00
|
763.00
|
10.00
|
0.46
|
|
|
|
|
|
777.00
|
777.50
|
0.50
|
0.03
|
|
|
|
|
|
783.50
|
784.00
|
0.50
|
0.05
|
|
|
|
|
|
789.00
|
826.50
|
37.50
|
0.15
|
|
|
|
|
Incl.
|
789.00
|
798.50
|
9.50
|
0.29
|
|
|
|
|
|
912.50
|
913.00
|
0.50
|
0.09
|
|
|
|
|
|
946.00
|
947.00
|
1.00
|
0.07
|
|
|
|
|
|
952.00
|
956.00
|
4.00
|
0.03
|
|
|
|
|
|
963.50
|
964.50
|
1.00
|
0.08
|
AR-17-147c1
|
327
|
-70
|
621.50
|
133.90
|
454.00
|
454.50
|
0.50
|
0.19
|
|
|
|
|
|
492.50
|
495.50
|
3.00
|
2.24
|
|
|
|
|
|
510.00
|
511.00
|
1.00
|
0.81
|
|
|
|
|
|
515.00
|
515.50
|
0.50
|
0.11
|
|
|
|
|
|
521.00
|
525.00
|
4.00
|
0.95
|
|
|
|
|
|
532.50
|
536.50
|
4.00
|
0.32
|
|
|
|
|
|
541.50
|
545.00
|
3.50
|
0.33
|
|
|
|
|
|
556.50
|
567.50
|
11.00
|
2.25
|
|
|
|
|
incl.
|
557.00
|
558.00
|
1.00
|
21.20
|
|
|
|
|
|
572.00
|
572.50
|
0.50
|
0.87
|
|
|
|
|
|
576.00
|
592.00
|
16.00
|
1.31
|
|
|
|
|
incl.
|
580.50
|
582.50
|
2.00
|
7.63
|
|
|
|
|
|
598.50
|
600.00
|
1.50
|
0.02
|
|
|
|
|
|
606.00
|
608.00
|
2.00
|
0.09
|
AR-17-147c2
|
327
|
-70
|
660.50
|
133.90
|
454.50
|
455.00
|
0.50
|
0.11
|
|
|
|
|
|
498.00
|
499.50
|
1.50
|
0.71
|
|
|
|
|
|
529.50
|
530.50
|
1.00
|
0.42
|
|
|
|
|
|
534.00
|
534.50
|
0.50
|
0.66
|
|
|
|
|
|
544.50
|
550.50
|
6.00
|
0.49
|
|
|
|
|
|
556.00
|
556.50
|
0.50
|
0.02
|
|
|
|
|
|
560.00
|
569.00
|
9.00
|
0.70
|
|
|
|
|
|
580.50
|
581.50
|
1.00
|
0.05
|
|
|
|
|
|
587.00
|
587.50
|
0.50
|
0.06
|
|
|
|
|
|
590.00
|
593.00
|
3.00
|
0.04
|
|
|
|
|
|
604.00
|
632.50
|
28.50
|
1.74
|
|
|
|
|
incl.
|
605.00
|
610.50
|
5.50
|
8.56
|
AR-17-147c3
|
327
|
-70
|
682.50
|
133.90
|
454.50
|
455.50
|
1.00
|
0.06
|
|
|
|
|
|
499.50
|
502.00
|
2.50
|
0.34
|
|
|
|
|
|
515.50
|
517.00
|
1.50
|
0.05
|
|
|
|
|
|
528.50
|
529.50
|
1.00
|
0.49
|
|
|
|
|
|
536.50
|
543.00
|
6.50
|
0.08
|
|
|
|
|
|
546.00
|
565.50
|
19.50
|
0.23
|
|
|
|
|
|
573.00
|
573.50
|
0.50
|
0.03
|
|
|
|
|
|
579.50
|
587.00
|
7.50
|
1.44
|
|
|
|
|
|
597.50
|
657.50
|
60.00
|
3.70
|
|
|
|
|
incl.
|
607.00
|
640.00
|
33.00
|
6.51
|
|
|
|
|
incl.
|
634.00
|
640.00
|
6.00
|
17.68
|
AR-17-147c4
|
327
|
-70
|
870.50
|
133.90
|
506.00
|
507.00
|
1.00
|
0.02
|
|
|
|
|
|
521.50
|
527.00
|
5.50
|
0.11
|
|
|
|
|
|
529.50
|
530.00
|
0.50
|
0.28
|
|
|
|
|
|
560.00
|
561.50
|
1.50
|
0.39
|
|
|
|
|
|
574.00
|
574.50
|
0.50
|
0.08
|
|
|
|
|
|
588.00
|
594.50
|
6.50
|
0.47
|
|
|
|
|
|
614.50
|
615.50
|
1.00
|
0.15
|
|
|
|
|
|
618.00
|
626.00
|
8.00
|
1.49
|
|
|
|
|
|
628.50
|
649.00
|
20.50
|
1.51
|
|
|
|
|
incl.
|
634.00
|
639.00
|
5.00
|
4.10
|
|
|
|
|
|
655.00
|
665.00
|
10.00
|
0.03
|
|
|
|
|
|
668.00
|
668.50
|
0.50
|
0.03
|
|
|
|
|
|
690.00
|
696.00
|
6.00
|
0.02
|
|
|
|
|
|
712.00
|
732.00
|
20.00
|
0.05
|
|
|
|
|
|
752.50
|
772.00
|
19.50
|
0.15
|
|
|
|
|
|
792.50
|
794.50
|
2.00
|
0.11
|
|
|
|
|
|
804.50
|
815.00
|
10.50
|
0.25
|
|
|
|
|
|
848.00
|
853.00
|
5.00
|
0.02
|
AR-17-148c1
|
327
|
-70
|
1054.00
|
N/A
|
505.00
|
506.00
|
1.00
|
0.06
|
|
|
|
|
|
682.00
|
682.50
|
0.50
|
0.08
|
|
|
|
|
|
689.00
|
690.00
|
1.00
|
0.06
|
|
|
|
|
|
699.50
|
711.00
|
11.50
|
1.02
|
|
|
|
|
incl.
|
703.00
|
705.00
|
2.00
|
5.01
|
|
|
|
|
|
724.00
|
724.50
|
0.50
|
0.01
|
|
|
|
|
|
729.50
|
730.00
|
0.50
|
0.01
|
|
|
|
|
|
733.00
|
735.50
|
2.50
|
0.24
|
|
|
|
|
|
740.50
|
741.00
|
0.50
|
0.03
|
|
|
|
|
|
746.00
|
746.50
|
0.50
|
0.02
|
|
|
|
|
|
756.00
|
757.00
|
1.00
|
0.02
|
|
|
|
|
|
759.50
|
779.00
|
19.50
|
0.04
|
|
|
|
|
|
785.00
|
786.50
|
1.50
|
0.02
|
|
|
|
|
|
793.50
|
798.50
|
5.00
|
0.01
|
|
|
|
|
|
801.50
|
805.50
|
4.00
|
0.15
|
|
|
|
|
|
808.50
|
815.50
|
7.00
|
0.64
|
|
|
|
|
|
931.00
|
935.50
|
4.50
|
0.02
|
|
|
|
|
|
966.50
|
991.50
|
25.00
|
0.03
|
AR-17-148c2
|
327
|
-70
|
1044.50
|
N/A
|
693.50
|
694.00
|
0.50
|
0.08
|
|
|
|
|
|
705.50
|
706.00
|
0.50
|
0.33
|
|
|
|
|
|
711.50
|
729.50
|
18.00
|
0.22
|
|
|
|
|
|
739.50
|
741.50
|
2.00
|
0.09
|
|
|
|
|
|
746.00
|
747.00
|
1.00
|
0.10
|
|
|
|
|
|
750.50
|
754.00
|
3.50
|
0.03
|
|
|
|
|
|
757.00
|
770.00
|
13.00
|
0.03
|
|
|
|
|
|
777.00
|
777.50
|
0.50
|
0.07
|
|
|
|
|
|
787.50
|
789.00
|
1.50
|
0.20
|
|
|
|
|
|
791.50
|
795.00
|
3.50
|
0.03
|
|
|
|
|
|
800.00
|
801.00
|
1.00
|
0.03
|
|
|
|
|
|
805.50
|
806.00
|
0.50
|
0.04
|
|
|
|
|
|
816.50
|
817.00
|
0.50
|
0.14
|
|
|
|
|
|
826.50
|
827.00
|
0.50
|
0.05
|
|
|
|
|
|
829.50
|
837.00
|
7.50
|
0.19
|
|
|
|
|
incl.
|
834.50
|
836.50
|
2.00
|
0.65
|
|
|
|
|
|
841.00
|
841.50
|
0.50
|
0.10
|
|
|
|
|
|
879.50
|
880.50
|
1.00
|
0.08
|
|
|
|
|
|
894.50
|
895.00
|
0.50
|
0.04
|
|
|
|
|
|
907.50
|
908.00
|
0.50
|
0.08
|
|
|
|
|
|
934.50
|
939.50
|
5.00
|
0.05
|
|
|
|
|
|
942.00
|
942.50
|
0.50
|
0.12
|
|
|
|
|
|
945.50
|
946.50
|
1.00
|
0.04
|
|
|
|
|
|
950.00
|
953.00
|
3.00
|
0.08
|
AR-17-149c1
|
345
|
-70
|
1014.50
|
134.90
|
617.50
|
619.50
|
2.00
|
0.24
|
|
|
|
|
|
627.00
|
630.50
|
3.50
|
0.10
|
|
|
|
|
|
636.00
|
637.00
|
1.00
|
0.06
|
|
|
|
|
|
643.00
|
647.50
|
4.50
|
0.90
|
|
|
|
|
|
693.00
|
701.50
|
8.50
|
0.06
|
|
|
|
|
|
713.50
|
720.00
|
6.50
|
0.84
|
|
|
|
|
|
764.00
|
765.00
|
1.00
|
0.04
|
|
|
|
|
|
790.50
|
791.00
|
0.50
|
0.03
|
|
|
|
|
|
794.00
|
795.50
|
1.50
|
0.46
|
|
|
|
|
|
798.50
|
799.50
|
1.00
|
0.22
|
|
|
|
|
|
859.00
|
860.00
|
1.00
|
0.05
|
|
|
|
|
|
869.00
|
873.50
|
4.50
|
0.58
|
AR-17-149c2
|
345
|
-70
|
897.50
|
134.90
|
623.00
|
626.00
|
3.00
|
1.84
|
|
|
|
|
incl.
|
623.00
|
623.50
|
0.50
|
10.70
|
|
|
|
|
|
670.00
|
680.50
|
10.50
|
0.02
|
|
|
|
|
|
688.50
|
699.50
|
11.00
|
0.20
|
|
|
|
|
|
731.50
|
735.00
|
3.50
|
0.23
|
|
|
|
|
|
763.00
|
765.00
|
2.00
|
0.27
|
AR-17-154c1
|
327
|
-70
|
854.00
|
120.60
|
420.50
|
421.00
|
0.50
|
0.01
|
|
|
|
|
|
594.00
|
594.50
|
0.50
|
0.12
|
|
|
|
|
|
598.00
|
598.50
|
0.50
|
0.36
|
|
|
|
|
|
606.50
|
607.50
|
1.00
|
0.07
|
|
|
|
|
|
611.00
|
618.50
|
7.50
|
0.19
|
|
|
|
|
incl.
|
614.00
|
616.00
|
2.00
|
0.66
|
|
|
|
|
|
624.00
|
628.00
|
4.00
|
0.06
|
|
|
|
|
|
631.50
|
639.00
|
7.50
|
0.04
|
|
|
|
|
|
643.00
|
652.00
|
9.00
|
0.02
|
|
|
|
|
|
678.00
|
679.00
|
1.00
|
0.25
|
|
|
|
|
|
703.50
|
704.00
|
0.50
|
0.05
|
|
|
|
|
|
706.50
|
708.00
|
1.50
|
0.14
|
|
|
|
|
|
717.00
|
737.50
|
20.50
|
0.78
|
|
|
|
|
incl.
|
725.50
|
731.50
|
6.00
|
2.33
|
AR-17-154c2
|
327
|
-70
|
849.50
|
120.60
|
612.00
|
613.00
|
1.00
|
0.15
|
|
|
|
|
|
620.00
|
621.50
|
1.50
|
0.05
|
|
|
|
|
|
737.00
|
738.50
|
1.50
|
0.12
|
|
|
|
|
|
766.00
|
766.50
|
0.50
|
0.03
|
AR-17-155c1
|
327
|
-70
|
828.50
|
128.60
|
422.50
|
423.50
|
1.00
|
0.09
|
|
|
|
|
|
426.00
|
426.50
|
0.50
|
0.04
|
|
|
|
|
|
429.50
|
431.50
|
2.00
|
0.07
|
|
|
|
|
|
501.00
|
510.00
|
9.00
|
0.09
|
|
|
|
|
|
513.50
|
524.00
|
10.50
|
0.29
|
|
|
|
|
|
531.00
|
537.50
|
6.50
|
0.19
|
|
|
|
|
|
547.00
|
556.50
|
9.50
|
0.12
|
|
|
|
|
|
577.00
|
577.50
|
0.50
|
0.09
|
|
|
|
|
|
582.00
|
586.00
|
4.00
|
0.07
|
|
|
|
|
|
589.50
|
590.00
|
0.50
|
0.15
|
|
|
|
|
|
606.00
|
616.00
|
10.00
|
0.06
|
|
|
|
|
|
619.00
|
644.00
|
25.00
|
0.02
|
|
|
|
|
|
646.50
|
649.50
|
3.00
|
0.03
|
|
|
|
|
|
652.00
|
654.50
|
2.50
|
0.01
|
|
|
|
|
|
681.00
|
698.00
|
17.00
|
0.15
|
|
|
|
|
|
702.00
|
706.50
|
4.50
|
0.07
|
|
|
|
|
|
723.00
|
724.00
|
1.00
|
0.04
|
|
|
|
|
|
732.00
|
734.50
|
2.50
|
0.13
|
AR-17-155c2
|
327
|
-70
|
600.50
|
128.60
|
457.50
|
481.50
|
24.00
|
0.33
|
|
|
|
|
|
486.50
|
487.00
|
0.50
|
0.35
|
|
|
|
|
|
490.00
|
492.00
|
2.00
|
0.50
|
|
|
|
|
|
504.00
|
505.00
|
1.00
|
1.03
|
|
|
|
|
|
511.00
|
515.00
|
4.00
|
0.40
|
|
|
|
|
|
519.00
|
520.00
|
1.00
|
0.54
|
|
|
|
|
|
522.50
|
530.00
|
7.50
|
0.95
|
|
|
|
|
|
534.00
|
534.50
|
0.50
|
0.08
|
|
|
|
|
|
537.00
|
538.50
|
1.50
|
0.29
|
|
|
|
|
|
542.50
|
545.00
|
2.50
|
0.08
|
|
|
|
|
|
551.00
|
552.00
|
1.00
|
0.20
|
|
|
|
|
|
560.50
|
579.00
|
18.50
|
4.32
|
|
|
|
|
|
562.00
|
569.00
|
7.00
|
11.23
|
|
|
|
|
|
582.00
|
588.50
|
6.50
|
0.04
|
AR-17-156c1
|
327
|
-70
|
858.50
|
N/A
|
657.50
|
662.00
|
4.50
|
0.45
|
|
|
|
|
|
664.50
|
665.00
|
0.50
|
0.11
|
|
|
|
|
|
670.50
|
703.00
|
32.50
|
1.04
|
|
|
|
|
incl.
|
676.50
|
685.50
|
9.00
|
2.72
|
|
|
|
|
|
706.50
|
711.00
|
4.50
|
0.10
|
|
|
|
|
|
743.50
|
744.00
|
0.50
|
0.05
|
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 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 were taken systematically, and intervals were
submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025:
2005 Accredited Facility) of Saskatoon for analysis. For non-infill holes,
samples were analyzed using ICP-MS for trace elements on partial
and total digestions (non-radioactive samples), ICP-OES for major
and minor elements on partial and total digestions (radioactive
samples), and fusion solution of boron by ICP-OES. All mineralized
samples were analyzed for U3O8 by ICP-OES and selected samples were
analyzed for gold by fire assay.
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.
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. 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.