VANCOUVER, Jan. 17, 2018 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is pleased
to report assay results for the final 28 holes from our summer 2018
drill program on our 100% owned, Rook I property, in the
Athabasca Basin, Saskatchewan.
Arrow Step-out Drilling
New high grade mineralization was discovered and
confirmed for the first time, northwest of the A1 shear with a
geotechnical test hole and will be followed up during the winter
2018 drill program. Additionally, step-out drilling
outside of the area of the current Mineral Resource
estimate has resulted in the most heavily mineralized hole
in the A3 shear to date. In addition,
Northwest of the A1 Shear
- Geotechnical hole GAR-17-001 intersected 8.0 m at 1.43% U3O8
(531.5 to 539.5 m), including
4.5 m at 2.51% (531.5 to
536.0 m) in a new mineralized
area northwest of the A1 shear.
A3 Step-Outs
- AR-17-159c1 intersected 26.5
m at 10.60% U3O8 (427.5 to
454.0 m) including 13.0 m at 20.74% U3O8
(439.0 to 452.0 m) located
25 m outside of the area of
the current Mineral Resource estimate in the A3 High Grade
Domain. This represents the best hole drilled in the A3 shear to
date.
- AR-17-159c2 intersected 49.0
m at 2.30% U3O8 (429.5 to
478.5 m) including 5.0 m at 11.72% U3O8
(463.0 to 468.0 m) and
2.0 m at 9.88%
U3O8 (451.0 to 453.0 m) in the High Grade Domains of the
A3 Shear located 15 m
outside of the area of the current Mineral Resource
estimate.
- AR-17-167c1 intersected 15.0
m at 1.49% U3O8 (481.5 to
496.5 m) including 2.0 m at 10.56% U3O8
(489.0 to 491.0 m) in the A3
Shear located 45 m outside
of the Mineral Resource.
Southwest Gap Step-Outs
- AR-17-161c1 intersected 9.5
m at 2.31% U3O8 (827.0 to
836.5 m), including 2.0 m at 10.57% U3O8
(833.5 to 835.5 m) in the A3
Shear of the Southwest Gap.
Arrow Infill Drilling
Infill drilling has continued to confirm the strong
continuity of mineralization at the Arrow deposit. The A3
high-grade domains have now been largely drilled at a spacing of
25 m x 25
m. Key potential expansion areas have been identified
surrounding these domains and will be followed-up during the winter
2018 drilling program.
A2 & A3 Infill
- AR-17-176c2 intersected 17.54
m at 3.51 % U3O8 (649.5 to
667.04 m), including 4.0 m at 12.88% U3O8
(659.0 to 663.0 m) and
15.5 m at 0.77%
U3O8 (692.0 to 707.5 m), including 1.5
m at 7.71% U3O8 (693.5 to
695.0 m) in the A2 Shear.
- AR-17-164c2 intersected 21.5
m at 1.80% U3O8 (588.0 to
609.5 m), including 3.0 m at 12.14% U3O8
(590.5 to 593.5 m) in the A3
Shear.
- AR-17-155c3 intersected 7.0
m at 2.68% U3O8 (619.0 to
626.0 m), including 2.5 m at 7.21% U3O8
(619.0 to 621.5 m) in the A3
Shear.
Development, Activities & Financial
- Pre-feasibility technical studies including geotechnical work,
hydrogeological work and metallurgy continue in advance of a maiden
Pre-Feasibility Study scheduled to be published in
Q3/2018.
- Planning for the winter 2108 drilling program is complete and
will begin imminently.
- The Company has cash on hand of approximately $155 million.
Garrett Ainsworth,
Vice-President, Exploration and Development, commented: "The final
assays from our summer 2017 drill program confirm high grade
mineralization in key areas for resource growth. We have been
especially pleased with results from the A3 High-Grade Domains with
hole -159c1 returning the best intercept in the A3 shear to date.
Furthermore, hole GAR-17-001 which was a geotechnical hole designed
to test the ground conditions of the Arrow Deposit also hit
mineralization adjacent to the northwest of the A1 shear indicating
the potential of an entire new mineralized shear zone."
Leigh Curyer, Chief Executive Officer, commented:
"Discovery of a potential A0 shear highlights the
incredible prospectivity that continues to exist at the Arrow
Deposit. NexGen's Rook 1 project hosts 9 kms of the prolific
Patterson Corridor bordering the edge of the Athabasca Basin and significant drilling is
planned in order to determine the full extent of mineralization at
Arrow, and along strike. Further, strong mineralized intercepts
within, and around, the A3 High Grade Domain continue to
demonstrate the strong continuity of mineralization at Arrow as we
progress to pre-feasibility."
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-17-146c4
|
327
|
-70
|
978.50
|
110.40
|
678.00
|
678.50
|
0.50
|
0.10
|
|
|
|
|
|
709.00
|
712.00
|
3.00
|
0.01
|
|
|
|
|
|
714.50
|
720.00
|
5.50
|
0.21
|
|
|
|
|
|
729.50
|
741.00
|
11.50
|
0.03
|
|
|
|
|
|
758.50
|
760.00
|
1.50
|
0.13
|
|
|
|
|
|
764.50
|
765.50
|
1.00
|
0.03
|
|
|
|
|
|
777.50
|
778.50
|
1.00
|
0.22
|
|
|
|
|
|
792.00
|
796.00
|
4.00
|
0.08
|
|
|
|
|
|
822.00
|
824.00
|
2.00
|
0.09
|
|
|
|
|
|
827.00
|
834.50
|
7.50
|
0.07
|
|
|
|
|
|
837.00
|
838.00
|
1.00
|
0.12
|
|
|
|
|
|
907.50
|
908.50
|
1.00
|
0.06
|
|
|
|
|
|
913.50
|
914.50
|
1.00
|
0.02
|
|
|
|
|
|
936.00
|
937.00
|
1.00
|
0.03
|
AR-17-154c3
|
327
|
-70
|
870.50
|
120.60
|
652.00
|
653.50
|
1.50
|
0.14
|
|
|
|
|
|
701.50
|
704.50
|
3.00
|
0.02
|
|
|
|
|
|
760.00
|
764.50
|
4.50
|
0.01
|
AR-17-154c4
|
327
|
-70
|
945.50
|
120.60
|
678.50
|
680.50
|
2.00
|
0.43
|
|
|
|
|
|
714.50
|
715.00
|
0.50
|
0.53
|
|
|
|
|
|
717.50
|
721.50
|
4.00
|
0.17
|
|
|
|
|
|
724.50
|
726.00
|
1.50
|
0.14
|
|
|
|
|
|
729.50
|
742.50
|
13.00
|
0.10
|
|
|
|
|
|
745.00
|
753.00
|
8.00
|
0.06
|
|
|
|
|
|
774.50
|
775.00
|
0.50
|
0.04
|
|
|
|
|
|
799.50
|
800.50
|
1.00
|
0.07
|
|
|
|
|
|
840.50
|
842.00
|
1.50
|
0.05
|
|
|
|
|
|
865.00
|
869.00
|
4.00
|
0.21
|
|
|
|
|
|
889.50
|
890.50
|
1.00
|
0.09
|
AR-17-155c3
|
327
|
-70
|
912.50
|
128.60
|
437.50
|
438.00
|
0.50
|
0.10
|
|
|
|
|
|
465.50
|
472.00
|
6.50
|
0.03
|
|
|
|
|
|
475.50
|
481.00
|
5.50
|
0.23
|
|
|
|
|
|
494.00
|
495.50
|
1.50
|
0.92
|
|
|
|
|
|
500.00
|
501.00
|
1.00
|
0.21
|
|
|
|
|
|
523.00
|
524.50
|
1.50
|
0.11
|
|
|
|
|
|
534.00
|
535.00
|
1.00
|
0.29
|
|
|
|
|
|
546.00
|
550.50
|
4.50
|
0.27
|
|
|
|
|
|
563.00
|
565.00
|
2.00
|
0.35
|
|
|
|
|
|
568.00
|
571.00
|
3.00
|
0.04
|
|
|
|
|
|
582.50
|
587.00
|
4.50
|
0.04
|
|
|
|
|
|
611.00
|
612.00
|
1.00
|
13.14
|
|
|
|
|
|
615.50
|
616.00
|
0.50
|
3.05
|
|
|
|
|
|
619.00
|
626.00
|
7.00
|
2.68
|
|
|
|
|
incl.
|
619.00
|
621.50
|
2.50
|
7.21
|
|
|
|
|
|
648.50
|
649.50
|
1.00
|
0.05
|
|
|
|
|
|
652.50
|
676.00
|
23.50
|
0.07
|
|
|
|
|
|
680.00
|
685.50
|
5.50
|
0.13
|
|
|
|
|
|
689.50
|
695.50
|
6.00
|
0.09
|
|
|
|
|
|
701.00
|
702.50
|
1.50
|
2.98
|
|
|
|
|
|
756.50
|
757.00
|
0.50
|
0.16
|
|
|
|
|
|
760.00
|
762.50
|
2.50
|
0.27
|
|
|
|
|
|
812.50
|
814.00
|
1.50
|
0.02
|
|
|
|
|
|
819.50
|
820.50
|
1.00
|
0.20
|
|
|
|
|
|
823.50
|
827.50
|
4.00
|
0.03
|
|
|
|
|
|
831.50
|
833.00
|
1.50
|
0.62
|
|
|
|
|
|
846.00
|
847.00
|
1.00
|
0.03
|
AR-17-156c2
|
327
|
-70
|
858.50
|
N/A
|
650.00
|
651.00
|
1.00
|
0.11
|
|
|
|
|
|
654.00
|
658.50
|
4.50
|
0.04
|
|
|
|
|
|
679.50
|
680.00
|
0.50
|
0.14
|
|
|
|
|
|
685.00
|
687.50
|
2.50
|
0.10
|
|
|
|
|
|
710.00
|
711.00
|
1.00
|
0.01
|
|
|
|
|
|
714.50
|
715.00
|
0.50
|
0.11
|
|
|
|
|
|
718.00
|
725.00
|
7.00
|
0.23
|
|
|
|
|
|
771.50
|
772.00
|
0.50
|
0.03
|
|
|
|
|
|
813.00
|
815.00
|
2.00
|
0.03
|
AR-17-156c3
|
327
|
-70
|
903.50
|
N/A
|
703.00
|
703.50
|
0.50
|
0.22
|
|
|
|
|
|
720.50
|
722.00
|
1.50
|
0.02
|
|
|
|
|
|
725.00
|
731.00
|
6.00
|
0.18
|
|
|
|
|
|
735.00
|
748.00
|
13.00
|
0.13
|
|
|
|
|
|
764.50
|
777.50
|
13.00
|
0.33
|
|
|
|
|
incl.
|
766.00
|
770.50
|
4.50
|
0.77
|
|
|
|
|
|
780.50
|
783.50
|
3.00
|
0.14
|
|
|
|
|
|
813.50
|
823.00
|
9.50
|
0.08
|
AR-17-156c4
|
327
|
-70
|
936.50
|
N/A
|
528.00
|
528.50
|
0.50
|
0.02
|
|
|
|
|
|
659.00
|
660.00
|
1.00
|
0.38
|
|
|
|
|
|
680.00
|
680.50
|
0.50
|
0.03
|
|
|
|
|
|
692.50
|
693.00
|
0.50
|
0.03
|
|
|
|
|
|
718.50
|
719.00
|
0.50
|
0.08
|
|
|
|
|
|
723.00
|
724.00
|
1.00
|
0.49
|
|
|
|
|
|
742.50
|
743.50
|
1.00
|
0.04
|
|
|
|
|
|
749.50
|
750.00
|
0.50
|
0.05
|
|
|
|
|
|
757.00
|
758.50
|
1.50
|
0.07
|
|
|
|
|
|
768.00
|
769.00
|
1.00
|
0.04
|
|
|
|
|
|
773.50
|
779.00
|
5.50
|
1.10
|
|
|
|
|
incl.
|
774.00
|
775.00
|
1.00
|
4.44
|
|
|
|
|
|
783.00
|
784.00
|
1.00
|
0.29
|
|
|
|
|
|
789.00
|
790.00
|
1.00
|
0.02
|
|
|
|
|
|
794.00
|
796.00
|
2.00
|
0.05
|
|
|
|
|
|
800.50
|
802.00
|
1.50
|
0.09
|
|
|
|
|
|
805.00
|
806.00
|
1.00
|
0.02
|
|
|
|
|
|
809.00
|
811.50
|
2.50
|
0.04
|
|
|
|
|
|
818.00
|
827.50
|
9.50
|
0.05
|
|
|
|
|
|
891.00
|
892.00
|
1.00
|
0.03
|
AR-17-156c5
|
327
|
-70
|
789.50
|
N/A
|
669.50
|
671.50
|
2.00
|
0.03
|
|
|
|
|
|
675.00
|
675.50
|
0.50
|
0.01
|
|
|
|
|
|
682.00
|
684.00
|
2.00
|
0.03
|
|
|
|
|
|
701.00
|
708.00
|
7.00
|
0.05
|
|
|
|
|
|
721.00
|
722.50
|
1.50
|
0.15
|
AR-17-159c1
|
327
|
-70
|
507.00
|
131.60
|
373.50
|
381.50
|
8.00
|
0.03
|
|
|
|
|
|
388.50
|
390.50
|
2.00
|
0.07
|
|
|
|
|
|
395.50
|
397.00
|
1.50
|
0.34
|
|
|
|
|
|
404.00
|
407.00
|
3.00
|
0.48
|
|
|
|
|
|
410.50
|
415.50
|
5.00
|
2.70
|
|
|
|
|
|
418.50
|
424.00
|
5.50
|
1.28
|
|
|
|
|
|
427.50
|
454.00
|
26.50
|
10.60
|
|
|
|
|
incl.
|
439.00
|
452.00
|
13.00
|
20.74
|
|
|
|
|
incl.
|
444.00
|
450.00
|
6.00
|
30.21
|
AR-17-159c2
|
327
|
-70
|
546.00
|
131.60
|
375.50
|
377.00
|
1.50
|
0.04
|
|
|
|
|
|
389.00
|
404.50
|
15.50
|
0.04
|
|
|
|
|
|
422.50
|
426.50
|
4.00
|
2.82
|
|
|
|
|
incl.
|
422.50
|
423.50
|
1.00
|
11.24
|
|
|
|
|
|
429.50
|
478.50
|
49.00
|
2.30
|
|
|
|
|
incl.
|
451.00
|
453.00
|
2.00
|
9.88
|
|
|
|
|
incl.
|
463.00
|
468.00
|
5.00
|
11.72
|
AR-17-161c1
|
327
|
-70
|
999.50
|
N/A
|
743.00
|
744.00
|
1.00
|
0.22
|
|
|
|
|
|
776.50
|
777.00
|
0.50
|
0.09
|
|
|
|
|
|
793.50
|
794.00
|
0.50
|
0.02
|
|
|
|
|
|
802.00
|
802.50
|
0.50
|
0.14
|
|
|
|
|
|
813.00
|
814.00
|
1.00
|
0.06
|
|
|
|
|
|
821.50
|
823.00
|
1.50
|
0.03
|
|
|
|
|
|
827.00
|
836.50
|
9.50
|
2.31
|
|
|
|
|
incl.
|
833.50
|
835.50
|
2.00
|
10.57
|
|
|
|
|
|
848.00
|
848.50
|
0.50
|
0.06
|
|
|
|
|
|
853.50
|
854.00
|
0.50
|
0.25
|
|
|
|
|
|
859.50
|
862.50
|
3.00
|
0.02
|
AR-17-161c2
|
327
|
-70
|
990.50
|
N/A
|
626.50
|
627.00
|
0.50
|
0.19
|
|
|
|
|
|
698.50
|
699.50
|
1.00
|
0.03
|
|
|
|
|
|
703.00
|
705.00
|
2.00
|
0.08
|
|
|
|
|
|
712.00
|
713.00
|
1.00
|
0.06
|
|
|
|
|
|
800.00
|
811.00
|
11.00
|
0.14
|
|
|
|
|
|
818.00
|
819.00
|
1.00
|
0.24
|
|
|
|
|
|
852.00
|
853.50
|
1.50
|
0.05
|
|
|
|
|
|
863.00
|
869.50
|
6.50
|
3.03
|
|
|
|
|
incl.
|
867.50
|
868.50
|
1.00
|
16.40
|
|
|
|
|
|
879.00
|
882.00
|
3.00
|
0.28
|
|
|
|
|
|
892.00
|
893.50
|
1.50
|
0.07
|
|
|
|
|
|
911.50
|
912.00
|
0.50
|
0.04
|
|
|
|
|
|
939.00
|
940.50
|
1.50
|
0.04
|
AR-17-164c1
|
327
|
-70
|
942.50
|
126.60
|
458.50
|
470.00
|
11.50
|
0.04
|
|
|
|
|
|
481.50
|
484.00
|
2.50
|
0.02
|
|
|
|
|
|
487.00
|
488.50
|
1.50
|
0.26
|
|
|
|
|
|
497.00
|
500.50
|
3.50
|
0.24
|
|
|
|
|
|
505.00
|
513.50
|
8.50
|
1.27
|
|
|
|
|
incl.
|
506.50
|
511.00
|
4.50
|
2.08
|
|
|
|
|
|
517.00
|
528.00
|
11.00
|
1.52
|
|
|
|
|
incl.
|
522.50
|
527.50
|
5.00
|
3.25
|
|
|
|
|
|
534.50
|
535.00
|
0.50
|
1.86
|
|
|
|
|
|
545.50
|
550.00
|
4.50
|
1.78
|
|
|
|
|
|
554.50
|
555.00
|
0.50
|
0.05
|
|
|
|
|
|
581.50
|
597.50
|
16.00
|
0.47
|
|
|
|
|
incl.
|
581.50
|
584.00
|
2.50
|
2.79
|
|
|
|
|
|
601.50
|
605.50
|
4.00
|
0.04
|
|
|
|
|
|
618.00
|
619.00
|
1.00
|
0.02
|
|
|
|
|
|
626.00
|
629.00
|
3.00
|
0.03
|
|
|
|
|
|
632.50
|
644.50
|
12.00
|
0.06
|
|
|
|
|
|
648.50
|
649.50
|
1.00
|
0.03
|
|
|
|
|
|
652.50
|
654.50
|
2.00
|
0.04
|
|
|
|
|
|
658.50
|
659.50
|
1.00
|
0.02
|
|
|
|
|
|
662.50
|
684.00
|
21.50
|
0.44
|
|
|
|
|
incl.
|
662.50
|
667.50
|
5.00
|
1.67
|
|
|
|
|
|
718.50
|
720.00
|
1.50
|
0.09
|
|
|
|
|
|
745.00
|
746.50
|
1.50
|
0.38
|
|
|
|
|
|
754.50
|
755.50
|
1.00
|
0.08
|
|
|
|
|
|
773.50
|
777.00
|
3.50
|
1.29
|
|
|
|
|
incl.
|
774.50
|
775.50
|
1.00
|
4.15
|
|
|
|
|
|
808.50
|
810.00
|
1.50
|
0.27
|
|
|
|
|
|
822.00
|
824.50
|
2.50
|
0.03
|
|
|
|
|
|
831.00
|
831.50
|
0.50
|
0.03
|
|
|
|
|
|
840.00
|
841.50
|
1.50
|
0.05
|
|
|
|
|
|
897.00
|
897.50
|
0.50
|
0.06
|
AR-17-164c2
|
327
|
-70
|
654.50
|
126.60
|
426.50
|
427.50
|
1.00
|
0.15
|
|
|
|
|
|
451.50
|
455.00
|
3.50
|
0.02
|
|
|
|
|
|
468.50
|
469.00
|
0.50
|
0.08
|
|
|
|
|
|
477.50
|
478.50
|
1.00
|
0.04
|
|
|
|
|
|
485.50
|
487.00
|
1.50
|
0.31
|
|
|
|
|
|
503.00
|
504.00
|
1.00
|
1.05
|
|
|
|
|
|
507.00
|
508.00
|
1.00
|
0.56
|
|
|
|
|
|
519.50
|
520.00
|
0.50
|
0.41
|
|
|
|
|
|
532.00
|
533.00
|
1.00
|
0.02
|
|
|
|
|
|
544.00
|
545.00
|
1.00
|
0.72
|
|
|
|
|
|
548.00
|
553.00
|
5.00
|
0.34
|
|
|
|
|
|
556.00
|
565.00
|
9.00
|
0.79
|
|
|
|
|
incl.
|
556.00
|
560.50
|
4.50
|
1.41
|
|
|
|
|
|
567.50
|
569.50
|
2.00
|
1.01
|
|
|
|
|
|
575.50
|
577.00
|
1.50
|
1.55
|
|
|
|
|
|
580.50
|
584.00
|
3.50
|
0.85
|
|
|
|
|
|
588.00
|
609.50
|
21.50
|
1.80
|
|
|
|
|
incl.
|
590.50
|
593.50
|
3.00
|
12.14
|
|
|
|
|
|
614.00
|
615.00
|
1.00
|
0.06
|
|
|
|
|
|
631.00
|
635.50
|
4.50
|
0.11
|
|
|
|
|
|
639.50
|
649.50
|
10.00
|
0.06
|
|
|
|
|
|
652.50
|
654.00
|
1.50
|
0.04
|
AR-17-164c3
|
327
|
-70
|
549.50
|
126.60
|
444.50
|
448.00
|
3.50
|
0.24
|
|
|
|
|
|
456.50
|
457.00
|
0.50
|
0.67
|
|
|
|
|
|
459.50
|
460.50
|
1.00
|
0.49
|
|
|
|
|
|
463.50
|
471.50
|
8.00
|
0.11
|
|
|
|
|
|
478.00
|
481.00
|
3.00
|
0.36
|
|
|
|
|
|
485.00
|
486.50
|
1.50
|
0.30
|
|
|
|
|
|
503.50
|
514.50
|
11.00
|
0.65
|
|
|
|
|
incl.
|
506.00
|
510.50
|
4.50
|
1.45
|
|
|
|
|
|
517.50
|
526.50
|
9.00
|
0.06
|
|
|
|
|
|
533.00
|
533.50
|
0.50
|
0.02
|
|
|
|
|
|
541.00
|
542.00
|
1.00
|
0.03
|
AR-17-167c1
|
327
|
-70
|
837.50
|
124.00
|
481.50
|
496.50
|
15.00
|
1.49
|
|
|
|
|
incl.
|
489.00
|
491.00
|
2.00
|
10.56
|
|
|
|
|
|
530.00
|
536.00
|
6.00
|
0.04
|
|
|
|
|
|
539.50
|
559.00
|
19.50
|
0.04
|
|
|
|
|
|
566.50
|
582.50
|
16.00
|
0.16
|
|
|
|
|
|
589.50
|
595.50
|
6.00
|
0.15
|
|
|
|
|
|
600.00
|
601.00
|
1.00
|
0.12
|
|
|
|
|
|
627.00
|
630.50
|
3.50
|
0.24
|
|
|
|
|
|
637.00
|
637.50
|
0.50
|
0.02
|
|
|
|
|
|
654.00
|
655.00
|
1.00
|
0.05
|
|
|
|
|
|
660.00
|
663.50
|
3.50
|
0.03
|
|
|
|
|
|
676.00
|
679.00
|
3.00
|
0.16
|
|
|
|
|
|
681.50
|
682.50
|
1.00
|
0.03
|
|
|
|
|
|
731.50
|
733.50
|
2.00
|
0.09
|
|
|
|
|
|
779.50
|
785.00
|
5.50
|
0.14
|
AR-17-167c2
|
327
|
-70
|
723.50
|
124.00
|
460.00
|
460.50
|
0.50
|
1.11
|
|
|
|
|
|
467.00
|
470.50
|
3.50
|
1.65
|
|
|
|
|
|
478.50
|
479.00
|
0.50
|
0.03
|
|
|
|
|
|
533.00
|
546.00
|
13.00
|
0.03
|
|
|
|
|
|
548.50
|
549.50
|
1.00
|
0.03
|
|
|
|
|
|
552.50
|
554.00
|
1.50
|
0.10
|
|
|
|
|
|
556.50
|
563.00
|
6.50
|
0.07
|
|
|
|
|
|
573.50
|
574.00
|
0.50
|
0.06
|
|
|
|
|
|
580.50
|
583.00
|
2.50
|
0.02
|
|
|
|
|
|
615.00
|
618.00
|
3.00
|
5.02
|
|
|
|
|
|
635.00
|
636.50
|
1.50
|
0.45
|
|
|
|
|
|
639.00
|
640.00
|
1.00
|
0.15
|
|
|
|
|
|
675.00
|
675.50
|
0.50
|
0.03
|
AR-17-167c3
|
327
|
-70
|
727.50
|
124.00
|
434.50
|
435.50
|
1.00
|
0.04
|
|
|
|
|
|
440.50
|
444.50
|
4.00
|
0.55
|
|
|
|
|
|
511.00
|
511.50
|
0.50
|
0.03
|
|
|
|
|
|
534.00
|
537.00
|
3.00
|
0.23
|
|
|
|
|
|
570.50
|
573.00
|
2.50
|
0.02
|
|
|
|
|
|
576.00
|
577.00
|
1.00
|
0.07
|
|
|
|
|
|
693.00
|
694.00
|
1.00
|
0.04
|
AR-17-171c1
|
327
|
-70
|
920.00
|
119.30
|
712.00
|
715.50
|
3.50
|
0.06
|
|
|
|
|
|
719.00
|
720.00
|
1.00
|
0.06
|
|
|
|
|
|
727.00
|
728.00
|
1.00
|
0.03
|
|
|
|
|
|
733.50
|
736.00
|
2.50
|
0.08
|
|
|
|
|
|
741.00
|
756.00
|
15.00
|
0.46
|
|
|
|
|
incl.
|
746.50
|
749.00
|
3.00
|
1.48
|
|
|
|
|
|
769.50
|
772.00
|
2.50
|
0.51
|
|
|
|
|
|
790.00
|
791.50
|
1.50
|
1.13
|
|
|
|
|
|
813.00
|
814.00
|
1.00
|
0.02
|
|
|
|
|
|
855.00
|
859.50
|
4.50
|
0.11
|
|
|
|
|
|
863.00
|
864.50
|
1.50
|
0.06
|
AR-17-171c2
|
327
|
-70
|
921.50
|
119.30
|
649.00
|
651.00
|
2.00
|
0.08
|
|
|
|
|
|
654.50
|
655.50
|
1.00
|
0.03
|
|
|
|
|
|
708.50
|
716.00
|
7.50
|
1.20
|
|
|
|
|
|
718.50
|
719.00
|
0.50
|
0.11
|
|
|
|
|
|
733.50
|
734.50
|
1.00
|
0.16
|
|
|
|
|
|
741.50
|
756.50
|
15.00
|
0.09
|
|
|
|
|
|
760.00
|
764.00
|
4.00
|
0.03
|
|
|
|
|
|
766.50
|
768.50
|
2.00
|
0.06
|
|
|
|
|
|
781.50
|
782.50
|
1.00
|
0.07
|
|
|
|
|
|
805.00
|
812.50
|
7.50
|
0.15
|
|
|
|
|
|
821.00
|
823.50
|
2.50
|
0.08
|
|
|
|
|
|
842.00
|
843.00
|
1.00
|
0.77
|
|
|
|
|
|
890.50
|
894.50
|
4.00
|
0.01
|
AR-17-171c3
|
327
|
-70
|
978.50
|
119.30
|
748.00
|
754.00
|
6.00
|
0.04
|
|
|
|
|
|
766.00
|
769.00
|
3.00
|
0.13
|
|
|
|
|
|
775.50
|
777.00
|
1.50
|
0.05
|
|
|
|
|
|
780.00
|
787.00
|
7.00
|
0.08
|
|
|
|
|
|
790.50
|
803.00
|
12.50
|
0.05
|
|
|
|
|
|
817.00
|
830.00
|
13.00
|
0.10
|
|
|
|
|
|
897.00
|
924.50
|
27.50
|
0.63
|
|
|
|
|
|
927.50
|
928.00
|
0.50
|
0.11
|
|
|
|
|
|
932.00
|
932.50
|
0.50
|
0.05
|
AR-17-176c1
|
327
|
-70
|
540.00
|
125.10
|
434.50
|
435.00
|
0.50
|
0.02
|
|
|
|
|
|
481.00
|
481.50
|
0.50
|
0.09
|
|
|
|
|
|
484.00
|
485.00
|
1.00
|
0.05
|
|
|
|
|
|
489.50
|
491.00
|
1.50
|
0.16
|
|
|
|
|
|
505.00
|
507.00
|
2.00
|
0.04
|
AR-17-176c2
|
327
|
-70
|
870.50
|
125.10
|
444.00
|
448.00
|
4.00
|
0.22
|
|
|
|
|
|
504.00
|
508.50
|
4.50
|
0.14
|
|
|
|
|
|
512.50
|
516.50
|
4.00
|
0.39
|
|
|
|
|
|
607.50
|
608.00
|
0.50
|
0.08
|
|
|
|
|
|
617.50
|
631.50
|
14.00
|
0.28
|
|
|
|
|
|
649.50
|
667.04
|
17.54
|
3.51
|
|
|
|
|
incl.
|
651.50
|
663.00
|
11.50
|
5.33
|
|
|
|
|
incl.
|
659.00
|
663.00
|
4.00
|
12.88
|
|
|
|
|
|
671.00
|
688.00
|
17.00
|
0.47
|
|
|
|
|
|
692.00
|
707.50
|
15.50
|
0.77
|
|
|
|
|
incl.
|
693.50
|
695.00
|
1.50
|
7.71
|
|
|
|
|
|
711.00
|
717.50
|
6.50
|
0.33
|
|
|
|
|
|
758.50
|
759.00
|
0.50
|
0.03
|
|
|
|
|
|
784.00
|
787.00
|
3.00
|
0.01
|
|
|
|
|
|
811.00
|
815.00
|
4.00
|
0.26
|
AR-17-179c1
|
327
|
-68
|
639.50
|
130.50
|
457.00
|
459.50
|
2.50
|
0.04
|
|
|
|
|
|
464.00
|
469.00
|
5.00
|
0.02
|
|
|
|
|
|
494.50
|
495.00
|
0.50
|
1.11
|
|
|
|
|
|
501.00
|
503.50
|
2.50
|
1.34
|
|
|
|
|
|
507.50
|
508.00
|
0.50
|
0.36
|
|
|
|
|
|
525.50
|
536.50
|
11.00
|
0.62
|
|
|
|
|
|
540.00
|
540.50
|
0.50
|
0.21
|
|
|
|
|
|
543.00
|
547.00
|
4.00
|
0.21
|
|
|
|
|
|
551.00
|
554.00
|
3.00
|
1.29
|
|
|
|
|
|
556.50
|
559.50
|
3.00
|
0.13
|
|
|
|
|
|
564.50
|
565.00
|
0.50
|
0.08
|
|
|
|
|
|
569.50
|
583.50
|
14.00
|
0.22
|
|
|
|
|
|
586.00
|
586.50
|
0.50
|
0.03
|
|
|
|
|
|
589.00
|
598.00
|
9.00
|
0.10
|
|
|
|
|
|
600.50
|
623.50
|
23.00
|
0.03
|
|
|
|
|
|
628.50
|
632.00
|
3.50
|
0.02
|
AR-17-183c1
|
327
|
-68
|
630.50
|
139.60
|
478.50
|
485.00
|
6.50
|
0.28
|
|
|
|
|
|
489.00
|
489.50
|
0.50
|
4.91
|
|
|
|
|
|
500.00
|
501.00
|
1.00
|
3.24
|
|
|
|
|
|
512.00
|
512.50
|
0.50
|
0.13
|
|
|
|
|
|
516.00
|
516.50
|
0.50
|
6.57
|
|
|
|
|
|
523.50
|
524.50
|
1.00
|
0.06
|
|
|
|
|
|
529.00
|
530.00
|
1.00
|
7.27
|
|
|
|
|
|
534.00
|
534.50
|
0.50
|
0.35
|
|
|
|
|
|
547.00
|
547.50
|
0.50
|
0.29
|
|
|
|
|
|
552.00
|
554.00
|
2.00
|
1.75
|
|
|
|
|
|
558.50
|
579.00
|
20.50
|
0.23
|
|
|
|
|
incl.
|
564.00
|
567.00
|
3.00
|
1.05
|
GAR-17-001
|
327
|
-70
|
597.10
|
115.00
|
271.50
|
304.50
|
33.00
|
0.12
|
|
|
|
|
|
377.00
|
378.00
|
1.00
|
0.05
|
|
|
|
|
|
415.50
|
420.50
|
5.00
|
0.03
|
|
|
|
|
|
487.00
|
494.50
|
7.50
|
0.05
|
|
|
|
|
|
531.50
|
539.50
|
8.00
|
1.43
|
|
|
|
|
incl.
|
531.50
|
536.00
|
4.50
|
2.51
|
GAR-17-002
|
327
|
-70
|
884.50
|
124.70
|
463.50
|
465.00
|
1.50
|
0.20
|
|
|
|
|
|
493.00
|
496.50
|
3.50
|
0.39
|
|
|
|
|
|
519.50
|
520.50
|
1.00
|
0.83
|
|
|
|
|
|
524.00
|
525.00
|
1.00
|
0.28
|
|
|
|
|
|
529.50
|
531.50
|
2.00
|
0.21
|
|
|
|
|
|
543.50
|
545.50
|
2.00
|
0.18
|
|
|
|
|
|
550.00
|
551.50
|
1.50
|
0.64
|
|
|
|
|
|
555.00
|
558.50
|
3.50
|
0.28
|
|
|
|
|
|
561.00
|
561.50
|
0.50
|
0.21
|
|
|
|
|
|
572.00
|
572.50
|
0.50
|
0.07
|
|
|
|
|
|
576.00
|
576.50
|
0.50
|
0.01
|
|
|
|
|
|
589.00
|
605.50
|
16.50
|
0.15
|
|
|
|
|
|
611.50
|
628.00
|
16.50
|
0.09
|
|
|
|
|
|
630.57
|
634.50
|
3.93
|
0.18
|
|
|
|
|
|
646.50
|
648.50
|
2.00
|
0.10
|
|
|
|
|
|
651.50
|
657.00
|
5.50
|
0.09
|
|
|
|
|
|
663.50
|
669.48
|
5.98
|
0.66
|
|
|
|
|
|
672.00
|
701.50
|
29.50
|
1.29
|
|
|
|
|
incl.
|
696.50
|
698.50
|
2.00
|
16.07
|
|
|
|
|
|
714.55
|
714.65
|
0.10
|
0.10
|
|
|
|
|
|
749.00
|
749.50
|
0.50
|
1.62
|
|
|
|
|
|
768.50
|
771.00
|
2.50
|
1.00
|
|
|
|
|
|
796.00
|
801.00
|
5.00
|
0.16
|
|
|
|
|
|
811.50
|
813.00
|
1.50
|
0.07
|
|
|
|
|
|
821.76
|
823.00
|
1.24
|
0.05
|
|
|
|
|
|
827.00
|
830.00
|
3.00
|
0.17
|
|
|
|
|
|
838.50
|
840.00
|
1.50
|
0.05
|
GAR-17-005
|
80
|
-70
|
752.40
|
109.80
|
487.50
|
488.50
|
1.00
|
0.08
|
|
|
|
|
|
647.50
|
651.50
|
4.00
|
0.05
|
|
|
|
|
|
656.50
|
659.50
|
3.00
|
0.06
|
|
|
|
|
|
670.00
|
671.00
|
1.00
|
0.03
|
|
|
|
|
|
680.50
|
685.50
|
5.00
|
0.08
|
|
|
|
|
|
704.50
|
705.00
|
0.50
|
0.06
|
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
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, 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.