VANCOUVER, July 9, 2018 /PRNewswire/ - NexGen Energy
Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE MKT:NXE) is
pleased to report assay results for all fifty-four holes from our
recently concluded winter drilling program on our 100% owned, Rook
I property, in the Athabasca
Basin, Saskatchewan.
Assays have confirmed uranium mineralization was
intersected in areas representing significant step outs to the
northeast and northwest of the Arrow Deposit representing
large, wide-open areas of potential mineralization growth.
Additionally, uranium mineralization was intersected in both
A1 and A2 Inferred expansion areas. Further, the A3
high-grade domain infill program, designed to convert
Inferred Mineral Resources into the Indicated category proved
successful.
New Areas of Uranium Mineralization:
Discovery of A0 Shear
- AR-18-187c3 intersected 2.5
m at 0.47% U3O8 (546.0 to
548.5 m) and 8.5 m at 0.21%
U3O8 (596.5 to 605.0 m), 95 m
outside of the 2017 RPA Mineral Resource Estimate. This hole is
approximately 40 m along strike to
the southwest of GAR-17-001 (1.43%
U3O8 over 8.0
m). To date, neither hole has been included in the
Arrow mineral resource.
New Mineralization Intersected 160
m Northwest of the A0 Shear
- AR-18-208c1 intersected 0.5
m at 0.60% U3O8 (637.5 to
638.0 m) and 3.0 m at 0.35%
U3O8 (686.0 to 689.0 m), 175 m
outside of the 2017 RPA Mineral Resource Estimate.
New Mineralization Intersected to the Northeast of the A1
and A2 Shears
- AR-18-189c4 intersected 7.0
m at 1.78% U3O8 (819.0 to
826.0 m) including 2.0 m at 5.86% U3O8
(822.5 to 824.5 m) and
36.5 m at 0.56%
U3O8 (832.0 to 868.5 m), 215 m
outside of the 2017 RPA Mineral Resource Estimate. This hole is
approximately 35 m along strike to
the northeast of AR-15-050 (0.47%
U3O8 over 19.5
m).
AR-18-187c3, AR-18-208c1 and AR-18-189c4 represent
significant step-outs from the 2017 resource shells and are new
areas of mineralization requiring more drilling to define
mineralization.
A2 Expansion and A3 Infill Drilling:
A2 Shear Expansion
Expansion drilling in the A2 shear was focussed on Inferred
resource growth, successfully intersecting uranium mineralization
along strike to the northeast of the Arrow Deposit and down dip
from the A2 high-grade domain.
- AR-18-186c1 intersected 23.5
m at 3.87% U3O8 (530.0 to
553.5 m) including 6.5 m at 8.36% U3O8
(532.5 to 539.0 m), 60 m along strike to the northeast of the 2017
RPA Mineral Resource Estimate high-grade domain. This hole is
approximately 45 m along strike to
the northeast of AR-16-102c2 (0.48% U3O8 over 9.5 m).
- AR-18-200c2 intersected 36.0
m at 1.03% U3O8 (739.0 to
775.0 m) including 14.0 m
at 2.37% U3O8 (532.5 to 539.0 m) 80 m
down-dip from the 2017 RPA Mineral Resource Estimate high-grade
domain. In addition, AR-18-200c1 intersected 16.0 m at 0.99% U3O8
(743.5 to 759.5 m) 50 m up-dip and southwest of
AR-18-200c2.
These results in the A2 Shear Expansion represent
significant step-outs from the 2017 resource shells and are new
areas of mineralization requiring more drilling to define
mineralization.
A3 Shear Infill
The following results from the A3 high-grade domain
drilling all contributed to converting Inferred to Indicated
Mineral Resources. Indicated Mineral Resources will form the basis
of the Pre-Feasibility Study scheduled for Q3/early Q4 2018
release.
- AR-18-186c2 intersected 32.5
m at 1.52% U3O8 (455.5 to
488.0 m) including 2.0 m at 18.65%
U3O8 (462.0 to 464.0 m). This hole also represents a successful
expansion of the A3 high-grade domain.
- AR-18-197c3 intersected 17.5
m at 1.10% U3O8 (638.0 to
655.5 m) including, 4.0 m at 2.57%
U3O8 (642.5 to 646.5 m). This hole represents a successful
infill intersection at 25.0 m spacing
in the A3 domain.
- AR-18-202c1 intersected 11.5
m at 1.0% U3O8 (512.0 to
523.5 m) and 5.0 m at 3.35%
U3O8 (532.0 to 537.0 m). This hole represents a successful
infill intersection at 25.0 m spacing
in the A3 high-grade domain.
Drill hole locations and long sections are shown in Figures 1 to
4. Drill hole assay results are displayed in Tables 1 and 2.
Development, Activities & Financial
- Pre-feasibility staged technical studies including geotechnical
work, hydrogeological work, and metallurgy continue in advance of
the updated Mineral Resource Estimate and maiden
Pre-Feasibility Study scheduled for the end of Q3 / early Q4
2018.
- The Company has cash on hand of approximately $145
million.
Troy Boisjoli, Vice-President,
Operations and Project Development, commented: "All U3O8 assays
from the winter 2018 drill program have been returned and confirm
the discovery of uranium mineralization both in the A0 shear zone,
and the area 160 m northwest of the
A0 shear zone. Additionally, confirmation of uranium mineralization
intersected to the northeast of the A1 and A2 shear zones with the
AR-18-189 series holes continues to expand the footprint of the
Arrow Deposit. All of these potential news zones - A0, 160 m northwest and northeast strike extensions
require additional drilling which is a focus of the current
summer drilling program. The continued success of
resource expansion and near Arrow exploration drilling, from my
experience, indicates the absolute scale of the Arrow Deposit will
not be fully realized without significantly more drilling.
Furthermore, the infill drilling results highlight the strong
continuity across the Arrow Deposit as well as the robustness of
the Arrow Mineral Resource model, from which the Indicated Mineral
Resources will form the basis of the Pre-Feasibility Study. The
team is looking forward to following up on results from the Winter
2018 program, while in parallel advancing key project development
initiatives.
Leigh Curyer, Chief Executive Officer, commented: "The 2018
winter drill program was a shift in direction predominantly
designed to boldly test the outer footprint of Arrow and resulted
in the discovery of new areas of uranium mineralization. I
congratulate the entire team for their dedication to this
initiative. These results indicate significant drilling remains
ahead to define these areas and other targets in and around Arrow
prior to the ultimate extent of mineralization at Arrow is
defined. It is truly a unique situation whereby the size and
extent of Arrow is continuing to evolve in parallel to conducting
the project studies and initiatives to optimally advance the
project towards production."
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-18-186c1
|
330
|
-68
|
840.5
|
132
|
389.0
|
392.0
|
3.0
|
0.52
|
|
|
|
|
|
405.5
|
406.0
|
0.5
|
0.05
|
|
|
|
|
|
412.5
|
413.0
|
0.5
|
0.70
|
|
|
|
|
|
417.0
|
426.5
|
9.5
|
0.09
|
|
|
|
|
|
430.0
|
446.5
|
16.5
|
1.51
|
|
|
|
|
|
454.0
|
463.5
|
9.5
|
0.11
|
|
|
|
|
|
466.5
|
469.5
|
3.0
|
0.04
|
|
|
|
|
|
506.0
|
515.5
|
9.5
|
0.06
|
|
|
|
|
|
530.0
|
553.5
|
23.5
|
3.87
|
|
|
|
|
incl.
|
532.5
|
539.0
|
6.5
|
8.36
|
|
|
|
|
|
582.5
|
598.5
|
16.0
|
1.00
|
|
|
|
|
|
666.0
|
666.5
|
0.5
|
0.03
|
|
|
|
|
|
744.5
|
746.5
|
2.0
|
0.07
|
AR-18-186c2
|
330
|
-68
|
561.5
|
N/A
|
393.0
|
394.5
|
1.5
|
0.05
|
|
|
|
|
|
406.0
|
407.0
|
1.0
|
0.15
|
|
|
|
|
|
410.5
|
411.5
|
1.0
|
0.07
|
|
|
|
|
|
432.0
|
435.5
|
3.5
|
0.32
|
|
|
|
|
|
442.5
|
445.0
|
2.5
|
1.31
|
|
|
|
|
|
448.0
|
452.5
|
4.5
|
0.34
|
|
|
|
|
|
455.5
|
488.0
|
32.5
|
1.52
|
|
|
|
|
incl.
|
462.0
|
464.0
|
2.0
|
18.65
|
|
|
|
|
|
492.0
|
509.5
|
17.5
|
0.14
|
|
|
|
|
|
512.5
|
517.0
|
4.5
|
0.05
|
|
|
|
|
|
549.0
|
556.0
|
7.0
|
0.05
|
AR-18-187c1
|
327
|
-70
|
657.5
|
117
|
237.0
|
238.5
|
1.5
|
0.06
|
|
|
|
|
|
275.5
|
352.5
|
77.0
|
0.09
|
|
|
|
|
incl.
|
301.0
|
307.0
|
6.0
|
0.34
|
|
|
|
|
|
387.0
|
393.0
|
6.0
|
0.02
|
|
|
|
|
|
399.0
|
409.0
|
10.0
|
0.03
|
|
|
|
|
|
419.0
|
430.0
|
11.0
|
0.03
|
|
|
|
|
|
435.0
|
446.0
|
11.0
|
0.07
|
|
|
|
|
|
477.5
|
482.5
|
5.0
|
0.07
|
|
|
|
|
|
520.0
|
523.5
|
3.5
|
0.31
|
AR-18-187c2
|
327
|
-70
|
930.5
|
N/A
|
280.0
|
283.5
|
3.5
|
0.04
|
|
|
|
|
|
299.0
|
359.5
|
60.5
|
0.13
|
|
|
|
|
|
363.5
|
364.5
|
1.0
|
0.01
|
|
|
|
|
|
394.5
|
433.0
|
38.5
|
0.21
|
|
|
|
|
incl.
|
417.0
|
423.5
|
6.5
|
1.04
|
|
|
|
|
|
455.0
|
457.0
|
2.0
|
0.03
|
|
|
|
|
|
486.5
|
497.0
|
10.5
|
0.05
|
|
|
|
|
|
513.5
|
524.5
|
11.0
|
0.04
|
|
|
|
|
|
547.5
|
549.0
|
1.5
|
0.04
|
|
|
|
|
|
892.5
|
893.5
|
1.0
|
0.06
|
AR-18-187c3
|
327
|
-70
|
914.5
|
N/A
|
278.5
|
282.0
|
3.5
|
0.03
|
|
|
|
|
|
286.5
|
353.5
|
67.0
|
0.10
|
|
|
|
|
|
357.5
|
361.0
|
3.5
|
0.02
|
|
|
|
|
|
406.5
|
414.0
|
7.5
|
0.05
|
|
|
|
|
|
426.0
|
430.0
|
4.0
|
0.03
|
|
|
|
|
|
535.0
|
537.0
|
2.0
|
0.04
|
|
|
|
|
|
546.5
|
548.5
|
2.0
|
0.47
|
|
|
|
|
|
552.5
|
560.5
|
8.0
|
0.05
|
|
|
|
|
|
563.5
|
580.0
|
16.5
|
0.04
|
|
|
|
|
|
583.5
|
585.5
|
2.0
|
0.08
|
|
|
|
|
|
596.5
|
605.0
|
8.5
|
0.21
|
AR-18-187c4
|
327
|
-70
|
918.5
|
N/A
|
282.0
|
332.5
|
50.5
|
0.19
|
|
|
|
|
|
339.0
|
341.5
|
2.5
|
0.03
|
|
|
|
|
|
389.0
|
390.5
|
1.5
|
0.02
|
|
|
|
|
|
399.0
|
408.0
|
9.0
|
0.06
|
|
|
|
|
|
412.5
|
427.0
|
14.5
|
0.46
|
|
|
|
|
incl.
|
422.5
|
426.5
|
4.0
|
1.15
|
|
|
|
|
|
447.5
|
461.5
|
14.0
|
0.06
|
|
|
|
|
|
469.0
|
470.0
|
1.0
|
0.03
|
|
|
|
|
|
474.5
|
475.0
|
0.5
|
0.03
|
|
|
|
|
|
675.5
|
679.5
|
4.0
|
0.06
|
AR-18-188c1
|
327
|
-70
|
519
|
125.65
|
420.0
|
420.5
|
0.5
|
0.01
|
|
|
|
|
|
432.0
|
433.0
|
1.0
|
0.02
|
|
|
|
|
|
477.5
|
478.0
|
0.5
|
0.02
|
|
|
|
|
|
483.5
|
489.0
|
5.5
|
0.10
|
AR-18-188c2
|
327
|
-70
|
582
|
N/A
|
427.5
|
429.0
|
1.5
|
0.03
|
|
|
|
|
|
432.5
|
434.5
|
2.0
|
0.06
|
|
|
|
|
|
486.5
|
487.0
|
0.5
|
0.04
|
|
|
|
|
|
492.0
|
495.0
|
3.0
|
0.23
|
|
|
|
|
|
500.0
|
508.0
|
8.0
|
0.99
|
|
|
|
|
incl.
|
505.5
|
506.5
|
1.0
|
5.32
|
AR-18-188c3
|
327
|
-70
|
597
|
N/A
|
440.0
|
440.5
|
0.5
|
0.06
|
|
|
|
|
|
443.5
|
444.5
|
1.0
|
0.04
|
|
|
|
|
|
495.0
|
496.0
|
1.0
|
0.02
|
|
|
|
|
|
506.5
|
512.0
|
5.5
|
0.07
|
|
|
|
|
|
517.0
|
527.0
|
10.0
|
0.19
|
AR-18-189c1
|
327
|
-70
|
984.5
|
128
|
854.0
|
861.0
|
7.0
|
0.06
|
|
|
|
|
|
866.0
|
871.0
|
5.0
|
0.39
|
|
|
|
|
|
884.5
|
886.0
|
1.5
|
0.03
|
AR-18-189c2
|
327
|
-70
|
1056.5
|
N/A
|
No significant
intersections
|
AR-18-189c3
|
327
|
-70
|
972.5
|
N/A
|
828.5
|
836.5
|
8.0
|
0.18
|
|
|
|
|
|
843.5
|
855.0
|
11.5
|
0.06
|
|
|
|
|
|
862.5
|
874.0
|
11.5
|
0.14
|
|
|
|
|
|
879.5
|
887.0
|
7.5
|
0.25
|
AR-18-189c4
|
327
|
-70
|
930.5
|
N/A
|
819.0
|
826.0
|
7.0
|
1.78
|
|
|
|
|
incl.
|
822.5
|
824.5
|
2.0
|
5.86
|
|
|
|
|
|
832.0
|
868.5
|
36.5
|
0.56
|
|
|
|
|
incl.
|
836.5
|
844.5
|
8.0
|
1.68
|
|
|
|
|
|
872.5
|
874.0
|
1.5
|
0.03
|
AR-18-189c5
|
327
|
-70
|
915.5
|
N/A
|
424.5
|
425.0
|
0.5
|
0.02
|
|
|
|
|
|
798.5
|
802.5
|
4.0
|
1.10
|
|
|
|
|
|
806.5
|
808.5
|
2.0
|
0.04
|
|
|
|
|
|
812.5
|
813.0
|
0.5
|
0.05
|
|
|
|
|
|
816.5
|
817.0
|
0.5
|
0.06
|
|
|
|
|
|
829.5
|
832.5
|
3.0
|
0.32
|
|
|
|
|
|
836.0
|
842.0
|
6.0
|
0.17
|
AR-18-195c1
|
327
|
-70
|
519.5
|
N/A
|
395.5
|
396.0
|
0.5
|
0.07
|
|
|
|
|
|
406.0
|
407.0
|
1.0
|
0.05
|
|
|
|
|
|
409.5
|
410.5
|
1.0
|
0.22
|
|
|
|
|
|
414.0
|
415.0
|
1.0
|
2.14
|
|
|
|
|
|
428.5
|
432.0
|
3.5
|
2.01
|
|
|
|
|
|
436.0
|
465.0
|
29.0
|
0.68
|
|
|
|
|
incl.
|
445.5
|
450.5
|
5.0
|
1.40
|
|
|
|
|
|
480.0
|
481.5
|
1.5
|
0.03
|
AR-18-195c2
|
327
|
-70
|
543.5
|
N/A
|
404.5
|
406.5
|
2.0
|
0.33
|
|
|
|
|
|
409.0
|
409.5
|
0.5
|
0.03
|
|
|
|
|
|
415.5
|
416.0
|
0.5
|
1.24
|
|
|
|
|
|
420.0
|
421.0
|
1.0
|
0.22
|
|
|
|
|
|
431.0
|
433.0
|
2.0
|
2.93
|
|
|
|
|
|
441.5
|
451.0
|
9.5
|
0.53
|
|
|
|
|
|
457.0
|
469.5
|
12.5
|
0.13
|
|
|
|
|
|
472.5
|
486.0
|
13.5
|
1.18
|
AR-18-195c3
|
327
|
-70
|
501.5
|
N/A
|
385.0
|
405.0
|
20.0
|
0.06
|
|
|
|
|
|
429.0
|
433.0
|
4.0
|
0.03
|
|
|
|
|
|
436.0
|
438.5
|
2.5
|
0.07
|
|
|
|
|
|
443.0
|
444.0
|
1.0
|
0.02
|
AR-18-197c1
|
327
|
-70
|
630.5
|
N/A
|
438.0
|
439.5
|
1.5
|
0.02
|
|
|
|
|
|
522.5
|
523.0
|
0.5
|
0.02
|
|
|
|
|
|
563.0
|
564.5
|
1.5
|
0.84
|
|
|
|
|
|
575.5
|
576.5
|
1.0
|
2.41
|
|
|
|
|
|
587.0
|
601.0
|
14.0
|
0.08
|
|
|
|
|
|
606.0
|
630.5
|
24.5
|
0.07
|
AR-18-197c2
|
327
|
-70
|
813.5
|
N/A
|
585.0
|
585.5
|
0.5
|
0.97
|
|
|
|
|
|
594.5
|
598.0
|
3.5
|
0.07
|
|
|
|
|
|
610.5
|
621.5
|
11.0
|
1.38
|
|
|
|
|
|
624.0
|
629.5
|
5.5
|
0.07
|
|
|
|
|
|
634.0
|
637.0
|
3.0
|
0.02
|
|
|
|
|
|
690.0
|
699.0
|
9.0
|
0.09
|
|
|
|
|
|
703.5
|
704.0
|
0.5
|
0.12
|
|
|
|
|
|
719.0
|
719.5
|
0.5
|
0.17
|
|
|
|
|
|
753.0
|
753.5
|
0.5
|
0.05
|
|
|
|
|
|
765.0
|
773.0
|
8.0
|
0.24
|
AR-18-197c3
|
327
|
-70
|
723.5
|
N/A
|
549.0
|
549.5
|
0.5
|
0.01
|
|
|
|
|
|
586.0
|
586.5
|
0.5
|
0.38
|
|
|
|
|
|
589.5
|
590.5
|
1.0
|
0.31
|
|
|
|
|
|
595.0
|
596.0
|
1.0
|
3.00
|
|
|
|
|
|
619.5
|
621.0
|
1.5
|
2.18
|
|
|
|
|
|
630.5
|
631.0
|
0.5
|
0.08
|
|
|
|
|
|
634.5
|
635.0
|
0.5
|
0.22
|
|
|
|
|
|
638.0
|
655.5
|
17.5
|
1.10
|
|
|
|
|
|
658.0
|
661.5
|
3.5
|
0.10
|
|
|
|
|
|
664.5
|
687.5
|
23.0
|
0.07
|
|
|
|
|
|
703.0
|
703.5
|
0.5
|
0.06
|
|
|
|
|
|
706.0
|
708.5
|
2.5
|
0.07
|
|
|
|
|
|
711.0
|
717.0
|
6.0
|
0.02
|
AR-18-197c4
|
327
|
-70
|
858.5
|
N/A
|
607.0
|
608.5
|
1.5
|
3.31
|
|
|
|
|
|
615.5
|
616.5
|
1.0
|
0.18
|
|
|
|
|
|
632.5
|
633.5
|
1.0
|
3.90
|
|
|
|
|
|
641.0
|
646.5
|
5.5
|
0.46
|
|
|
|
|
|
658.5
|
660.5
|
2.0
|
0.02
|
|
|
|
|
|
664.0
|
665.0
|
1.0
|
0.05
|
|
|
|
|
|
667.5
|
668.0
|
0.5
|
0.05
|
|
|
|
|
|
674.5
|
689.0
|
14.5
|
0.49
|
|
|
|
|
|
696.0
|
698.0
|
2.0
|
0.02
|
|
|
|
|
|
703.5
|
704.5
|
1.0
|
0.01
|
|
|
|
|
|
707.5
|
708.5
|
1.0
|
0.02
|
|
|
|
|
|
714.5
|
718.5
|
4.0
|
0.02
|
|
|
|
|
|
726.5
|
727.5
|
1.0
|
0.03
|
|
|
|
|
|
744.0
|
745.5
|
1.5
|
0.03
|
|
|
|
|
|
758.5
|
760.0
|
1.5
|
0.07
|
|
|
|
|
|
784.5
|
786.5
|
2.0
|
0.19
|
|
|
|
|
|
789.5
|
790.5
|
1.0
|
0.08
|
|
|
|
|
|
827.0
|
832.0
|
5.0
|
0.17
|
|
|
|
|
|
835.5
|
838.0
|
2.5
|
0.11
|
AR-18-200c1
|
327
|
-70
|
885.5
|
121.2
|
489.5
|
492.5
|
3.0
|
0.10
|
|
|
|
|
|
530.5
|
532.5
|
2.0
|
0.23
|
|
|
|
|
|
536.0
|
537.0
|
1.0
|
0.76
|
|
|
|
|
|
606.5
|
607.0
|
0.5
|
0.34
|
|
|
|
|
|
627.5
|
630.0
|
2.5
|
0.44
|
|
|
|
|
|
634.5
|
635.0
|
0.5
|
0.16
|
|
|
|
|
|
645.5
|
646.0
|
0.5
|
0.08
|
|
|
|
|
|
651.0
|
654.0
|
3.0
|
0.25
|
|
|
|
|
|
657.0
|
689.5
|
32.5
|
0.11
|
|
|
|
|
|
705.5
|
710.5
|
5.0
|
0.14
|
|
|
|
|
|
714.0
|
721.0
|
7.0
|
0.08
|
|
|
|
|
|
728.5
|
729.0
|
0.5
|
0.16
|
|
|
|
|
|
737.5
|
740.5
|
3.0
|
0.06
|
|
|
|
|
|
743.5
|
759.5
|
16.0
|
0.99
|
|
|
|
|
|
763.5
|
774.0
|
10.5
|
0.31
|
AR-18-200c2
|
327
|
-70
|
900
|
N/A
|
531.0
|
532.0
|
1.0
|
0.17
|
|
|
|
|
|
535.5
|
537.0
|
1.5
|
0.09
|
|
|
|
|
|
645.0
|
647.5
|
2.5
|
0.32
|
|
|
|
|
|
652.5
|
653.0
|
0.5
|
0.01
|
|
|
|
|
|
672.5
|
692.0
|
19.5
|
0.15
|
|
|
|
|
|
701.0
|
703.5
|
2.5
|
0.11
|
|
|
|
|
|
721.5
|
736.5
|
15.0
|
0.10
|
|
|
|
|
|
739.0
|
775.0
|
36.0
|
1.03
|
|
|
|
|
|
778.0
|
782.0
|
4.0
|
0.09
|
|
|
|
|
|
835.0
|
835.5
|
0.5
|
0.03
|
AR-18-200c3
|
327
|
-70
|
882.5
|
N/A
|
618.5
|
619.0
|
0.5
|
0.17
|
|
|
|
|
|
645.0
|
645.5
|
0.5
|
0.39
|
|
|
|
|
|
648.5
|
649.0
|
0.5
|
0.04
|
|
|
|
|
|
664.0
|
664.5
|
0.5
|
0.04
|
|
|
|
|
|
667.0
|
675.5
|
8.5
|
0.04
|
|
|
|
|
|
679.0
|
684.0
|
5.0
|
0.24
|
|
|
|
|
|
693.5
|
699.5
|
6.0
|
0.11
|
|
|
|
|
|
715.0
|
727.0
|
12.0
|
0.04
|
|
|
|
|
|
730.0
|
749.0
|
19.0
|
0.12
|
|
|
|
|
|
758.0
|
761.0
|
3.0
|
1.00
|
|
|
|
|
|
765.5
|
770.5
|
5.0
|
0.11
|
|
|
|
|
|
810.5
|
811.0
|
0.5
|
0.04
|
AR-18-200c4
|
327
|
-70
|
870.5
|
N/A
|
503.0
|
503.5
|
0.5
|
0.09
|
|
|
|
|
|
514.5
|
515.0
|
0.5
|
0.04
|
|
|
|
|
|
521.5
|
522.0
|
0.5
|
0.35
|
|
|
|
|
|
611.5
|
616.5
|
5.0
|
0.48
|
|
|
|
|
|
628.5
|
631.5
|
3.0
|
0.04
|
|
|
|
|
|
634.5
|
639.0
|
4.5
|
0.37
|
|
|
|
|
|
643.0
|
645.0
|
2.0
|
0.04
|
|
|
|
|
|
649.5
|
652.0
|
2.5
|
0.07
|
|
|
|
|
|
654.5
|
661.0
|
6.5
|
0.04
|
|
|
|
|
|
675.5
|
682.0
|
6.5
|
0.08
|
|
|
|
|
|
721.5
|
744.0
|
22.5
|
0.60
|
|
|
|
|
|
747.5
|
761.0
|
13.5
|
0.31
|
|
|
|
|
|
765.5
|
768.5
|
3.0
|
0.13
|
|
|
|
|
|
773.0
|
778.0
|
5.0
|
0.24
|
|
|
|
|
|
781.5
|
788.5
|
7.0
|
0.16
|
|
|
|
|
|
791.5
|
793.0
|
1.5
|
0.05
|
|
|
|
|
|
796.0
|
799.0
|
3.0
|
0.50
|
AR-18-202c1
|
327
|
-70
|
600.5
|
N/A
|
451.0
|
452.0
|
1.0
|
0.06
|
|
|
|
|
|
459.0
|
465.0
|
6.0
|
0.10
|
|
|
|
|
|
473.0
|
474.5
|
1.5
|
0.03
|
|
|
|
|
|
477.5
|
483.0
|
5.5
|
0.69
|
|
|
|
|
|
485.5
|
487.0
|
1.5
|
0.16
|
|
|
|
|
|
495.0
|
509.5
|
14.5
|
0.40
|
|
|
|
|
|
512.0
|
523.5
|
11.5
|
1.00
|
|
|
|
|
|
528.0
|
529.0
|
1.0
|
0.35
|
|
|
|
|
|
532.0
|
537.0
|
5.0
|
3.35
|
|
|
|
|
incl.
|
534.0
|
536.0
|
2.0
|
7.67
|
|
|
|
|
|
540.5
|
542.0
|
1.5
|
0.22
|
|
|
|
|
|
546.0
|
551.5
|
5.5
|
0.02
|
|
|
|
|
|
554.5
|
556.5
|
2.0
|
0.01
|
|
|
|
|
|
561.5
|
571.0
|
9.5
|
0.03
|
|
|
|
|
|
596.0
|
597.0
|
1.0
|
0.02
|
AR-18-202c2
|
327
|
-70
|
621.5
|
N/A
|
455.0
|
457.5
|
2.5
|
0.03
|
|
|
|
|
|
460.0
|
468.5
|
8.5
|
0.08
|
|
|
|
|
|
478.5
|
479.5
|
1.0
|
0.06
|
|
|
|
|
|
483.5
|
484.5
|
1.0
|
1.48
|
|
|
|
|
|
494.5
|
495.5
|
1.0
|
0.02
|
|
|
|
|
|
505.5
|
509.5
|
4.0
|
0.82
|
|
|
|
|
|
516.5
|
517.0
|
0.5
|
0.34
|
|
|
|
|
|
522.0
|
524.5
|
2.5
|
0.55
|
|
|
|
|
|
528.0
|
530.0
|
2.0
|
1.13
|
|
|
|
|
|
532.5
|
533.0
|
0.5
|
0.06
|
|
|
|
|
|
544.0
|
544.5
|
0.5
|
0.37
|
|
|
|
|
|
548.0
|
552.0
|
4.0
|
0.07
|
|
|
|
|
|
571.5
|
576.5
|
5.0
|
3.86
|
|
|
|
|
incl.
|
572.0
|
573.0
|
1.0
|
13.90
|
|
|
|
|
|
580.0
|
584.5
|
4.5
|
0.04
|
|
|
|
|
|
593.5
|
595.5
|
2.0
|
0.05
|
|
|
|
|
|
603.5
|
617.5
|
14.0
|
0.15
|
AR-18-205c1
|
355
|
-70
|
571
|
103.15
|
No significant
intersections
|
AR-18-206c1
|
327
|
-68
|
777.5
|
103.95
|
500.5
|
504.0
|
3.5
|
0.06
|
|
|
|
|
|
551.5
|
557.5
|
6.0
|
0.16
|
|
|
|
|
|
575.5
|
576.0
|
0.5
|
0.07
|
|
|
|
|
|
584.0
|
585.5
|
1.5
|
0.93
|
|
|
|
|
|
634.5
|
635.0
|
0.5
|
5.58
|
|
|
|
|
|
648.0
|
657.5
|
9.5
|
0.40
|
|
|
|
|
|
672.0
|
677.5
|
5.5
|
0.81
|
|
|
|
|
|
681.0
|
690.0
|
9.0
|
0.69
|
|
|
|
|
|
694.5
|
700.0
|
5.5
|
0.04
|
|
|
|
|
|
709.5
|
718.0
|
8.5
|
0.02
|
|
|
|
|
|
721.5
|
726.5
|
5.0
|
0.03
|
|
|
|
|
|
732.0
|
758.0
|
26.0
|
0.04
|
|
|
|
|
|
761.5
|
771.0
|
9.5
|
0.24
|
AR-18-207c1
|
327
|
-68
|
1083.5
|
123.4
|
573.0
|
576.0
|
3.0
|
0.14
|
|
|
|
|
|
580.5
|
581.0
|
0.5
|
0.05
|
|
|
|
|
|
712.0
|
712.5
|
0.5
|
0.36
|
AR-18-208c1
|
327
|
-68
|
802.7
|
108.15
|
562.0
|
562.5
|
0.5
|
0.11
|
|
|
|
|
|
596.5
|
598.5
|
2.0
|
0.02
|
|
|
|
|
|
637.5
|
638.0
|
0.5
|
0.60
|
|
|
|
|
|
662.0
|
662.5
|
0.5
|
0.03
|
|
|
|
|
|
686.0
|
689.0
|
3.0
|
0.35
|
|
|
|
|
|
717.5
|
722.5
|
5.0
|
0.06
|
|
|
|
|
|
743.5
|
746.5
|
3.0
|
0.05
|
AR-18-209c1
|
327
|
-68
|
762.5
|
115.6
|
499.5
|
507.5
|
8.0
|
0.08
|
|
|
|
|
|
553.5
|
554.0
|
0.5
|
0.02
|
|
|
|
|
|
709.5
|
710.0
|
0.5
|
0.15
|
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
Table 2: Regional Exploration
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-18-190c1
|
315
|
-68
|
348
|
N/A
|
No
Intersections
|
AR-18-191c1
|
315
|
-70
|
375
|
N/A
|
No
Intersections
|
AR-18-192c1
|
315
|
-68
|
429
|
N/A
|
300.5
|
305.0
|
4.5
|
0.04
|
AR-18-193c1
|
315
|
-70
|
657.5
|
N/A
|
No
Intersections
|
AR-18-194c1
|
315
|
-68
|
555.5
|
N/A
|
356.5
|
357.0
|
0.5
|
0.18
|
|
|
|
|
|
374.0
|
376.0
|
2.0
|
0.03
|
|
|
|
|
|
457.5
|
458.0
|
0.5
|
0.04
|
|
|
|
|
|
470.0
|
470.5
|
0.5
|
0.05
|
|
|
|
|
|
478.0
|
479.0
|
1.0
|
0.12
|
AR-18-196c1
|
315
|
-67
|
615.5
|
N/A
|
No
Intersections
|
AR-18-198c1
|
315
|
-68
|
543
|
N/A
|
337.0
|
339.0
|
2.0
|
0.03
|
|
|
|
|
|
343.0
|
344.0
|
1.0
|
0.02
|
|
|
|
|
|
367.5
|
368.0
|
0.5
|
0.04
|
|
|
|
|
|
455.0
|
465.0
|
10.0
|
0.07
|
|
|
|
|
incl.
|
461.0
|
464.5
|
3.5
|
0.12
|
|
|
|
|
|
468.5
|
469.5
|
1.0
|
0.01
|
AR-18-199c1
|
315
|
-68
|
567
|
N/A
|
345.5
|
354
|
8.5
|
0.02
|
|
|
|
|
|
356.5
|
360
|
3.5
|
0.01
|
|
|
|
|
|
374.5
|
383
|
8.5
|
0.12
|
|
|
|
|
incl.
|
374.5
|
376.5
|
2
|
0.45
|
AR-18-199c2
|
315
|
-68
|
486
|
N/A
|
380.5
|
381
|
0.5
|
0.01
|
|
|
|
|
|
402
|
403
|
1
|
0.05
|
AR-18-201c1
|
315
|
-66
|
444
|
N/A
|
247.5
|
253.5
|
6
|
0.02
|
AR-18-203c1
|
315
|
-66
|
510.5
|
N/A
|
244
|
245
|
1
|
0.02
|
|
|
|
|
|
253.5
|
254
|
0.5
|
0.08
|
|
|
|
|
|
284.5
|
285
|
0.5
|
0.02
|
|
|
|
|
|
287.5
|
289.5
|
2
|
0.01
|
AR-18-204c1
|
315
|
-66
|
524
|
N/A
|
No
Intersections
|
RK-18-120
|
140
|
-70
|
615.5
|
N/A
|
No
Intersections
|
RK-18-121
|
340
|
-70
|
609
|
N/A
|
No
Intersections
|
RK-18-122
|
320
|
-70
|
651.5
|
N/A
|
No
Intersections
|
RK-18-123
|
340
|
-70
|
561.5
|
N/A
|
No
Intersections
|
RK-18-124
|
340
|
-67
|
504.5
|
N/A
|
No
Intersections
|
RK-18-125
|
320
|
-66
|
496
|
N/A
|
No
Intersections
|
RK-18-126
|
327
|
-66
|
532.5
|
N/A
|
No
Intersections
|
RK-18-127
|
345
|
-66
|
423.5
|
N/A
|
No
Intersections
|
RK-18-128
|
320
|
-66
|
407
|
N/A
|
No
Intersections
|
RK-18-129
|
325
|
-66
|
399
|
N/A
|
No
Intersections
|
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 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. Troy Boisjoli, Geoscientist Licensee, Vice
President – Operations & Project Development for NexGen. Mr.
Boisjoli 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.
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SOURCE NexGen Energy Ltd.