VANCOUVER, Aug. 7, 2019 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSX: NXE, NYSE MKT: NXE) is
pleased to report radioactivity results for an additional
thirty-seven holes comprising 16,585.5
m from the Company's Feasibility-stage drilling program at
our 100% owned, Rook I property in the Athabasca Basin Saskatchewan. The Phase I resource component
of the 2019 Feasibility stage program has completed 117 holes
totaling 50,968 m. Utilizing
new directional drilling technology, AziDrill, the Company was able
to reduce the metres required for Phase I conversion by 28% due to
the ability to target mineralization more accurately with deeper
directional cuts from the pilot hole.
Further, an additional 14 holes of 6,314.4 m were completed designed to
geotechnically and hydrogeologically characterize the rock mass
within areas of the proposed mine workings and the Underground
Tailings Management Facility ("UGTMF").
In total, the 2019 Phase I winter drilling program comprised 131
completed holes totaling 57,282.4
m.
Phase I: Conversion of Indicated to Measured Mineral
Resources
This current phase of the 2019 drilling program targeted the A2
and A3 High-Grade Domains for conversion of Indicated to Measured
Mineral Resources within the proposed mine plan at a drill hole
spacing of between 9.0 m and
16.7 m (based on a geostatistical
data spacing report compiled by Clayton V.
Deutsch from Resource Modeling Solutions). All drill holes
were collared at a steep inclination, then shallowed out between
-55° and -60° before intersecting the target by utilizing the
latest in directional drilling technology. The results below
highlight intersections through each of the A2 and A3 High Grade
Domains, respectively.
A2 High-Grade Domain Highlights
- AR-19-265c2 intersected 53.5
m of total composite mineralization including
9.80 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
109.0 m section (497.5 to
605.5 m). Additionally, of the
9.80 m of off-scale mineralization
intersected in the hole 2.0 m of
massive-to-semi massive pitchblende with
minimum-greater-than-61,000 cps;
- AR-19-259c1 intersected 26.5
m of total composite mineralization including
8.40 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
96.0 m section (549.0 to 645.0 m). Additionally, of the 8.40 m of off-scale mineralization intersected in
the hole 1.00 m of massive-to-semi
massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-253c1 intersected 41.0
m of total composite mineralization including
5.20 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within
an 80.0 m section (632.0 to
712.0 m);
- AR-19-262c1 intersected 37.5
m of total composite mineralization including
5.30 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within
an 88.0 m section (529.0 to
617.0 m).
A3 High-Grade Domain Highlights
- AR-19-256c1 intersected 38.5
m of total composite mineralization including
8.10 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within a
96.0 m section (437.0 to 533.0 m). Additionally, of the 8.10 m of off-scale mineralization intersected in
the hole 1.5 m of massive-to-semi
massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-258c2 intersected 42.0
m of total composite mineralization including
10.85 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within
an 88.0 m section (413.5 to
501.5 m);
- AR-19-263c3 intersected 46.5
m of total composite mineralization including
7.20 m of total composite
off-scale radioactivity (>10,000 to >61,000 cps) within
an 85.0 m section (584.0 to
669.0 m).
Drill hole locations are shown in Figure 1, full drilling
results can be found in Table 1. Drill hole descriptions can be
found at www.nexgenenergy.ca
Phase I: Testing Geotechnical and Hydrogeological Conditions
within the proposed mine plan and Underground Tailings Management
Facility ("UGTMF")
An additional 14 holes totaling 6,314.4
m were completed designed to geotechnically and
hydrogeologically characterize the rock mass within areas of the
proposed mine plan and the UGTMF. The preliminary field analysis
indicated robust rock mass conditions in all areas. A report
detailing the geotechnical results is being prepared by North Rock
Mining Solutions Inc. In addition, the hydrogeological data
acquired from these holes is being incorporated into the
hydrogeological model which will characterize the favourable
hydrogeological conditions at Arrow, inclusive of the proposed
UGTMF area. Both reports will be incorporated into to the
Feasibility Study and Environmental Assessment for the Arrow
Deposit.
Development, Activities & Financial
- Phase I results are all pending final assays and will be
released as received and finalized. The commencement of Phase II is
pending final compilation and analysis of all Phase I drilling
results. All programs for the Feasibility Study (H1 2020) and
Environmental Assessment (H2 2020) are ongoing and on
schedule.
- NexGen commenced an Environmental Assessment on the Rook I
Project on April 29, 2019 in
accordance with the requirements of both the Environmental
Assessment Act and the Canadian Environmental Assessment Act, 2012
("CEAA 2012") after receiving acceptance of the Rook I Project
Description (Technical Proposal) by the Canadian Nuclear Safety
Commission ("CNSC") and the Saskatchewan Ministry of Environment
("SMOE"). In addition, NexGen filed an Initial Licence Application
with the CNSC under the Nuclear Safety and Control Act in order to
obtain a Licence to Prepare Site and Construct for the
Project.
- NexGen welcomes the conclusion of the section 232
investigation as reported on July 12,
2019 by Presidential Memoranda by which the President of
the United States determined that
he did not believe uranium imports threaten to impair the national
security of the United States. With the conclusion in hand
and support for the entire nuclear energy sector in the United States, many industry observers
have reported market activity and utility demand interest has
already increased since mid-July for spot and mid-term
delivery.
- As of July 31, 2019, the Company
had cash-on-hand of approximately $80 million which fully
funds NexGen for all drilling, feasibility and development programs
planned this year.
Leigh Curyer, Chief Executive Officer, commented: "The dual
purpose 2019 Phase I drilling has produced another batch of
exceptional radio activity results highlighting Arrow's unique high
grade continuity throughout the ore body, and from a development
perspective, highly favourable ground conditions for the proposed
mine plan and UGTMF. I would like to take the opportunity to
congratulate the NexGen team on the speed, accuracy, efficiency and
elite standards in executing Phase I ground work whilst in tandem
successfully advancing permitting and community objectives. It's an
exciting time at NexGen and the dedication of the team inclusive of
our valued service providers, community members and government is
outstanding."
Troy Boisjoli, Vice-President,
Operations and Project Development, commented: "Today's release
represents a great milestone for the Project as this last batch of
Phase I holes continues to show the clear continuity of high-grade
mineralization across the A2 and A3 shears. These radioactivity
results are particularly impressive considering the advanced
shallow angle of interception into the sub-vertical Arrow orebody
that AziDrill has been able to deliver over prior drill programs at
Arrow. In addition, the preliminary geotechnical and
hydrogeological field results indicating highly competent ground
conditions for sound extraction is excellent. The strength of the
Arrow resource and proposed mine plan has been further validated
with the completion of the 2019 Phase 1 drill program. We look
forward to incorporating all these results into an updated mineral
resource, Feasibility Study and Environmental Assessment for
submission."
Table 1: Arrow Deposit Drill Hole Data
Drill
Hole
|
Athabasca Group
-
Basement Unconformity
Depth (m)
|
Handheld
Scintillometer Results
(RS-120/125)
|
Hole
ID
|
Azimuth
|
Dip
|
Total
Depth (m)
|
From
(m)
|
To
(m)
|
Width
(m)
|
CPS
Range
|
AR-19-251c1
|
327
|
-65
|
577.50
|
141.25
|
480.00
|
481.00
|
1.00
|
<500 -
5000
|
|
|
|
|
|
503.00
|
506.50
|
3.50
|
<500 -
14500
|
|
|
|
|
|
520.00
|
521.00
|
1.00
|
<500 -
61000
|
|
|
|
|
|
523.50
|
524.50
|
1.00
|
<500 -
3000
|
|
|
|
|
|
531.00
|
532.50
|
1.50
|
4000 -
61000
|
|
|
|
|
|
537.00
|
539.00
|
2.00
|
<500 -
1700
|
|
|
|
|
|
543.00
|
545.00
|
2.00
|
<500 -
1800
|
|
|
|
|
|
556.50
|
557.00
|
0.50
|
<500 -
590
|
AR-19-251c2
|
327
|
-65
|
666.50
|
N/A
|
424.50
|
425.00
|
0.50
|
<500 -
1400
|
|
|
|
|
|
463.00
|
465.00
|
2.00
|
<500 -
15000
|
|
|
|
|
|
470.00
|
483.50
|
13.50
|
<500 -
33000
|
|
|
|
|
|
486.00
|
501.00
|
15.00
|
<500 -
61000
|
|
|
|
|
|
512.00
|
514.00
|
2.00
|
<500 -
1200
|
|
|
|
|
|
581.50
|
594.00
|
12.50
|
<500 -
61000
|
|
|
|
|
|
597.50
|
600.00
|
2.50
|
<500 -
750
|
|
|
|
|
|
608.00
|
609.00
|
1.00
|
<500 -
1000
|
|
|
|
|
|
611.50
|
612.50
|
1.00
|
<500 -
3400
|
|
|
|
|
|
623.00
|
627.50
|
4.50
|
<500 -
12100
|
|
|
|
|
|
646.00
|
647.50
|
1.50
|
<500 -
2400
|
AR-19-252c1
|
327
|
-65
|
756.50
|
129.40
|
483.50
|
484.00
|
0.50
|
<500 -
2350
|
|
|
|
|
|
502.50
|
503.00
|
0.50
|
<500 -
15200
|
|
|
|
|
|
507.00
|
508.00
|
1.00
|
<500 -
2350
|
|
|
|
|
|
513.50
|
515.00
|
1.50
|
<500 -
1250
|
|
|
|
|
|
559.00
|
560.00
|
1.00
|
600 -
47600
|
|
|
|
|
|
564.50
|
565.00
|
0.50
|
<500 -
2200
|
|
|
|
|
|
574.00
|
577.50
|
3.50
|
<500 -
49000
|
|
|
|
|
|
580.50
|
587.50
|
7.00
|
<500 -
52800
|
|
|
|
|
|
600.00
|
600.50
|
0.50
|
<500 -
6800
|
|
|
|
|
|
610.50
|
620.50
|
10.00
|
<500 -
61000
|
|
|
|
|
|
633.00
|
635.00
|
2.00
|
<500 -
4400
|
|
|
|
|
|
642.00
|
648.50
|
6.50
|
<500 -
2400
|
|
|
|
|
|
652.50
|
653.00
|
0.50
|
520 -
860
|
|
|
|
|
|
661.50
|
662.00
|
0.50
|
<500 -
3400
|
|
|
|
|
|
664.50
|
665.00
|
0.50
|
<500 -
950
|
|
|
|
|
|
667.50
|
679.00
|
11.50
|
<500 -
61000
|
|
|
|
|
|
685.50
|
695.50
|
10.00
|
<500 -
10500
|
|
|
|
|
|
699.00
|
699.50
|
0.50
|
<500 -
1500
|
|
|
|
|
|
703.50
|
705.50
|
2.00
|
<500 -
3700
|
|
|
|
|
|
721.50
|
724.50
|
3.00
|
<500 -
14000
|
AR-19-252c2
|
327
|
-65
|
801.50
|
N/A
|
487.50
|
489.00
|
1.50
|
<500 -
1500
|
|
|
|
|
|
509.50
|
511.50
|
2.00
|
<500 -
8400
|
|
|
|
|
|
543.00
|
543.50
|
0.50
|
<500 -
510
|
|
|
|
|
|
546.00
|
547.00
|
1.00
|
<500 -
4140
|
|
|
|
|
|
559.00
|
559.50
|
0.50
|
<500 -
1400
|
|
|
|
|
|
576.50
|
584.00
|
7.50
|
<500 -
20500
|
|
|
|
|
|
589.50
|
592.50
|
3.00
|
<500 -
45000
|
|
|
|
|
|
595.50
|
604.00
|
8.50
|
<500 -
61000
|
|
|
|
|
|
606.50
|
611.00
|
4.50
|
<500 -
19000
|
|
|
|
|
|
620.00
|
628.00
|
8.00
|
<500 -
44000
|
|
|
|
|
|
634.00
|
634.50
|
0.50
|
<500 -
540
|
|
|
|
|
|
637.50
|
650.50
|
13.00
|
<500 -
3400
|
|
|
|
|
|
656.00
|
657.00
|
1.00
|
<500 -
2100
|
|
|
|
|
|
661.00
|
669.00
|
8.00
|
<500 -
2000
|
|
|
|
|
|
676.00
|
703.00
|
27.00
|
<500 -
61000
|
|
|
|
|
|
723.50
|
729.50
|
6.00
|
<500 -
27000
|
|
|
|
|
|
738.00
|
738.50
|
0.50
|
<500 -
580
|
|
|
|
|
|
745.00
|
746.00
|
1.00
|
<500 -
7200
|
|
|
|
|
|
755.50
|
757.00
|
1.50
|
<500 -
12600
|
|
|
|
|
|
777.50
|
779.50
|
2.00
|
<500 -
13000
|
AR-19-252c3
|
327
|
-65
|
804.50
|
N/A
|
496.50
|
497.00
|
0.50
|
<500 -
850
|
|
|
|
|
|
515.50
|
521.50
|
6.00
|
<500 -
6800
|
|
|
|
|
|
528.00
|
530.00
|
2.00
|
<500 -
9000
|
|
|
|
|
|
551.00
|
555.00
|
4.00
|
<500 -
12700
|
|
|
|
|
|
567.50
|
568.00
|
0.50
|
<500 -
760
|
|
|
|
|
|
580.50
|
581.50
|
1.00
|
<500 -
750
|
|
|
|
|
|
590.50
|
593.50
|
3.00
|
<500 -
45000
|
|
|
|
|
|
606.00
|
607.00
|
1.00
|
<500 -
61000
|
|
|
|
|
|
612.50
|
621.00
|
8.50
|
<500 -
61000
|
|
|
|
|
|
623.50
|
646.00
|
22.50
|
<500 -
61000
|
|
|
|
|
|
649.50
|
657.00
|
7.50
|
<500 -
3800
|
|
|
|
|
|
663.50
|
671.00
|
7.50
|
<500 -
3050
|
|
|
|
|
|
674.00
|
681.00
|
7.00
|
<500 -
1500
|
|
|
|
|
|
684.00
|
700.00
|
16.00
|
<500 -
61000
|
|
|
|
|
|
702.50
|
704.00
|
1.50
|
<500 -
660
|
|
|
|
|
|
706.50
|
711.50
|
5.00
|
<500 -
18100
|
|
|
|
|
|
718.50
|
729.50
|
11.00
|
<500 -
61000
|
|
|
|
|
|
738.00
|
739.00
|
1.00
|
1200 -
47900
|
|
|
|
|
|
750.00
|
755.00
|
5.00
|
<500 -
11600
|
|
|
|
|
|
774.00
|
776.00
|
2.00
|
<500 -
9600
|
|
|
|
|
|
783.50
|
784.50
|
1.00
|
<500 -
61000
|
AR-19-253c1
|
327
|
-65
|
712.00
|
125.45
|
442.50
|
443.50
|
1.00
|
<500 -
2650
|
|
|
|
|
|
528.00
|
528.50
|
0.50
|
<500 -
1100
|
|
|
|
|
|
537.00
|
540.50
|
3.50
|
<500 -
1800
|
|
|
|
|
|
558.50
|
560.00
|
1.50
|
<500 -
15500
|
|
|
|
|
|
568.00
|
573.00
|
5.00
|
<500 -
650
|
|
|
|
|
|
580.00
|
584.00
|
4.00
|
<500 -
4000
|
|
|
|
|
|
587.50
|
589.50
|
2.00
|
<500 -
2200
|
|
|
|
|
|
594.50
|
595.00
|
0.50
|
<500 -
910
|
|
|
|
|
|
623.50
|
624.00
|
0.50
|
<500 -
730
|
|
|
|
|
|
639.50
|
672.00
|
32.50
|
<500 -
61000
|
|
|
|
|
|
681.00
|
683.00
|
2.00
|
<500 -
15000
|
|
|
|
|
|
690.00
|
696.00
|
6.00
|
<500 -
52800
|
AR-19-253c2
|
327
|
-65
|
744.50
|
N/A
|
442.00
|
442.50
|
0.50
|
<500 -
720
|
|
|
|
|
|
506.00
|
507.50
|
1.50
|
<500 -
12000
|
|
|
|
|
|
538.50
|
541.50
|
3.00
|
<500 -
1900
|
|
|
|
|
|
547.00
|
548.00
|
1.00
|
<500 -
840
|
|
|
|
|
|
552.50
|
558.50
|
6.00
|
<500 -
2500
|
|
|
|
|
|
568.50
|
569.00
|
0.50
|
660 -
3150
|
|
|
|
|
|
583.50
|
585.00
|
1.50
|
<500 -
1050
|
|
|
|
|
|
591.50
|
592.00
|
0.50
|
<500 -
1580
|
|
|
|
|
|
606.00
|
609.00
|
3.00
|
<500 -
820
|
|
|
|
|
|
635.50
|
640.50
|
5.00
|
<500 -
2500
|
|
|
|
|
|
651.00
|
685.00
|
34.00
|
<500 -
61000
|
|
|
|
|
|
687.50
|
688.50
|
1.00
|
<500 -
6640
|
|
|
|
|
|
692.50
|
701.00
|
8.50
|
<500 -
13200
|
|
|
|
|
|
706.50
|
709.50
|
3.00
|
<500 -
3350
|
|
|
|
|
|
742.00
|
742.50
|
0.50
|
<500 -
1000
|
AR-19-254c1
|
327
|
-65
|
684.50
|
133.10
|
479.00
|
480.00
|
1.00
|
<500 -
5600
|
|
|
|
|
|
522.00
|
522.50
|
0.50
|
<500 -
550
|
|
|
|
|
|
527.50
|
528.00
|
0.50
|
<500 -
790
|
|
|
|
|
|
533.50
|
534.00
|
0.50
|
<500 -
620
|
|
|
|
|
|
616.50
|
625.00
|
8.50
|
<500 -
6500
|
|
|
|
|
|
631.50
|
641.00
|
9.50
|
<500 -
10200
|
|
|
|
|
|
649.00
|
651.50
|
2.50
|
<500 -
15000
|
|
|
|
|
|
657.00
|
663.00
|
6.00
|
<500 -
12000
|
AR-19-254c2
|
327
|
-65
|
699.50
|
N/A
|
468.50
|
469.00
|
0.50
|
<500 -
550
|
|
|
|
|
|
471.50
|
472.00
|
0.50
|
<500 -
900
|
|
|
|
|
|
483.50
|
484.00
|
0.50
|
700 -
13100
|
|
|
|
|
|
514.50
|
515.00
|
0.50
|
<500 -
1100
|
|
|
|
|
|
528.00
|
529.50
|
1.50
|
<500 -
25000
|
|
|
|
|
|
533.00
|
534.50
|
1.50
|
<500 -
25000
|
|
|
|
|
|
538.50
|
539.50
|
1.00
|
<500 -
29100
|
|
|
|
|
|
542.50
|
550.50
|
8.00
|
<500 -
2800
|
|
|
|
|
|
609.50
|
610.00
|
0.50
|
<500 -
580
|
|
|
|
|
|
622.00
|
623.50
|
1.50
|
<500 -
3300
|
|
|
|
|
|
628.00
|
658.00
|
30.00
|
<500 -
24000
|
|
|
|
|
|
665.50
|
670.00
|
4.50
|
<500 -
61000
|
AR-19-255c1
|
327
|
-65
|
609.50
|
122.40
|
505.00
|
506.00
|
1.00
|
<500 -
1580
|
|
|
|
|
|
510.50
|
513.00
|
2.50
|
<500 -
1700
|
|
|
|
|
|
520.00
|
523.50
|
3.50
|
<500 -
1400
|
|
|
|
|
|
545.50
|
565.00
|
19.50
|
<500 -
61000
|
|
|
|
|
|
568.50
|
569.00
|
0.50
|
670 -
2000
|
|
|
|
|
|
588.00
|
589.00
|
1.00
|
<500 -
5600
|
AR-19-255c2
|
327
|
-65
|
609.50
|
N/A
|
523.00
|
523.50
|
0.50
|
<500 -
7500
|
|
|
|
|
|
526.00
|
532.50
|
6.50
|
<500 -
4400
|
|
|
|
|
|
551.00
|
561.50
|
10.50
|
<500 -
61000
|
|
|
|
|
|
565.00
|
568.00
|
3.00
|
<500 -
910
|
|
|
|
|
|
579.00
|
579.50
|
0.50
|
<500 -
750
|
|
|
|
|
|
582.00
|
587.50
|
5.50
|
<500 -
4000
|
AR-19-255c3
|
327
|
-65
|
626.00
|
N/A
|
436.50
|
437.00
|
0.50
|
<500 -
2600
|
|
|
|
|
|
454.00
|
454.50
|
0.50
|
850 -
1300
|
|
|
|
|
|
504.00
|
507.50
|
3.50
|
<500 -
700
|
|
|
|
|
|
510.50
|
511.50
|
1.00
|
<500 -
2600
|
|
|
|
|
|
514.00
|
520.50
|
6.50
|
<500 -
2600
|
|
|
|
|
|
528.00
|
530.00
|
2.00
|
<500 -
5700
|
|
|
|
|
|
533.50
|
535.50
|
2.00
|
<500 -
3960
|
|
|
|
|
|
538.50
|
539.50
|
1.00
|
<500 -
4300
|
|
|
|
|
|
549.00
|
550.00
|
1.00
|
<500 -
2400
|
|
|
|
|
|
567.50
|
584.50
|
17.00
|
<500 -
61000
|
|
|
|
|
|
587.50
|
589.50
|
2.00
|
<500 -
2100
|
|
|
|
|
|
603.00
|
603.50
|
0.50
|
570 -
1240
|
|
|
|
|
|
606.00
|
606.50
|
0.50
|
<500 -
500
|
AR-19-256c1
|
327
|
-65
|
537.00
|
141.00
|
453.50
|
456.50
|
3.00
|
<500 -
23000
|
|
|
|
|
|
467.00
|
467.50
|
0.50
|
800 -
27000
|
|
|
|
|
|
471.50
|
472.50
|
1.00
|
<500 -
15200
|
|
|
|
|
|
478.00
|
512.00
|
34.00
|
<500 -
61000
|
AR-19-256c2
|
327
|
-65
|
552.50
|
N/A
|
457.50
|
458.50
|
1.00
|
<500 -
5850
|
|
|
|
|
|
463.00
|
467.50
|
4.50
|
<500 -
6300
|
|
|
|
|
|
470.00
|
470.50
|
0.50
|
<500 -
1500
|
|
|
|
|
|
474.00
|
476.00
|
2.00
|
<500 -
4000
|
|
|
|
|
|
480.00
|
481.00
|
1.00
|
750 -
13000
|
|
|
|
|
|
484.50
|
485.00
|
0.50
|
<500 -
720
|
|
|
|
|
|
488.00
|
489.00
|
1.00
|
<500 -
1400
|
|
|
|
|
|
492.00
|
516.50
|
24.50
|
<500 -
61000
|
AR-19-256c3
|
327
|
-65
|
705.20
|
N/A
|
461.50
|
462.00
|
0.50
|
<500 -
1600
|
|
|
|
|
|
469.00
|
471.50
|
2.50
|
<500 -
990
|
|
|
|
|
|
479.00
|
481.00
|
2.00
|
<500 -
7400
|
|
|
|
|
|
483.50
|
484.00
|
0.50
|
<500 -
550
|
|
|
|
|
|
487.00
|
487.50
|
0.50
|
<500 -
21000
|
|
|
|
|
|
491.00
|
491.50
|
0.50
|
3400 -
61000
|
|
|
|
|
|
501.00
|
505.50
|
4.50
|
<500 -
61000
|
|
|
|
|
|
512.00
|
513.50
|
1.50
|
<500 -
6000
|
|
|
|
|
|
516.50
|
527.00
|
10.50
|
<500 -
26900
|
|
|
|
|
|
543.50
|
544.00
|
0.50
|
<500 -
530
|
|
|
|
|
|
547.50
|
550.50
|
3.00
|
<500 -
640
|
|
|
|
|
|
655.50
|
660.50
|
5.00
|
<500 -
2500
|
|
|
|
|
|
674.50
|
678.00
|
3.50
|
<500 -
1980
|
|
|
|
|
|
698.00
|
698.50
|
0.50
|
<500 -
800
|
AR-19-257c1
|
327
|
-65
|
651.50
|
120.50
|
480.00
|
481.50
|
1.50
|
<500 -
7850
|
|
|
|
|
|
524.00
|
524.50
|
0.50
|
<500 -
1060
|
|
|
|
|
|
536.00
|
538.00
|
2.00
|
<500 -
1750
|
|
|
|
|
|
553.00
|
554.00
|
1.00
|
<500 -
790
|
|
|
|
|
|
561.50
|
563.00
|
1.50
|
<500 -
8800
|
|
|
|
|
|
570.00
|
571.00
|
1.00
|
<500 -
12500
|
|
|
|
|
|
586.00
|
594.50
|
8.50
|
<500 -
30000
|
|
|
|
|
|
601.50
|
602.50
|
1.00
|
<500 -
22000
|
|
|
|
|
|
614.50
|
617.00
|
2.50
|
<500 -
1800
|
|
|
|
|
|
622.50
|
631.50
|
9.00
|
<500 -
7200
|
AR-19-257c2
|
327
|
-65
|
666.50
|
N/A
|
526.00
|
527.50
|
1.50
|
<500 -
4100
|
|
|
|
|
|
549.00
|
550.00
|
1.00
|
<500 -
5800
|
|
|
|
|
|
560.00
|
564.50
|
4.50
|
<500 -
1700
|
|
|
|
|
|
582.00
|
582.50
|
0.50
|
<500 -
880
|
|
|
|
|
|
598.00
|
600.00
|
2.00
|
<500 -
15000
|
|
|
|
|
|
611.00
|
612.50
|
1.50
|
<500 -
61000
|
|
|
|
|
|
637.00
|
641.50
|
4.50
|
<500 -
3550
|
AR-19-257c3
|
327
|
-65
|
654.50
|
N/A
|
482.50
|
483.00
|
0.50
|
<500 -
1100
|
|
|
|
|
|
487.00
|
487.50
|
0.50
|
<500 -
1300
|
|
|
|
|
|
491.00
|
491.50
|
0.50
|
<500 -
1000
|
|
|
|
|
|
517.50
|
518.50
|
1.00
|
<500 -
6900
|
|
|
|
|
|
526.00
|
527.00
|
1.00
|
<500 -
8900
|
|
|
|
|
|
539.50
|
542.50
|
3.00
|
<500 -
2300
|
|
|
|
|
|
546.50
|
547.50
|
1.00
|
<500 -
1250
|
|
|
|
|
|
555.50
|
557.00
|
1.50
|
<500 -
26000
|
|
|
|
|
|
568.50
|
571.00
|
2.50
|
<500 -
1000
|
|
|
|
|
|
584.00
|
585.00
|
1.00
|
<500 -
600
|
|
|
|
|
|
587.50
|
597.00
|
9.50
|
<500 -
61000
|
|
|
|
|
|
600.00
|
600.50
|
0.50
|
<500 -
2500
|
|
|
|
|
|
606.00
|
612.00
|
6.00
|
<500 -
61000
|
|
|
|
|
|
614.50
|
621.00
|
6.50
|
<500 -
36500
|
|
|
|
|
|
624.50
|
630.50
|
6.00
|
<500 -
1200
|
AR-19-257c4
|
327
|
-65
|
666.50
|
N/A
|
485.00
|
485.50
|
0.50
|
<500 -
970
|
|
|
|
|
|
490.00
|
491.50
|
1.50
|
<500 -
1300
|
|
|
|
|
|
517.00
|
528.00
|
11.00
|
<500 -
4900
|
|
|
|
|
|
559.50
|
560.50
|
1.00
|
<500 -
3500
|
|
|
|
|
|
564.50
|
565.00
|
0.50
|
<500 -
1900
|
|
|
|
|
|
570.00
|
571.00
|
1.00
|
<500 -
1800
|
|
|
|
|
|
573.50
|
574.00
|
0.50
|
<500 -
2100
|
|
|
|
|
|
598.00
|
598.50
|
0.50
|
3700 -
30400
|
|
|
|
|
|
606.00
|
606.50
|
0.50
|
<500 -
1000
|
|
|
|
|
|
610.00
|
610.50
|
0.50
|
<500 -
1900
|
|
|
|
|
|
621.00
|
630.50
|
9.50
|
<500 -
14000
|
|
|
|
|
|
637.00
|
644.00
|
7.00
|
<500 -
2900
|
AR-19-258c1
|
327
|
-65
|
495.50
|
138.05
|
418.00
|
419.00
|
1.00
|
<500 -
11200
|
|
|
|
|
|
436.00
|
447.50
|
11.50
|
<500 -
48300
|
|
|
|
|
|
452.50
|
462.00
|
9.50
|
<500 -
61000
|
|
|
|
|
|
466.50
|
470.50
|
4.00
|
<500 -
1900
|
|
|
|
|
|
476.50
|
481.50
|
5.00
|
<500 -
3100
|
|
|
|
|
|
484.00
|
487.50
|
3.50
|
<500 -
2200
|
|
|
|
|
|
493.50
|
495.50
|
2.00
|
<500 -
1200
|
AR-19-258c2
|
327
|
-65
|
501.50
|
N/A
|
413.50
|
414.00
|
0.50
|
550 -
6700
|
|
|
|
|
|
419.00
|
419.50
|
0.50
|
<500 -
870
|
|
|
|
|
|
427.00
|
428.00
|
1.00
|
1350 -
38700
|
|
|
|
|
|
446.50
|
480.50
|
34.00
|
<500 -
61000
|
|
|
|
|
|
485.00
|
489.50
|
4.50
|
<500 -
1500
|
|
|
|
|
|
494.50
|
496.00
|
1.50
|
<500 -
560
|
|
|
|
|
|
501.00
|
501.00
|
0.00
|
<500 -
710
|
AR-19-259c1
|
327
|
-65
|
651.50
|
127.95
|
456.00
|
457.00
|
1.00
|
<500 -
970
|
|
|
|
|
|
460.50
|
461.00
|
0.50
|
<500 -
1050
|
|
|
|
|
|
483.00
|
490.00
|
7.00
|
<500 -
4900
|
|
|
|
|
|
508.50
|
509.00
|
0.50
|
<500 -
820
|
|
|
|
|
|
583.50
|
596.00
|
12.50
|
<500 -
61000
|
|
|
|
|
|
598.50
|
607.00
|
8.50
|
<500 -
61000
|
|
|
|
|
|
613.00
|
613.50
|
0.50
|
<500 -
580
|
|
|
|
|
|
616.50
|
621.50
|
5.00
|
<500 -
25700
|
AR-19-259c2
|
327
|
-65
|
666.50
|
N/A
|
462.50
|
463.00
|
0.50
|
<500 -
880
|
|
|
|
|
|
493.00
|
494.00
|
1.00
|
<500 -
32600
|
|
|
|
|
|
502.50
|
503.50
|
1.00
|
<500 -
900
|
|
|
|
|
|
508.00
|
508.50
|
0.50
|
<500 -
3600
|
|
|
|
|
|
524.00
|
525.00
|
1.00
|
<500 -
900
|
|
|
|
|
|
565.00
|
566.00
|
1.00
|
<500 -
600
|
|
|
|
|
|
596.50
|
604.00
|
7.50
|
<500 -
61000
|
|
|
|
|
|
607.50
|
609.00
|
1.50
|
<500 -
11200
|
|
|
|
|
|
614.50
|
619.50
|
5.00
|
<500 -
3500
|
|
|
|
|
|
628.00
|
628.50
|
0.50
|
<500 -
630
|
|
|
|
|
|
631.00
|
634.50
|
3.50
|
<500 -
12400
|
|
|
|
|
|
637.50
|
638.50
|
1.00
|
<500 -
1300
|
AR-19-260c1
|
327
|
-65
|
600.50
|
126.00
|
436.50
|
437.00
|
0.50
|
<500 -
1900
|
|
|
|
|
|
454.00
|
454.50
|
0.50
|
<500 -
610
|
|
|
|
|
|
470.00
|
470.50
|
0.50
|
<500 -
530
|
|
|
|
|
|
476.50
|
477.50
|
1.00
|
<500 -
6000
|
|
|
|
|
|
481.00
|
481.50
|
0.50
|
<500 -
820
|
|
|
|
|
|
493.50
|
495.50
|
2.00
|
<500 -
1300
|
|
|
|
|
|
500.00
|
503.00
|
3.00
|
<500 -
2300
|
|
|
|
|
|
507.50
|
508.00
|
0.50
|
<500 -
620
|
|
|
|
|
|
527.50
|
548.50
|
21.00
|
<500 -
43000
|
AR-19-260c2
|
327
|
-65
|
597.50
|
N/A
|
475.00
|
476.00
|
1.00
|
<500 -
1100
|
|
|
|
|
|
483.00
|
484.00
|
1.00
|
<500 -
2100
|
|
|
|
|
|
490.50
|
491.50
|
1.00
|
<500 -
530
|
|
|
|
|
|
494.00
|
494.50
|
0.50
|
<500 -
540
|
|
|
|
|
|
498.00
|
498.50
|
0.50
|
<500 -
780
|
|
|
|
|
|
502.00
|
504.50
|
2.50
|
<500 -
1700
|
|
|
|
|
|
515.50
|
516.00
|
0.50
|
<500 -
510
|
|
|
|
|
|
521.00
|
544.00
|
23.00
|
<500 -
61000
|
AR-19-261c1
|
327
|
-65
|
765.50
|
120.80
|
195.50
|
196.00
|
0.50
|
<500 -
670
|
|
|
|
|
|
541.50
|
542.50
|
1.00
|
<500 -
9500
|
|
|
|
|
|
553.50
|
559.00
|
5.50
|
<500 -
14500
|
|
|
|
|
|
563.00
|
564.00
|
1.00
|
<500 -
11000
|
|
|
|
|
|
567.00
|
568.00
|
1.00
|
<500 -
1000
|
|
|
|
|
|
575.00
|
575.50
|
0.50
|
2000 -
50000
|
|
|
|
|
|
578.50
|
579.50
|
1.00
|
<500 -
61000
|
|
|
|
|
|
594.50
|
595.00
|
0.50
|
<500 -
700
|
|
|
|
|
|
608.00
|
616.00
|
8.00
|
<500 -
4100
|
|
|
|
|
|
621.50
|
623.50
|
2.00
|
<500 -
1900
|
|
|
|
|
|
627.50
|
628.50
|
1.00
|
<500 -
1600
|
|
|
|
|
|
631.50
|
634.50
|
3.00
|
<500 -
1800
|
|
|
|
|
|
658.00
|
662.50
|
4.50
|
<500 -
2400
|
|
|
|
|
|
671.50
|
689.00
|
17.50
|
<500 -
61000
|
|
|
|
|
|
695.00
|
716.00
|
21.00
|
<500 -
4700
|
|
|
|
|
|
721.00
|
722.50
|
1.50
|
<500 -
1100
|
AR-19-261c2
|
327
|
-65
|
774.50
|
N/A
|
497.50
|
499.00
|
1.50
|
<500 -
1300
|
|
|
|
|
|
520.50
|
521.00
|
0.50
|
<500 -
2400
|
|
|
|
|
|
553.00
|
554.50
|
1.50
|
<500 -
4100
|
|
|
|
|
|
566.00
|
568.50
|
2.50
|
<500 -
5900
|
|
|
|
|
|
571.00
|
576.50
|
5.50
|
<500 -
41000
|
|
|
|
|
|
589.50
|
592.50
|
3.00
|
<500 -
45100
|
|
|
|
|
|
612.50
|
615.00
|
2.50
|
<500 -
1100
|
|
|
|
|
|
626.50
|
628.00
|
1.50
|
<500 -
1800
|
|
|
|
|
|
635.50
|
638.00
|
2.50
|
<500 -
1600
|
|
|
|
|
|
652.50
|
653.00
|
0.50
|
<500 -
520
|
|
|
|
|
|
666.50
|
667.50
|
1.00
|
<500 -
850
|
|
|
|
|
|
671.50
|
687.50
|
16.00
|
<500 -
61000
|
|
|
|
|
|
695.00
|
695.50
|
0.50
|
<500 -
2080
|
|
|
|
|
|
698.00
|
699.00
|
1.00
|
<500 -
750
|
AR-19-262c1
|
327
|
-65
|
636.50
|
125.00
|
484.50
|
485.00
|
0.50
|
<500 -
660
|
|
|
|
|
|
492.00
|
492.50
|
0.50
|
<500 -
800
|
|
|
|
|
|
503.00
|
506.50
|
3.50
|
<500 -
2700
|
|
|
|
|
|
516.00
|
521.50
|
5.50
|
<500 -
1800
|
|
|
|
|
|
560.50
|
573.50
|
13.00
|
<500 -
61000
|
|
|
|
|
|
576.50
|
577.00
|
0.50
|
<500 -
610
|
|
|
|
|
|
585.00
|
593.50
|
8.50
|
<500 -
3800
|
|
|
|
|
|
596.00
|
599.50
|
3.50
|
<500 -
2150
|
|
|
|
|
|
602.00
|
604.50
|
2.50
|
<500 -
990
|
|
|
|
|
|
607.50
|
617.00
|
9.50
|
<500 -
61000
|
AR-19-262c2
|
327
|
-65
|
648.50
|
N/A
|
494.50
|
497.00
|
2.50
|
<500 -
4200
|
|
|
|
|
|
506.00
|
509.50
|
3.50
|
<500 -
1750
|
|
|
|
|
|
517.00
|
518.00
|
1.00
|
<500 -
850
|
|
|
|
|
|
520.50
|
521.00
|
0.50
|
<500 -
650
|
|
|
|
|
|
526.00
|
527.00
|
1.00
|
<500 -
920
|
|
|
|
|
|
537.00
|
537.50
|
0.50
|
<500 -
650
|
|
|
|
|
|
558.50
|
559.00
|
0.50
|
<500 -
1100
|
|
|
|
|
|
568.50
|
576.50
|
8.00
|
<500 -
61000
|
|
|
|
|
|
580.50
|
583.00
|
2.50
|
<500 -
6600
|
|
|
|
|
|
592.00
|
594.00
|
2.00
|
<500 -
1500
|
|
|
|
|
|
600.50
|
620.00
|
19.50
|
<500 -
12500
|
|
|
|
|
|
626.50
|
628.00
|
1.50
|
<500 -
900
|
AR-19-262c3
|
327
|
-65
|
654.50
|
N/A
|
492.50
|
493.50
|
1.00
|
<500 -
2200
|
|
|
|
|
|
496.00
|
497.00
|
1.00
|
<500 -
1450
|
|
|
|
|
|
502.00
|
502.50
|
0.50
|
<500 -
560
|
|
|
|
|
|
505.50
|
507.50
|
2.00
|
<500 -
1200
|
|
|
|
|
|
532.50
|
533.50
|
1.00
|
<500 -
3300
|
|
|
|
|
|
555.50
|
556.50
|
1.00
|
<500 -
1100
|
|
|
|
|
|
577.50
|
597.00
|
19.50
|
<500 -
61000
|
|
|
|
|
|
601.00
|
601.50
|
0.50
|
<500 -
1050
|
|
|
|
|
|
605.50
|
608.00
|
2.50
|
<500 -
820
|
|
|
|
|
|
614.50
|
615.00
|
0.50
|
<500 -
540
|
|
|
|
|
|
617.50
|
627.00
|
9.50
|
<500 -
17200
|
|
|
|
|
|
634.50
|
637.00
|
2.50
|
<500 -
2400
|
|
|
|
|
|
640.00
|
642.50
|
2.50
|
<500 -
730
|
AR-19-263c1
|
325
|
-65
|
662.00
|
136.30
|
539.00
|
546.00
|
7.00
|
<500 -
19000
|
|
|
|
|
|
557.50
|
558.00
|
0.50
|
<500 -
1700
|
|
|
|
|
|
566.50
|
568.50
|
2.00
|
<500 -
8500
|
|
|
|
|
|
575.50
|
590.00
|
14.50
|
<500 -
27000
|
|
|
|
|
|
594.50
|
595.50
|
1.00
|
<500 -
15000
|
|
|
|
|
|
598.50
|
602.00
|
3.50
|
<500 -
25000
|
|
|
|
|
|
605.00
|
611.50
|
6.50
|
<500 -
61000
|
|
|
|
|
|
614.50
|
638.50
|
24.00
|
<500 -
61000
|
|
|
|
|
|
641.00
|
644.00
|
3.00
|
<500 -
1200
|
AR-19-263c2
|
325
|
-65
|
666.50
|
N/A
|
540.00
|
545.00
|
5.00
|
<500 -
32000
|
|
|
|
|
|
560.00
|
582.50
|
22.50
|
<500 -
61000
|
|
|
|
|
|
590.50
|
592.50
|
2.00
|
<500 -
9800
|
|
|
|
|
|
605.00
|
611.00
|
6.00
|
<500 -
2800
|
|
|
|
|
|
619.00
|
627.50
|
8.50
|
<500 -
61000
|
|
|
|
|
|
634.00
|
636.50
|
2.50
|
<500 -
1100
|
|
|
|
|
|
640.50
|
641.00
|
0.50
|
<500 -
530
|
|
|
|
|
|
644.50
|
645.50
|
1.00
|
<500 -
1000
|
AR-19-263c3
|
325
|
-65
|
669.50
|
N/A
|
535.00
|
536.00
|
1.00
|
<500 -
700
|
|
|
|
|
|
547.00
|
550.50
|
3.50
|
<500 -
47000
|
|
|
|
|
|
567.50
|
568.50
|
1.00
|
<500 -
2450
|
|
|
|
|
|
573.00
|
573.50
|
0.50
|
<500 -
1120
|
|
|
|
|
|
581.50
|
584.00
|
2.50
|
<500 -
2600
|
|
|
|
|
|
589.00
|
594.50
|
5.50
|
<500 -
8800
|
|
|
|
|
|
597.00
|
598.50
|
1.50
|
<500 -
6300
|
|
|
|
|
|
601.50
|
604.50
|
3.00
|
<500 -
12000
|
|
|
|
|
|
614.00
|
619.50
|
5.50
|
<500 -
61000
|
|
|
|
|
|
622.00
|
626.00
|
4.00
|
<500 -
61000
|
|
|
|
|
|
631.00
|
654.00
|
23.00
|
<500 -
61000
|
|
|
|
|
|
656.50
|
660.50
|
4.00
|
<500 -
2150
|
AR-19-264c1
|
327
|
-65
|
759.50
|
124.85
|
503.00
|
503.50
|
0.50
|
<500 -
540
|
|
|
|
|
|
532.00
|
534.00
|
2.00
|
<500 -
5000
|
|
|
|
|
|
541.00
|
541.50
|
0.50
|
500 -
6300
|
|
|
|
|
|
564.50
|
565.00
|
0.50
|
<500 -
720
|
|
|
|
|
|
572.00
|
572.50
|
0.50
|
<500 -
1900
|
|
|
|
|
|
580.50
|
581.50
|
1.00
|
<500 -
2600
|
|
|
|
|
|
591.50
|
596.00
|
4.50
|
<500 -
8200
|
|
|
|
|
|
598.50
|
599.00
|
0.50
|
<500 -
510
|
|
|
|
|
|
606.00
|
606.50
|
0.50
|
<500 -
580
|
|
|
|
|
|
610.00
|
610.50
|
0.50
|
<500 -
500
|
|
|
|
|
|
621.00
|
622.00
|
1.00
|
<500 -
2200
|
|
|
|
|
|
641.50
|
645.50
|
4.00
|
<500 -
2100
|
|
|
|
|
|
657.00
|
658.00
|
1.00
|
<500 -
610
|
|
|
|
|
|
663.50
|
664.50
|
1.00
|
<500 -
5600
|
|
|
|
|
|
669.00
|
681.00
|
12.00
|
<500 -
61000
|
|
|
|
|
|
686.50
|
690.50
|
4.00
|
<500 -
11000
|
|
|
|
|
|
694.00
|
707.00
|
13.00
|
<500 -
6600
|
|
|
|
|
|
711.00
|
730.50
|
19.50
|
<500 -
61000
|
|
|
|
|
|
757.00
|
757.50
|
0.50
|
<500 -
3500
|
AR-19-264c2
|
327
|
-65
|
789.50
|
N/A
|
535.50
|
536.00
|
0.50
|
2500 -
39000
|
|
|
|
|
|
580.00
|
581.00
|
1.00
|
<500 -
680
|
|
|
|
|
|
585.50
|
587.50
|
2.00
|
<500 -
2800
|
|
|
|
|
|
593.00
|
595.50
|
2.50
|
<500 -
2100
|
|
|
|
|
|
600.50
|
604.50
|
4.00
|
<500 -
61000
|
|
|
|
|
|
615.50
|
616.00
|
0.50
|
<500 -
790
|
|
|
|
|
|
623.00
|
630.50
|
7.50
|
<500 -
1780
|
|
|
|
|
|
638.00
|
638.50
|
0.50
|
<500 -
620
|
|
|
|
|
|
646.00
|
647.50
|
1.50
|
<500 -
1100
|
|
|
|
|
|
652.00
|
652.50
|
0.50
|
<500 -
2000
|
|
|
|
|
|
667.50
|
668.50
|
1.00
|
<500 -
1100
|
|
|
|
|
|
677.00
|
696.00
|
19.00
|
<500 -
61000
|
|
|
|
|
|
701.00
|
714.00
|
13.00
|
<500 -
61000
|
|
|
|
|
|
717.00
|
728.50
|
11.50
|
<500 -
61000
|
|
|
|
|
|
731.00
|
735.00
|
4.00
|
<500 -
6000
|
|
|
|
|
|
742.00
|
746.50
|
4.50
|
<500 -
4500
|
|
|
|
|
|
749.00
|
749.50
|
0.50
|
<500 -
2100
|
|
|
|
|
|
753.50
|
755.00
|
1.50
|
<500 -
1270
|
|
|
|
|
|
775.00
|
776.50
|
1.50
|
<500 -
5400
|
AR-19-265c1
|
327
|
-65
|
615.50
|
125.20
|
456.00
|
458.00
|
2.00
|
<500 -
1500
|
|
|
|
|
|
479.00
|
480.50
|
1.50
|
<500 -
1700
|
|
|
|
|
|
484.50
|
486.00
|
1.50
|
<500 -
3300
|
|
|
|
|
|
490.00
|
492.50
|
2.50
|
<500 -
850
|
|
|
|
|
|
500.00
|
503.00
|
3.00
|
<500 -
2700
|
|
|
|
|
|
510.00
|
511.50
|
1.50
|
<500 -
1020
|
|
|
|
|
|
515.00
|
516.50
|
1.50
|
<500 -
1100
|
|
|
|
|
|
529.50
|
556.50
|
27.00
|
<500 -
61000
|
|
|
|
|
|
560.50
|
569.00
|
8.50
|
<500 -
8700
|
|
|
|
|
|
571.50
|
579.50
|
8.00
|
<500 -
4150
|
|
|
|
|
|
591.50
|
592.50
|
1.00
|
560 -
7100
|
AR-19-265c2
|
327
|
-65
|
627.50
|
N/A
|
445.00
|
445.50
|
0.50
|
<500 -
1050
|
|
|
|
|
|
475.50
|
484.00
|
8.50
|
<500 -
2630
|
|
|
|
|
|
497.50
|
498.50
|
1.00
|
<500 -
750
|
|
|
|
|
|
501.00
|
501.50
|
0.50
|
<500 -
550
|
|
|
|
|
|
508.50
|
509.00
|
0.50
|
<500 -
580
|
|
|
|
|
|
516.00
|
516.50
|
0.50
|
<500 -
930
|
|
|
|
|
|
522.50
|
523.00
|
0.50
|
<500 -
530
|
|
|
|
|
|
532.00
|
532.50
|
0.50
|
<500 -
1200
|
|
|
|
|
|
535.50
|
570.50
|
35.00
|
<500 -
61000
|
|
|
|
|
|
573.50
|
577.00
|
3.50
|
<500 -
4500
|
|
|
|
|
|
588.00
|
590.00
|
2.00
|
<500 -
1800
|
|
|
|
|
|
594.00
|
597.50
|
3.50
|
<500 -
4200
|
|
|
|
|
|
600.50
|
606.50
|
6.00
|
<500 -
26100
|
Parameters:
|
|
|
•
|
Maximum internal
dilution 2.00 m downhole
|
•
|
All depths and
intervals are metres downhole, true thicknesses are yet to be
determined
|
•
|
"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
|
•
|
Directional drilling
has often resulted in mineralization intersected at a more
favourable and shallower dip
|
•
|
If a drill hole
deviates from a target a section of the drill hole may need to be
re-drilled - this can potentially cause small discrepancies (in
metres) between the reported total length of a drill hole (depth at
end of hole minus the starting depth) and the actual number of
metres drilled for a given drill hole.
|
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
discovered in February 2014, the Bow discovery in March
2015, the Harpoon discovery in August 2016 and the Arrow
South discovery in July 2017. NexGen is the recipient of the
PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social
Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to
the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a
"qualified person" under National Instrument 43-101 – Standards
of Disclosure for Mineral Projects
("NI-43-101").
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA
and Mr. David Ross, P.Geo., Director
of Resource Estimation and Principal Geologist at RPA. Both
are independent Qualified Persons in accordance with the
requirements of National Instrument (NI) 43-101 and they have
approved the disclosure herein. All other technical information in
this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice
President – Operations & Project Development for NexGen.
Mr. Boisjoli is a qualified person for the purposes of 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. All other technical information in this news
release has been approved by Mr. James
Hatley, a Professional Engineer, Senior Vice-President –
Project Development for NexGen. Mr. Hatley is a qualified
person for the purposes of NI 43-101 and has reviewed the
underlying the information or opinions contained herein on mine
design.
A technical report in respect to the PFS is filed on SEDAR
(www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is
available for review on NexGen Energy's website
(www.nexgenenergy.ca).
SEC Standards
Estimates of mineralization and other technical information
included or referenced in this news release have been prepared in
accordance with NI 43-101. The definitions of proven and probable
mineral reserves used in NI 43-101 differ from the definitions in
SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a
"final" or "bankable" feasibility study is required to report
reserves, the three-year historical average price is used in any
reserve or cash flow analysis to designate reserves and the primary
environmental analysis or report must be filed with the appropriate
governmental authority. As a result, the reserves reported by the
Company in accordance with NI 43-101 may not qualify as "reserves"
under SEC standards. In addition, the terms "mineral resource",
"measured mineral resource", "indicated mineral resource" and
"inferred mineral resource" are defined in and required to be
disclosed by NI 43-101; however, these terms are not defined terms
under SEC Industry Guide 7 and normally are not permitted to be
used in reports and registration statements filed with the SEC.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Investors are cautioned not to
assume that any part or all of the mineral deposits in these
categories will ever be converted into reserves. "Inferred mineral
resources" have a great amount of uncertainty as to their
existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher
category. Under Canadian securities laws, estimates of inferred
mineral resources may not form the basis of feasibility or
pre-feasibility studies, except in rare cases. Additionally,
disclosure of "contained pounds" in a resource is permitted
disclosure under Canadian securities laws; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measurements. Accordingly,
information contained or referenced in this news release containing
descriptions of the Company's mineral deposits may not be
comparable to similar information made public by U.S. companies
subject to the reporting and disclosure requirements of
United States federal securities
laws and the rules and regulations thereunder.
Technical Information
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 "Arrow
Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on
Pre-feasbility Study" dated effective 5
November, 2018 (the "Rook 1 Technical Report") prepared by
Paul O'Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. 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 and EDGAR (www.sec.gov/edgar.shtml) providing 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 and is available
on NexGen Energy's website (www.nexgenenergy.ca).
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 4, 2019
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.