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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canada-based company focused on delivering clean energy fuel for the future. The Company is an exploration and development stage Company, which is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It has a portfolio of highly prospective projects, including the Company's 100% owned Rook I property that is host to the Harpoon, Bow, South Arrow, Arrow Deposit, and the Cannon area. The Rook I property is a development-stage uranium project in Canada, which is located in the uranium rich district of the southwestern area of the Athabasca Basin, located in the premier mining jurisdiction of Saskatchewan. The Rook I project hosts the Harpoon Discovery located approximately 4.7 kilometers (km) northeast of the Arrow Deposit. The Bow Discovery is located approximately 3.7 km northeast along the Patterson Lake Conductor corridor. The South Arrow Discovery is located 400 meters (m) South of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Comment by bulavaon Oct 22, 2015 7:43am
173 Views
Post# 24215194

RE:NXE: "Hole AR-15-58c1 Returns Highest Grade Assays to Date"

RE:NXE: "Hole AR-15-58c1 Returns Highest Grade Assays to Date"@Pamps - does this surpass your expectation for 58c1 based on your analysis of the core photos and massive pitchblende description? Good call, yet again @Pamps!


A2 Shear:

  • AR-15-58c1 (53 m up-dip and southwest of AR-15-44b) intersected 80.5 m at 2.48% U3O8 (409.0 to 489.5 m) including 15.5 m at 10.01% U3O8, and a second interval of 35.5 m at 9.72% U3O8 (494.5 to 530.0 m) including, 11.0 m at 30.61% U3O8 and 3.0 m at 72.02% U3O8 in the A2 shear;
  • Highest grade assay result from Arrow zone to date in AR-15-58c1: 0.5 m at 80.50% U3O8 (512.5 to 513.0 m);
  • AR-15-48c3 (55 m southwest from AR-15-44b) intersected 9.5 m at 4.11% U3O8 (552.5 to 562.0 m), 4.5 m at 7.03% U3O8(494.5 to 530.0 m) and 10.5 m at 7.30% U3O8 (615.0 to 625.5 m) in the A2 shear.


bulava wrote: News release on 58c1:

Hole AR-15-58c1 Returns Highest Grade Assays to Date at Arrow

Garrett Ainsworth, Vice-President, Exploration and Development, commented "Assay results from hole AR-15-58c1 in the higher grade sub-zone of the A2 shear stand out on a global stage. The sub-vertical dipping and sub-horizontal plunging orientation of this A2 sub-zone are now represented by assays from drill holes -30, -44b, -49c2 and -58c1, which all demonstrate strong continuity and grades that are constantly in excess of 10% U3O8 over wide intervals. In addition, exceptional results in other sections of the A2, A3 and A4 shears are demonstrating that the growth of Arrow continues to develop at speed."

Leigh Curyer, Chief Executive Officer commented, "This latest batch of assay results are very exciting for the project. We expect the higher grade A2 sub-zone on its own will have a material impact on our maiden resource estimate scheduled for the first half of 2016. In addition, the broader A2, A3 and A4 shears are exhibiting high-grade uranium intercepts throughout that continue to increase the known limits of mineralization. Arrow is shaping up to be a truly unique uranium asset, and one that we continue to rigorously test."



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