RE:RE:NXE MARKET CAP TOO HIGH & URANIUM TOO DEEP Arrow ~ Eagle Point
Using the Eagle Point model. NexGen should be able to target basement zones withincreased accuracy assuming this model works. Plus, this model also leads into unconformitystyle targets.So far so good, as drilling over the past year has demonstrated success fromrather large step outs. In fact the best hole of the winter drill program was a 195m step out.Basement mineralization at Eagle Point doesn't necessarily come as shallow as theunconformity, but where it does, things get interesting. Directly uptrend from Eagle PointMine is the high grade Collins Bay unconformity deposit. Unconformity deposits occur at theinterface of basement rocks and overlying sandstone - and they tend to be the highest gradeof all uranium deposits. Think McArthur River, Cigar Lake and Phoenix. Arrow has overlyingsandstone while PLS does not. NexGen will make attempt to track uranium up dip and upplunge towards the sandstone, hoping that mineralization blows out at that spot. Dravite ispresent up to 70% locally at Arrow, and this is a mineral typically known to have come fromhydrothermal fluids and is used to find unconformity deposits.
Read more at https://www.stockhouse.com/companies/bullboard/v.nxe/nexgen-energy-ltd#he6c1JaX7KfOPstX.99
https://personal.crocodoc.com/j8pk7bX
Read more at https://www.stockhouse.com/companies/bullboard/v.fcu/fission-uranium-corp#GpfMif0V2upCXzZm.99
PamplonaTrader wrote:
ForesstGump wrote:
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You obviously dont know the difference between basement vs unconformity mineralization. Athabasca is known for unconformity-style deposits and lead tech advisor Andy Browne is a recognized scholar and subject matter expert. Look at the scint chart below, unconformity just around 100m deep = shallow!
I'll tell you who knows better, Garrett Ainsworth and about $70mm in smart money.
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PLS discovery hole 12-22 hit 8.5m @ 1.07% U308. PLS deposit is under a lake which will need to be dammed and drained... A lake which FCU recently disclosed was a fish spawning area, delaying their summer drill permit/season.
Arrow hole 14-27 hit 29m @ 1.04% U308 at open pittable depths (250m deep) and is located on land.
Forward thinking investors know NXE is on the verge of a legit company maker!
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"Our goal is to ?nd a 50 to 100+ million pound uranium deposit at an economic depth. If we didn’t think that we could do that at Arrow, we would be drilling one of the other 12 targets that we have at Rook I."
"We also brought in a third drill rig to focus on regional and other geophysical targets that we’ve identi?ed."
"Although Area A is highly prospective, we’re going to focus on Area B, D, K, and L, in addition to Arrow. Just to put it into context, K and L, from a geophysical perspective, are actually the two highest-priority targets on the property. These ranked even higher than Arrow on a geophysical basis. Interestingly, Arrow was originally ranked ninth for prospectivity."
https://origin.library.constantcontact.com/download/get/file/1113243900845-52/V.NXE+Interview+May+2014.pdf