RE:Implications of High Grade Stepouts
HighROI wrote: The Northern Miner Article recently quoted Travis MacPherson, corporate development manager, said that they feel they hit the top of something big on hole 51 (100m step-out)To re-inforce what pamps said on his post about Nexgen is currently massively undervalued part 3. 44B came back from assays as 168.5m of 5% Uranium and the second best hole drilled in basin history after McArthur River. The true thickness of the intercept was 48.5m To get vertical: A squared + B squared = C squared A = 161 m If you assume the high grade core mineralization follows a rectangular pattern at a deep plunge to the SW similar to the outline of the shears you would have a rectangular prism with a volume of 780,850 cubic meters. 780,850 cubic meters x 2.6 specific gravity x 5% x 2205 = 224,000,000 pounds. Just for that section. That is what high grade does to the pounds. They are currently drilling down plunge of these holes right now also per the article. I am not saying that we get 44B type holes but if they think they skimmed something big under 51 the chances are there. If we do hit that kind of hole 100m out and especially if the 50m stepout also hits a very good hole showing mineralization continuity hang onto your shares very tightly. Then we would be talking McArthur river....crazy to even think that.
To help everyone visualize HighROI's post, here is a graphic from my post about infilling the area between the A2 and A3 shears (green area in red circle)... where we have been hitting the highest grades.
The area of interest illustrated above covers an area of roughly 100m strike x 50m width. It can add over 200mm lbs if grades found in 44b are continuous to 51, where mgmt hopes we've clipped the top of something big.
Read more about shears coming together here:
https://www.stockhouse.com/companies/bullboard/v.nxe/nexgen-energy-ltd/3?postid=24022792