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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Comment by PamplonaTraderon Aug 26, 2015 8:43am
191 Views
Post# 24051738

RE:RE:RE:RE:RE:Anyone notice the new Aug 11 presentation!

RE:RE:RE:RE:RE:Anyone notice the new Aug 11 presentation!Shears coming together.

Best grades at depth between A2 and A3 shears.  Like a string of pearls at the hinges of the oyster shells.

Nice up-dip results as well at 54c1.

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PamplonaTrader wrote: I would like to add that it's been my belief for many months that the A2 and A3 shears come together at depth.  I first suspected this when I saw a cross-section view of the shear zones and how the EM-conductors converged at depth. See below, the area of interest is circled in red:

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AR-15-44b proved this concept with 167m+ (true thickness of 43.6m @ -75 degree dip) of 5% material (using max ore dilution of 4.5m). In other words, if we use a max tolerance of 4.5m between mineralized zones, we get a diluted mineralized intercept showing a true width of 43.6m @ 5% U308. Given that the A2 shear was previously defined as having a maximum true width of roughly 27m, we can extrapolate that the A2 and A3 shear is no more than 4.5m apart (true thickness ~1m) in hole AR-15-44b. The graphic below illustrates AR-15-44b connecting the A2 and A3 shears at depth:
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I suspect ongoing drilling will further prove my theory that the shears come together at depth. Per the August 5th news release, AR-15-48c2 hit A2 at a shallow dip angle of -67 degrees. AR-15-48c3 was drilled at a steeper angle of -72 degrees and AR-15-51 was drilled at an angle of -75 degrees (typical angle for most holes at Arrow).  My guess is that as NXE drills down-plunge and at an angle of -75 degrees, we’ll see the shears coming together.  See the over-head plan view that follows, I’ve circled the area of interest between AR-15-48c2 and AR-15-51 below.  Infilling this area will have massive implications on resource, especially if we see grades seen in AR-15-30 and AR-15-44b (5-6% diluted):
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PamplonaTrader wrote:
thinkahead wrote: I agree, Arrow is huge. How big do you think it will get?

Who is to say, maybe the PLS boulder field was actually carved from Arrow and not Triple R?


Per Doug Beattie (Octillo), whom you've labeled a poser, the strike typically matches vertical extent so bluesteele speculating ~1000m strike seems probable. 

While extending strike is exciting, I think we have lots to prove up, as is.  I am very eager to see results down-plunge from AR-15-51.  If you look at the over-head plan view on the corp presentation (slide 10), it appears the A2 shear swells around this hole.  

According to Travis in the Northern Miner article:

“The alteration in the new step-out holes looks to be just like the top of the high-grade core on the A2 shear we drilled previously,” he says. “Our technical team believes we clipped the top of a much larger mineralized system so we’re investigating that further with more drilling down plunge.




Bullboard Posts