Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Metals & Mining Industrial Metals & Minerals

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.

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Nexgen Energy Ltd

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Post by teeveeon Oct 23, 2015 9:45am

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Post# 24219945

Cantor Fitzgeralds Oct 23rd report

NexGen Energy Ltd (NXE/TSXV, $0.72) Buy (Speculative): Target N/A
Latest Drill Hole Among Best Ever; Impressive Intercepts in the New A4 Shear
Rob Chang (416) 849-5008, Michael Wichterle (416) 849-5005

EVENT
Nexgen Energy announced assay results for six drill holes from the on-going summer 2015 drilling program at its wholly-owned Rook I property in the Athabasca Basin.
BOTTOM LINE
Very Positive – Drill hole AR-15-58c1 is one of the best uranium drill holes ever reported on the planet. This drill hole intersected strong mineralization extending from the A2 shear and into the A4 shear as well (representing the very first assay results from A4). All six drill holes (four from the A2 Shear) returned strong assay results over significant widths. The summer drill program continues and has further expanded to now total over 30,000m. NexGen Energy remains our Top Pick

FOCUS POINTS

Our estimate for Arrow increases – As a result of the recent assay results we have increased our estimate for Arrow to 127.3M lbs U3O8 (from 114.9M lbs previously).
Among best holes ever drilled – According to our database, AR-15-58c1 ranks third among all of NexGen’s holes and sixth overall globally on a Grade X Thickness (GT) scale..
First assays from A4 impressive – AR-15-58c1 extended into the A4 shear and intersected 5.0m at 7.23% U3O8 (875.0m to 880.0m) and 19.0m at 2.01% U3O8 (883.0m to 902.0m).
More to come – The summer drill program has again expanded to now total over 30,000m. Expect a maiden resource in 1H/16.