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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 teeveeon Nov 05, 2015 12:41pm
152 Views
Post# 24262577

RE:RE:RE:NEWS- Hole AR-15-54c1 Returns 27.5m at 10.09% U3O8

RE:RE:RE:NEWS- Hole AR-15-54c1 Returns 27.5m at 10.09% U3O8Rover90,
further to my response to you, note that Chang has an average grade of .75%. My weighted average grade calcuations come in at 2.9% for A2 and 1.0% for zone A3. Needless to say, all you have to do is increase Chang's average grade ~4 fold from .75% to my 2.9% to arrive at a very similar number for the total resource. Given the stark differnece between NXE's published assays and Chang's average grade of .75%, if Chang is using a lower area of influence for drill holes (ie. 10-15 meters), he must be assuming the intervening grades are zero and averaging his "blank" intervals to come up with such a low average grade. If I can help you visualize why I don't agree with Chang, in addition to continuity demonstrated by infill drilling, the vertical sections that NXE post in their presentations show the true vertical extent of each mineralized section of drill core, with the top of the interval where the core enters the zone, and the bottom of the drill hole where the interval exits the zone. The shorter the vertical extent shown for long intervals simply indicates that the angle of the drill hole is much flatter. The vertical sections demonstrate very good vertical continuity of grade. The horizontal continuity between holes is increasing with each infill hole. I therefore have much more confidence in my weighted average grade calculation than Chang's average grade of only .75%.......it is now November, so it is only a few months until NXE puts out their maiden resource statement and then the disparities will be settled. Hope that helps.

Rover90 wrote:
TeeVee sounds like Rob Chang does not agree with your 467M lbs estimate.....did you get that number from Doug? Either way....is it really credible? Are you credible?

NexGen Energy: Arrow
While NexGen (TSXV:NXE) has yet to complete its maiden resource for the Rook 1 property in the Athabasca Basin, drilling at the Arrow zone has continued to intersect high-grade uranium and expand the area. The company said it will focus the rest of 2015 on compiling data to be included in a maiden NI 43-101 resource estimate, which is due in the first half of 2016. Cantor Fitzgerald senior analyst Rob Chang said the firm estimates that Arrow contains 127.3 million pounds U3O8 at an average grade of 0.75 percent.
However, the upcoming assays from the 33,010-meter summer drill program may change that. “We expect positive results from the upcoming 26 assays that will likely increase our 127.3 million pounds U3O8 estimate,” Chang said in October.

https://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/top-canadian-uranium-resources-junior-explorers-denison-fission-kivalliq-uex-nexgen/



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