News Release
NexGen drills 22.5m of 61,000 cps radioactivity at Rook 2016-07-13 07:10 ET - News Release Mr. Leigh Curyer reports NEXGEN SIGNIFICANTLY EXPANDS NEW HIGH GRADE ZONE IN A1 SHEAR AND DRILLS EXTENSIVE OFF-SCALE ACROSS A2 SHEAR NexGen Energy Ltd. has released further results from its recently completed spring drilling program on its 100-per-cent-owned Rook I property, Athabasca basin, Saskatchewan. Eight drill holes have intersected extensive mineralization, and off-scale radioactivity (>10,000 to >61,000 cps) has been intersected in each of the A1, A2, A3 and A4 shears. The new high grade zone within the A1 shear was initially discovered with drill hole AR-16-84c1 (8.35 m of off-scale radioactivity with assays pending - see News Release dated April 14, 2016), and has been significantly expanded towards the northeast with drill holes AR-16-91c3 and -91c4. Holes -91c3 and -91c4 were drilled 30 m up-dip and northeast and 25 m down-dip and northeast, respectively from hole -84c1. The A1 shear currently has a mineralized strike length of 360 m and remains largely untested. Substantial high grade mineralization also continues to be encountered in the A2 shear. Drill holes AR-16-84c4, -91c1, -91c3, -91c4 and -92c1 each intersected massive to semi-massive pitchblende mineralization and significant off-scale radioactivity with intervals at greater-than-61,000 cps. Assay results remain pending for 30 holes, including intensely mineralized holes from the A2 Sub-Zone and the newly discovered area 180 m southwest of Arrow. Furthermore, six drill rigs are now fully operational at Rook I, with a seventh rig expected to start in mid-July. Highlights: A1 Shear: AR-16-91c3 (30 m up-dip and northeast from AR-16-84c1) intersected 49.5 m of total composite mineralization including 5.0 m of total composite off-scale radioactivity (>10,000 - 54,000 cps) within a 150.0 m section (575.0 to 725.0 m). AR-16-91c4 (25 m down-dip and northeast from AR-16-84c1) intersected 87.0 m of total composite mineralization including 4.1 m of total composite off-scale radioactivity (>10,000 - 29,000 cps) within a 133.0 m section (591.0 to 724.0 m). A2 Shear: AR-16-91c4 (70 m up-dip and northeast from AR-15-44b) intersected 78.5 m of total composite mineralization including 9.65 m of total composite off-scale radioactivity (>10,000 - >61,000 cps) within a 150.0 m section (425.5 to 575.5 m). AR-16-92c1 (23 m down-dip and southwest from AR-15-44b) intersected 86.95 m of total composite mineralization including 9.5 m of total composite off-scale radioactivity (>10,000 - >61,000 cps) within a 111.5 m section (535.5 to 647.0 m). Arrow, Activities & Financial The land-based and basement hosted Arrow Deposit currently covers an area of 870 m by 280 m with a vertical extent of mineralization commencing from 100 m to 920 m, and remains open in most directions and at depth. The summer 2016 program comprising 35,000 m of drilling is underway with six drill rigs active. A seventh drill rig will be put into service in mid-July. The Company has cash on hand of approximately $100 million. A drill hole location map, the A1 long section and a close-up of the A2 long section are shown in Figures 1 to 3. Garrett Ainsworth, Vice-President, Exploration and Development, commented: "Drill holes AR-16-91c3 and -91c4 in the A1 shear show excellent extensions of high grade mineralization to the northeast of hole -84c1, where there is over 300 m of existing strike length open to test. Additionally, mineralization has been encountered northwest of the A1 and southeast of the A4, which indicates excellent potential to discover additional mineralized shears laterally at the Arrow deposit. Drilling of the A2 high grade domain continues to return outstanding high grade intervals containing massive to semi-massive pitchblende." Leigh Curyer, Chief Executive Officer commented: "Today's results indicate Arrow has substantial growth potential within each of the four shears as well as the A2 high grade domain. The team is looking forward to the summer program results as we define the current footprint of Arrow with infill and expansion drilling as well as drilling at the new area 180 m southwest of Arrow and along trend from Arrow where we see multiple high priority exploration targets." Arrow Deposit Drill Hole Data Hole ID From (m) To (m) Width (m) CPS Range AR-16-84c4 415.00 415.50 0.50 <500-750 420.00="" 420.50="" 0.50=""><500-920 424.00="" 424.50="" 0.50=""><500-650 434.50="" 435.00="" 0.50=""><500-600 440.00="" 444.00="" 4.00=""><500-1700 471.50="" 475.50="" 4.00=""><500-2300 480.00="" 480.50="" 0.50=""><500-800 483.00="" 483.50="" 0.50=""><500-950 490.50="" 493.50="" 3.00=""><500-600 496.00="" 497.00="" 1.00=""><500-750 502.00="" 503.00="" 1.00=""><500-600 541.50="" 542.00="" 0.50=""><500-820 545.50="" 546.00="" 0.50=""><500-630 556.50="" 559.00="" 2.50=""><500-930 566.00="" 588.00="" 22.00="" 61000="" 592.00="" 604.00="" 12.00=""><500-6400 608.50="" 609.00="" 0.50=""><500-520 612.00="" 616.00="" 4.00=""><500-2800 ar-16-85c3="" 419.50="" 424.00="" 4.50=""><500-4300 429.00="" 430.50="" 1.50=""><500-600 437.50="" 440.00="" 2.50=""><500-2200 443.00="" 447.50="" 4.50=""><500-1500 455.50="" 457.00="" 1.50=""><500-2400 460.00="" 472.00="" 12.00=""><500-3200 475.50="" 476.50="" 1.00=""><500-1900 483.00="" 483.50="" 0.50=""><500-600 486.00="" 498.50="" 12.50=""><500-1100 503.00="" 503.50="" 0.50=""><500-580 506.50="" 507.00="" 0.50=""><500-680 515.00="" 517.50="" 2.50=""><500-620 531.00="" 531.50="" 0.50="" 650-1100="" 549.50="" 552.00="" 2.50="" 61000="" 558.50="" 559.00="" 0.50=""><500-550 567.50="" 568.00="" 0.50=""><500-750 572.50="" 579.00="" 6.50=""><500-30500 584.00="" 585.00="" 1.00="" 650-25000="" 611.00="" 612.00="" 1.00=""><500-44000 614.50="" 617.50="" 3.00=""><500-22000 629.50="" 630.50="" 1.00=""><500-7200 633.00="" 633.50="" 0.50=""><500-550 647.50="" 648.00="" 0.50=""><500-2800 664.50="" 665.00="" 0.50=""><500-1100 671.50="" 672.00="" 0.50=""><500-4000 693.00="" 694.00="" 1.00=""><500-18000 714.50="" 716.00="" 1.50=""><500-5600 720.00="" 720.50="" 0.50=""><500-730 789.50="" 790.50="" 1.00=""><500-3300 ar-16-85c4="" 426.50="" 443.00="" 16.50=""><500-7000 453.50="" 454.50="" 1.00=""><500-2300 457.00="" 472.50="" 15.50=""><500-1500 476.50="" 480.50="" 4.00=""><500-1250 484.50="" 485.50="" 1.00=""><500-610 488.00="" 488.50="" 0.50=""><500-530 492.00="" 492.50="" 0.50=""><500-530 578.00="" 580.50="" 2.50=""><500-5000 587.50="" 588.00="" 0.50=""><500-780 591.50="" 595.50="" 4.00=""><500-910 600.00="" 600.50="" 0.50=""><500-530 604.00="" 604.50="" 0.50=""><500-1050 613.00="" 613.50="" 0.50=""><500-640 616.50="" 618.50="" 2.00=""><500-3200 622.50="" 623.00="" 0.50=""><500-700 628.00="" 637.50="" 9.50=""><500-2100 670.00="" 670.50="" 0.50=""><500-5300 683.00="" 684.50="" 1.50=""><500-790 687.50="" 688.00="" 0.50=""><500-590 690.50="" 696.00="" 5.50=""><500-2300 742.50="" 743.50="" 1.00=""><500-32000 747.00="" 750.50="" 3.50=""><500-21000 760.00="" 761.00="" 1.00=""><500-1250 ar-16-86c2="" 402.00="" 419.50="" 17.50=""><500-4800 424.50="" 426.00="" 1.50=""><500-1400 431.50="" 432.00="" 0.50=""><500-840 436.00="" 440.00="" 4.00=""><500-2500 452.00="" 452.50="" 0.50=""><500-610 455.00="" 455.50="" 0.50=""><500-840 459.50="" 462.50="" 3.00=""><500-3100 466.00="" 468.50="" 2.50=""><500-1100 477.00="" 486.50="" 9.50=""><500-1250 490.00="" 490.50="" 0.50=""><500-1750 512.00="" 512.50="" 0.50=""><500-760 515.00="" 517.50="" 2.50=""><500-680 526.50="" 535.00="" 8.50=""><500-32000 545.50="" 554.00="" 8.50=""><500-5300 564.50="" 578.00="" 13.50=""><500-54000 587.50="" 589.00="" 1.50=""><500-5800 593.00="" 593.50="" 0.50=""><500-2000 607.00="" 607.50="" 0.50=""><500-630 623.00="" 623.50="" 0.50=""><500-1250 630.50="" 631.00="" 0.50=""><500-750 652.00="" 653.00="" 1.00=""><500-3600 658.00="" 658.50="" 0.50=""><500-600 697.00="" 697.50="" 0.50=""><500-550 ar-16-91c1="" 396.50="" 397.00="" 0.50=""><500-5200 402.00="" 404.00="" 2.00=""><500-2600 411.50="" 412.50="" 1.00=""><500-800 416.50="" 417.00="" 0.50=""><500-1000 419.50="" 420.50="" 1.00=""><500-1200 425.50="" 428.00="" 2.50=""><500-8900 430.50="" 439.50="" 9.00=""><500-13000 443.00="" 452.00="" 9.00=""><500-1500 458.00="" 461.00="" 3.00=""><500-1300 465.50="" 483.00="" 17.50=""><500-3500 489.50="" 494.00="" 4.50=""><500-1500 499.00="" 504.00="" 5.00=""><500-1600 506.50="" 525.00="" 18.50="" 61000="" 528.50="" 539.50="" 11.00=""><500-29500 542.00="" 551.50="" 9.50=""><500-11000 556.00="" 559.50="" 3.50=""><500-1200 562.50="" 564.00="" 1.50=""><500-7200 652.50="" 655.00="" 2.50=""><500-920 691.50="" 692.50="" 1.00=""><500-4400 698.50="" 701.50="" 3.00=""><500-2500 705.50="" 729.50="" 24.00=""><500-5800 759.50="" 760.00="" 0.50=""><500-1100 766.50="" 767.00="" 0.50=""><500-1400 ar-16-91c3="" 344.00="" 344.50="" 0.50=""><500-710 398.00="" 398.50="" 0.50=""><500-900 407.00="" 407.50="" 0.50=""><500-550 413.50="" 414.00="" 0.50=""><500-750 419.50="" 420.00="" 0.50=""><500-1300 423.00="" 441.50="" 18.50=""><500-7100 444.50="" 446.00="" 1.50=""><500-15000 449.50="" 451.50="" 2.00=""><500-1900 455.00="" 455.50="" 0.50=""><500-950 460.50="" 462.00="" 1.50=""><500-1650 464.50="" 466.50="" 2.00=""><500-2350 472.50="" 479.50="" 7.00=""><500-2600 484.00="" 504.00="" 20.00="" 61000="" 513.50="" 516.50="" 3.00=""><500-1800 520.00="" 537.50="" 17.50="" 61000="" 575.00="" 584.50="" 9.50=""><500-1500 618.00="" 619.00="" 1.00=""><500-620 625.50="" 647.00="" 21.50=""><500-43000 652.50="" 654.50="" 2.00=""><500-1300 657.00="" 663.00="" 6.00=""><500-54000 676.50="" 677.50="" 1.00=""><500-1450 709.00="" 710.00="" 1.00=""><500-2300 714.00="" 720.50="" 6.50=""><500-27000 724.00="" 725.00="" 1.00=""><500-580 ar-16-91c4="" 400.50="" 402.50="" 2.00=""><500-1000 406.00="" 408.50="" 2.50=""><500-2150 412.00="" 412.50="" 0.50=""><500-1650 419.50="" 421.00="" 1.50=""><500-3800 425.50="" 434.50="" 9.00=""><500-13000 437.50="" 439.00="" 1.50=""><500-2100 441.50="" 443.50="" 2.00=""><500-700 446.50="" 450.00="" 3.50=""><500-1500 457.00="" 458.00="" 1.00=""><500-900 465.50="" 479.00="" 13.50=""><500-2800 499.50="" 516.00="" 16.50=""><500-3900 518.50="" 541.00="" 22.50="" 61000="" 732.50="" 734.00="" 1.50=""><500-2400 551.50="" 557.00="" 5.50="" 61000="" 573.50="" 575.50="" 2.00=""><500-610 591.00="" 591.50="" 0.50=""><500-610 604.00="" 609.00="" 5.00=""><500-1600 623.50="" 627.00="" 3.50=""><500-900 630.50="" 631.00="" 0.50=""><500-900 636.00="" 678.50="" 42.50=""><500-29000 685.50="" 691.50="" 6.00=""><500-3300 696.00="" 725.00="" 29.00=""><500-26000 ar-16-92c1="" 535.50="" 541.50="" 6.00=""><500-9900 544.50="" 546.50="" 2.00=""><500-5300 549.50="" 550.50="" 1.00=""><500-32000 558.00="" 558.50="" 0.50=""><500-690 566.00="" 624.25="" 58.25=""><500-54000 627.80="" 647.00="" 19.20="" 61000="" 650.00="" 654.00="" 4.00=""><500-2900 679.00="" 682.50="" 3.50=""><500-1000 707.50="" 708.50="" 1.00=""><500-520 731.00="" 733.50="" 2.50=""><500-1800 738.00="" 738.50="" 0.50=""><500-770 745.00="" 745.50="" 0.50=""><500-540 749.00="" 749.50="" 0.50=""><500-510 762.50="" 763.00="" 0.50=""><500-580 773.00="" 773.50="" 0.50=""><500-510 781.00="" 781.50="" 0.50=""><500-920 784.50="" 792.00="" 7.50=""><500-3300 812.00="" 814.50="" 2.50=""><500-5400 817.00="" 824.50="" 7.50=""><500-17000 827.00="" 829.00="" 2.00=""><500-1800 833.00="" 848.50="" 15.50=""><500-3500 851.00="" 861.00="" 10.00=""><500-12000 869.00="" 870.00="" 1.00=""><500-20000 872.50="" 873.00="" 0.50=""><500-2200 882.50="" 884.50="" 2.00=""><500-17000 913.50="" 914.50="" 1.00=""><500-850 922.50="" 923.00="" 0.50=""><500-530 parameters:="" maximum="" internal="" dilution="" 2.00="" m="" downhole="" all="" depths="" and="" intervals="" are="" meters="" downhole="" "anomalous"="" means="">500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120 "Off-scale" means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120 Where "Min cps" is <500 cps,="" this="" refers="" to="" local="" low="" radiometric="" zones="" within="" the="" overall="" radioactive="" interval="" natural="" gamma="" radiation="" in="" drill="" core="" reported="" in="" this="" news="" release="" was="" measured="" in="" counts="" per="" second="" (cps)="" using="" a="" radiation="" solutions="" inc.="" rs-120="" gamma-ray="" scintillometer.="" the="" reader="" is="" cautioned="" that="" total="" count="" gamma="" readings="" may="" not="" be="" directly="" or="" uniformly="" related="" to="" uranium="" grades="" of="" the="" rock="" sample="" measured;="" they="" should="" be="" used="" only="" as="" a="" preliminary="" indication="" of="" the="" presence="" of="" radioactive="" minerals.="" all="" intersections="" are="" downhole.="" true="" thicknesses="" are="" yet="" to="" be="" determined.="" split="" core="" samples="" will="" be="" taken="" systematically,="" and="" intervals="" will="" be="" submitted="" to="" src="" geoanalytical="" laboratories="" (an="" scc="" iso/iec="" 17025:="" 2005="" accredited="" facility)="" of="" saskatoon="" for="" analysis.="" all="" samples="" sent="" to="" src="" will="" be="" analyzed="" using="" icp-ms="" for="" trace="" elements="" on="" partial="" and="" total="" digestions,="" icp-oes="" for="" major="" and="" minor="" elements="" on="" a="" total="" digestion,="" and="" fusion="" solution="" of="" boron="" by="" icp-oes.="" mineralized="" samples="" are="" analyzed="" for="" u3o8="" by="" icp-oes="" and="" select="" samples="" for="" gold="" by="" fire="" assay.="" assay="" results="" will="" be="" released="" when="" received="" and="" after="" stringent="" internal="" qa/qc="" protocols="" are="" passed.="" the="" technical="" information="" in="" this="" news="" release="" has="" been="" approved="" by="" garrett="" ainsworth,="" p.geo.,="" vice="" president-exploration="" &="" development,="" a="" qualified="" person="" for="" the="" purposes="" of="" national="" instrument="" 43-="" 101-standards="" of="" disclosure="" for="" mineral="" projects.="" mr.="" ainsworth="" reviewed="" the="" data="" disclosed="" in="" this="" news="" release,="" including="" the="" sampling,="" analytical="" and="" test="" data="" underlying="" the="" information="" contained="" in="" this="" news="" release.="" the="" mineral="" resource="" at="" the="" arrow="" deposit="" was="" completed="" by="" rpa="" inc.="" and="" has="" an="" effective="" date="" of="" january="" 14,="" 2016.="" the="" mineral="" resource="" is="" reported="" at="" a="" cut-off="" grade="" of="" 0.25%="" u3o8.="" the="" cut-off="" is="" based="" on="" a="" long-term="" uranium="" price="" of="" usd$65/lb="" u3o8.="" the="" mineral="" resource="" is="" classified="" into="" the="" inferred="" category="" based="" on="" the="" cim="" definition="" standards.="" for="" details="" regarding="" the="" geology="" and="" mineralization="" of="" the="" arrow="" deposit,="" the="" drilling,="" sampling="" and="" analytical="" procedures="" followed="" and="" the="" estimation="" methodology="" used="" in="" the="" preparation="" of="" the="" mineral="" resources,="" please="" refer="" to="" the="" company's="" amended="" and="" restated="" news="" release="" dated="" march="" 3,="" 2016,="" which="" is="" available="" under="" the="" company's="" profile="" on="" the="" sedar="" website="" at="" www.sedar.com.="" arrow="" deposit="" drilling="" ar-16-84c4="" hole="" ar-16-84c4="" was="" a="" directional="" hole="" that="" departed="" pilot="" hole="" ar-16-84c3="" at="" a="" depth="" of="" 291="" m.="" it="" was="" designed="" as="" a="" scissor="" hole="" to="" verify="" the="" thickness="" of="" near="" vertically="" dipping="" mineralization="" in="" the="" a2="" shear.="" the="" hole="" tested="" the="" a2="" shear="" 12="" m="" down-dip="" and="" northeast="" of="" ar-16-64c2="" (11.15%="" u3o8="" over="" 48.5="" m="" in="" the="" a2="" shear).="" directional="" drilling="" was="" initiated="" at="" 510="" m="" and="" the="" a2="" shear="" was="" intersected="" at="" an="" inclination="" of="" -66degree.="" since="" the="" hole="" departed="" the="" pilot="" hole="" below="" the="" unconformity,="" no="" athabasca="" group="" sandstones="" were="" intersected.="" basement="" lithologies="" consisted="" largely="" of="" semipelitic="" gneiss="" to="" granofel,="" and="" relatively="" narrow="" intervals="" of="" pelitic="" gneiss="" and="" mylonite="" (the="" a2="" and="" a3="" shears).="" the="" hole="" successfully="" intersected="" weakly="" to="" strongly="" anomalous="" radioactivity="" in="" the="" a2="" and="" a3="" shears="" that="" was="" associated="" with="" semi-massive="" to="" massive="" veins,="" chemical="" solution="" fronts,="" blebs="" and="" flecks="" of="" pitchblende.="" a="" total="" composite="" mineralization="" of="" 58.0="" m="" of="" mineralization="" including="" 5.7="" m="" of="" off-scale="" radioactivity="" (="">10,000->61,000 cps) was intersected within a 201.0 m section (415.0 to 616.0 m). In the A2 shear, 42.0 m of composite mineralization including 5.7 m of off-scale radioactivity was intersected. In the A3 shear, 16.0 m of composite mineralization was intersected. The hole was terminated at 651. AR-16-85c3 Hole AR-16-85c3 was a directional hole that departed pilot hole AR-16-85c2 at 279 m. It tested the A2 shear 36 m up-dip and southwest of AR-16-86c1 (13.05 m of off-scale radioactivity in the A2 shear; assays pending) and the A3 shear 50 m up-dip and southwest of AR-15-48c1 (5.43% U3O8 over 24.0 m in the A3 shear). Directional drilling was initiated at 294 m. The A2 and A3 shears were intersected at hole inclinations of -64degree and -63degree, respectively. Since the hole departed the pilot hole below the unconformity, no Athabasca Group sandstones were intersected. Basement lithologies consisted largely of semipelitic gneiss to granofel, and relatively narrow intervals of pelitic gneiss and mylonite (the A2 through A4 shears). The hole successfully intersected weakly to strongly anomalous radioactivity in the A2 through A4 shears that was associated with stringers, worm-rock style, chemical solution fronts, blebs and flecks of pitchblende. A total composite mineralization of 66.5 m including 2.6 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 371.0 m section (419.5 to 790.5 m). In the A2 shear, 40.5 m of composite mineralization was intersected. In the A3 shear, 19.0 m of composite mineralization including 2.25 m of composite mineralization was intersected. In the A4 shear, 6.0 m of composite mineralization including 0.35 m of off-scale radioactivity was intersected. The hole was terminated at 840 m. AR-16-85c4 Hole AR-16-85c4 was a directional hole that departed pilot hole AR-16-85c3 at 297 m. It tested the A2 shear 21 m up-dip and southwest of AR-16-86c1 (13.05 m of off-scale radioactivity in the A2 shear; assays pending) and the A3 shear 34 m down-dip and southwest of AR-15-48c1 (5.43% U3O8 over 24.0 m in the A3 shear). Directional drilling was initiated at 342 m. The A2 and A3 shears were intersected at inclinations of -67degree and -68degree, respectively. Since the hole departed the pilot hole below the unconformity, no Athabasca Group sandstones were intersected. Basement lithologies consisted largely of semipelitic gneiss to granofel, and relatively narrow intervals of pelitic gneiss and mylonite (the A2 through A4 shears). The hole successfully intersected weakly to strongly anomalous radioactivity in the A2 through A4 shears that was associated with stringers, worm-rock style, chemical solution fronts, blebs and flecks of pitchblende. A total composite mineralization of 73.0 m including 0.6 m of off-scale radioactivity (>10,000 to 32,000 cps) was intersected within a 334.5 m section (426.5 to 761.0 m). In the A2 shear, 39.0 m of composite mineralization was intersected. In the A3 shear, 21.0 m of composite mineralization was intersected. In the A4 shear, 13.0 m of composite mineralization including 0.6 m of off-scale radioactivity was intersected. The hole was terminated at 822 m. AR-16-86c2 Hole AR-16-86c2 was a directional hole that departed pilot hole AR-16-86c1 at 223 m. It tested the A2 shear 46 m up-dip and northeast of AR-16-86c1 (13.05 m of off-scale radioactivity in the A2 shear; assays pending) and the A3 shear 75 m up-dip and northeast of AR-15-48c1 (5.43% U3O8 over 24.0 m in the A3 shear). Directional drilling was initiated at 294 m. The A2 and A3 shears were intersected at hole inclinations of -59degree and -60degree, respectively. Since the hole departed the pilot hole below the unconformity, no Athabasca Group sandstones were intersected. Basement lithologies consisted largely of semipelitic gneiss to granofel, and relatively narrow intervals of pelitic gneiss and mylonite (the A2 through A4 shears). The hole successfully intersected weakly to strongly anomalous radioactivity in the A2 through A4 shears that was associated with stringers, worm-rock style, chemical solution fronts, blebs and flecks of pitchblende. A total composite mineralization of 79.0 m including 1.2 m of off-scale radioactivity (>10,000 to 54,000 cps) was intersected within a 295.5 m section (402.0 to 697.5 m). In the A2 shear, 30.0 m of composite mineralization was intersected. In the A3 shear, 43.5 m of composite mineralization was intersected including 1.2 m of off-scale radioactivity. In the A4 shear, 5.5 m of composite mineralization was intersected. The hole was terminated at 750 m. AR-16-91c1 Hole AR-16-91c1 was a directional hole collared from surface at an angled orientation (-70degree) to the northwest (327degree Azimuth). It was designed as a scissor hole to both verify the thickness of the near vertically dipping mineralization in the A2 shear and to test the A1 shear in the area of AR-16-84c1 (8.35 m of off-scale radioactivity; assays pending). Directional drilling was initiated at 216 m. The A1 and A2 shears were intersected at inclinations of -63degree and -69degree, respectively. The hole intersected heavily bleached and desilicified Athabasca Group sandstones between 123.0 m and the unconformity at 132.2 m. Basement lithologies consisted largely of semipelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A1 through A3 shears). Anomalous radioactivity was intersected in the A1 through A3 shears in association with stringer, disseminated and fracture-controlled pitchblende mineralization. A total composite mineralization of 131.0 m including 3.8 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 370.5 m section (396.5 to 767.0 m). In the A1 shear, 30.5 m of composite mineralization was intersected. In the A2 shear, 92.0 m of composite mineralization including 3.85 m of off-scale radioactivity was intersected. In the A3 shear, 7.5 m of composite mineralization was intersected. The hole was terminated at 799 m. AR-16-91c3 Hole AR-16-91c3 was a directional hole that departed pilot hole AR-16-91c2 at a depth of 219 m. It was designed as a scissor hole to both verify the thickness of the near vertically dipping mineralization in the A2 shear and to test the A1 shear in the area of AR-16-84c1 (8.35 m of off-scale radioactivity; assays pending). Directional drilling was initiated at 391 m. The A1 and A2 shears were both intersected at inclinations of -67degree. Since the hole departed the pilot hole below the unconformity, no Athabasca Group sandstones were intersected. Basement lithologies consisted largely of semipelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A1 through A3 shears). The hole successfully intersected highly anomalous radioactivity in the A1 through A3 shears that was associated with semi-massive to massive veins, chemical solution fronts, blebs and flecks of pitchblende. A total composite mineralization of 125.5 m including 11.95 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 381.0 m section (344.0 to 725.0 m). In the A1 shear, 49.5 m of total composite mineralization including 5.0 m of off-scale radioactivity was intersected. In the A2 shear, 74.5 m of total composite mineralization including 6.95 m of off-scale radioactivity was intersected. In the A3 shear, a total composite mineralization of 1.5 m was intersected. The hole was terminated at 879 m. AR-16-91c4 Hole AR-16-91c4 was a directional hole that departed pilot hole AR-16-91c3 at a depth of 228 m. It was designed as a scissor hole to both verify the thickness of the near vertically dipping mineralization in the A2 shear and to test the A1 shear in the area of AR-16-84c1 (8.35 m of off-scale radioactivity; assays pending). Directional drilling was initiated at 240 m. The A1 and A2 shears were intersected at hole inclinations of -69degree and -68degree, respectively. Since the hole departed the pilot hole below the unconformity, no Athabasca Group sandstones were intersected. Basement lithologies consisted largely of semipelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A1 through A3 shears). The hole successfully intersected highly anomalous radioactivity in the A1 through A3 shears that was associated with semi-massive to massive veins, chemical solution fronts, blebs and flecks of pitchblende. A total composite mineralization of 172.0 m including 13.75 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 323.5 m section (400.5 to 724.0 m). In the A1 shear, 87.0 m of total composite mineralization including 4.1 m of off-scale radioactivity was intersected. In the A2 shear, 78.5 m of total composite mineralization including 9.65 m of off-scale radioactivity was intersected. In the A3 shear, a total composite mineralization of 6.5 m was intersected. The hole was terminated at 855 m. AR-16-92c1 Hole AR-16-92c1 was a directional hole collared from surface at an angled orientation (-67degree) to the southeast (147degree Azimuth). It tested the A2 shear 41 m down-dip of AR-16-76c3 (10.25% U3O8 over 74.0 m in the A2 shear) and the A3 shear 61 m up-dip and northeast of AR-15-54c2 (2.66% U3O8 over 14.5 m in the A3 shear). Directional drilling was initiated 210 m. The A2 and A3 shears were intersected at inclinations of -64degree and -63degree, respectively. The hole intersected bleached and desilicified Athabasca Group sandstones between 91.0 m and the unconformity at 111.0 m. Basement lithologies consisted largely of semipelitic gneiss to granofel and relatively narrow intervals of pelitic gneiss and mylonite (the A1 through A4 shears). Strongly anomalous radioactivity was intersected in the A2 through A4 shears in association with semi-massive to massive veins, stringers, disseminated and fracture-controlled pitchblende mineralization. A total composite mineralization of 150.95 m including 10.3 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 387.5 m section (535.5 to 923.0 m). In the A2 shear, 86.95 m of composite mineralization including 9.5 m of off-scale mineralization was intersected. In the A3 shear, 12.5 m of composite mineralization was intersected. In the A4 shear, 50.0 m of composite mineralization including 0.8 m of off-scale mineralization was intersected. The hole was terminated at 930 m. We seek Safe Harbor. 2016 Canjex Publishing Ltd. All rights reserved.