http://resourceclips.com/2016/08/11/nexgen-energy%e2%80%99s-
Home News Archive feature articles news stories NexGen Energys latest discovery emphasizes PLS camps regional potential by Greg Klein | August 11, 2016 Described as strong visible uranium mineralization with dense accumulations of massive to semi-massive pitchblende, the Harpoon discovery adds another weapon to NexGen Energys (TSX:NXE) arsenal. Announced August 11, hole HP-16-08 features 17 metres of continuous mineralization, 4.5 metres of it off-scale or above the 9,999-counts-per-second limit of older scintillometers. At least one point surpassed 61,000 cps. To put that in perspective, 500 cps rates as anomalous. Impressive as they are, results like that keep in line with the Rook 1 projects Arrow resource, the Athabasca Basins largest undeveloped deposit. But this holes located 4.7 kilometres northeast. NexGen Energys latest discovery emphasizes PLS camps regional potential A regional discovery 4.7 kilometres northeast of NexGens Arrow deposit delivered a boxful of pitchblende treasures. Once again demonstrating the Patterson Lake South regions overall potential, NexGen collared HP-16-08 as a 250-metre stepout from HP-16-06, which scintillated another 1.5 metres of continuous mineralization. The company now traces 5.6 kilometres in northeasterly mineralized strike between Arrow and Harpoon. Another 300 metres northeast of Harpoon lies the Spitfire discovery of JV partners Purepoint Uranium TSXV:PTU, Cameco Corp TSX:CCO and AREVA Resources Canada. Results for NexGens latest four holes, all land-based, show: HP-16-05 <500 to="" 890="" cps="" over="" 1.5="" metres,="" starting="" at="" 292="" metres="" in="" downhole="" depth="" hp-16-06=""><500 to="" 2,200="" cps="" over="" 1.5="" metres,="" starting="" at="" 303="" metres="" hp-16-08=""><500 to="">61,000 cps over 17 metres, starting at 220 metres HP-16-07 returned nothing of significance. True widths werent available. Calling HP-16-08 an extremely exciting development, CEO Leigh Curyer credited VP of exploration Garrett Ainsworth and his team for the success. The discovery has severely elevated the prospectivity of some of the other targets weve got along the Patterson [conductive] corridor, and we want to be able to test those as well, Curyer told a conference call. The seven-rig, 35,000-metre summer campaign has focused on both infill and expansion at Arrow, with about 25% of the program on regional targets. Harpoon has prompted the company to consider adding an eighth rig. The geophysics done on [the Derkson conductive corridor] show thats got multiple targets as well, which are identical to what were seeing at Arrow and what were learning about at Harpoon as well. We could be there for many, many years with seven drill rigs before we truly understand the magnitude of what were dealing with. Leigh Curyer, CEO of NexGen Energy Curyer noted the proximity of Fission Uraniums (TSX:FCU) Patterson Lake South to the southwest, as well as Spitfire to the northeast. Home to all the PLS discoveries so far, the Patterson corridor remains very under-drilled and weve got a lot of drilling to do until we ultimately understand the scale of the deposition, Curyer emphasized. Rook 1 is obviously massive and theres not a property like it that Im aware of on the planet. But he pointed out that Rook 1 hosts seven known corridors. Parallel east to Patterson is the Derkson corridor, and the geophysics done on that show thats got multiple targets as well, which are identical to what were seeing at Arrow and what were learning about at Harpoon as well. We could be there for many, many years with seven drill rigs before we truly understand the magnitude of what were dealing with. But suffice to say at the minimumits huge. If the company misses its H2 target for the Arrow resource update, the team will attribute that to continued drilling success, he added. A postponement to early 2017 might be necessary to do justice to the deposit. NexGens bankroll currently holds about $91 million. This article was posted by Greg Klein - Resource Clips on Thursday, August 11th, 2016 at 8:34 pm. Share | View All: News Stories About Us | Contact | Disclaimer all contents 2012 resourcelips.com link to resource clips - covering Canada's junior resource sector