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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 18, 2016 2:36pm
189 Views
Post# 25482369

RE:RE:Drill hole spacing of 25 m x 25 m or less.

RE:RE:Drill hole spacing of 25 m x 25 m or less.
aett258 wrote:  Does this qualify as INDICATED? I read that Indicated Resources are defined where drill spacing is 25m x 25m



In NXE's case, yes. that is because of the uniformity and continuity of mineralization hs been established and confirmed by infill drilling. In comparison, FCU needs a tighter drilling pattern because mineralization at PLS is much more pod like, discontinuous and with little to no continuity between drill holes. Even at FCU's tight drill spacing, with the high percentage of vertical holes, I suspect the grade and resource is vastly overstated. Many more angle drill holes are required to better determine real grade. 
Bullboard Posts