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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
Post by bloomfield18on Mar 10, 2017 11:37pm
317 Views
Post# 25967237

A2 zone 50 cubic meters

A2 zone 50 cubic meters OK this is finally it. It's like trying to solve a tough crossword. Although pitchblende UO2 has an s.g. of 10.96 (it varies in a range), we know that U3O8 has an s.g. of 8.3.

164,900,000 lb of 18.84% U3O8 weighs 74,797,382 kg
74,797,382 kg / 8,300 kg/m3 = 9,012 m3

entire high grade zone consists of 400,000 tonnes. This means the host basement gneiss weighs 325,157 tonnes. I'll assign an s.g. for granodioritic gneiss of around 2.78.

325,157 tonnes / 2.78 s.g. = 116,963 m3

116,963 m3 gneiss + 9,012 m3 U3O8 = 123,925 m3 for the entire A2 high grade shear zone.

that is equal to a cube 50.1 m3. So, we're still looking at a very tiny area. Of course the high grade zone is not a cube, but it does provide a sense of proportion. Drilling here is kind of like threading the needle. Just a few meters either way, and you can miss the biggest uranium target of your life. 


Bullboard Posts