NexGen Energy (TSX-V:NXE, StockForum), a Vancouver-based firm engaged in the acquisition, exploration and development of early stage uranium properties, announced results from its second drill at the “Arrow” prospect, Rook 1 west area located in the SW Athabasca Basin.
According to the news release, the company intersected several highly anomalous radioactive zones with various sections possessing high cps total count gamma spectrometer readings including one zone hitting 15.05 metres of radioactive anomalism with several intercepts over 10,000 cps.
With said results, NexGen has extended the Arrow mineralized zone to a minimum of 32 metres down dip between the two holes.
NexGen was in the news recently when the company filed a preliminary short form prospectus.
Shares climbed 7.69% on the news to $0.56 per share.
Currently there are 139.5m outstanding shares with a market cap of $78.2 million.