Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

  • Advanced Search
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Hamburger menu
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO
    • Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Multichannel Amplification
  • Monitoring
  • Distribution
  • Multimedia
  • Guaranteed Paid Placement
  • AI Tools
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

NexGen Energy Ltd. - Hole AR-16-81c3 Returns 23.0 m at 17.19% U3O8 including 5.0 m at 49.27% U3O8 including High Grade Gold at the Arrow Deposit


News provided by

NexGen Energy Ltd.

Jul 19, 2016, 06:30 ET

Share this article

Share toX

Share this article

Share toX

VANCOUVER, July 19, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE) is pleased to report assay results for 8 holes from our recently completed winter 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.

Highlights:

A2 Sub-Zone

Extensive and continuous high grade uranium mineralization in the higher grade A2 sub-zone (the "Sub-Zone) is confirmed with 2 assay results reported herein.

  • AR-16-81c3 (127 m up-dip and southwest from AR-15-44b) intersected 23.0 m at 17.19% U3O8 including 9.5 m at 39.82% U3O8 and 5.0 m at 49.27% U3O8.
  • AR-16-86c1 (84 m up-dip and southwest from AR-15-44b) intersected 44.5 m at 8.85% U3O8 including 19.0 m at 20.40% U3O8 and 5.0 m at 39.52% U3O8.

A2 Shear High Grade Domain

  • AR-16-80c4 (110 m up-dip and southwest from AR-15-44b) intersected 25.0 m at 6.38% U3O8 including 10.0 m at 14.66% U3O8.
  • AR-16-84c2 (33 m up-dip and northeast from AR-15-44b) intersected 39.0 m at 2.10% U3O8 including 18.5 m at 4.27% U3O8.
  • AR-16-84c3 (34 m up-dip and northeast from AR-15-44b) intersected 31.0 m at 3.26% U3O8 including 18.0 m at 5.58% U3O8 and 6.5 m at 10.89% U3O8.
  • AR-16-85c1 (90 m up-dip and southwest from AR-15-44b) intersected 24.0 m at 4.40% U3O8 including 3.5 m at 29.15% U3O8.

Substantial mineralization was intersected completely outside the current boundary of the A2 high grade domain in six holes (Figure 1). There is significant potential for continued expansion and this will be a focus of the 35,000 m summer drilling program.

High Grade Gold

High grade assays intersected in the A2 shear also contain high grade gold and silver values, with individual 0.5 m samples ranging from below detection limits up to 90.4 g/t Au and 418 g/t Ag (Table 1). Hole AR-16-81c3 returned 9.5 m at 7.9 g/t Au and AR-16-86c1 returned 20.4 m at 1.9 g/t Au. Also of significant importance, geochemical analyses continue to show very low concentrations of deleterious elements (arsenic, antimony, selenium), which is a favourable characteristic for processing of uranium ores in the Athabasca Basin.

A three-dimensional view of the A2 High Grade Domain, a plan map, and the A2 long section are shown in Figures 1 to 3.

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 imminently.
  • The Company has cash on hand of approximately $100 million.

Garrett Ainsworth, Vice-President, Exploration and Development, commented "Our winter drilling program has exceeded all of our expectations. As shown in Figure 1, drill holes -81c3 and -86c1 are on the very edges of the A2 high grade domain where substantial intervals of high grade uranium are completely outside the high grade domain. We look forward to delivering continued success throughout the summer program and beyond."

Leigh Curyer, Chief Executive Officer commented: "Assay results today continue to show the robustness of the A2 Sub-Zone which continuously returns high uranium grades on a world scale. These results are also inclusive of significant gold values and very low deleterious elements which is a favourable characteristic for processing of uranium ores in the Athabasca Basin."

Table 1: Selected A2 Shear Assay Results

Drill Hole

SRC Geoanalytical Results

Hole ID

From
(m)

To
(m)

Interval
(m)

U3O8
(wt%)

Au
(g/t)

Ag
(g/t)

Cu
(wt%)

Mo
(wt%)

As
(wt%)

Sb
(wt%)

Se
(wt%)

AR-16-80c4

incl.

529.0

554.0

25.0

6.38

1.1

37.8

0.07

0.18

<0.01

<0.01

<0.01

536.0

546.0

10.0

14.66

2.4

73.7

0.04

0.28

0.01

<0.01

0.01

AR-16-81c3

incl.

incl.

incl.

546.0

569.0

23.0

17.19

3.4

77.5

0.25

0.20

0.02

<0.01

0.01

553.5

563.0

9.5

39.82

7.9

163.9

0.57

0.23

0.03

<0.01

0.02

555.0

560.0

5.0

49.27

10.7

210.3

0.85

0.24

0.04

<0.01

0.02

559.5

560.0

0.5

43.20

90.4

209.0

0.61

0.19

0.01

<0.01

0.02

AR-16-84c2

incl.

535.5

574.5

39.0

2.10

0.3

11.2

0.05

0.04

<0.01

<0.01

<0.01

554.0

572.5

18.5

4.27

0.5

18.9

0.05

0.04

0.01

<0.01

<0.01

AR-16-84c3

incl.

incl.

540.0

571.0

31.0

3.26

0.2

18.1

0.08

0.05

0.01

<0.01

<0.01

548.5

566.5

18.0

5.58

0.3

28.6

0.12

0.05

0.02

<0.01

0.01

560.0

566.5

6.5

10.89

0.6

54.4

0.25

0.12

0.03

<0.01

0.01

AR-16-85c1

incl.

incl.

460.0

484.0

24.0

4.40

0.2

37.5

0.01

0.01

0.05

<0.01

<0.01

465.5

469.0

3.5

29.15

0.9

252.0

0.05

0.04

0.29

<0.01

<0.01

467.0

467.5

0.5

49.00

0.8

418.0

0.04

0.03

0.25

<0.01

<0.01

AR-16-86c1

incl.

incl.

402.0

446.5

44.5

8.85

0.9

49.0

0.05

0.13

0.05

<0.01

0.01

423.5

442.5

19.0

20.40

1.9

113.1

0.11

0.28

0.10

<0.01

0.03

428.5

433.5

5.0

39.52

1.0

199.2

0.05

0.22

0.24

<0.01

0.03

Composite parameters:

  • Minimum thickness 0.5 m downhole
  • Cutoff grade 0.01% U3O8
  • Maximum internal dilution 2.00 m downhole
  • U3O8, Ag, Cu, Mo analyzed by ICP-OES, Au analyzed by fire assay, As, Sb, Se analyzed by ICP-MS at SRC Geoanalytical Laboratories, Saskatoon, Saskatchewan.
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined

Table 2: Arrow Deposit Assay Results




Drill Hole

Athabasca Group -
Basement
Unconformity Depth
(m)

SRC Geoanalytical Results

Hole ID

Azimuth

Dip

Total
Depth
(m)

From (m)

To (m)

Interval
(m)

U3O8 (wt%)

AR-16-80c3

147

-70

585.00

120.20

450.50

452.00

1.50

0.05






469.00

471.00

2.00

0.85






474.00

509.00

35.00

0.70






515.00

520.00

5.00

0.04






537.50

554.00

16.50

0.16






556.50

560.00

3.50

0.08






568.00

578.00

10.00

0.06

AR-16-80c4

147

-70

618.00

120.20

487.50

493.00

5.50

0.10






496.00

508.50

12.50

0.40






511.00

526.00

15.00

0.89






529.00

554.00

25.00

6.38





incl.

536.00

546.00

10.00

14.66






571.00

588.00

17.00

0.08






602.50

605.00

2.50

0.04

AR-16-81c3

145

-69

932.00

111.00

513.50

518.50

5.00

0.19






521.00

531.50

10.50

0.22






535.50

539.50

4.00

0.05






546.00

569.00

23.00

17.19





incl.

553.50

563.00

9.50

39.82





incl.

555.00

560.00

5.00

49.27






594.50

595.50

1.00

0.05






604.50

611.00

6.50

0.13






614.00

615.50

1.50

0.02






620.00

622.00

2.00

0.10






628.00

629.00

1.00

0.03






634.00

636.00

2.00

0.10






645.00

650.50

5.50

0.14






661.50

679.00

17.50

0.13






698.00

698.50

0.50

0.03






704.00

713.00

9.00

0.27






717.00

718.00

1.00

0.10






725.00

730.00

5.00

0.02






764.50

771.00

6.50

0.05






782.00

783.00

1.00

0.02






804.50

805.50

1.00

0.04






817.50

830.00

12.50

0.06






833.50

834.50

1.00

0.07






839.50

849.00

9.50

0.05






894.00

899.00

5.00

0.76






904.50

906.00

1.50

0.04

AR-16-84c2

315

-71

864.00

127.00

409.00

413.00

4.00

0.11






417.00

425.50

8.50

0.05






440.50

445.00

4.50

0.01






448.50

452.00

3.50

0.02






458.50

459.50

1.00

0.04






469.50

484.50

15.00

0.04






487.00

493.00

6.00

0.06






499.50

500.00

0.50

0.04






514.00

523.00

9.00

0.11






535.50

574.50

39.00

2.10





incl.

554.00

572.50

18.50

4.27






580.00

581.50

1.50

0.58






584.50

590.00

5.50

1.12






595.00

597.50

2.50

0.04






612.00

617.50

5.50

0.03






624.00

625.50

1.50

0.05






672.00

686.00

14.00

0.07






689.00

690.00

1.00

0.01






694.50

711.50

17.00

0.04

AR-16-84c3

315

-71

813.00

127.00

419.50

423.50

4.00

0.04






427.00

427.50

0.50

0.03






433.00

445.00

12.00

0.04






452.00

453.50

1.50

0.18






457.50

460.50

3.00

0.04






465.50

466.50

1.00

0.02






472.50

485.00

12.50

0.03






490.00

496.50

6.50

0.03






501.00

513.00

12.00

0.02






540.00

571.00

31.00

3.26





incl.

548.50

566.50

18.00

5.58





incl.

560.00

566.50

6.50

10.89






576.00

581.00

5.00

1.76






585.00

586.00

1.00

0.06






588.50

593.50

5.00

0.15






677.50

680.00

2.50

0.26






692.00

698.50

6.50

0.11






704.00

717.00

13.00

1.39






719.50

733.50

14.00

0.35






739.50

744.00

4.50

0.03






763.50

772.50

9.00

0.03

AR-16-85c1

143

-70

978.00

114.40

404.50

405.00

0.50

0.10






410.00

410.50

0.50

0.08






416.50

418.00

1.50

0.09






430.50

444.50

14.00

0.03






460.00

484.00

24.00

4.40





incl.

465.50

469.00

3.50

29.15






590.00

599.00

9.00

0.03






636.00

643.50

7.50

0.04






646.00

653.50

7.50

0.03






660.00

660.50

0.50

0.06






663.00

674.50

11.50

0.53






677.00

682.00

5.00

0.02






702.50

709.00

6.50

0.01






731.50

735.00

3.50

0.05






816.00

817.00

1.00

0.20






825.00

832.00

7.00

0.13






835.50

838.50

3.00

0.40






851.00

852.50

1.50

0.05






864.50

875.50

11.00

0.06






878.50

879.00

0.50

0.16






893.00

895.50

2.50

0.12






921.00

922.00

1.00

0.05






940.00

942.00

2.00

0.10






954.50

955.00

0.50

0.15

AR-16-85c2

143

-70

606.00

114.40

428.00

472.00

44.00

0.37






475.00

495.50

20.50

0.05






529.00

532.00

3.00

0.01






579.50

581.50

2.00

0.02






599.50

601.00

1.50

0.02

AR-16-86c1

142

-71

897.00

110.50

402.00

446.50

44.50

8.85





incl.

423.50

442.50

19.00

20.40





incl.

428.50

433.50

5.00

39.52






449.00

488.00

39.00

0.10






494.00

503.50

9.50

0.11






513.50

520.00

6.50

0.03






560.00

566.00

6.00

0.04






571.00

625.00

54.00

0.10






630.00

632.50

2.50

0.01






637.00

665.00

28.00

0.26






670.00

671.00

1.00

0.05






680.50

692.50

12.00

0.15






696.50

719.00

22.50

0.32






722.50

726.50

4.00

0.93






729.00

730.00

1.00

0.07






744.00

756.00

12.00

0.33






758.50

760.00

1.50

0.07






767.50

769.00

1.50

0.30






817.00

824.50

7.50

0.51






829.50

845.50

16.00

0.74

Composite parameters:

  • Minimum thickness 0.5 m downhole
  • Cutoff grade 0.01% U3O8
  • Maximum internal dilution 2.00 m downhole
  • U3O8 analyzed by ICP-OES at SRC Laboratories, Saskatoon, Saskatchewan
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined

Split core samples were taken systematically, and intervals were submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples were 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 were analyzed for U3O8 by ICP-OES and selected samples for gold by fire assay.

All assay batches reported herein are subjected to and have passed rigorous internal QA/QC protocols that include, but are not limited to, the blind  insertion of standard reference materials, blank materials and field duplicates into the sample stream at both random and systematic intervals.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has an experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.

NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow discovery in February 2014 and the Bow discovery, 3.7 km along trend and northeast of Arrow, in March 2015 The Arrow Deposit's maiden Inferred mineral resource estimate is 201.9 M lbs U3O8 contained in 3.48 M tonnes grading 2.63% U3O8 . 

Technical Information

All scientific and technical information in this news release has been prepared by or reviewed and approved by Mr. Garrett Ainsworth, P.Geo., Vice President – Exploration & Development for NexGen. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the mineral resource set forth above please refer to the technical report entitled "Technical Report on the Rook 1 Property, Saskatchewan, Canada" dated effective April 13, 2016 (the "Rook 1 Technical Report") prepared by Mark B. Mathisen and David Ross, each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.  "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities and preparation and release of an updated mineral resource estimate. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, pending assay results may not be consistent with preliminary results, alternative sources of energy, aboriginal title and consultation issues, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.  The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

Image with caption: "Figure 1: Three-Dimensional View of the A2 High Grade Domain (CNW Group/NexGen Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20160719_C5083_PHOTO_EN_737152.jpg

Image with caption: "Figure 2: Arrow Deposit Drill Hole Locations (CNW Group/NexGen Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20160719_C5083_PHOTO_EN_737154.jpg

Image with caption: "Figure 3: A2 Mineralized Shear Long Section (Close Up of Sub-Zone) (CNW Group/NexGen Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20160719_C5083_PHOTO_EN_737156.jpg

Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, [email protected], www.nexgenenergy.ca; Travis McPherson, Corporate Development Manager, NexGen Energy Ltd., +1 604 428 4112, [email protected], http://www.nexgenenergy.ca

Modal title

Organization Profile

NexGen Energy Ltd.

    Also from this source

  • NexGen Announces Best Ever Discovery-Phase Intercept At Rook I Property

  • NexGen Receives CNSC Commission Hearing Dates for the Rook I Project

  • NexGen Energy to Host 2024 Year End Conference Call

Contact Cision

  • 866-245-2317
    from 8 AM - 10 PM ET
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media

Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2025 CNW Group Ltd. All Rights Reserved. A Cision company.