Welcome to the Nexgen Energy Hub On AGORACOM
Click "edit fast facts" to make changes
Message: January 05, 2015 NexGen has commenced 18,000m drilling program at the Arrow High
|
|
|
|
Vancouver, BC - January 5, 2015 - NexGen Energy Ltd. (NXE:TSXV) ("NexGen" or the "Company") is pleased to announce that drilling is underway at the 100% owned Arrow zone, Rook I property, located in the southwest part of Saskatchewan's Athabasca Basin. The winter 2015 drill program will utilize three diamond drill rigs. Two rigs are presently drilling at the Arrow zone, and will exclusively focus on this land based high-grade, basement hosted uranium discovery. The third drill rig will be deployed around January 15th to target northeast and southwest from Arrow along the Patterson Conductor Corridor which is 7km in strike length through the western section of Rook I (see figure 1), and several other high-priority regional geophysical targets that show similar geophysical signatures to that of the Arrow discovery area. Arrow is just within the border of the Athabasca Basin, entirely on land and can be predominantly drilled all year round. The EM conductor hosting the Arrow zone trends to the northeast beneath shallow portions of Patterson Lake, which will be tested this winter on the lake ice. Drill fence sections, scissors and vertical drill holes will be completed at the Arrow zone in order to further understand and model the geometries and controls on the high-grade uranium mineralization. The exploration target at Arrow ranges from shallow to deeper, high-grade uranium mineralization hosted in basement rocks starting at approximately 100 meters below surface (ie. below glacial till, Cretaceous mudstone, Devonian sandstone, and Athabasca Group). The Rook I property is prospective both in the immediate area of the Arrow discovery, and further along strike (4 km to the NE and 3 km to the SW) from Arrow which is open for potential expansion in all directions. Rook I straddles the edge of the Athabasca Basin boundary which gives rise to additional unconformity-style and sandstone hosted mineralization targets with a plethora of northeasterly striking EM conductors existing within largely untested corridors (Derkson, R-Seven, Morrow, Mirror, Laurie) that show favourable breaks and flexures within coincident gravity and magnetic lows. Figure 1: Rook I Western Section, Arrow Discovery, Patterson Conductor Corridor  About NexGen NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of exploration professionals with a track record in the discovery of unconformity-style and basement hosted uranium deposits in Canada. NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook 1, location of the Arrow Discovery, and an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of NexGen Energy Ltd., by Garrett Ainsworth, P.Geo., Vice President - Exploration & Development, a qualified person. Leigh Curyer, Chief Executive Officer NexGen Energy Ltd. +1 604 428 4112 lcuryer@nexgenenergy.ca www.nexgenenergy.ca |
New Message
Please
login
to post a reply