NexGen Energy (TSX:NXE) has reported assay results for four holes from its recently completed winter 2016 drilling program on its 100 percent owned Rook I projecet in the Athabasca Basin in Saskatchewan.
As quoted in the press release:
Highlights: A1 Shear The discovery of substantial mineralization in the A1 shear has now been confirmed in two holes.
• AR-16-84c1 (discovery hole) intersected 28.5 m at 2.13% U3O8 including 11.0 m at 3.99% U3O8 and an additional 18.0 m at 0.98% U3O8 in the A1 shear.
The A1 shear remains mostly untested, and is already host to mineralization over a strike length of 360 m. Assays from hole AR-16-84c1 which represent a total composite grade x thickness (“GT”) of 79 add to the already released results from hole AR-16-84c3 which was drilled 33 m down-dip and southwest from hole – 84c1 and intersected 13.0 m at 1.39% U3O8 (see News Release dated July 19, 2016).
Furthermore, holes AR-16-91c3 and -91c4 have assays pending and both encountered significant visible uranium mineralization including 49.5 m of total composite mineralization including 5.0 m of off-scale radioactivity in hole -91c3 and 87.0 m of total composite mineralization including 4.1 m of off-scale radioactivity in hole -91c4 (see News Release dated July 13, 2016).
The new high grade discovery zone in the A1 is wide open to the northeast (Figure 1). It will be a primary focus of the 35,000 m summer drill campaign as the Company aggressively pursues resource growth opportunities through continued infill, expansion and discoveries at Arrow and the Rook I project.