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Nexgen Extends Arrow Discovery Zone. Second Hole Intersects Several Highly Anomalous Radioactive Zones, Rook I West, SW Athabasca Basin

Mar 13, 2014

Nexgen Extends Arrow Discovery Zone. Second Hole Intersects Several Highly Anomalous Radioactive Zones, Rook I West, SW Athabasca Basin

 

NexGen Energy Ltd. (TSX-V: NXE) has discovered further new zones of uranium mineralization within a second hole (RK-14-27) in the Arrow prospect at the Rook 1 project in the southwest Athabasca basin, extending the known zone of uranium mineralization down dip and along strike.

Highlights

  • Second drill hole at the "Arrow" Prospect, Rook I west area intersects several radioactive zones
  • Multiple sections of high cps total count gamma spectrometer readings including one zone totaling 15.05 meters (containing several intercepts greater than 10,000cps) of radioactive anomalism
  • Arrow mineralized zone is currently extended to a minimum 32 meters down dip across two holes
  • Structural interpretation validated

The first hole at Arrow, RK-14-21 (as previously reported on Sedar, February 24, 2014), was completed at 663.0m. It intersected uranium-mineralized brecciated structural zones over several zones downhole, including 26.2m from 204.8-231.0m, 0.6m from 318.5-319.1m, 26.8m from 517.9-544.5m, and 4.0m from 580.0-584.0m. Four further holes have been completed at Arrow (holes RK-14-24, -25, -26, and -27) (see Figure 1).

The most recent hole, RK-14-27, was completed to a depth of 576m. It intersected uraniferous structurally-disturbed zones similar to the zones in hole RK-14-21, and interpreted to be continuations of those zones. These include downhole radioactively anomalous intercepts in RK-14-27 of 0.25m from 224.45-224.70m, 15.05m from 240.65-255.70m (Figs 2 and 3), 1.25m from 359.20-360.45m, and 0.20m from 435.70-435.90m.

Andrew Browne, NexGen's Vice-President, Exploration and Development, commented, "The structural interpretation of uranium mineralized zones at Arrow has been validated. We are greatly encouraged by this confirmation of both along strike and down dip extensions, and by the preliminary thickness and strength of the radioactivity. Further drilling at Arrow is designed to continue to confirm the strike and dip extent of this newly discovered uranium mineralized prospect."

Leigh Curyer, NexGen's CEO commented, "Andrew Browne, James Sykes and Matthew Schwab (the core NexGen technical team) have done a terrific job in only the 5 holes drilled to date at Arrow. The arrival of a third drill rig for the summer program will significantly expedite the results and potential of Arrow and the other identified geophysical targets on the western section of Rook I."

As previously reported, the Arrow zone is structurally complex, with a range of basement lithologies having variable competency contrast. Hole 21 suffered a deviation from its planned trace apparently due to a combination of boulders in the glacial overburden and foliated basement. Holes RK-14-24, -25, and -26 were planned and drilled to ascertain the orientation of the dominant mineralized structures. While no major radiometric zones were intersected, analysis of structures in these holes meant that hole -27 was successfully planned to intersect the interpreted mineralized zones both along strike and down dip. The next follow up hole, RK-14-29, is planned a further 40m SW along strike to again intersect the interpreted mineralized Arrow zones.

Hole RK-14-27 has been probed radiometrically, using a Mt Sopris 2PGA-1000 total count natural gamma scintillometer probe (Fig 4). The significant radioactive zones have been measured using a hand-held Radiation Solutions Inc RS-125 spectrometer (Table 1), and this has confirmed that all radiometric activity is due to uranium. Currently, NexGen defines "significant" as a minimum of 5cm greater than 500 cps (counts per second). Note that the Radiation Solutions RS-125 spectrometer now used for core scanning is a different instrument to the Exploranium GR-110 previously used. The RS-125 spectrometer has a larger detector crystal than the Exploranium GR-110, but the total count gamma scan readings in counts per second (cps) are in the same range and it is used for qualitative indications of radioactive anomalism.

As in hole RK-14-21, the host lithology throughout most of hole RK-14-27 comprises variably chloritised medium/coarse-grained quartz-garnet-feldspar gneiss, with localized graphitic zones, shearing, brecciation, minor silicification, local dravitic clay veins, and clay alteration. All mineralized zones are being sampled for chemical analysis.

Hole RK-14-28 is in progress, and is designed to intersect the cause of the gravity low at Arrow.

              Table 1 Radioactively anomalous zones in RK-14-27

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                             Interval

              From       To        (m            Min            Max

Hole           (m)      (m) downhole)            cps            cps Comments

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RK-14-27    224.45   224.70      0.25  less than 500            600     0.25

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RK-14-27    239.45   239.70      0.25  less than 500            600     0.25

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RK-14-27    240.65   241.00      0.35            800           1000     2.35

 

RK-14-27    241.00   241.20      0.20           1000           2500

RK-14-27    241.20   241.55      0.35  less than 500           1000

RK-14-27    241.55   241.70      0.15           1000           1300

RK-14-27    241.70   242.00      0.30  less than 500           1000

RK-14-27    242.00   242.10      0.10           1400           1700

RK-14-27    242.10   242.30      0.20           1800           2400

RK-14-27    242.30   242.40      0.10           1100           1300

RK-14-27    242.40   242.55      0.15           1800           2000

RK-14-27    242.55   242.70      0.15           3000           3500

RK-14-27    242.70   242.85      0.15            550            650

RK-14-27    242.85   243.00      0.15  less than 500            550

                           -------------------------------------------------

RK-14-27    243.00   243.30      0.30                 less than 500

                           -------------------------------------------------

RK-14-27    243.30   243.40      0.10  less than 500            700     12.4

 

RK-14-27    243.40   243.75      0.35  less than 500            600

RK-14-27    243.75   243.85      0.10            600            700

RK-14-27    243.85   244.05      0.20            750            850

RK-14-27    244.05   244.20      0.15           1250           1500

                                                       greater than

RK-14-27    244.20   244.35      0.15           6100         10,000

                                        greater than   greater than

RK-14-27    244.35   244.50      0.15         10,000         10,000

RK-14-27    244.50   244.60      0.10           1700           2600

RK-14-27    244.60   244.80      0.20           1500           2100

RK-14-27    244.80   244.95      0.15           2200           3200

RK-14-27    244.95   245.15      0.20           3000           4500

RK-14-27    245.15   245.40      0.25           5500           7000

RK-14-27    245.40   245.50      0.10           4000           4500

RK-14-27    245.50   245.55      0.05            950           1200

RK-14-27    245.55   245.65      0.10            850            950

RK-14-27    245.65   245.95      0.30           1500           1800

RK-14-27    245.95   246.00      0.05           1000           1200

RK-14-27    246.00   246.20      0.20           2200           3000

RK-14-27    246.20   246.40      0.20           1100           1300

RK-14-27    246.40   246.55      0.15            800           1000

RK-14-27    246.55   246.85      0.30            500            850

RK-14-27    246.85   246.95      0.10           1000           1350

RK-14-27    246.95   247.15      0.20           1700           2000

RK-14-27    247.15   247.30      0.15           3500           4500

RK-14-27    247.30   247.50      0.20           6000           7000

                                                       greater than

RK-14-27    247.50   247.90      0.40           8000         10,000

RK-14-27    247.90   248.10      0.20           2500           4000

RK-14-27    248.10   248.30      0.20           3000           4200

RK-14-27    248.30   248.65      0.35           2500           3600

                                                      greater than

RK-14-27    248.65   248.85      0.20           9000         10,000

                                        greater than   greater than

RK-14-27    248.85   249.00      0.15         10,000         10,000

RK-14-27    249.00   249.20      0.20           1000           1300

RK-14-27    249.20   249.35      0.15           1400           1800

RK-14-27    249.35   249.45      0.10           4000           5000

RK-14-27    249.45   249.65      0.20           5500           8000

RK-14-27    249.65   249.75      0.10           3700           5200

RK-14-27    249.75   249.85      0.10           5500           9000

                                        greater than   greater than

RK-14-27    249.85   250.05      0.20         10,000         10,000

                                        greater than   greater than

RK-14-27    250.05   250.25      0.20         10,000         10,000

RK-14-27    250.25   250.35      0.10            900           1000

RK-14-27    250.35   250.65      0.30           1300           2000

RK-14-27    250.65   250.70      0.05           1000           1150

RK-14-27    250.70   250.85      0.15            850           1000

RK-14-27    250.85   250.95      0.10            700            750

RK-14-27    250.95   251.25      0.30            550            700

RK-14-27    251.25   251.55      0.30            800           1100

RK-14-27    251.55   251.65      0.10           2000           3000

RK-14-27    251.65   251.80      0.15           2500           4000

                                        greater than   greater than

RK-14-27    251.80   252.00      0.20         10,000         10,000

                                                       greater than

RK-14-27    252.00   252.40      0.40           7000         10,000

                                        greater than   greater than

RK-14-27    252.40   252.50      0.10         10,000         10,000

                                        greater than   greater than

RK-14-27    252.50   252.65      0.15         10,000         10,000

                                                       greater than

RK-14-27    252.65   252.95      0.30           7000         10,000

RK-14-27    252.95   253.15      0.20           4000           8000

                                                       greater than

RK-14-27    253.15   253.30      0.15           8000         10,000

                                        greater than   greater than

RK-14-27    253.30   253.40      0.10         10,000         10,000

                                        greater than   greater than

RK-14-27    253.40   253.50      0.10         10,000         10,000

                                        greater than   greater than

RK-14-27    253.50   253.95      0.45         10,000         10,000

RK-14-27    253.95   254.05      0.10            800           1200

                                        greater than   greater than

RK-14-27    254.05   254.15      0.10         10,000         10,000

                                        greater than   greater than

RK-14-27    254.15   254.25      0.10         10,000         10,000

RK-14-27    254.25   254.35      0.10           4000           5000

                                                       greater than

RK-14-27    254.35   254.50      0.15           7500         10,000

RK-14-27    254.50   254.70      0.20           2100           3600

RK-14-27    254.70   254.85      0.15            800           1200

RK-14-27    254.85   255.00      0.15            600            750

RK-14-27    255.00   255.70      0.70  less than 500            550

----------------------------------------------------------------------------

---------------------------

RK-14-27    260.40   260.55      0.15  less than 500            650     0.15

----------------------------------------------------------------------------

----------------------------------------------------------------------------

RK-14-27    359.20   359.55      0.35  less than 500            600     0.35

                           -------------------------------------------------

RK-14-27    359.55   360.00      0.45                 less than 500

                           -------------------------------------------------

RK-14-27    360.00   360.45      0.45            550            800     0.45

----------------------------------------------------------------------------

----------------------------------------------------------------------------

RK-14-27    435.70   435.90      0.20            600            700      0.2

----------------------------------------------------------------------------

(i) "Anomalous" means min 5cm at less than 500 cps (counts per second)

(ii) Total count gamma readings by gamma spectrometer type RS-125

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc RS-125 gamma-ray spectrometer, and a Mt Sopris 2PGA-1000 natural gamma probe. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals. All intersections are downhole. Core interval measurements and true thicknesses are yet to be determined.

Qualified Person

Andrew Browne, FAusIMM(CP), NexGen's Vice President, Exploration & Development, is a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has reviewed and approved the contents of this news release.

We seek Safe Harbor.

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