Welcome!

News Feed Item

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

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/13/14 --

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 mineralised zone is currently extended to a minimum 32 meters down
    dip across two holes 
    
--  Structural interpretation validated 

NexGen Energy Ltd. (TSX VENTURE:NXE) ("NexGen" or the "Company") is pleased to announce the discovery of further new zones of uranium mineralisation within a second hole (RK-14-27) in the Arrow prospect, Rook 1 project in the SW Athabasca Basin, extending the known zone of uranium mineralisation down dip and along strike.

The first hole at Arrow, RK-14-21 (as previously reported on Sedar, February 24, 2014), was completed at 663.0m. It intersected uranium-mineralised 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 mineralised 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 mineralised 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 mineralised 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 mineralised 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 mineralised 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 mineralised 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.

To view Figures 1-4, please visit the following link: http://media3.marketwire.com/docs/933100_F1-4.pdf.


              Table 1 Radioactively anomalous zones in RK-14-27             
                                                                            
----------------------------------------------------------------------------
                             Interval                                       
              From       To        (m            Min            Max         
Hole           (m)      (m) downhole)            cps            cps Comments
----------------------------------------------------------------------------
RK-14-27    224.45   224.70      0.25  less than 500            600     0.25
----------------------------------------------------------------------------
RK-14-27    239.45   239.70      0.25  less than 500            600     0.25
----------------------------------------------------------------------------
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.

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 uranium deposits in Canada.

NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including, an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit and a 100% interest in Rook 1, immediately adjacent to the north east of Patterson Lake South.

The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, but not always, forward looking information is identifiable by the use of words such as "will" and planned" and similar expressions. Forward-looking information is based on the then current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. Such information is not a guarantee of future performance and undue reliance should not be placed on forward-looking information. Assumptions and factors underlying the Company's expectations regarding forward-looking information contained herein include, among others: that general business and economic conditions will not change in a material adverse manner; that financing will be available if and when needed on reasonable terms; that the Company's current exploration activities can be achieved and that its other corporate activities will proceed as expected; 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 are considered reasonable by management at the time the forward-looking information is given, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information also involves 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, including, among others: risks related to the availability of financing on commercially reasonable terms and the expected use of the proceeds; changes in the market; potential downturns in economic conditions; industry conditions; actual results of exploration activities being different than anticipated; changes in exploration programs based upon results of exploration; future prices of metal; 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 or financing. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. NexGen 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. The reader is cautioned not to place undue reliance on forward-looking information.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, will give users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion w...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
SYS-CON Events announced today that (ISC)²® (“ISC-squared”) will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Two leading non-profits focused on cloud and information security, (ISC)² and Cloud Security Alliance (CSA), developed the Certified Cloud Security Professional (CCSP) certification to address the increased demand for cloud security expertise due to rapid growth in cloud. Recently named “The Next...
The Art of DevOps provides a fun overview to help teams understand DevOps. Written in the style of the famous 6th century Chinese manuscript “The Art of War,” this eBook describes DevOps in the form of a mission to continuously deliver assets to the operational battlegrounds safely, securely, and quickly. It’s a fun read with valuable insights.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, will discuss how the ability to access and analyze the massive volume of streaming data from mil...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
WebSocket is effectively a persistent and fat pipe that is compatible with a standard web infrastructure; a "TCP for the Web." If you think of WebSocket in this light, there are other more hugely interesting applications of WebSocket than just simply sending data to a browser. In his session at 18th Cloud Expo, Frank Greco, Director of Technology for Kaazing Corporation, will compare other modern web connectivity methods such as HTTP/2, HTTP Streaming, Server-Sent Events and new W3C event APIs ...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...