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Spring 2017

NexGen begins winter drill program at Rook I
NexGen Energy Ltd. (TSX: NXE) is pleased has commenced its winter 2017 drill program at the company’s Rook I Property in Saskatchewan’s Athabasca Basin.

The winter 2017 program will consist of a minimum 35,000 m of diamond drilling using seven drill rigs. Four drill rigs are now fully operational on the Arrow Deposit directed at continued expansion as well as delineation drilling. Three remaining rigs will commence drilling by the end of January 26, with an additional rig to be added on to Arrow (total of 5 rigs dedicated to Arrow expansion and delineation drilling), one rig on the northeast ZTEM target (600 m northeast of Arrow), and one rig on the southeast VTEM target (400 m southeast of Arrow). The winter 2017 program is budgeted at C$14M and is fully funded with cash on hand of approximately C$70M.

The three primary objectives of the winter 2017 drill program are:

  • Growth of the Arrow Deposit through continued aggressive step-out drilling focused on expanding known mineralization. This includes identifying new zones of mineralization by drilling large, untested portions of all of the Arroe shears both laterally and along strike.
  • Continued infill drilling at Arrow to tighten drill spacing from more than 50 m by 50 m down to 25 m by 25 m spacing in preparation of development studies and planning.
  • Assessment of high priority regional targets that are in close proximity to the Arrow Deposit including targeting potentially new shear zones northwest and southeast of Arrow.

Continued expansion of the Rook I camp, environmental and engineering studies will be carried out in conjunction with the winter drill program. The Rook I camp has undergone infrastructure expansion to accommodate increased activity and personnel.

Leigh Curyer, CEO, said, “This program is directed at further expanding and defining Arrow together with testing high priority regional targets beyond the updated Arrow mineral resource estimate scheduled for late Q1/Q2 (which is based on drilling completed to the end of 2016). Also, environmental and engineering studies are advancing throughout 2017, which will be incorporated into feasibility studies in the future.”

 

Spring 2017 News:
• Kennady, NexGen co-win Exploration Co. of the Year award at Mines & Money 
• Mosaic says Colonsay potash mine to resume production 
• Fleming College Forestry program celebrates 50 years with alumni reunion
• Forestry companies partner to improve wetland management
• Sabina Gold & Silver Corp optimistic on Black River
• CEMI partners with Pattern Discovery and Wireless Sensor Networks 
• NexGen begins winter drill program at Rook I

• EACOM invests over $13M in Elk Lake Sawmill
• Wesdome drills at Wawa
• NWT welcomes new road announcement
• Mining revenues fall in NWT and rise in Nunavut
• International Lithium/Pioneer Resources announce completion of drilling at Mavis Lake
• First Nations sign Shared Territory Protocol Agreement

 

 
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