URANIUM: NexGen releases winter results, begins summer program

NexGen's summer drilling program is aimed at resource growth. (Credit: NexGen Energy)

SASKATCHEWAN - Vancouver-based NexGen Energy has released the results of its winter drilling program at the Rook I property in the Athabasca Basin. The work points toward resource expansion at several locations.

One in-fill hole at A2 intersected 33.0 metres at 4.58% uranium oxide including 10.0 metres at 8.78%. Another cut 49.0 metres at 2.93% U3O8 including 12.0 metres at 10.35%. Grades from the A3 in-fill holes were 2.30% U3O8 over 29.0 metres including 13.46% over 4.0 metres.

Step-out drilling from the A2 high grade domain were also promising. One hole assayed 1.27% U3O8 over 62.0 metres including 5.13% over 12.0 metres.

Results from the northeast gap A2 and A3 expansion drilling are promising, as well. One hole cut 43.0 metres of 1.19% U3O8 including 18.0 metres at 2.43%. A separate hole intersected 12.5 metres at 1.51%.

NexGen is working on a preliminary economic assessment for the Arrow deposit at Rook I. Meanwhile, drilling will continued to grow the inferred and indicated resources. Geotechnical, hydrogeological, metallurgical and environmental surveys are also planned.

Detailed drilling results are available at www.NexGenEnergy.ca.