VANCOUVER, May 5, 2016 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSXV:NXE,
OTCQX:NXGEF) is pleased to report assay results for thirteen
angled holes from our highly successful winter 2016 drilling
program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan.
Hole AR-16-76c1 has intersected 67.5 m at 11.29%
U3O8 in the higher grade A2 sub-zone (the
"Sub-Zone"). The intercept includes 9.0 m at 51.35%
U3O8 and 0.5 m at 79.80%
U3O8 which represents a continuous
grade x thickness ("GT") of 762, the second best at the Arrow
Deposit to date. Drill hole -76c1 intercepted the near vertically
dipping mineralization at a shallow inclination of -65°.
All five drill holes reported in this release and
drilled into the Sub-Zone have returned strong and broad intercepts
of high grade mineralization (as determined by a total composite GT
of >200) confirming strong continuity of the High Grade
Domain.
In addition, holes AR-16-63c3, AR-16-64c3, AR-16-72c2 and
AR-16-74c1 all intersected high grade uranium mineralization in the
Sub-Zone. Assay results from AR-16-72c2 were higher than
anticipated from the radioactivity results, and as such, the hole
is now being included within the Sub-Zone.
Highlights:
A2 Sub-Zone
- AR-16-76c1 (70 m up-dip and to the southwest from
AR-15-44b) intersected 67.5 m at 11.29%
U3O8 (441.0 to 508.5 m) including 9.0
m at 51.35% U3O8 (496.0 to
505.0 m) and 0.5 m at 79.80%
U3O8 (497.0 to 497.5 m).
- AR-16-63c3 (37 m up-dip and to the southwest from
AR-15-44b) intersected 15.0 m at 8.28%
U3O8 (466.0 to 481.0 m) and an additional
119.0 m at 2.30%
U3O8 (488.0 to 607.0 m).
- AR-16-64c3 (20 m down-dip and to the northeast from
AR-15-44b) intersected 28.0 m at 6.14%
U3O8 (504.0 to 532.0 m) including 14.0
m at 10.30% U3O8 (510.5 to
524.5 m) and an additional 26.5 m at 3.48%
U3O8 (536.0 to 562.5 m).
- AR-16-72c2 (60 m down-dip and to the northeast from
AR-15-44b) intersected 33.0 m at 4.65%
U3O8 (564.5 to 598.0 m) and an additional
11.0 m at 4.08%
U3O8 (674.0 to 685.0 m).
- AR-16-74c1 (14m down-dip and to the southwest from
AR-15-44b) intersected 47.0 m at 3.41%
U3O8 (532.5 to 585.5 m) and an additional
16.0 m at 2.21% U3O8 (588.0
to 604.0 m).
Table 1: Higher Grade A2
Sub-Zone Angled Drill Holes
2015
|
AR-15-
59c22
|
AR-15-
54c12
|
AR-15-
58c12
|
AR-15-
622
|
AR-15-
44b2
|
AR-15-
49c22
|
AR-15-
57c32
|
Total composite
mineralization =
|
75.50 m
|
42.00 m
|
86.00 m
|
143.00 m
|
135.60 m
|
73.50 m
|
62.50 m
|
Total Off-scale
(>10,000 to 29,999 cps)3 =
|
11.40 m
|
5.90 m
|
14.30 m
|
17.75 m
|
30.25 m
|
15.70 m
|
4.40 m
|
Total Off-scale
(>30,000 to 60,999 cps)3 =
|
4.50 m
|
3.00 m
|
3.85 m
|
10.60 m
|
7.75 m
|
5.20 m
|
2.50 m
|
Total Off-scale
(>61,000 cps)3 =
|
1.00 m
|
0.50 m
|
2.00 m
|
2.00 m
|
1.50 m
|
2.15 m
|
1.80 m
|
Continuous GT (Grade
x Thickness) =
|
371
|
277
|
200 and
345
|
787
|
655
|
605
|
319
|
2016
|
AR-16-
76c41
|
AR-16-
76c11
|
AR-16-
76c31
|
AR-16-
63c12
|
AR-16-
63c31
|
AR-16-
74c11
|
AR-16-
63c22
|
AR-16-
64c31
|
AR-16-
64c22
|
AR-16-
64c12
|
AR-16-
72c21
|
AR-16-
78c11
|
AR-16-
78c41
|
Total composite
mineralization =
|
105.70 m
|
73.50
m
|
67.50 m
|
55.50 m
|
147.0
m
|
88.00
m
|
138.0 m
|
102.0
m
|
76.00 m
|
74.00 m
|
93.00
m
|
64.00 m
|
120.50 m
|
Total Off-scale
(>10,000 to 29,999 cps)3 =
|
19.85 m
|
14.75
m
|
14.85 m
|
6.85 m
|
22.10
m
|
21.20
m
|
17.10 m
|
18.75
m
|
15.95 m
|
10.30 m
|
6.95
m
|
11.60 m
|
25.75 m
|
Total Off-scale
(>30,000 to 60,999 cps)3 =
|
1.00 m
|
2.75
m
|
5.00 m
|
0.50 m
|
3.00
m
|
1.15
m
|
9.90 m
|
2.50
m
|
4.70 m
|
3.70 m
|
0.50
m
|
3.00 m
|
6.15 m
|
Total Off-scale
(>61,000 cps)3 =
|
0.00 m
|
5.25
m
|
4.50 m
|
0.00 m
|
0.50
m
|
0.00
m
|
13.85 m
|
0.00
m
|
5.50 m
|
0.00 m
|
1.70
m
|
2.50 m
|
5.50 m
|
Continuous GT (Grade
x Thickness) =
|
Assays
Pending
|
762
|
Assays
Pending
|
203
|
274 and
124
|
160 and
35
|
638 and
604
|
172 and
92
|
541
|
338
|
156 and
45
|
Assays
Pending
|
Assays
Pending
|
1
radioactivity results previously released
|
2
radioactivity and assays results previously
released
|
3
minimum radioactivity using RS-120 gamma
spectrometer
|
Arrow, Activities & Financial
- The land-based and basement hosted Arrow zone currently covers
an area of 865 m by 280 m with a vertical extent of
mineralization commencing from 100 m to 920 m, and remains
open in all directions and at depth.
- The winter 2016 drill program officially ended on April 18th with 30,744 m
completed. Five drill rigs continue in full operation, which
will reduce to three rigs during our current spring 2016 drill
program that will comprise 7,500 m of drilling.
- The Company remains on track for release of an updated NI
43-101 resource estimate on the Arrow deposit due in the second
half of 2016.
- The Company has cash on hand of $30M.
A three-dimensional view of the A2 Sub-Zone, drill hole
locations and the A2 and A3 long sections are shown in Figures 1 to
5. Table 2 shows assay results.
Garrett Ainsworth,
Vice-President, Exploration and Development, commented: "Hole
AR-16-76c1 takes its place as one of the best drill holes on public
record in the Athabasca Basin with
a continuous GT of 762. The expansion potential at Arrow is
evident as we continue to observe drill holes with substantial high
grade intervals located outside of the A2 high grade domain as
shown in Figure 1."
Leigh Curyer, Chief Executive Officer commented: "This batch of
assay results continues to exceed our expectations, and showcases
the strength of the Arrow deposit. The continuity of this
high grade domain continues to prove itself by the fact that all
five holes reported in the Sub-Zone hit broad high grade
intercepts. While we continue to transition into the spring
season, we look forward to returning the pending assays from winter
including four from the Sub-Zone as well as focusing on new areas
of the deposit and along trend from it."
Table 2: Arrow
Deposit Assay Results
|
|
|
|
|
Drill
Hole
|
Athabasca
Group -
Basement
Unconformity
Depth (m)
|
SRC Geoanalytical
Results
|
Grade
(U3O8%) x
Thickness (m)
(GT)
|
Hole
ID
|
Azimuth
|
Dip
|
Total
Depth
(m)
|
From
(m)
|
To
(m)
|
Interval
(m)
|
U3O8
(wt%)
|
AR-16-59c6
|
153
|
-76
|
870.00
|
102.20
|
768.00
|
769.00
|
1.00
|
0.02
|
0.02
|
|
|
|
|
|
777.50
|
799.00
|
21.50
|
0.11
|
2.29
|
|
|
|
|
|
817.00
|
822.50
|
5.50
|
0.14
|
0.75
|
|
|
|
|
|
826.50
|
835.00
|
8.50
|
3.95
|
33.55
|
AR-16-61c3
|
140
|
-74
|
921.00
|
110.30
|
526.50
|
527.00
|
0.50
|
0.01
|
0.01
|
|
|
|
|
|
541.50
|
546.50
|
5.00
|
0.02
|
0.10
|
|
|
|
|
|
549.00
|
555.50
|
6.50
|
0.20
|
1.30
|
|
|
|
|
|
558.00
|
574.00
|
16.00
|
0.05
|
0.80
|
|
|
|
|
|
585.50
|
592.50
|
7.00
|
0.07
|
0.49
|
|
|
|
|
|
645.00
|
645.50
|
0.50
|
0.22
|
0.11
|
|
|
|
|
|
649.00
|
651.50
|
2.50
|
0.02
|
0.05
|
|
|
|
|
|
670.00
|
677.50
|
7.50
|
0.11
|
0.83
|
|
|
|
|
|
680.00
|
681.00
|
1.00
|
0.01
|
0.01
|
|
|
|
|
|
685.00
|
694.50
|
9.50
|
0.18
|
1.71
|
|
|
|
|
|
716.00
|
719.50
|
3.50
|
0.07
|
0.25
|
|
|
|
|
|
740.00
|
740.50
|
0.50
|
0.07
|
0.04
|
|
|
|
|
|
761.50
|
771.50
|
10.00
|
0.04
|
0.40
|
|
|
|
|
|
818.50
|
819.00
|
0.50
|
0.11
|
0.06
|
|
|
|
|
|
823.50
|
833.00
|
9.50
|
0.34
|
3.23
|
|
|
|
|
|
836.00
|
839.00
|
3.00
|
0.20
|
0.60
|
|
|
|
|
|
844.50
|
849.50
|
5.00
|
0.03
|
0.15
|
|
|
|
|
|
889.50
|
890.50
|
1.00
|
0.03
|
0.03
|
AR-16-63c3
|
156
|
-74
|
654.00
|
108.00
|
438.00
|
439.00
|
1.00
|
0.02
|
0.02
|
|
|
|
|
|
443.50
|
463.00
|
19.50
|
0.11
|
2.15
|
|
|
|
|
|
466.00
|
481.00
|
15.00
|
8.28
|
124.20
|
|
|
|
|
|
488.00
|
607.00
|
119.00
|
2.30
|
273.70
|
|
|
|
|
|
612.00
|
618.00
|
6.00
|
0.06
|
0.36
|
|
|
|
|
|
620.50
|
625.00
|
4.50
|
0.07
|
0.32
|
|
|
|
|
|
632.00
|
633.00
|
1.00
|
0.13
|
0.13
|
|
|
|
|
|
641.00
|
641.50
|
0.50
|
0.05
|
0.03
|
AR-16-64c3
|
154
|
-73
|
636.00
|
108.00
|
465.00
|
487.00
|
22.00
|
3.08
|
67.77
|
|
|
|
|
|
491.50
|
495.50
|
4.00
|
0.04
|
0.18
|
|
|
|
|
|
504.00
|
532.00
|
28.00
|
6.14
|
171.98
|
|
|
|
|
including
|
510.50
|
524.50
|
14.00
|
10.30
|
|
|
|
|
|
|
536.00
|
562.50
|
26.50
|
3.48
|
92.20
|
|
|
|
|
|
565.00
|
593.50
|
28.50
|
0.79
|
22.61
|
|
|
|
|
|
596.50
|
608.00
|
11.50
|
0.08
|
0.91
|
|
|
|
|
|
613.00
|
614.50
|
1.50
|
0.03
|
0.04
|
AR-16-65
|
0
|
-90
|
150.00
|
102.80
|
155.00
|
155.50
|
0.50
|
0.04
|
0.02
|
AR-16-71
|
140
|
-70
|
936.00
|
105.45
|
633.00
|
634.50
|
1.50
|
0.07
|
0.11
|
|
|
|
|
|
673.00
|
675.50
|
2.50
|
0.06
|
0.14
|
|
|
|
|
|
691.00
|
691.50
|
0.50
|
0.10
|
0.05
|
|
|
|
|
|
698.00
|
701.50
|
3.50
|
0.02
|
0.08
|
|
|
|
|
|
705.00
|
726.00
|
21.00
|
0.39
|
8.24
|
|
|
|
|
|
731.00
|
731.50
|
0.50
|
0.06
|
0.03
|
|
|
|
|
|
746.00
|
746.50
|
0.50
|
0.03
|
0.01
|
|
|
|
|
|
757.00
|
757.50
|
0.50
|
0.05
|
0.02
|
|
|
|
|
|
777.00
|
782.50
|
5.50
|
0.09
|
0.47
|
|
|
|
|
|
789.00
|
793.00
|
4.00
|
0.13
|
0.54
|
|
|
|
|
|
797.50
|
798.00
|
0.50
|
0.16
|
0.08
|
|
|
|
|
|
836.50
|
837.50
|
1.00
|
0.01
|
0.01
|
|
|
|
|
|
856.00
|
857.50
|
1.50
|
1.27
|
1.91
|
|
|
|
|
|
862.50
|
863.00
|
0.50
|
0.04
|
0.02
|
AR-16-72c1
|
138
|
-71
|
669.00
|
107.80
|
489.00
|
494.50
|
5.50
|
0.37
|
2.04
|
|
|
|
|
|
505.00
|
536.00
|
31.00
|
0.75
|
23.25
|
|
|
|
|
|
549.00
|
571.00
|
22.00
|
1.76
|
38.72
|
|
|
|
|
|
580.50
|
588.00
|
7.50
|
0.62
|
4.65
|
|
|
|
|
|
592.00
|
619.00
|
27.00
|
1.83
|
49.41
|
|
|
|
|
|
622.50
|
639.00
|
16.50
|
0.04
|
0.66
|
|
|
|
|
|
642.00
|
653.50
|
11.50
|
0.12
|
1.38
|
|
|
|
|
|
662.50
|
669.00
|
6.50
|
0.02
|
0.13
|
AR-16-72c2
|
138
|
-71
|
705.00
|
107.80
|
438.50
|
439.00
|
0.50
|
0.06
|
0.03
|
|
|
|
|
|
507.00
|
512.50
|
5.50
|
0.07
|
0.39
|
|
|
|
|
|
519.00
|
520.50
|
1.50
|
0.09
|
0.14
|
|
|
|
|
|
541.00
|
560.50
|
19.50
|
0.46
|
8.97
|
|
|
|
|
|
564.50
|
598.00
|
33.50
|
4.65
|
155.78
|
|
|
|
|
|
604.00
|
604.50
|
0.50
|
0.47
|
0.24
|
|
|
|
|
|
609.00
|
609.50
|
0.50
|
2.37
|
1.19
|
|
|
|
|
|
614.50
|
639.00
|
24.50
|
0.17
|
4.17
|
|
|
|
|
|
656.50
|
671.00
|
14.50
|
0.18
|
2.61
|
|
|
|
|
|
674.00
|
685.00
|
11.00
|
4.08
|
44.88
|
|
|
|
|
|
697.00
|
699.00
|
2.00
|
0.04
|
0.08
|
AR-16-73
|
145
|
-70
|
699.00
|
114.00
|
162.00
|
163.00
|
1.00
|
0.03
|
0.03
|
|
|
|
|
|
219.00
|
233.50
|
14.50
|
0.06
|
0.87
|
|
|
|
|
|
236.50
|
260.50
|
24.00
|
0.13
|
3.12
|
|
|
|
|
|
264.00
|
273.50
|
9.50
|
0.42
|
3.99
|
|
|
|
|
|
285.50
|
295.50
|
10.00
|
0.03
|
0.30
|
|
|
|
|
|
323.00
|
326.50
|
3.50
|
0.03
|
0.11
|
|
|
|
|
|
330.00
|
330.50
|
0.50
|
0.09
|
0.05
|
|
|
|
|
|
344.00
|
348.50
|
4.50
|
0.05
|
0.23
|
|
|
|
|
|
360.00
|
379.50
|
19.50
|
0.06
|
1.17
|
|
|
|
|
|
419.00
|
429.00
|
10.00
|
0.08
|
0.80
|
|
|
|
|
|
432.50
|
456.00
|
23.50
|
0.02
|
0.47
|
|
|
|
|
|
461.00
|
469.50
|
8.50
|
0.06
|
0.51
|
|
|
|
|
|
481.50
|
485.00
|
3.50
|
0.03
|
0.11
|
|
|
|
|
|
494.00
|
501.00
|
7.00
|
0.02
|
0.14
|
|
|
|
|
|
525.00
|
533.00
|
8.00
|
0.03
|
0.24
|
|
|
|
|
|
545.00
|
550.00
|
5.00
|
0.04
|
0.20
|
|
|
|
|
|
553.00
|
562.50
|
9.50
|
0.05
|
0.48
|
|
|
|
|
|
565.00
|
583.00
|
18.00
|
0.10
|
1.80
|
|
|
|
|
|
586.00
|
594.50
|
8.50
|
0.16
|
1.36
|
|
|
|
|
|
600.50
|
606.50
|
6.00
|
0.34
|
2.04
|
|
|
|
|
|
613.00
|
613.50
|
0.50
|
1.03
|
0.52
|
|
|
|
|
|
619.50
|
627.50
|
8.00
|
0.03
|
0.24
|
AR-16-74c1
|
131
|
-69
|
648.00
|
113.80
|
491.00
|
496.50
|
5.50
|
2.47
|
13.59
|
|
|
|
|
|
509.00
|
516.50
|
7.50
|
0.99
|
7.43
|
|
|
|
|
|
520.50
|
522.00
|
1.50
|
0.17
|
0.26
|
|
|
|
|
|
526.50
|
527.50
|
1.00
|
0.06
|
0.06
|
|
|
|
|
|
532.50
|
579.50
|
47.00
|
3.41
|
160.27
|
|
|
|
|
|
583.50
|
585.50
|
2.00
|
0.92
|
1.84
|
|
|
|
|
|
588.00
|
604.00
|
16.00
|
2.21
|
35.36
|
|
|
|
|
|
607.50
|
622.50
|
15.00
|
0.21
|
3.15
|
|
|
|
|
|
631.50
|
640.50
|
9.00
|
0.02
|
0.18
|
AR-16-74c2
|
131
|
-69
|
663.00
|
113.80
|
512.50
|
518.00
|
5.50
|
0.05
|
0.28
|
|
|
|
|
|
522.00
|
535.50
|
13.50
|
0.12
|
1.62
|
|
|
|
|
|
539.50
|
542.00
|
2.50
|
0.88
|
2.20
|
|
|
|
|
|
544.50
|
545.50
|
1.00
|
1.09
|
1.09
|
|
|
|
|
|
557.00
|
572.50
|
15.50
|
2.49
|
38.60
|
|
|
|
|
|
575.00
|
584.50
|
9.50
|
0.08
|
0.76
|
|
|
|
|
|
611.00
|
615.50
|
4.50
|
0.13
|
0.59
|
|
|
|
|
|
618.00
|
619.50
|
1.50
|
0.16
|
0.24
|
|
|
|
|
|
622.50
|
625.00
|
2.50
|
0.04
|
0.10
|
|
|
|
|
|
628.00
|
653.50
|
25.50
|
1.62
|
41.31
|
|
|
|
|
|
661.50
|
663.00
|
1.50
|
0.04
|
0.06
|
AR-16-75
|
137
|
-71
|
987.00
|
101.90
|
750.00
|
754.00
|
4.00
|
0.04
|
0.16
|
|
|
|
|
|
765.00
|
796.00
|
31.00
|
0.08
|
2.48
|
|
|
|
|
|
798.50
|
799.00
|
0.50
|
0.01
|
0.01
|
|
|
|
|
|
804.00
|
804.50
|
0.50
|
0.02
|
0.01
|
|
|
|
|
|
807.00
|
808.00
|
1.00
|
0.02
|
0.02
|
|
|
|
|
|
814.00
|
818.00
|
4.00
|
0.05
|
0.20
|
|
|
|
|
|
830.50
|
833.00
|
2.50
|
0.02
|
0.05
|
|
|
|
|
|
843.00
|
844.00
|
1.00
|
0.02
|
0.02
|
|
|
|
|
|
846.50
|
851.00
|
4.50
|
0.13
|
0.59
|
|
|
|
|
|
868.50
|
869.50
|
1.00
|
0.08
|
0.08
|
|
|
|
|
|
874.50
|
875.50
|
1.00
|
0.03
|
0.03
|
|
|
|
|
|
917.00
|
921.00
|
4.00
|
0.06
|
0.24
|
AR-16-76c1
|
140
|
-70
|
880.00
|
115.00
|
417.00
|
417.50
|
0.50
|
0.06
|
0.03
|
|
|
|
|
|
435.00
|
436.50
|
1.50
|
0.02
|
0.03
|
|
|
|
|
|
441.00
|
508.50
|
67.50
|
11.29
|
762.08
|
|
|
|
|
Including
|
470.00
|
507.50
|
35.50
|
20.12
|
|
|
|
|
Including
|
496.00
|
505.00
|
9.00
|
51.35
|
|
|
|
|
including
|
497.00
|
497.50
|
0.50
|
79.80
|
|
|
|
|
|
511.00
|
519.00
|
8.00
|
0.19
|
1.52
|
|
|
|
|
|
521.50
|
524.50
|
3.00
|
0.05
|
0.15
|
|
|
|
|
|
603.50
|
609.00
|
5.50
|
0.06
|
0.33
|
|
|
|
|
|
623.00
|
624.00
|
1.00
|
0.12
|
0.12
|
|
|
|
|
|
627.00
|
631.50
|
4.50
|
0.02
|
0.09
|
|
|
|
|
|
638.50
|
639.50
|
1.00
|
0.16
|
0.16
|
|
|
|
|
|
642.00
|
651.00
|
9.00
|
0.21
|
1.89
|
|
|
|
|
|
655.00
|
664.00
|
9.00
|
0.04
|
0.36
|
|
|
|
|
|
680.00
|
681.00
|
1.00
|
0.11
|
0.11
|
|
|
|
|
|
684.00
|
687.00
|
3.00
|
0.04
|
0.12
|
|
|
|
|
|
696.50
|
713.50
|
17.00
|
0.90
|
15.30
|
|
|
|
|
|
717.50
|
718.50
|
1.00
|
0.08
|
0.08
|
|
|
|
|
|
721.50
|
722.50
|
1.00
|
0.02
|
0.02
|
|
|
|
|
|
730.00
|
730.50
|
0.50
|
0.40
|
0.20
|
|
|
|
|
|
733.00
|
733.50
|
0.50
|
0.04
|
0.02
|
|
|
|
|
|
740.50
|
768.50
|
28.00
|
1.97
|
55.16
|
|
|
|
|
|
838.00
|
839.50
|
1.50
|
0.18
|
0.27
|
Composite parameters:
- Minimum thickness 0.5 m downhole
- Cutoff grade 0.01% U3O8
- Maximum internal dilution 2.00 m downhole
- U3O8 analyzed by ICP-OES at SRC Laboratories, Saskatoon, Saskatchewan
- All depths and intervals are meters downhole, true thicknesses
are yet to be determined
Split core samples were taken systematically, and intervals were
submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025:
2005 Accredited Facility) of Saskatoon for analysis. All samples were
analyzed using ICP-MS for trace elements on partial and total
digestions, ICP-OES for major and minor elements on a total
digestion, and fusion solution of boron by ICP-OES. Mineralizaed
samples were analyzed for U3O8 by ICP-OES and selected samples for
gold by fire assay.
All assay batches reported herein are subjected to and have
passed rigorous internal QA/QC protocols that include, but are not
limited to, the blind insertion of standard reference
materials, blank materials and field duplicates into the sample
stream at both random and systematic intervals.
The technical information in this news release has been approved
by Garrett Ainsworth, P.Geo., Vice
President – Exploration & Development, a qualified person for
the purposes of National Instrument 43-101 – Standards of
Disclosure for Mineral Projects. Mr. Ainsworth reviewed the data
disclosed in this news release, including the sampling, analytical
and test data underlying the information contained in this news
release. Mr. Ainsworth has verified that the results are accurate
by reviewing the official assay certificates provided to the
Company.
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 uranium industry professionals with a
successful track record in the discovery of uranium deposits and in
developing projects through discovery to production.
NexGen owns a portfolio of highly prospective uranium
exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100%
interest in Rook I, location of the Arrow Discovery in February 2014. The Arrow Deposit's maiden
Inferred mineral resource estimate is 201.9 M lbs
U3O8 contained in 3.48 M tonnes grading 2.63%
U3O8. Rook I also hosts the Bow
Discovery which is 3.7 km along trend and northeast of Arrow and
was made in March 2015.
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
legislation. "Forward-looking information" includes, but is
not limited to, statements with respect to the activities, events
or developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, the proposed
use of proceeds and planned exploration activities.
Generally, but not always, forward-looking information and
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the
negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connation thereof.
Such forward-looking information and statements are based on
numerous assumptions, including among others, that the results of
planned exploration activities are as anticipated, the price of
uranium, the anticipated cost of planned exploration activities,
that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and
when needed and on reasonable terms, and 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 or making forward-looking statements
are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements also involve 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 or
statements, including, among others: negative operating cash flow
and dependence on third party financing, uncertainty of additional
financing, no known mineral reserves or resources, pending assay
results may not be consistent with preliminary results, discretion
in the use of proceeds, alternative sources of energy, aboriginal
title and consultation issues, reliance on key management and other
personnel, potential downturns in economic conditions, actual
results of exploration activities being different than anticipated,
changes in exploration programs based upon results, 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.
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information. The Company
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.
SOURCE NexGen Energy Ltd.