NexGen Energy Ltd. (TSXV:NXE) has discovered a new zone of uranium mineralization in the Rook 1 project in the Athabasca Basin, Saskatchewan, using a hand-held Exploranium GR-110 total count scintillometer. The newly discovered “Arrow” Prospect is 4.5kms north of the southern boundary of Rook I. RK-14-21 at Arrow is the first drill hole in Target Area “C” and still continuing.
As quoted in the press release:
The first hole at Arrow, RK-14-21, is still being drilled. From 204.8-231.0m downhole, it has intersected 26.2m of sheared graphitic and garnetiferous breccia, with localized haematite-carbonate-graphite-chlorite alteration, set within a chloritised garnetiferous gneiss. The breccia contains zones of pitchblende disseminations & veinlets with downhole widths varying between 0.2-2.9m. Two zones of massive chloritic clay were intersected, 3.3m between 98.0-101.2m, and 3.0m between 108.0-111.0m. At 318.5m downhole, a 2cm pitchblende vein occurs centrally within a 50cm zone of intense haematite alteration. The balance of the hole logged to date (322.0m as at Mon 17 Feb) comprises medium/coarse-grained garnetiferous quartz-feldspar gneiss, with localized shearing.
NexGen Energy CEO, Leigh Curyer, said:
Arrow is the result of the disciplined focus and approach of Andrew and the NexGen technical team. I congratulate them on a terrific result at such an early stage in the exploration program. We are immediately revising our original 6000m program in terms of drilling logistics in order to substantially expand the program at Arrow and the other 11 western located Rook I target areas. The result indicates the potential of this south-western section of the Athabasca Basin in becoming a new prolific uranium district.