Aug 17 2013
NexGen Energy Ltd. (“NexGen” or the “Company”) is pleased to announce that it has commenced a two drill, 3,000 meter program on the Rook I project. The Rook I project is immediately adjacent to, and on trend, northeast from Fission/Alpha’s recent high-grade uranium discoveries on their Patterson Lake South project.
Detailed geophysical surveys of the Rook I project have included aerial VTEM and magnetics, and ground gravity. A recent DC resistivity survey was conducted over the area of the property that is continuous with the Patterson Lake conductors. The results of the resistivity survey have refined previous targets, and introduced new target areas.
The drilling program will be testing priority target areas defined by overlapping geophysical anomalies (see figure 1). One drill will be dedicated to target area A, testing the northeast extension of the Patterson Lake South conductor trend. A second helicopter-supported drill rig will be testing target areas A through D. Drilling is expected to continue through to late September depending on weather conditions.
Depth to the basement is estimated at 65 to 100 metres below Quaternary overburden. Geophysical surveys have identified a number of coincident east-west, northeast, and northwest linears interpreted as structural zones, plus favourable basement lithological assemblages.
Leigh Curyer, NexGen’s CEO commented “This is another very exciting milestone for the Company. The Rook I Project hosts a number of highly prospective targets identified by NexGen’s recently competed geophysical surveys. The work done to date is a real credit to our geological team, whom identified Rook I prior to the PLS discovery. The results of the various geophysical surveys completed since acquisition have only increased our pre-existing confidence with respect to the prospectivity of Rook I. NexGen will drill these targets areas until the weather closes in, expected late September.”
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.