Vivien Diniz reports that the Athabasca Basin exploration company NexGen Energy released the remaining assay results from 2015 summer drilling at the Rook I property this week. The company has released two sets of results this week, with the first set covering six holes and featuring the strongest assay to date in the A3 shear. However, it is the NexGen Energy second set that is of interest ... that set highlights AR-15-62, a single angled hole at Rook I Arrow zone.
According to the company, AR-15-62 returned the most strongly mineralized intercept to date at Arrow with a continuous grade x thickness (GT) of 787. The hole, AR-15-621, intersected 78.0 meters at 10.00% U3O8, including 12.0 m at 38.29% U3O8 within the higher grade A2 sub-zone.
Commenting positively on those numbers, Garrett Ainsworth, Vice President, Exploration and Development, at NexGen Energy, said that drill results of this caliber are very rare in the Athabasca Basin and speaks to the size and strength of the mineralizing event that has occurred at Arrow. Hole 62 confirms the strong continuity of high-grade mineralization within the A2 Sub-Zone throughout its current 203 m strike length.
Putting those statement in context, Raymond James analyst David Sadowski states in a Wednesday note to clients, that the continuous grade-thickness (GT) of 787 %-meter, which easily ranks hole 62 as the best hole of the project, beating even the incredible hole 44b, which returned a GT of 655 %-m, as well as besting anything ever observed at Wheeler River, Roughrider or Cigar Lake, three of the most prolific deposits in the world.
In summary, 80 of the 82 holes drilled intercepted significant mineralization, which is an excellent hit rate that speaks to the size and continuity of mineralization at Arrow.
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