SOUTHWEST ATHABASCA BASIN
NexGen Energy Ltd has the most significant land position located in the southwest Athabasca Basin of Saskatchewan, Canada where it holds over 220,000 hectares. This portfolio is considered to be amongst the most prospective uranium properties known given the mineralization discovered to date in the southwest along the Patterson Corridor, which hosts the Arrow Deposit. Furthermore, considering the extent of undrilled target areas near known mineralization, this corridor is one of the most endowed mineral belts. Through its subsidiary IsoEnergy Ltd, NexGen also holds a portfolio of highly prospective uranium exploration properties in the eastern side of the Athabasca Basin.
The Company’s 100%-owned Rook I project hosts the land based Arrow deposit which has an Indicated mineral resource estimate of 256.6 Mlbs U3O8 contained within 2.89Mt grading 4.03% U3O8 including the A2 high-grade core of 181.0 Mlbs U3O8 contained within 0.46Mt grading 17.85% U3O8 and an Inferred mineral resource estimate of 91.7Mlbs U3O8 contained within 4.84Mt grading 0.86% U3O8 (see the Company’s technical disclosure statement: http://www.nexgenenergy.ca/corporate/corporate-governance/). The deposit was based on only 392 drill holes and the Arrow deposit has a defined area of mineralization of 380m wide x 970m in strike length, depth starting at 110m down to 980m and remains open in most directions and at depth.
Arrow is a 100% land-based, basement-hosted and high-grade uranium discovery which is the largest development-stage uranium deposit in Canada. The Company remains well-funded to continue its program of expansion and infill drilling the Arrow deposit as well as further drill testing other prospective parts of the Rook I property.
To learn more about NexGen, please contact:
Travis McPherson, VP, Corporate Development
E: tmcpherson@nxe-energy.ca
T: 604.816.2686
www.nexgenenergy.ca
