NXG 4.87% $12.91 nexgen energy (canada) ltd

this was 9 years ago, after the incredible Arrow discovery then...

  1. 8,280 Posts.
    lightbulb Created with Sketch. 173
    this was 9 years ago, after the incredible Arrow discovery then came Bow

    These are the intersects at BOW

    Hole BO-15-13 intersected two narrow (0.5 m) weakly mineralized (<500 to 700 cps) intervals starting from 233.5 m and 244.5 m associated with a sheared, pyritic graphitic pelitic gneiss (mylonite). BO-15-13 is a 350 m step out to the east of BO-15-02 (Figure 2), where lake depths range between 2.1 to 2.2m;
    Drills holes BO-15-11, -12, and -14 all intersected elevated radioactivity (150 to <500 cps) associated with favourable geology, strong alteration, and persistent structure with associated strong radon anomalies (Figure 2

    Table 1: Bow Discovery Drill Hole Data

    Drill Hole

    Athabasca Group -
    Basement
    Unconformity Depth
    (m)

    Handheld Scintillometer Results (RS-120)

    Hole ID

    Azimuth

    Dip

    Total
    Depth
    (m)

    From (m)

    To (m)

    Width (m)

    CPS Range

    BO-15-11

    360

    -70

    393.00

    115.25

    No radioactivity >500 cps

    BO-15-12

    360

    -75

    332.00

    115.40

    No radioactivity >500 cps

    BO-15-13

    320

    -70

    363.50

    124.60

    233.50

    234.00

    0.50

    <500 - 700

    244.50

    245.00

    0.50

    <500 - 570

    BO-15-14

    360

    -70

    544.00

    109.90

    No radioactivity >500 cps

    Parameters:

    • Maximum internal dilution 2.00 m downhole
    • All depths and intervals are meters downhole
    • "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
    • "Off-scale" means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
    • Where "Min cps" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval



    ok can we compare Bow with Arrow discovery holes? Sure... comparing apples to apples is not happening here


    this is the ROOK 1 results (Arrow)

    NexGen Energy Ltd. [NXE-TSXV] released radioactivity results from the final five holes of its highly successful summer 2015 drilling program on its 100%-owned Rook I property in the Athabasca Basin, northern Saskatchewan.

    All five drill holes reported in this news release have returned off-scale radioactivity. Hole AR-15-62 intersected extensive mineralization in the A2 shear marked by dense accumulations of massive to semi-massive pitchblende. This hole confirms the significant continuity of world-class uranium mineralization in the higher-grade subzone of the A2 shear. An attached table compares AR-15-62 with other drill holes within this subzone.

    In addition, in the A3 shear, AR-15-61c2 has intersected the most off-scale radioactivity for any hole drilled at Arrow to date, with widespread and strong mineralization (up to over 61,000 counts per second) within an area that is open in every direction and at depth. This hole represents an exciting new development for the A3 shear.

    The summer program completed 33,010 metres of drilling, with 26 holes currently awaiting assays from SRC, which are anticipated to be returned over the coming months. Results have demonstrated extensive growth at Arrow, which remains open in all directions. The company’s focus for the remainder of the year will be to compile data for inclusion in a maiden National Instrument 43-101 resource estimate due in the first half of 2016 and to prepare for an extensive winter drilling program scheduled to begin in early January 2016.

    Garrett Ainsworth, VP, Exploration and Development, said, “The robust continuity of the higher-grade A2 subzone has been further established with this latest batch of radioactivity drilling results. Based on preliminary radioactivity results and visual inspection of the drill core, hole AR-15-62 is on par with holes AR-15-44b and AR-15-49c2, which returned continuous GTs of 655 and 605, respectively. Meanwhile, hole AR-15-61c2 has intersected the most off-scale mineralization (up to over 61,000 counts per second) in the A3 high-grade core to date, which has significantly developed the wide-open A3 shear.”

    Leigh Curyer, CEO, commented, “The results from the summer 2015 program has exceeded all objectives. It has considerably extended the area of mineralization, identified a robust higher-grade subzone of the A2 and, to conclude with this batch of drill holes, delivered the best hole to date in the A3 shear, opening up another exciting path for Arrow’s development. I would like to take the opportunity to congratulate the entire NexGen team, including our key contractors, for their outstanding contribution. We are already well under way in our preparations for winter 2016 drilling, which will materially expand the infrastructure and development of Arrow. It is an incredibly exciting time for shareholders and all involved with the company.”

    On October 22 NexGen released assay results for six angled holes from the continuing summer 2015 drilling program at Rook I. All six holes reported have returned strong assay results over significant widths. Assay results from hole AR-15-58c1, which was drilled 53 metres updip and southwest of hole AR-15-44b (56.5 m at 11.55% U3O8 have confirmed some of the strongest radioactivity results associated with ample dense massive to semi-massive pitchblende in the higher-grade A2 subzone, which remains open to the southwest. Furthermore, assays from hole -58c1 have also confirmed the presence of significant uranium mineralization in the A4 shear.

    Holes AR-15-48c2, AR-15-48c3, AR-15-53c1 and AR-15-53c3 have all returned widespread uranium mineralization in the A2 shear. Hole AR-15-52, which was a 210 m southwest step-out from hole -44b, returned strong assays in the A3 shear.


    so going by the past results, 61,000 counts per second ended up being extremely high grade...


    so to compare apples with apples, can we compare the pair... Arrow to New Discovery? is that fair? I think so..


    Vancouver, BC, March 11, 2024 - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the discovery of new intense uranium mineralization on its 100% owned SW2 Property, 3.5 kilometers (km) east of NexGen’s world-class Arrow Deposit (Figure 1). The new mineralized occurrence in RK-24-183 is located on a previously untested conductor segment of Patterson Corridor East (“PCE”). Localized uranium mineralization was intersected for 19.8 meters (m) between 347.7 and 367.5 m, with peaks up to >61,000 counts per second (cps)*. Exploration is predominantly open in all directions including over 1.5 km along strike

    to me, 20 meters of high grade uranium on a discovery hole is stellar..

    i would expect they immediately have put in action a significant number of new rigs to drill at this site..

 
watchlist Created with Sketch. Add NXG (ASX) to my watchlist
(20min delay)
Last
$12.91
Change
0.600(4.87%)
Mkt cap ! $639.9M
Open High Low Value Volume
$12.55 $12.95 $12.55 $1.103M 86.33K

Buyers (Bids)

No. Vol. Price($)
4 210 $12.91
 

Sellers (Offers)

Price($) Vol. No.
$12.92 176 3
View Market Depth
Last trade - 12.55pm 30/04/2024 (20 minute delay) ?
Last
$12.94
  Change
0.600 ( 5.12 %)
Open High Low Volume
$12.67 $12.97 $12.64 10628
Last updated 13.22pm 30/04/2024 ?
NXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.