EX-99.1 2 ex991.htm NEWS RELEASE DATED JULY 10, 2019

Exhibit 99.1

 

 

 

NexGen Continues to Intersect High-Grade Mineralization in all A2 and A3 Targets Highlighting Strength of Continuity at Arrow

VANCOUVER, July 10, 2019 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity results for an additional forty holes comprising 18,166.5 m from the Company's Feasibility stage drilling program at our 100% owned, Rook I property in the Athabasca Basin, Saskatchewan.

Conversion of Indicated to Measured

This current phase of the 2019 drilling program is targeting the A2 and A3 High-Grade Domain mine planning sections at a spacing between 9.0 m and 16.7 m based on a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions. All drill holes are collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology.  

Highlights:

A2 High-Grade Domains and Sub-Zone

The highlights below include composite and off-scale radioactivity results from the A2 only, for radioactivity results for the entire hole see Table 1: Arrow Deposit Drill Hole Data.

  • AR-19-229c5 intersected 44.0 m of total composite mineralization including 14.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 98.0 m section (573.0 to 678.0 m).  Additionally, of the 14.05 m of off-scale mineralization intersected in the hole 3.35 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-239c2 intersected 45.5 m of total composite mineralization including 7.60 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 107.0 m section (642.0 to 749.0 m).  Additionally, of the 7.60 m of off-scale mineralization intersected in the hole 1.65 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-241c1 intersected 10.0 m of total composite mineralization including 4.65 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 91.0 m section (492.0 to 583.0 m) in the A2 sub-zone. Additionally, of the 4.65 m of off-scale mineralization intersected in the hole 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-243c3 intersected 24.5 m of total composite mineralization including 4.45 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 85.5 m section (593.0 to 678.5 m).  Additionally, of the 4.45 m of off-scale mineralization intersected in the hole 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-246c1 intersected 52.0 m of total composite mineralization including 6.70 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 107.5 m section (628.0 to 735.5 m).  Additionally, of the 6.7 m of off-scale mineralization intersected in the hole 0.65 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
  • AR-19-247c1 intersected 27.0 m of total composite mineralization including 4.30 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 85.0 m section (605.0 to 690.0 m).

A3 High-Grade Domains and Sub-Zone

The highlights below include composite and off-scale radioactivity results from the A3 only, for radioactivity results for the entire hole see Table 1: Arrow Deposit Drill Hole Data.

  • AR-19-248c2 intersected 45.5 m of total composite mineralization including 7.30 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (487.0 to 576.0 m);
  • AR-19-242c2 intersected 51.5 m of total composite mineralization including 5.85 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 92.5 m section (511.0 to 603.5 m);
  • AR-19-238c3 intersected 28.0 m of total composite mineralization including 5.25 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 101.0 m section (440.0 to 541.0 m);
  • AR-19-248c1 intersected 42.0 m of total composite mineralization including 5.85 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (474.0 to 562.0 m).

Drill hole locations are shown in Figure 1, drilling results can be found in table 1. Drill hole descriptions can be found at www.nexgenenergy.ca

Development, Activities & Financial

  • Expediting Arrow to Feasibility by initiation of a 2-stage (10 rig) high density drilling program that commenced in mid-December 2018 to focus on mine optimization plans based on Measured and Indicated mineral resources.
  • NexGen commenced an Environmental Assessment on the Rook I Project on April 29, 2019 in accordance with the requirements of both the Environmental Assessment Act and the Canadian Environmental Assessment Act, 2012 ("CEAA 2012") after receiving acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("SMOE"). In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.
  • As of July 1, 2019, the Company had cash-on-hand of approximately $85 million which fully funds NexGen for all drilling, feasibility and development programs planned this year.

Leigh Curyer, Chief Executive Officer, commented: "The largest drill program currently in Canada and in the Company's history continues to rapidly advance Arrow through to Feasibility Study, detailed design and permitting. These results once again demonstrate the uniqueness of Arrow in terms of high grade and continuity. With the broader team advancing all aspects of development, community and permitting, it is an exciting time at NexGen."

Troy Boisjoli, Vice-President, Operations and Project Development, commented: "This latest batch of radioactivity results from the A2 and A3 High-Grade Domains, again demonstrates our confidence in the continuation of the high-grade mineralization across the Arrow Deposit. The strength of mineralization seen as part of this mine plan development drilling is truly unique and something I've never seen in my career.  Not only are we seeing continuity of strong mineralization but also in rock competency throughout the mine plan.  We are looking forward to the completion of Phase I (conversion of Indicated Mineral Resource to the measured category) and the start of Phase II (conversion of Inferred Mineral Resource to the Indicated category)."

Figure 1: Arrow Deposit Drill Hole Locations (CNW Group|NexGen Energy Ltd.)

Figure 1: Arrow Deposit Drill Hole Locations (CNW Group/NexGen Energy Ltd.)

Table 1: Arrow Deposit Drill Hole Data

Drill Hole Athabasca Group - Basement
Unconformity Depth (m)
Handheld Scintillometer Results (RS-
120/125) 
Hole ID Azimuth Dip Total
Depth (m)
From
(m)
To
(m)
Width
(m)
CPS Range
AR-19-229c5 327 -65 681.00 N/A 464.00 465.00 1.00 <500 -  1900
          469.00 469.50 0.50 <500 -  510
          472.00 472.50 0.50 <500 -  680
          480.50 487.50 7.00 <500 -  5400
          490.00 491.00 1.00 <500 -  7200
          495.50 501.00 5.50 <500 -  40000
          504.50 511.00 6.50 <500 -  9900
          513.50 522.50 9.00 <500 -  28300
          525.00 537.50 12.50 <500 -  33000
          615.00 659.00 44.00 <500 -  61000
AR-19-230c4 327 -65 693.50 N/A 461.50 463.50 2.00 <500 -  930
          502.00 502.50 0.50 <500 -  2470
          505.00 507.50 2.50 <500 -  3220
          514.00 522.50 8.50 <500 -  1700
          533.50 534.50 1.00 <500 -  780
          559.00 563.50 4.50 <500 -  1800
          567.00 567.50 0.50 <500 -  540
          601.50 608.50 7.00 <500 -  61000
          615.00 617.50 2.50 <500 -  10200
          624.00 628.50 4.50 <500 -  1300
          639.00 639.50 0.50 <500 -  640
          643.00 647.00 4.00 <500 -  7800
          655.00 656.00 1.00 <500 -  730
          660.00 660.50 0.50 <500 -  530
          666.50 668.00 1.50 <500 -  10600
AR-19-232c4 327 -65 645.50 N/A 495.00 496.00 1.00 <500 -  1680
          547.00 549.00 2.00 <500 -  26000
          551.50 552.00 0.50 <500 -  5100
          559.00 572.50 13.50 <500 -  61000
          579.50 581.50 2.00 <500 -  51000
          584.50 585.00 0.50 <500 -  2300
          596.00 598.50 2.50 <500 -  61000
          601.50 605.00 3.50 <500 -  47300
          609.00 609.50 0.50 <500 -  870
          613.50 614.00 0.50 500 -  2700
          617.50 618.00 0.50 <500 -  1100
AR-19-233c4 327 -65 558.50 N/A 452.00 458.00 6.00 <500 -  3070
          462.00 462.50 0.50 <500 -  530
          465.50 466.00 0.50 <500 -  620
          484.50 497.00 12.50 <500 -  13400
          506.50 521.00 14.50 <500 -  30000
          525.00 528.50 3.50 500 -  1350
AR-19-234c3 327 -65 537.00 N/A 460.00 461.50 1.50 <500 -  990
          479.00 484.00 5.00 <500 -  1700
          487.50 511.00 23.50 <500 -  61000
AR-19-236c3 327 -65 684.50 N/A 461.50 462.50 1.00 <500 -  2100
          468.50 469.50 1.00 <500 -  2800
          476.50 477.00 0.50 590 -  21000
          483.00 486.00 3.00 <500 -  1260
          488.50 489.50 1.00 <500 -  1760
          498.50 499.50 1.00 <500 -  2700
          505.00 506.00 1.00 <500 -  750
          515.50 529.50 14.00 <500 -  61000
          534.50 535.00 0.50 <500 -  820
          542.50 543.50 1.00 <500 -  1100
          578.00 586.00 8.00 <500 -  1000
          591.00 593.00 2.00 <500 -  1060
          596.50 601.50 5.00 <500 -  9300
          604.00 617.00 13.00 <500 -  3200
          620.50 635.50 15.00 <500 -  61000
          638.50 644.50 6.00 <500 -  1430
          648.00 649.00 1.00 <500 -  6300
          654.00 664.00 10.00 <500 -  53000
          677.50 678.00 0.50 <500 -  660
AR-19-236c4 327 -65 699.50 N/A 463.00 463.50 0.50 <500 -  1200
          473.50 474.00 0.50 <500 -  800
          477.00 478.00 1.00 <500 -  12000
          483.00 483.50 0.50 <500 -  1400
          490.00 490.50 0.50 <500 -  2000
          501.00 502.00 1.00 <500 -  2300
          509.00 509.50 0.50 <500 -  2700
          515.00 517.00 2.00 <500 -  6800
          519.50 533.00 13.50 <500 -  61000
          548.00 548.50 0.50 <500 -  620
          589.00 589.50 0.50 <500 -  820
          594.00 599.00 5.00 <500 -  1800
          607.00 609.50 2.50 <500 -  980
          616.50 618.00 1.50 <500 -  1500
          622.00 624.00 2.00 <500 -  21000
          631.50 632.50 1.00 <500 -  1100
          635.00 651.50 16.50 <500 -  24000
          658.00 665.50 7.50 <500 -  61000
          671.00 672.00 1.00 <500 -  3400
AR-19-237c1 327 -65 705.50 128.00 302.00 302.50 0.50 <500 -  560
          496.00 497.00 1.00 <500 -  2300
          532.50 533.00 0.50 <500 -  1800
          545.50 549.50 4.00 <500 -  29000
          556.50 558.50 2.00 <500 -  11500
          565.50 567.00 1.50 <500 -  6000
          570.50 571.50 1.00 <500 -  32000
          640.00 645.50 5.50 <500 -  61000
          648.00 664.00 16.00 <500 -  52000
          667.00 667.50 0.50 <500 -  1200
          671.50 672.00 0.50 <500 -  700
          677.50 684.50 7.00 <500 -  9800
          690.00 690.50 0.50 <500 -  510
AR-19-237c2 327 -65 720.50 N/A 504.00 504.50 0.50 <500 -  2100
          520.50 522.00 1.50 <500 -  13500
          546.00 546.50 0.50 <500 -  750
          554.50 555.00 0.50 <500 -  670
          560.50 561.00 0.50 <500 -  1280
          563.50 566.50 3.00 <500 -  910
          570.00 571.00 1.00 560 -  12800
          578.00 580.50 2.50 <500 -  3100
          583.50 584.00 0.50 900 -  34000
          639.00 648.50 9.50 <500 -  51000
          651.00 670.50 19.50 <500 -  20500
          678.00 684.00 6.00 <500 -  13600
          686.50 688.00 1.50 <500 -  9300
          718.00 718.50 0.50 <500 -  700
AR-19-237c3 327 -65 738.50 N/A 450.50 451.00 0.50 <500 -  720
          510.00 510.50 0.50 <500 -  9200
          526.00 526.50 0.50 <500 -  1100
          554.00 560.00 6.00 <500 -  16000
          565.00 568.00 3.00 <500 -  5700
          573.50 575.50 2.00 <500 -  21000
          581.00 583.00 2.00 <500 -  1800
          587.00 588.00 1.00 <500 -  1100
          595.50 596.00 0.50 <500 -  600
          642.00 646.50 4.50 <500 -  3850
          652.00 677.50 25.50 <500 -  61000
          686.00 686.50 0.50 <500 -  750
          691.00 692.50 1.50 <500 -  2900
          696.50 697.50 1.00 600 -  13000
          700.00 705.00 5.00 <500 -  5000
AR-19-238c1 327 -65 513.50 141.50 438.00 445.00 7.00 <500 -  6000
          447.50 448.00 0.50 <500 -  540
          454.00 455.50 1.50 <500 -  3700
          458.50 463.50 5.00 <500 -  61000
          466.50 467.00 0.50 1300 -  61000
          471.50 482.50 11.00 <500 -  61000
          487.50 491.00 3.50 <500 -  1000
          498.00 501.00 3.00 <500 -  780
AR-19-238c2 327 -65 522.50 N/A 426.00 426.50 0.50 <500 -  850
          448.50 450.50 2.00 <500 -  2700
          455.00 456.50 1.50 <500 -  8300
          466.00 467.00 1.00 <500 -  780
          472.00 476.50 4.50 <500 -  56400
          482.50 492.00 9.50 <500 -  61000
AR-19-238c3 327 -65 540.50 N/A 458.50 461.50 3.00 <500 -  9400
          467.00 468.00 1.00 <500 -  8900
          477.50 478.00 0.50 <500 -  1000
          487.50 490.00 2.50 <500 -  42000
          496.50 517.50 21.00 <500 -  61000
AR-19-238c4 327 -65 542.50 N/A 457.00 457.50 0.50 <500 -  2000
          473.50 476.50 3.00 <500 -  44000
          480.50 481.00 0.50 670 -  28000
          499.50 503.00 3.50 <500 -  61000
          506.50 522.50 16.00 <500 -  61000
AR-19-239c1 327 -65 729.50 133.00 229.50 230.00 0.50 <500 -  590
          452.50 453.00 0.50 <500 -  520
          479.00 479.50 0.50 <500 -  650
          487.00 488.50 1.50 <500 -  2600
          499.50 500.50 1.00 <500 -  3300
          513.50 514.00 0.50 <500 -  6800
          517.50 520.50 3.00 <500 -  26800
          524.50 525.00 0.50 <500 -  650
          533.00 540.50 7.50 <500 -  16600
          546.00 546.50 0.50 <500 -  3200
          550.50 558.50 8.00 <500 -  61000
          561.00 567.50 6.50 <500 -  61000
          573.00 573.50 0.50 <500 -  5300
          579.50 589.50 10.00 <500 -  61000
          592.00 593.00 1.00 <500 -  1100
          601.50 602.50 1.00 <500 -  1700
          651.00 667.50 16.50 <500 -  61000
          671.00 672.50 1.50 <500 -  30000
          679.50 680.00 0.50 620 -  9800
          682.50 690.50 8.00 <500 -  43000
          698.50 701.00 2.50 <500 -  45000
AR-19-239c2 327 -65 756.50 N/A 457.50 458.00 0.50 <500 -  660
          491.00 497.00 6.00 <500 -  4700
          520.00 520.50 0.50 1700 -  41000
          523.00 526.00 3.00 <500 -  61000
          528.50 533.50 5.00 <500 -  61000
          536.00 537.00 1.00 <500 -  3100
          540.00 540.50 0.50 <500 -  2500
          548.00 549.00 1.00 <500 -  6500
          555.50 561.50 6.00 <500 -  46000
          567.50 568.00 0.50 <500 -  880
          571.50 585.50 14.00 <500 -  43000
          596.00 603.50 7.50 <500 -  61000
          621.50 623.00 1.50 <500 -  1100
          642.00 643.00 1.00 <500 -  850
          667.50 668.00 0.50 <500 -  1200
          675.00 675.50 0.50 <500 -  2700
          682.00 685.00 3.00 <500 -  4000
          687.50 688.50 1.00 <500 -  1700
          694.00 698.50 4.50 <500 -  1000
          703.50 717.50 14.00 <500 -  61000
          721.00 739.50 18.50 <500 -  61000
          743.50 746.00 2.50 <500 -  4500
AR-19-240c1 327 -65 702.50 130.70 506.00 507.00 1.00 <500 -  820
          524.00 524.50 0.50 2300 -  30600
          529.50 530.50 1.00 <500 -  5900
          538.50 539.00 0.50 <500 -  5300
          545.50 550.00 4.50 <500 -  10600
          571.00 574.50 3.50 <500 -  9800
          578.00 579.00 1.00 <500 -  1900
          587.50 588.00 0.50 <500 -  3020
          605.00 607.00 2.00 <500 -  2800
          619.00 642.00 23.00 <500 -  61000
          651.50 654.00 2.50 <500 -  2500
          660.00 668.00 8.00 <500 -  3400
          672.00 676.00 4.00 <500 -  1250
AR-19-240c2 327 -65 714.00 N/A 514.50 515.00 0.50 <500 -  8100
          526.50 527.50 1.00 <500 -  9200
          530.50 531.00 0.50 <500 -  11500
          544.00 548.50 4.50 <500 -  61000
          582.00 584.50 2.50 <500 -  1500
          606.50 607.00 0.50 <500 -  950
          610.50 611.50 1.00 <500 -  930
          615.00 616.00 1.00 <500 -  730
          621.00 621.50 0.50 <500 -  810
          626.00 628.50 2.50 <500 -  890
          632.00 651.50 19.50 <500 -  61000
          656.00 656.50 0.50 <500 -  560
          680.00 680.50 0.50 <500 -  1000
AR-19-241c1 327 -65 600.50 137.30 412.00 415.50 3.50 <500 -  4800
          447.00 449.50 2.50 <500 -  15500
          456.00 458.00 2.00 <500 -  550
          465.00 465.50 0.50 <500 -  640
          474.50 478.00 3.50 <500 -  1100
          543.00 543.50 0.50 <500 -  720
          556.50 557.00 0.50 <500 -  530
          562.00 571.00 9.00 <500 -  61000
AR-19-241c2 327 -65 615.50 N/A 411.00 414.50 3.50 <500 -  7200
          423.50 424.00 0.50 <500 -  720
          445.50 449.50 4.00 <500 -  9700
          455.00 456.00 1.00 <500 -  810
          463.50 467.50 4.00 <500 -  1100
          472.00 475.00 3.00 <500 -  1000
          505.50 506.50 1.00 <500 -  700
          570.00 583.50 13.50 <500 -  61000
AR-19-242c1 327 -65 606.50 138.00 453.00 453.50 0.50 <500 -  650
          483.50 484.50 1.00 <500 -  5000
          492.50 493.50 1.00 <500 -  6000
          514.50 516.50 2.00 <500 -  18500
          521.50 543.00 21.50 <500 -  34700
          547.00 572.00 25.00 <500 -  61000
AR-19-242c2 327 -65 603.50 N/A 486.50 488.00 1.50 <500 -  4800
          491.50 494.00 2.50 <500 -  1400
          497.50 498.00 0.50 <500 -  640
          523.00 531.00 8.00 <500 -  24400
          533.50 540.50 7.00 <500 -  41000
          543.50 579.50 36.00 <500 -  61000
          583.50 584.00 0.50 <500 -  550
AR-19-243c1 327 -65 693.50 123.40 323.50 324.00 0.50 <500 -  690
          518.50 519.50 1.00 <500 -  4950
          522.00 523.00 1.00 <500 -  4600
          528.50 529.50 1.00 <500 -  1300
          540.50 543.00 2.50 <500 -  2100
          550.00 550.50 0.50 <500 -  3500
          557.50 558.50 1.00 <500 -  1200
          561.50 562.00 0.50 <500 -  550
          569.50 577.50 8.00 <500 -  4000
          580.00 582.50 2.50 <500 -  4200
          589.00 589.50 0.50 <500 -  1450
          613.50 615.50 2.00 <500 -  61000
          632.50 636.00 3.50 <500 -  60000
          642.50 643.00 0.50 <500 -  1190
          645.50 648.00 2.50 <500 -  600
AR-19-243c2 327 -65 696.50 N/A 512.00 512.50 0.50 <500 -  610
          522.50 523.00 0.50 520 -  9800
          528.00 530.00 2.00 <500 -  16800
          555.50 556.00 0.50 <500 -  6200
          565.50 566.00 0.50 <500 -  970
          570.50 571.00 0.50 <500 -  1800
          581.00 582.00 1.00 <500 -  1250
          590.50 591.50 1.00 <500 -  590
          610.00 611.00 1.00 <500 -  2300
          624.50 629.00 4.50 <500 -  12600
          631.50 635.50 4.00 <500 -  61000
          642.00 642.50 0.50 <500 -  18000
          663.00 663.50 0.50 <500 -  1000
AR-19-243c3 327 -65 678.50 N/A 518.50 519.50 1.00 <500 -  8760
          522.00 526.00 4.00 <500 -  1680
          556.00 557.00 1.00 <500 -  940
          561.50 562.50 1.00 <500 -  7000
          573.50 575.00 1.50 <500 -  1800
          610.50 627.00 16.50 <500 -  61000
          629.50 631.50 2.00 <500 -  13700
          634.00 639.50 5.50 <500 -  1900
          644.50 645.00 0.50 <500 -  1600
AR-19-244c1 327 -65 756.00 125.60 480.50 481.50 1.00 <500 -  740
          538.50 539.50 1.00 <500 -  1250
          558.50 559.00 0.50 570 -  16600
          567.00 567.50 0.50 <500 -  7600
          578.00 578.50 0.50 <500 -  1440
          590.50 591.50 1.00 <500 -  660
          611.50 616.50 5.00 <500 -  61000
          621.00 623.50 2.50 <500 -  1700
          630.00 638.00 8.00 <500 -  5400
          646.50 648.00 1.50 <500 -  1150
          652.50 654.00 1.50 <500 -  1000
          665.50 666.00 0.50 <500 -  550
          671.00 679.50 8.50 <500 -  61000
          687.50 698.00 10.50 <500 -  30000
          705.00 709.00 4.00 <500 -  12500
          714.50 719.00 4.50 <500 -  24000
AR-19-245c1 327 -65 609.00 138.80 418.00 420.00 2.00 <500 -  1300
          425.00 431.00 6.00 <500 -  19500
          435.00 437.00 2.00 <500 -  740
          448.00 449.00 1.00 <500 -  20000
          452.00 477.00 25.00 <500 -  48000
          574.00 580.00 6.00 <500 -  54100
          587.50 588.50 1.00 <500 -  18000
AR-19-245c2 327 -65 774.50 N/A 420.50 421.50 1.00 <500 -  1400
          426.00 432.00 6.00 <500 -  35000
          440.00 441.50 1.50 <500 -  32000
          453.00 456.00 3.00 <500 -  8800
          458.50 483.50 25.00 <500 -  61000
          578.50 589.00 10.50 <500 -  61000
          666.00 667.00 1.00 <500 -  850
          679.00 690.50 11.50 <500 -  44400
          696.50 697.00 0.50 <500 -  2200
          728.00 728.50 0.50 <500 -  820
          742.50 748.50 6.00 <500 -  5800
AR-19-245c3 327 -65 636.50 N/A 429.00 429.50 0.50 690 -  13100
          435.00 435.50 0.50 590 -  3320
          449.50 454.00 4.50 <500 -  61000
          458.00 458.50 0.50 580 -  14600
          463.00 487.00 24.00 <500 -  61000
          576.50 577.00 0.50 <500 -  670
          581.00 581.50 0.50 <500 -  880
          584.00 586.50 2.50 <500 -  930
          589.00 589.50 0.50 <500 -  700
          598.00 606.50 8.50 <500 -  13100
AR-19-246c1 327 -65 735.50 130.20 442.50 443.00 0.50 <500 -  1070
          464.00 464.50 0.50 <500 -  860
          481.00 481.50 0.50 <500 -  2200
          488.50 489.50 1.00 <500 -  6200
          530.00 532.00 2.00 <500 -  30000
          536.50 539.00 2.50 <500 -  2400
          546.50 550.00 3.50 <500 -  46800
          552.50 554.50 2.00 <500 -  14600
          563.00 569.50 6.50 <500 -  61000
          582.00 582.50 0.50 575 -  13800
          596.50 602.50 6.00 <500 -  1750
          607.00 607.50 0.50 <500 -  610
          628.50 629.00 0.50 <500 -  1150
          632.00 636.00 4.00 <500 -  1800
          638.50 639.00 0.50 <500 -  665
          646.00 660.00 14.00 <500 -  61000
          664.50 692.50 28.00 <500 -  61000
          701.00 701.50 0.50 <500 -  720
          720.50 723.50 3.00 <500 -  950
          726.00 726.50 0.50 <500 -  540
          730.00 731.00 1.00 <500 -  2520
AR-19-247c1 327 -65 696.00 126.55 499.00 500.50 1.50 <500 -  22000
          519.00 519.50 0.50 <500 -  1300
          526.50 531.50 5.00 <500 -  4500
          545.50 554.50 9.00 <500 -  38300
          617.50 618.00 0.50 <500 -  530
          621.00 643.50 22.50 <500 -  61000
          648.50 649.00 0.50 <500 -  1750
          658.50 662.00 3.50 <500 -  8500
AR-19-247c2 327 -65 711.50 N/A 488.00 488.50 0.50 <500 -  860
          506.50 507.00 0.50 <500 -  11300
          518.50 519.00 0.50 <500 -  1650
          535.50 543.00 7.50 <500 -  5400
          547.50 548.00 0.50 <500 -  740
          556.50 558.00 1.50 <500 -  11000
          565.50 573.00 7.50 <500 -  61000
          618.50 621.00 2.50 <500 -  1120
          635.50 641.00 5.50 <500 -  1500
          644.50 649.00 4.50 <500 -  3100
          664.00 664.50 0.50 <500 -  520
          669.00 672.00 3.00 <500 -  18700
          676.00 678.00 2.00 <500 -  9500
          681.00 681.50 0.50 <500 -  8600
AR-19-248c1 327 -65 564.50 138.70 166.50 167.00 0.50 <500 -  810
          431.00 431.50 0.50 <500 -  720
          459.00 460.00 1.00 <500 -  850
          481.00 481.50 0.50 750 -  1300
          485.00 493.50 8.50 <500 -  61000
          498.00 498.50 0.50 1600 -  40000
          501.00 501.50 0.50 540 -  31000
          506.50 507.00 0.50 2000 -  61000
          510.50 542.00 31.50 <500 -  61000
AR-19-248c2 327 -65 582.50 N/A 471.50 476.50 5.00 <500 -  2000
          496.50 497.00 0.50 <500 -  2200
          499.50 502.00 2.50 <500 -  8300
          506.00 506.50 0.50 3500 -  61000
          510.00 511.50 1.50 <500 -  12800
          515.50 517.00 1.50 <500 -  15600
          519.50 558.50 39.00 <500 -  61000
AR-19-248c3 327 -65 588.50 N/A 472.50 484.00 11.50 <500 -  2760
          487.50 488.50 1.00 <500 -  660
          502.50 506.00 3.50 <500 -  61000
          508.50 512.50 4.00 <500 -  61000
          515.50 519.50 4.00 <500 -  10500
          522.00 526.00 4.00 <500 -  39000
          529.00 530.00 1.00 <500 -  20700
          534.00 539.50 5.50 <500 -  19600
          542.00 545.00 3.00 <500 -  61000
          553.50 564.00 10.50 <500 -  61000
          571.50 577.50 6.00 <500 -  3700
AR-19-249c1 327 -65 780.00 135.15 271.00 271.50 0.50 <500 -  610
          462.00 464.00 2.00 <500 -  3800
          483.00 484.00 1.00 <500 -  550
          499.50 500.00 0.50 <500 -  730
          503.50 505.50 2.00 <500 -  2700
          517.50 521.00 3.50 <500 -  730
          531.00 532.00 1.00 <500 -  1370
          556.50 559.00 2.50 <500 -  22700
          570.50 571.00 0.50 <500 -  560
          580.00 589.00 9.00 <500 -  61000
          592.00 596.00 4.00 <500 -  27000
          601.50 603.50 2.00 <500 -  61000
          618.50 619.00 0.50 <500 -  520
          630.00 634.50 4.50 <500 -  14100
          643.00 643.50 0.50 <500 -  510
          666.00 666.50 0.50 <500 -  2700
          682.50 683.50 1.00 <500 -  730
          686.50 704.00 17.50 <500 -  44600
          716.50 717.00 0.50 <500 -  970
          720.00 720.50 0.50 <500 -  720
          723.00 727.00 4.00 <500 -  1400
          731.00 741.50 10.50 <500 -  61000
          747.50 749.50 2.00 <500 -  11500
AR-19-249c2 327 -65 783.50 N/A 473.00 475.50 2.50 <500 -  2200
          487.00 490.50 3.50 <500 -  1560
          501.50 503.50 2.00 <500 -  1600
          513.50 514.00 0.50 <500 -  520
          540.00 541.50 1.50 <500 -  1050
          565.50 566.00 0.50 800 -  30000
          570.00 571.00 1.00 <500 -  31000
          588.00 593.00 5.00 <500 -  16500
          595.50 596.50 1.00 <500 -  3070
          600.50 615.50 15.00 <500 -  61000
          620.00 621.00 1.00 <500 -  4700
          635.00 652.00 17.00 <500 -  8600
          658.00 660.50 2.50 <500 -  560
          663.00 663.50 0.50 <500 -  750
          691.50 698.00 6.50 <500 -  2280
          701.00 708.00 7.00 <500 -  22200
          711.00 712.00 1.00 <500 -  2000
          717.00 737.50 20.50 <500 -  45000
          741.00 748.50 7.50 <500 -  13800
AR-19-250c1 327 -65 732.50 124.70 489.50 490.00 0.50 <500 -  1500
          539.50 540.50 1.00 <500 -  45000
          543.50 547.00 3.50 <500 -  7500
          553.50 559.00 5.50 <500 -  15900
          561.50 562.00 0.50 1400 -  61000
          580.50 581.00 0.50 <500 -  2400
          583.50 584.50 1.00 <500 -  770
          595.00 595.50 0.50 <500 -  1900
          605.00 606.50 1.50 <500 -  780
          610.50 611.00 0.50 <500 -  850
          614.50 615.50 1.00 <500 -  3900
          636.50 637.00 0.50 <500 -  530
          644.50 645.00 0.50 <500 -  950
          652.50 668.00 15.50 <500 -  61000
AR-19-250c2 327 -65 744.00 N/A 490.00 491.00 1.00 <500 -  6100
          531.00 531.50 0.50 <500 -  510
          544.00 545.50 1.50 <500 -  31000
          553.00 556.00 3.00 <500 -  61000
          560.00 566.50 6.50 <500 -  51000
          586.50 587.00 0.50 <500 -  970
          592.50 593.00 0.50 <500 -  600
          606.00 608.50 2.50 <500 -  1900
          615.50 616.00 0.50 <500 -  1300
          636.50 637.50 1.00 <500 -  2810
          647.00 649.50 2.50 <500 -  760
          653.00 668.00 15.00 <500 -  61000
          693.50 700.50 7.00 <500 -  1260
AR-19-250c3 327 -65 756.50 N/A 429.00 429.50 0.50 <500 -  1040
          492.50 493.00 0.50 <500 -  2600
          533.00 533.50 0.50 <500 -  3600
          547.50 548.50 1.00 <500 -  31000
          554.00 565.00 11.00 <500 -  61000
          567.50 568.50 1.00 <500 -  10600
          576.00 576.50 0.50 <500 -  830
          585.00 586.00 1.00 <500 -  4000
          592.50 593.00 0.50 <500 -  1200
          604.50 605.00 0.50 <500 -  800
          608.00 612.00 4.00 <500 -  1200
          614.50 615.50 1.00 <500 -  910
          623.50 625.00 1.50 <500 -  1000
          627.50 628.00 0.50 <500 -  610
          651.00 651.50 0.50 <500 -  1060
          655.50 658.00 2.50 <500 -  3700
          662.50 676.00 13.50 <500 -  61000
          679.50 680.00 0.50 <500 -  1240
          686.00 687.50 1.50 <500 -  830
          695.50 696.00 0.50 <500 -  2200

 

Parameters:

  • Maximum internal dilution 2.00 m downhole
  • All depths and intervals are metres downhole, true thicknesses are yet to be determined
  • "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
  • Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. 

NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101"). 

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website (www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled "Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study" dated effective 5 November, 2018 (the "Rook 1 Technical Report") prepared by Paul O'Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy's website (www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 4, 2019 under "Risk Factors".

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

View original content to download multimedia:http://www.prnewswire.com/news-releases/nexgen-continues-to-intersect-high-grade-mineralization-in-all-a2-and-a3-targets-highlighting-strength-of-continuity-at-arrow-300882406.html

SOURCE NexGen Energy Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/10/c0542.html

%CIK: 0001698535

For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca

CO: NexGen Energy Ltd.

CNW 06:30e 10-JUL-19