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NexGen begins C$14M drill program at Rook I uranium property

NexGen Energy Ltd. on Jan. 23 said it started a C$14 million drill program on its Rook I uranium property in Saskatchewan.

The winter campaign comprises a minimum 35,000 meters of diamond drilling using seven rigs, with four rigs already drilling the Arrow deposit and a fifth to join later this month.

Drilling at Arrow will focus on resource expansion, including identifying new zones by drilling large, untested portions of the mineralized shears both laterally and along strike. The company will also continue infill drilling at Arrow to prepare for development studies and planning.

The remaining three rigs are on site and will start operating by Jan. 26. The company will target recently identified geophysical anomalies that correlate strongly with existing target areas near the Arrow deposit.

In addition, environmental and engineering studies will continue throughout the year to be incorporated into various feasibility studies.

NexGen posted an initial resource estimate for Arrow in early March 2016, comprising 3.48 million tonnes grading 2.63% U3O8 for 201.9 million pounds of U3O8.