Epstein-Research Blog | NexGen Energy’s Arrow Deposit, Just The Beginning? | Talkmarkets - Page 2
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In 2011 Peter Epstein, CFA, left a $3 billion hedge fund where he was a senior natural resources analyst to help increase awareness of a number of natural resource companies in which he's invested in. 

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NexGen Energy’s Arrow Deposit, Just The Beginning?

Date: Monday, May 2, 2016 8:10 PM EST

FACT: delivery of a NI 43-101 compliant maiden resource estimate, 201.9 mm Inferred lbs. @2.63% (0.25% cut-off) incl. 128.5 mm lbs. @ 5.0% cut-off & A2 high-grade domain of 120.5 mm Inferred pounds @ 13.26%. The maiden resource estimate includes holes to October 2015, it does not include an additional 40 drill holes completed through April 18th.

FACT: Rook 1’s Arrow deposit is partially de-risked post maiden resource estimate and strong drill results since. Arrow is now the largest undeveloped uranium deposit in the basin, open in all directions and at depth. Also, there’s 4km of untested strike length to the NE & 3km of untested strike length to the SW.  

FACT: intersection of off-scale mineralization in a 180m step-out along strike to the SW of Arrow’s grade shell. Hole AR-16-77c2 represents a 25 m down-dip expansion of the current A2 high-grade domain, extending Arrow along strike to 865 m and laterally by 40 m to 275 m. There’s already been at least 11 holes drilled into the A2 Sub-Zone this year vs. 7 in 2015.

Regarding recent drill results, CEO Curyer commented,

This winter program at Arrow has been incredibly successful. The objectives for the winter 2016 drilling program have been met on all fronts and there are many assays still pending. The decision to continue drilling uninterrupted is in direct response to the high level of success we have had with the infill of the A2 High-Grade Domain and the newly discovered southwest extension at Arrow. Further, the initiative to construct the all weather road to the Project reflects our commitment to exceptionally high standards of operations incorporating safety as our priority as we progress Arrow along its development path.”

FACT: AR-16-63c2 intersected 42.0 m at 15.20% & an additional 46.5 m at 12.99%, in the higher-grade A2 sub-zone. Including 3.5 m of un-mineralized core separating the 2 intervals, AR-16-63c2 returned 92.0 m at 13.51%, for a grade x thickness (“GT”) of 1,243. Further, holes AR-16-63c2 & AR-26-64c2 extend outside the defined high-grade domain grade shell, which, as mentioned, hosts 120.5 mm Inferred lbs. @ 13.26%. These 2 holes are among the most strongly mineralized at Arrow to date, and are not yet included in the resource estimate.  

FACT: discovery of a new high-grade zone in the A1 Shear with 8.35 m of off-scale radioactivity. Drill hole AR-16-84c1 represents the strongest uranium intercept in the A1 shear zone to date, in an area that’s untested.

Screen Shot 2016-05-01 at 5.43.55 PM

FACT: drill hole AR-16-78c4 returned 37.4 m of off-scale radioactivity, expanding the higher-grade A2 sub-zone. AR-16-78c4 also identified anomalous radioactivity 1.3 km NE of Arrow, in an area named Cannon. Cannon has very similar geophysical, lithological & alteration features to the Arrow deposit. On a radioactivity basis, AR-16-78c4 ranks as one of the best holes ever drilled at Arrow. Importantly, the high-grade mineralization was predominately intersected outside the current boundary of the A2 high-grade domain.

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