Arrow: A New High-Grade Uranium Discovery In An Emerging

58 Pages·2014·8.94 MB·English

Arrow: A New High-Grade Uranium Discovery In An Emerging District
Saskatchewan Geological Survey Open House
J Sykes*, S Rozdilsky, J Kocay, A Browne, G Ainsworth
December 03, 2014
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“Risk Factors”, including, the risk that no mineralization will be identified on the Radio
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and Rook I properties; the Company’s dependence on third party financing; the
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Rook I
Athabasca Basin
Rook 1
Arrow Discovery
February 2014
Geology of the Athabasca Basin
(modified after Alberta and Saskatchewan Geological Atlas’, 2014, and Koch, 2014)
SW2 Properties
Comprised of 100% NXE owned properties: Rook I, R-Seven, Bishop I, Bishop II, Meanwell Lake
Arrow:
A Brief History
Arrow: A Brief History
(cid:1) August – October 2013: Two drill rig program completes NexGen’s first 13 drill holes
(including 1 abandoned drill hole) for a total of 3,032.0 m on Rook I property
– Initial Success: Drill hole RK-13-05 (Area A) intersected 0.031% U O over 4.0 m at 220.5 m depth in graphitic mylonite
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(cid:1) January – March 2014: Two drill rig program completes 17 total drill holes for a total of
7,442.0 m
– Area A Success: RK-13-05 follow-up drill hole RK-14-15 intersected 0.016% U O over 0.5 m at 193.0 m depth in graphitic
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mylonite
– Dagger Success: Drill hole RK-14-22 intersected 38.9 ppm U over 2.5 m at 310.0 m depth in graphitic mylonite
– Arrow Success
(cid:1) On February 14th, 1st drill hole at Arrow, RK-14-21 (re-named to AR-14-01) intersected
uranium mineralization early on, up to 5,600 cps on hand-held scint, composite
0.092% U O over 24.5 m within quartz-carbonate-uranium network breccia
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immediately adjacent to and within graphitic mylonite at 207.5 m depth
(cid:1) Arrow target area defined by disrupted EM conductor coincident with gravity low
(cid:1) Arrow has been a priority project since discovery in February 2014
Coincident EM Break and Gravity Low
Generalized Cross-Section
of Arrow
Generalized Plan Map of Arrow