NexGen Commences Winter Drill Program At Rook I
NexGen Commences Winter Drill Program At Rook I
Vancouver, BC, January 29, 2018 – NexGen Energy Ltd . (“NexGen” or the “Company”) (TSX:NXE, NYSE
MKT:NXE) is pleased to announce that the winter 2018 drill program has begun at our 100% owned, Rook I
property, in the Athabasca Basin, Saskatchewan.
The winter 2018 program will consist of approximately 25,000 m using eight drill rigs and focus on a n umber
of key objectives. At the Arrow Deposit, drilling w ill focus on further A3 high grade zone definition, targeting
the large untested areas surrounding the A1 – A5 shears, potential extensions of the shears particularly to the
north east, and definition of newly discovered high grade mineralization northwest of the A1 shear (see News
Release dated January 17, 2018). At South Arrow, dr illing will continue to focus on defining the exten t of
uranium mineralization in all directions. Further, highly ranked geophysical targets on the Arrow, South Arrow
and Mirror conductors will be targeted due to the results of geophysical surveys conducted predominantly in
2016 and 2017.
Development, Activities & Financial
• Pre-feasibility staged technical studies including geotechnical work, hydrogeological work, and
metallurgy continue in advance of the maiden Pre-Feasibility Study scheduled for Q3/2018.
• The Company has cash on hand of approximately $155 million.
Figure 1 shows the winter 2018 drilling areas. Figures 2 and 3 show the three-dimensional geophysical
signature of the Mirror target area. Figure 4 shows the high priority Area 8 resistivity low anomaly amongst
others. The association of these anomalies and mineralization at Arrow and South Arrow is evident.
Leigh Curyer, Chief Executive Officer, commented: “The Company is focusing on multiple objectives in 2018 in
parallel to drilling at Rook I. Key personnel appoi ntments in 2017 has placed NexGen in a solid positi on to
advance the various components of the Arrow Pre-Fea sibility Study and other studies focused on optimiz ing
the development of Arrow. The winter 2018 drilling will focus on testing in areas that hold high poten tial for
additional mineralized shears, extensions of existing mineralized shears and new high grade sub zones in close
proximity to Arrow. Further, drilling at South Arrow located 400 m south of Arrow, will continue to f ocus on
determining the extent of mineralization discovered in 2017. Additionally, the Company will begin to test highly
ranked geophysical targets within a 2 km radius of Arrow and along the Patterson Corridor, which is la rgely
unexplored on Rook I, yet hosts four known uranium mineralized zones. We look forward to delivering th e
results of drilling and the development studies throughout 2018.”
Figure 1: Winter Drilling Areas – ZTEM Resistivity – 450m Depth Slice
Figure 2: Mirror Target Area – Ground Gravity 3D Inversion
Figure 3: Mirror Target Area – ZTEM Resistvity 3D Inversion
Figure 4: Combined 2016 and 2017 3D Resistivity
About NexGen
NexGen is a British Columbia corporation with a foc us on the acquisition, exploration and development of
Canadian uranium projects. NexGen has a highly expe rienced team of uranium industry professionals with a
successful track record in the discovery of uranium deposits and in developing projects through discov ery to
production.
NexGen owns a portfolio of prospective uranium expl oration assets in the Athabasca Basin, Saskatchewan ,
Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery
in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. The Arrow
deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released i n
March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 M tonnes grading 6.88% U3O8 in the Indicated
Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30%
U3O8 in the Inferred Mineral Resource category.
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
www.nexgenenergy.ca
Travis McPherson
Vice President Corporate Development
NexGen Energy Ltd.
+1 604 428 4112
http://www.nexgenenergy.ca
For Media Inquiries:
Jonathan Goldberg
KCSA Strategic Communications
+1 212 896 1282
Technical Information
All scientific and technical information in this ne ws release has been prepared by or reviewed and app roved
by Mr. Garrett Ainsworth, P.Geo., Vice President – Exploration & Development for NexGen. Mr. Ainsworth is a
qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects
("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.
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 “Technical Report on the Preliminary Economic Assessment of the Arrow Deposi t,
Rook 1 Property, Province of Saskatchewan, Canada” dated effective September 1, 2017 (the “ Rook 1 Technical
Report ”) prepared by Jason J. Cox, David M. Robson, Mark B. Mathisen, David A. Ross, Val Coetzee and Mark
Wittrup, each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is availabl e for
review under the Company’s profile on SEDAR at www.sedar.com .
U.S. investors are advised that while the terms "indicated resources" and "inferred resources" are recognized
and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize these
terms. U.S. investors are cautioned not to assume t hat any part or all of the material in these catego ries will
ever be converted into mineral reserves.
Forward-Looking Information
The information contained herein contains "forward- looking statements" within the meaning of the Unite d 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”, “sched uled”, “estimates”, “forecasts”, “intends”, “antici pates”, 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 base d on the then current expectations, beliefs, assump tions,
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 nume rous 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 need ed 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 t he
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 inv olve known and unknown risks and uncertainties and other
factors, which may cause actual results, performanc es and achievements of NexGen to differ materially from any
projections of results, performances and achievemen ts of NexGen expressed or implied by such forward-l ooking
information or statements, including, among others, negative operating cash flow and dependence on thi rd party
financing, uncertainty of the availability of addit ional financing, the risk that pending assay result s 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 a nd financing, and other factors discussed or referr ed to in the
Company’s Annual Information Form dated March 31, 2017 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 informa tion or implied by forward-looking information, the re may be
other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking info rmation and statements will prove to be accurate, a s 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 n o
obligation to update or reissue forward-looking inf ormation as a result of new information or events e xcept as
required by applicable securities laws.