NexGenCommencesLargestDrillProgramatArrowandExpandsSiteInfrastructureatRookI
Vancouver, BC, January 7, 2016 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSXV:NXE,OTCQX:NXGEF) is pleased to announce the winter 2016 drill program has now commenced at the 100%owned, Rook I Property, Athabasca Basin, Saskatchewan. In addition, the Rook I camp has undergonesignificant improvements leading into this year’s program to facilitate an increase in the number of rigs,improvelogisticalsupportandthecontinuedoptimizationofoperations.
Thewinter2016drillprogramwillcompriseof30,000mofdrillingandanincreasetosixdiamonddrillrigsmakingitthemostnumberofrigseveroperatedatArrow.TheCompanyhascashonhandofapproximately$34MasatJanuary1,2016.
Therearethreeprimaryobjectivesofthewinter2016drillprogrambudgetedat$12M;
1. CoredrillingatArrowZone;a. DelineatingthehighergradeA2sub-zone(the“Sub-Zone”),b. DrilltestingextensionsoftheA2andA3high-gradeshearsfurthersouthwest,c. Testingforflatlyingmineralizationatthebasementunconformityfurthernortheast.
2. Step-outdrillingalongstrikefromtheArrowzonealongthe9kmPattersoncorridoronRookI.3. DrilltheBowdiscovery.
LeighCuryer,ChiefExecutiveOfficer,commented:“Giventhesuccessful2015resultsatArrow,ithasclearlyjustified expanding the drilling program and improving camp infrastructure at Rook I to support thecontinuedoptimizationof theproject. Theadditionofasixth rigmakes thiswinter’sprogramthe largestever atArrow. Moreover,wehave initiatedbaseline environmentalmonitoring studies,metallurgical andgeotechnicalstudiesfor2016.ItisgoingtobeaveryexcitingyearfortheCompanyandshareholders.”
CoreDrillingatArrowZone:
Three rigs have commenced drilling at the Arrow zone with all three using Devico directional drillingtechnologywiththeassistanceofTECHDirectionalServicesInc. TwooftherigsarefocusedondelineatingtheSub-Zonewhichwasdiscoveredduringthesummer2015drillprogramandisazoneofcontinuoushighergradeuraniummineralizationspanning203minstrikelengththatbeginsat lessthan400mbelowsurfaceandremainsopeninalldirections.Thethirdrigisfocusedonexpandinghigh-gradeuraniummineralizationwithintheA2andA3shearsfurthertothesouthwest.
AfourthrigscheduledtocommenceonJanuary14thwill initiallyfocusinandaroundholeAR-15-36whereuranium mineralization was intersected just 4.0 m below the Athabasca Sandstone and basementunconformity.Theseholeswillbetestingforflat-lyingmineralizationattheunconformityinanareathatisup-plungefromknownbasementmineralization.
DrillingAlongStrikeofArrowZoneandPattersonCorridor:
Afifthrig,scheduledtocommencelateJanuary,willsystematicallytestalongstrikeoftheVTEMconductorthathoststheArrowzonebothtothesouthwestandnortheastwheretherearenumeroustargetareaswithsimilargeophysicalcharacteristicsasArrow.ThiswillincorporateNexGen’sdrillingphilosophyofaggressivestep-outstotesttheaerialextentofmineralizationwhichwouldthenbefollowedbydelineation.
DrillingBowDiscoveryandProspectiveAnomaliesonPattersonLake:
A sixth rig is scheduled tocommence inearlyFebruary to further test theBowdiscoveryandotherhighlyprospectiveradon,VTEM,magneticandgravityanomaliesonPattersonLake.DrillingatBowwillcommencewheniceconditionspermitandwillbeginwithstep-outdrillingfromknownmineralizationinholeBO-15-10whichreturned9.5mat0.20%U3O8including1.0mat1.44%U3O8(seeNewsReleasedatedJune30,2015).FurtherdrillingwilltestcoincidentVTEMandradon-in-lakewateranomaliesandstructuraltrapsinterpretedfrompreviousdrillingandgeophysicalsurveys.
OtherActivitiesin2016:
Beyondthislargewinter2016drillcampaign,theCompanywillcontinuebaselineenvironmentalmonitoringaswell as initiatemultiple geotechnical andmetallurgical testingduring2016whichwill form thebasis offuturestudies. Additionally,theCompanywillcontinueactiveengagementwithlocalstakeholdersandhasappliedforpermitstobuildanall-weatheraccessroadtotheRookIcamptofacilitateimprovedsitelogistics,efficiency,safetyandsupporttotheproject.
ThetechnicalinformationinthisnewsreleasehasbeenpreparedinaccordancewiththeCanadianregulatoryrequirements set out in National Instrument 43-101 and reviewed on behalf of NexGen Energy Ltd., byGarrettAinsworth,P.Geo.,VicePresident–Exploration&Development,aqualifiedperson.
Figure1:ArrowZoneDrillHoleLocations
AboutNexGenNexGen isaBritishColumbia corporationwitha focuson theacquisition,explorationanddevelopmentofCanadianuraniumprojects.NexGenhasahighlyexperiencedteamofuraniumindustryprofessionalswithasuccessfultrackrecordinthediscoveryofuraniumdepositsandindevelopingprojectsthroughdiscoverytoproduction.NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin,Saskatchewan,Canada,includinga100%interestinRookI,locationoftheArrowDiscoveryinFebruary2014andBowDiscoveryinMarch2015.LeighCuryerChiefExecutiveOfficerNexGenEnergyLtd.+16044284112lcuryer@nexgenenergy.cawww.nexgenenergy.caTravisMcPhersonCorporateDevelopmentManagerNexGenEnergyLtd.+16048162686tmcpherson@nexgenenergy.cahttp://www.nexgenenergy.caTheTSXVhasneitherapprovednordisapprovedthecontentsofthispressrelease.NeithertheTSXVnorits
RegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXV)acceptsresponsibilityforthe
adequacyoraccuracyofthisrelease.
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