Market Pleased with NexGen to Drill Throughout Spring Break-Up

Market Pleased with NexGen to Drill Throughout Spring Break-Up
The market reacted well to news that NexGen Energy Ltd. ( OTCQX:NXGEF, TSXV:NXE) would continuously drill in 2016 uninterrupted from the end of the winter through to the commencement of summer.  Additionally, the Company was pleased to report it has been approved and issued a permit to construct an all-season access road to their Rook I Property located at the Athabasca Basin in Saskatchewan.
NexGen has $34 million cash on hand of which they intend to allocate $3 million for the drill program comprising of 7,500 m drilled with three diamond drill rigs utilizing TECH directional drilling.  This program will focus on the 180 m southwest extension of Arrow and the infilling the A2 High Grade Domain.

Additionally, NexGen has been approved and issued a permit by the Saskatchewan Ministry of Environment to construct an all-season access road from Provincial Highway 955 to the Rook I Project, which will span approximately 13 km that will primarily utilize existing trails.  This road will support the rapidly developing Arrow Deposit and further optimize exploration and development at the Rook I property, in a highly capital efficient manner.  Construction of this access road will commence shortly and scheduled to take approximately two months to complete with a budget of $1.25 million.

Leigh Curyer, Chief Executive Officer commented: “The decision to continue drilling uninterrupted is in direct response to the high level of success we have had this winter program with the infill of the A2 High Grade Domain and the newly discovered southwest extension at Arrow. The decision to construct the all weather road to the Project reflects our commitment to exceptionally high standards of operations incorporating safety as our priority. We would like to thank the Saskatchewan Ministry of Environment for their diligent work in processing our permit application for our camp access road as we progress Arrow along its development path.”

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