Energy & Mining International - Fall 2015 - 65


NEXGEN ENERGY LTD.

FALL 2015
CANADA

The Arrow discovery is under dry land - not a lake - .
which makes it easier to determine the project's.

E
M
I

The flagship of the company is the Arrow zone, which
was discovered in February 2014 with the very first hole
drilled in that particular geophysical target. "The Arrow
zone is your typical geophysical target when looking for
high-grade uranium in this setting; a gravity-low coincident with a break or kink in the conductor," McPherson
says. At the time of the discovery, no other holes existed
within a four-kilometer radius.
What makes the Arrow discovery so exciting for
NexGen Energy has as much to do with where it is as
it does with the high-grade uranium mineralization
contained within it. Across most of northern Saskatchewan, the majority of uranium deposits had been found
underneath lakes.
The Arrow discovery, however, is under dry land, which
makes it much more straightforward in terms of determining the environmental impact the project might have.
McPherson says the uranium is hosted within the competent basement rock, as well, which makes for better
mining conditions than typical uranium deposits that are
found within the Athabasca sandstone and/or the unconformity (the contact point between the basement and the

environmental impact..

McPherson explains that Curyer and Chairman Christopher McFadden who formerly ran Rio Tinto's uranium
division founded the company after looking through more
than 200 properties in the Athabasca Basin in northwestern Saskatchewan. Even though the uranium market
was in a downturn at the time, the duo knew that nuclear
energy would continue to be a major part of the global energy mix for a long time to come and took advantage of the
pessimism in the market at the time. After only eight holes
completed at Arrow, Garrett Ainsworth, vice president of
exploration, joined the company coming off his success at
the Patterson Lake South discovery where he was awarded
the Colin Spence award by AMEBC.

ARROW AND BOW
The company holds the most dominant land position in
the southwest Athabasca Basin but it was science that
drove the group to acquire the properties. "We had a great
deal of confidence in the geologists that put together the
southwest package as it straddles the basin boundary and
hosts all of the major known conductor corridors which
is what you want when exploring for economic uranium
in the basin," McPherson explains. "Having the dominant
land position in the southwest Athabasca Basin is definitely strategic and valuable, but by far the most valuable
area of our company is the world-class Arrow discovery."
emi-magazine.com 65


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