Could Trump’s deregulation quest speed permitting in Canada too?
Rolling back environmental regulations and speeding up permitting for oil and gas as well as mining projects could put pressure on Canada to do the same.
Vancouver-based NexGen Energy has released new assays from its phase one drill program at the Arrow uranium deposit on the southwest rim of the Athabasca Basin. The highest results were 33.78% uranium oxide over 12.0 metres and 32.88% over 8.0 metres.
The 20 recent holes were drilled as part of the feasibility stage study at the company’s Rook I project. The work was done to in-fill the A2 high grade domain and boost the boost reserves.
Highlights from the A2 domain include:
NexGen says it is fast tracking the feasibility study based on resources and has begun the environmental assessment for Rook I. The company has also filed an initial licence application for site preparation and construction.
The Arrow deposit has an indicated resource of 256.6 million lb. of uranium oxide contained in 2.89 million tonnes grading 4.03% uranium oxide, including the A2 high grade core of 181.0 million lb. contained in 460,000 tonnes grading 17.85%. The inferred resource contains 91.7 million lb. of uranium oxide contained in 4.84 million tonnes grading 0.86%.
(This article first appeared in the Canadian Mining Journal)
2 Comments
sheldon modeland
It appears that the 0m intercepts are incorrect, actually looks like all the intercepts were copied from the linked article! Always a good idea to check your sources and proof read before publishing! At any rate, assuming they are greater than zero, those are spectacular grades!
Amanda Stutt
Hi Sheldon- the article has been updated. Thank you for pointing it out- turned out to be a formatting issue.