Since the acquisition by NexGen of the SW1 property (the “Property”) in 2012, NexGen has systematically developed the property through testing with numerous studies and geophysical surveys.
The resulting geophysical signature on the Property, particularly the Gartner Lake Corridor (“GLC”), displays strong similarities to the Rook I property (Figure 1) which hosts Arrow, Canada’s largest to-be developed uranium deposit currently in the Environmental Assessment process. Those similar characteristics include a strong conductive signature with numerous off-sets coincident with discrete gravity lows and steep magnetic gradients (Figure 2, Figure 3). Analysis of historic drilling has also revealed prospective structure and alteration that coincides with highly- favourable geophysical properties for potential uranium mineralization.
In the fall of 2019, NexGen conducted its maiden drill program on the property to test these geophysical anomalies and follow-up on historic drill results, with a focus on four (4) high priority target areas on the Gartner Lake Project.
Figure 1: SW1 Property and Rook I Property with Similar Geophysical Signatures