NexGen Announces Best Hole (RK-24-207) to Date and Material Expansion of Mineralized Zone at Patterson Corridor East
NexGen Energy announced significant expansions in the mineralized zone at Patterson Corridor East (PCE) as part of their Summer Drill Program initiated on May 21, 2024. Eight out of twelve drill holes intersected mineralization. The zone spans 540 m along strike and 600 m vertically, featuring high-grade uranium mineralization with intervals open at depth and along strike.
The standout drill hole, RK-24-207, showcased massive replacement by uraninite, confirming a robust mineralized system. To date, four drill holes identified high-grade uranium mineralization (>61,000 cps), including RK-24-183, -197, -202, and -207. NexGen's CEO, Leigh Curyer, emphasized the geological similarities between PCE and the prolific Arrow Deposit, underlining PCE's potential.
The summer program has drilled 10,045.5 m of the planned 22,000 m. Assay results are expected in Q4 2024. The focus remains on testing the system's extent and identifying high-grade zones. The mineralization is hosted in silicified orthogneiss, a favorable setting for underground mining.
NexGen Energy ha annunciato significative espansioni nella zona mineralizzata a Patterson Corridor East (PCE) come parte del loro Programma di Perforazione Estivo avviato il 21 maggio 2024. Otto dei dodici fori di perforazione hanno intercettato minerali. La zona si estende per 540 m lungo la strike e 600 m in verticale, presentando mineralizzazione di uranio di alta qualità con intervalli aperti in profondità e lungo la strike.
Il foro di perforazione degno di nota, RK-24-207, ha mostrato una sostituzione massiva da parte dell'uraninite, confermando un robusto sistema mineralizzato. Finora, quattro fori di perforazione hanno identificato mineralizzazione di uranio di alta qualità (>61.000 cps), tra cui RK-24-183, -197, -202 e -207. Il CEO di NexGen, Leigh Curyer, ha sottolineato le somiglianze geologiche tra PCE e il prolifico Arrow Deposit, evidenziando il potenziale di PCE.
Il programma estivo ha perforato 10.045,5 m dei 22.000 m previsti. I risultati delle analisi sono attesi nel Q4 2024. L'obiettivo rimane testare l'estensione del sistema e identificare zone ad alta mineralizzazione. La mineralizzazione è ospitata in ortognaiss silicificato, un ambiente favorevole per l'estrazione sotterranea.
NexGen Energy anunció expansiones significativas en la zona mineralizada en el Patterson Corridor East (PCE) como parte de su Programa de Perforación de Verano iniciado el 21 de mayo de 2024. Ocho de los doce agujeros de perforación intersectaron mineralización. La zona se extiende 540 m a lo largo de la strike y 600 m en vertical, presentando mineralización de uranio de alta calidad con intervalos abiertos en profundidad y a lo largo de la strike.
El agujero de perforación destacado, RK-24-207, mostró un reemplazo masivo por uranina, confirmando un robusto sistema mineralizado. Hasta la fecha, cuatro agujeros de perforación identificaron mineralización de uranio de alta calidad (>61,000 cps), incluyendo RK-24-183, -197, -202 y -207. El CEO de NexGen, Leigh Curyer, enfatizó las similitudes geológicas entre PCE y el prolífico Arrow Deposit, subrayando el potencial de PCE.
El programa de verano ha perforado 10,045.5 m de los 22,000 m planificados. Se esperan resultados de análisis en el Q4 de 2024. El enfoque sigue siendo probar la extensión del sistema e identificar zonas de alta calidad. La mineralización se encuentra en ortogneis silicificado, un entorno favorable para la minería subterránea.
NexGen Energy는 2024년 5월 21일 시작된 여름 굴착 프로그램의 일환으로 Patterson Corridor East (PCE)에서 광물화 구역의 중요한 확장을 발표했습니다. 12개의 굴착 홀 중 8개가 광물화를 교차했습니다. 이 구역은 스트라이크 방향으로 540m, 수직 방향으로 600m에 걸쳐 있으며, 깊이와 스트라이크 방향으로 열린 구간이 있는 고품질 우라늄 광물화가 특징입니다.
특히 주목할 만한 굴착 홀인 RK-24-207은 우라니나이트에 의한 대규모 교체를 보여주며, 강력한 광물화 시스템을 확인했습니다. 현재까지 4개의 굴착 홀이 고품질 우라늄 광물화(>61,000 cps)를 확인했으며, RK-24-183, -197, -202 및 -207을 포함합니다. NexGen의 CEO인 Leigh Curyer는 PCE와 생산적인 Arrow Deposit 간의 지질학적 유사성을 강조하며 PCE의 잠재력을 강조했습니다.
여름 프로그램은 계획된 22,000m 중 10,045.5m를 굴착했습니다. 분석 결과는 2024년 4분기에 예상됩니다. 초점은 시스템의 범위를 테스트하고 고품질 구역을 식별하는 것입니다. 광물화는 실리카화된 오르토가나이스에 위치해 있으며, 이는 지하 채굴에 유리한 환경입니다.
NexGen Energy a annoncé des expansions significatives dans la zone mineralisée au Patterson Corridor East (PCE) dans le cadre de leur Programme de Forage d'Été lancé le 21 mai 2024. Huit des douze forages ont intercepté de la minéralisation. La zone s'étend sur 540 m en longueur et 600 m en profondeur, avec une minéralisation d'uranium de haute qualité et des intervalles ouverts en profondeur et le long de la strike.
Le forage phare, RK-24-207, a démontré un remplacement massif par l'uraninite, confirmant un système minéralisé robuste. À ce jour, quatre forages ont identifié une minéralisation d'uranium de haute qualité (>61 000 cps), y compris RK-24-183, -197, -202 et -207. Le PDG de NexGen, Leigh Curyer, a souligné les similarités géologiques entre le PCE et le prolifique gisement d'Arrow, soulignant le potentiel du PCE.
Le programme d'été a déjà foré 10 045,5 m des 22 000 m prévus. Les résultats des analyses sont attendus pour le quatrième trimestre de 2024. L'accent reste mis sur le test de l'étendue du système et l'identification des zones de haute qualité. La minéralisation est contenue dans de l'orthogneiss silicifié, un environnement favorable à l'exploitation souterraine.
NexGen Energy gab bedeutende Erweiterungen der mineralisierten Zone im Patterson Corridor East (PCE) bekannt, die Teil ihres Sommerbohrprogramms ist, das am 21. Mai 2024 gestartet wurde. Acht der zwölf Bohrlöcher schnitt Mineralisierung. Die Zone erstreckt sich über 540 m entlang der Strike und 600 m in der Vertikalen und zeichnet sich durch hochgradige Uranmineralisierung mit offenen Intervallen in der Tiefe und entlang der Strike aus.
Das herausragende Bohrloch RK-24-207 zeigte eine massive Ersetzung durch Uraninit und bestätigte ein robustes mineralisiertes System. Bisher haben vier Bohrlöcher hochgradige Uranmineralisierung (>61.000 cps) identifiziert, darunter die Löcher RK-24-183, -197, -202 und -207. NexGens CEO, Leigh Curyer, betonte die geologischen Ähnlichkeiten zwischen PCE und dem produktiven Arrow Deposit und hob das Potenzial von PCE hervor.
Das Sommerprogramm hat bereits 10.045,5 m der geplanten 22.000 m gebohrt. Die Analyseergebnisse werden im vierten Quartal 2024 erwartet. Der Fokus bleibt darauf, das Ausmaß des Systems zu testen und hochgradige Zonen zu identifizieren. Die Mineralisierung ist in silicifiziertem Orthogneis untergebracht, einem günstigen Umfeld für den Untertagebau.
- Significant expansion of mineralized zone at Patterson Corridor East.
- High-grade uranium mineralization identified in four drill holes, notably RK-24-207.
- Confirmation of geological similarities with the prolific Arrow Deposit.
- 10,045.5 meters drilled in the summer program, with assays pending in Q4 2024.
- Assay results are still pending, may impact preliminary assessments.
Insights
The recent drilling results at Patterson Corridor East (PCE) are highly significant for NexGen Energy. The mineralized zone has expanded substantially, now spanning
Key highlights include:
- Off-scale (>
61,000 cps) high-grade uranium mineralization in 4 drillholes - First instance of massive uraninite replacement, indicating a strongly mineralized system
- Best intercept in RK-24-207 with
1.5 m >10,000 cps (including0.3 m >61,000 cps)
These results suggest PCE could potentially host a large, high-grade uranium deposit similar to Arrow. The geological characteristics and mineralization style are very analogous, which is extremely promising for NexGen's future exploration and resource potential in this area.
This news is highly positive for NexGen Energy's future prospects. The expanded mineralization at PCE significantly increases the company's resource potential, which could translate to substantial value creation for shareholders.
Key financial implications:
- Increased exploration upside: The similarities to Arrow suggest PCE could become another major asset, potentially doubling NexGen's resource base.
- Cost-effective exploration: With
8 out of12 drillholes intersecting mineralization, the hit rate is impressive, indicating efficient use of exploration capital. - Long-term growth potential: The discovery validates the prospectivity of NexGen's land package, suggesting multiple development opportunities beyond the Rook I project.
Investors should note that while these results are promising, further drilling and economic studies are needed to fully assess PCE's value. Nevertheless, this discovery significantly de-risks NexGen's growth story and could lead to a re-rating of the stock.
NexGen's discovery at PCE has significant implications for the uranium market. The potential for another large, high-grade deposit in the Athabasca Basin could impact long-term supply projections and investor sentiment in the sector.
Key market considerations:
- Supply security: The discovery reinforces Canada's position as a stable, long-term uranium supplier, important for global energy security.
- Grade advantage: High-grade deposits like PCE and Arrow are economically attractive even in low uranium price environments, providing a competitive edge.
- ESG factors: The deposit's location in a stable jurisdiction with strong environmental regulations aligns with growing ESG concerns among utilities and investors.
While it's too early to quantify PCE's impact on future uranium supply, the discovery strengthens the bullish case for uranium. It demonstrates the potential for significant new discoveries in established districts, which could help meet growing demand from the expanding global nuclear fleet.
Off-scale (>61,000 cps) high-grade uranium mineralization has been intersected in four drillholes to date, including RK-24-183, -197, -202, and -207. The most recent intersection in RK-24-207 contains the first instance of massive replacement by uraninite, a key indicator of a strongly mineralized system (Figures 3 and 4, Table 1) with 1.5 m >10,000 cps (including 0.3 m >61,000 cps) within cumulative interval mineralization of 26.2 m > 500 cps (Table 2).
Results include the best and most recent intercept in RK-24-207, that confirms continuity of mineralization, massive replacement uranium and significant high grade at PCE (Table 1). The high-intensity style mineralization is indicative of exceptional formation conditions linked to significant orebodies within the
Summer drilling to date totals 10,045.5 m of the planned 22,000 m from 12 completed drillholes. Assays from disclosed mineralized intersections are pending and due in Q4 2024.
As a consequence of these results, the focus of the summer program has substantially elevated with two primary objectives:
- continue to test the extent of the mineralized system through bold step outs, and
- vector in on the high-grade zones within the broader mineralized system.
Leigh Curyer, Chief Executive Officer, commented: "In the first two months of the summer program, the results have rapidly indicated an expansive, mineralized footprint with remarkable continuity. Geological characteristics are very analogous to Arrow indicating a large, pervasive and high-grade system. The summer program has been purposely bold with very large drill step outs and has intersected mineralization in an additional 8 of the 12 holes drilled. Important to note, PCE has currently hit 4 holes with intense mineralization >61,000 cps, with this occurring at Arrow for the first time in the 15th hole - which led to subsequently delineating broad ultra-high grade zones in the A2 shear of Arrow.
Discoveries of the calibre of Arrow all take their own path in terms of time and extent of drilling to fully define. PCE is now commencing its path showing all the characteristics of Arrow at the same stage. PCE validates the continued prospectivity of the NexGen land package is immense and underpins the southwest
NexGen is at an incredibly exciting stage, focused on concluding the Federal Environmental Assessment for the Rook I Project, construction readiness on receipt of final approvals and in parallel drilling a newly discovered zone of mineralization."
Mineralization is hosted as semi-massive to massive pitchblende veins, fracture coatings, and disseminations. Structures focus the mineralization via reactivated shears and faults while competent wall rock (silicified orthogneiss) acts as a physical trap. The mineralization and alteration patterns depict a well-developed hydrothermal fluid system. Typical alteration associated with the mineralization includes the formation of iron-rich minerals (hydrothermal hematite), iron oxide (limonite), clay, and chlorite. These characteristics combined with the size of the mineralized footprint, as well as the presence of >61,000 cps, demonstrates the similarities between PCE and Arrow at the same stage.
Table 1: 2024 Summer program spectrometer results to date
Drillhole | Unconformity | Handheld Spectrometer Results (RS-125) | ||||||
Hole ID | Azimuth | Dip | Total | From (m) | To (m) | Width (m) | CPS Range | |
RK-24-195 | 310 | -70 | 588.0 | N/A | 171.5 | 172.0 | 0.5 | <500 - 1,500 |
172.0 | 172.5 | 0.5 | <500 | |||||
192.0 | 192.5 | 0.5 | <500 | |||||
216.0 | 216.5 | 0.5 | <500 | |||||
RK-24-196 | 310 | -70 | 841.0 | 103.4 | 701.5 | 703.0 | 1.5 | <500 |
703.0 | 703.5 | 0.5 | 1,600 - 2,500 | |||||
703.5 | 704.0 | 0.5 | <500 | |||||
704.0 | 704.5 | 0.5 | 570 - 1,320 | |||||
705.5 | 706.0 | 0.5 | <500 - 520 | |||||
723.5 | 724.0 | 0.5 | <500 - 600 | |||||
731.0 | 731.7 | 0.7 | <500 | |||||
731.7 | 731.8 | 0.1 | 3,380 - 4,180 | |||||
731.8 | 731.9 | 0.1 | 10,000 - 14,000 | |||||
731.9 | 732.0 | 0.1 | <500 | |||||
732.0 | 732.1 | 0.1 | <500 - 3,100 | |||||
732.5 | 736.5 | 4.0 | <500 - 3,100 | |||||
741.0 | 741.5 | 0.5 | <500 - 4,000 | |||||
742.5 | 743.0 | 0.5 | <500 - 1,000 | |||||
744.5 | 745.0 | 0.5 | <500 | |||||
745.0 | 745.5 | 0.5 | <500 - 1,350 | |||||
745.5 | 746.0 | 0.5 | <500 | |||||
746.0 | 746.5 | 0.5 | <500 - 520 | |||||
746.5 | 747.0 | 0.5 | <500 - 530 | |||||
747.0 | 748.0 | 1.0 | <500 | |||||
748.5 | 749.0 | 0.5 | <500 | |||||
749.5 | 750.0 | 0.5 | <500 - 3,200 | |||||
750.0 | 750.5 | 0.5 | <500 - 2,100 | |||||
757.0 | 757.5 | 0.5 | <500 - 2,350 | |||||
758.0 | 758.5 | 0.5 | <500 | |||||
760.0 | 760.5 | 0.5 | <500 | |||||
765.5 | 766.6 | 1.1 | <500 | |||||
RK-24-197 | 310 | -70 | 792.0 | 117.7 | 241.0 | 241.5 | 0.5 | <500 |
518.0 | 521.5 | 3.5 | <500 | |||||
523.5 | 524.0 | 0.5 | <500 | |||||
524.0 | 524.5 | 0.5 | <500 - 990 | |||||
524.5 | 525.0 | 0.5 | <500 - 2990 | |||||
525.0 | 525.5 | 0.5 | <500 - 2510 | |||||
525.5 | 526.0 | 0.5 | <500 - 660 | |||||
526.0 | 526.4 | 0.4 | <500 - 10,000 | |||||
526.4 | 526.6 | 0.2 | 10,000 - 13,050 | |||||
526.6 | 527.0 | 0.4 | 510 - 6,550 | |||||
527.0 | 527.5 | 0.5 | 1,040 - 9,560 | |||||
527.5 | 527.6 | 0.1 | 9,580 - 10,000 | |||||
527.6 | 527.8 | 0.2 | 10,000 - 26,400 | |||||
527.8 | 528.5 | 0.7 | <500 | |||||
528.5 | 528.8 | 0.3 | 940 - 10,000 | |||||
528.8 | 528.9 | 0.1 | 10,000 - 46,400 | |||||
528.9 | 529.0 | 0.1 | 865 - 2,250 | |||||
529.0 | 529.5 | 0.5 | <500 | |||||
530.5 | 535.5 | 5.0 | <500 | |||||
536.0 | 536.5 | 0.5 | <500 | |||||
546.0 | 546.5 | 0.5 | <500 | |||||
546.5 | 547.0 | 0.5 | <500 | |||||
547.0 | 547.5 | 0.5 | <500 - 670 | |||||
547.5 | 548.0 | 0.5 | <500 | |||||
548.0 | 548.5 | 0.5 | <500 - 890 | |||||
548.5 | 548.6 | 0.1 | 1,000 - 8,200 | |||||
548.6 | 548.8 | 0.2 | 21,200 - 33,800 | |||||
548.8 | 549.0 | 0.2 | 42,600 - 52,800 | |||||
549.0 | 549.5 | 0.5 | 600 - 1,500 | |||||
549.5 | 550.0 | 0.5 | 2,200 - 4,400 | |||||
550.0 | 550.5 | 0.5 | <500 - 1,600 | |||||
550.5 | 551.0 | 0.5 | <500 | |||||
551.0 | 551.5 | 0.5 | <500 - 620 | |||||
551.5 | 552.0 | 0.5 | <500 - 550 | |||||
552.0 | 552.5 | 0.5 | 1,300 - 2,000 | |||||
552.5 | 552.6 | 0.1 | 25,000 - 32,000 | |||||
552.7 | 552.9 | 0.2 | 40,100 - >61,000 | |||||
552.9 | 553.0 | 0.1 | 17,100 - 25,000 | |||||
553.0 | 553.5 | 0.5 | <500 - 1,500 | |||||
RK-24-198 | 310 | -70 | 743.2 | 117.3 | 333.5 | 334.0 | 0.5 | <500 |
669.5 | 670.0 | 0.5 | <500 | |||||
RK-24-199 | 310 | -70 | 807.0 | 107.1 | No Significant Intersections | |||
RK-24-200 | 310 | -70 | 804.0 | 112.6 | 339.0 | 339.5 | 0.5 | <500 |
354.0 | 354.5 | 0.5 | <500 - 750 | |||||
465.5 | 466.0 | 0.5 | <500 - 600 | |||||
611.0 | 611.5 | 0.5 | <500 - 660 | |||||
612.0 | 612.5 | 0.5 | <500 | |||||
613.0 | 613.5 | 0.5 | <500 - 970 | |||||
619.0 | 619.5 | 0.5 | <500 - 510 | |||||
619.5 | 620.0 | 0.5 | <500 | |||||
623.0 | 623.5 | 0.5 | <500 | |||||
RK-24-201 | 310 | -70 | 939.0 | 108.9 | 412.5 | 413.0 | 0.5 | <500 |
673.5 | 674.0 | 0.5 | <500 | |||||
674.5 | 675.0 | 0.5 | <500 | |||||
675.0 | 675.5 | 0.5 | <500 - 3,800 | |||||
675.5 | 676.0 | 0.5 | <500 | |||||
677.5 | 678.0 | 0.5 | <500 - 550 | |||||
678.5 | 679.0 | 0.5 | 650 - 700 | |||||
679.0 | 679.5 | 0.5 | <500 | |||||
680.0 | 681.0 | 1.0 | <500 | |||||
693.5 | 694.0 | 0.5 | 700 - 800 | |||||
694.0 | 695.0 | 1.0 | <500 | |||||
695.0 | 695.5 | 0.5 | 700 - 900 | |||||
695.5 | 696.0 | 0.5 | <500 | |||||
696.0 | 696.5 | 0.5 | 500 - 1,800 | |||||
696.5 | 697.0 | 0.5 | 500 - 2,600 | |||||
697.0 | 699.0 | 2.0 | <500 | |||||
699.5 | 700.5 | 1.0 | <500 | |||||
700.5 | 701.0 | 0.5 | 650 - 700 | |||||
701.0 | 701.5 | 0.5 | <500 - 550 | |||||
701.5 | 702.0 | 0.5 | <500 - 600 | |||||
702.0 | 702.5 | 0.5 | <500 - 750 | |||||
703.0 | 703.5 | 0.5 | <500 | |||||
708.0 | 709.0 | 1.0 | <500 | |||||
721.5 | 722.0 | 0.5 | <500 | |||||
741.0 | 741.5 | 0.5 | <500 | |||||
765.5 | 766.0 | 0.5 | <500 - 1300 | |||||
819.0 | 819.5 | 0.5 | <500 - 1800 | |||||
822.5 | 823.0 | 0.5 | <500 - 630 | |||||
837.5 | 838.0 | 0.5 | <500 | |||||
867.5 | 868.0 | 0.5 | <500 | |||||
RK-24-202 | 310 | -70 | 1138.2 | 106.3 | 622.5 | 623.0 | 0.5 | <500 |
623.5 | 624.0 | 0.5 | <500 | |||||
732.0 | 732.5 | 0.5 | <500 | |||||
780.5 | 781.0 | 0.5 | <500 | |||||
846.0 | 850.3 | 4.3 | <500 | |||||
886.0 | 886.2 | 0.2 | <500 - 1,780 | |||||
886.2 | 886.3 | 0.1 | 10,000 - 14,100 | |||||
886.3 | 886.5 | 0.2 | <500 - 1,700 | |||||
887.5 | 888.0 | 0.5 | <500 - 1,300 | |||||
895.5 | 896.0 | 0.5 | <500 - 3,200 | |||||
907.0 | 908.0 | 1.0 | <500 | |||||
922.5 | 923.0 | 0.5 | <500 - 650 | |||||
926.5 | 927.0 | 0.5 | <500 | |||||
928.0 | 928.5 | 0.5 | <500 - 540 | |||||
931.0 | 931.5 | 0.5 | <500 - 3,400 | |||||
931.5 | 932.0 | 0.5 | <500 - 1,050 | |||||
932.0 | 932.5 | 0.5 | <500 - 650 | |||||
933.5 | 934.0 | 0.5 | <500 - 2,580 | |||||
934.0 | 934.3 | 0.3 | <500 - 6,100 | |||||
934.3 | 934.4 | 0.1 | 55,500 - >61,000 | |||||
934.4 | 934.5 | 0.1 | <500 | |||||
936.0 | 936.3 | 0.3 | <500 | |||||
936.3 | 936.4 | 0.1 | 12,000 - >61,000 | |||||
936.4 | 936.5 | 0.1 | 530 - 650 | |||||
943.5 | 944.0 | 0.5 | <500 - 2,290 | |||||
944.0 | 944.5 | 0.5 | <500 - 800 | |||||
947.0 | 947.5 | 0.5 | <500 | |||||
948.5 | 949.0 | 0.5 | <500 | |||||
951.0 | 951.5 | 0.5 | <500 | |||||
951.5 | 951.7 | 0.2 | 850 - 3,200 | |||||
951.7 | 952.0 | 0.3 | 10,000 - 17,200 | |||||
952.0 | 952.5 | 0.5 | <500 - 7,500 | |||||
952.5 | 953.0 | 0.5 | <500 - 690 | |||||
953.0 | 953.5 | 0.5 | <500 | |||||
953.5 | 954.0 | 0.5 | <500 - 1,700 | |||||
954.0 | 954.5 | 0.5 | 600 - 2,020 | |||||
954.5 | 955.0 | 0.5 | 500 - 8,500 | |||||
955.0 | 955.5 | 0.5 | <500 | |||||
955.5 | 956.0 | 0.5 | 500 - 2,250 | |||||
956.0 | 956.5 | 0.5 | <500 - 3,200 | |||||
957.0 | 957.5 | 0.5 | <500 - 1,500 | |||||
957.5 | 958.0 | 0.5 | 500 - 1,000 | |||||
958.0 | 958.5 | 0.5 | <500 - 1,010 | |||||
958.5 | 959.0 | 0.5 | <500 - 1,650 | |||||
959.0 | 959.5 | 0.5 | <500 - 2,000 | |||||
959.5 | 960.0 | 0.5 | <500 - 2,300 | |||||
961.0 | 961.5 | 0.5 | <500 - 2,000 | |||||
961.5 | 962.0 | 0.5 | <500 - 2,270 | |||||
963.0 | 964.0 | 1.0 | <500 | |||||
964.0 | 964.5 | 0.5 | <500 - 750 | |||||
965.0 | 965.5 | 0.5 | <500 - 1,500 | |||||
965.5 | 966.0 | 0.5 | 3,000 - 8,000 | |||||
966.0 | 966.5 | 0.5 | <500 - 3,000 | |||||
966.5 | 967.0 | 0.5 | 5,000 - 6,000 | |||||
967.0 | 967.3 | 0.3 | 5,000 - 6,000 | |||||
967.3 | 967.5 | 0.2 | 10,000 - 49,000 | |||||
967.5 | 968.0 | 0.5 | 1,700 - 8,100 | |||||
968.0 | 968.5 | 0.5 | <500 - 2,000 | |||||
968.5 | 969.0 | 0.5 | <500 - 1,600 | |||||
969.0 | 969.5 | 0.5 | <500 - 940 | |||||
980.0 | 980.5 | 0.5 | <500 - 4,000 | |||||
981.0 | 981.5 | 0.5 | <500 - 650 | |||||
981.5 | 982.0 | 0.5 | <500 | |||||
983.0 | 983.5 | 0.5 | <500 - 820 | |||||
983.5 | 984.0 | 0.5 | <500 - 900 | |||||
984.0 | 984.5 | 0.5 | 1450 - 1,820 | |||||
984.5 | 985.0 | 0.5 | 800 - 3,700 | |||||
985.0 | 985.5 | 0.5 | <500 - 700 | |||||
985.5 | 986.0 | 0.5 | <500 | |||||
996.5 | 997.0 | 0.5 | <500 | |||||
997.5 | 998.0 | 0.5 | <500 | |||||
998.0 | 998.5 | 0.5 | <500 - 2,280 | |||||
1005.0 | 1006.5 | 1.5 | <500 | |||||
1008.5 | 1009.5 | 1.0 | <500 | |||||
1016.5 | 1017.0 | 0.5 | <500 - 660 | |||||
1026.5 | 1027.0 | 0.5 | <500 | |||||
RK-24-203 | 310 | -70 | 738.0 | 103.7 | 360.5 | 361.0 | 0.5 | <500 |
363.5 | 364.0 | 0.5 | <500 | |||||
470.0 | 471.5 | 1.5 | <500 | |||||
472.0 | 472.5 | 0.5 | <500 | |||||
RK-24-204 | 290 | -70 | 822.0 | 110.1 | 471.5 | 472.0 | 0.5 | <500 |
553.0 | 553.5 | 0.5 | <500 | |||||
554.0 | 555.0 | 1.0 | <500 | |||||
555.0 | 555.5 | 0.5 | <500 - 570 | |||||
555.5 | 556.0 | 0.5 | <500 - 900 | |||||
556.0 | 556.5 | 0.5 | 680 - 1,900 | |||||
556.5 | 557.0 | 0.5 | <500 - 1,300 | |||||
557.0 | 557.5 | 0.5 | <500 - 530 | |||||
557.5 | 558.0 | 0.5 | <500 - 1,150 | |||||
558.0 | 558.5 | 0.5 | 580 - 900 | |||||
558.5 | 559.0 | 0.5 | <500 - 600 | |||||
559.0 | 560.0 | 1.0 | <500 | |||||
574.0 | 574.5 | 0.5 | <500 - 2,020 | |||||
574.5 | 575.0 | 0.5 | <500 - 1,860 | |||||
575.0 | 575.5 | 0.5 | <500 - 4,120 | |||||
575.5 | 576.0 | 0.5 | <500 - 600 | |||||
576.0 | 576.5 | 0.5 | <500 - 1,400 | |||||
576.5 | 577.5 | 1.0 | <500 | |||||
578.0 | 578.5 | 0.5 | <500 - 580 | |||||
579.0 | 579.5 | 0.5 | <500 - 580 | |||||
579.5 | 580.0 | 0.5 | <500 | |||||
580.0 | 580.5 | 0.5 | <500 - 660 | |||||
580.5 | 580.8 | 0.3 | 2,100 - 2,800 | |||||
580.8 | 581.0 | 0.2 | 10,000 - 11,000 | |||||
581.0 | 581.5 | 0.5 | 3,600 - 8,000 | |||||
581.5 | 582.0 | 0.5 | 550 - 8,700 | |||||
582.0 | 582.5 | 0.5 | <500 - 4,700 | |||||
582.5 | 583.0 | 0.5 | 800 - 2,200 | |||||
583.0 | 583.5 | 0.5 | <500 - 1,500 | |||||
583.5 | 584.0 | 0.5 | <500 - 2,400 | |||||
584.0 | 584.5 | 0.5 | <500 | |||||
585.5 | 586.0 | 0.5 | <500 - 680 | |||||
587.0 | 587.5 | 0.5 | <500 - 5,370 | |||||
587.5 | 588.0 | 0.5 | 900 - 7,200 | |||||
588.0 | 588.5 | 0.5 | <500 - 1,200 | |||||
588.5 | 590.0 | 1.5 | <500 | |||||
595.5 | 596.5 | 1.0 | <500 | |||||
597.0 | 597.5 | 0.5 | <500 - 510 | |||||
598.5 | 599.0 | 0.5 | <500 - 1,100 | |||||
599.0 | 599.5 | 0.5 | <500 - 3,850 | |||||
599.5 | 600.0 | 0.5 | <500 - 700 | |||||
600.0 | 600.5 | 0.5 | <500 - 3,700 | |||||
600.5 | 601.0 | 0.5 | <500 | |||||
RK-24-205 | 320 | -70 | 1032.0 | 109.1 | 459.5 | 464.0 | 4.5 | <500 |
464.0 | 464.5 | 0.5 | 500 - 1,000 | |||||
464.5 | 465.0 | 0.5 | <500 | |||||
741.5 | 742.0 | 0.5 | <500 - 1,100 | |||||
742.0 | 742.5 | 0.5 | 1,600 - 7,500 | |||||
742.5 | 743.0 | 0.5 | <500 - 1,500 | |||||
746.5 | 747.0 | 0.5 | <500 - 600 | |||||
747.0 | 748.0 | 1.0 | <500 | |||||
766.0 | 766.5 | 0.5 | <500 | |||||
768.0 | 768.5 | 0.5 | <500 - 950 | |||||
769.0 | 769.5 | 0.5 | <500 - 1,600 | |||||
769.5 | 770.0 | 0.5 | 500 - 1,300 | |||||
770.0 | 770.5 | 0.5 | <500 - 1,300 | |||||
770.5 | 771.0 | 0.5 | 700 - 1,200 | |||||
771.0 | 771.5 | 0.5 | <500 - 850 | |||||
771.5 | 772.0 | 0.5 | <500 - 700 | |||||
772.5 | 773.5 | 1.0 | <500 | |||||
779.5 | 780.0 | 0.5 | <500 - 600 | |||||
780.0 | 780.5 | 0.5 | <500 | |||||
784.0 | 784.5 | 0.5 | <500 - 1,150 | |||||
784.5 | 785.0 | 0.5 | <500 | |||||
785.0 | 785.5 | 0.5 | <500 - 700 | |||||
786.0 | 786.5 | 0.5 | 600 - 1,400 | |||||
786.5 | 787.0 | 0.5 | <500 - 1,050 | |||||
787.0 | 787.5 | 0.5 | 500 - 950 | |||||
787.5 | 788.0 | 0.5 | <500 | |||||
788.0 | 788.5 | 0.5 | <500 - 1,900 | |||||
788.5 | 789.0 | 0.5 | <500 - 750 | |||||
789.0 | 789.5 | 0.5 | 800 - 4,200 | |||||
789.5 | 790.0 | 0.5 | 900 - 4,800 | |||||
790.0 | 790.5 | 0.5 | <500 - 850 | |||||
791.0 | 791.5 | 0.5 | <500 - 2,200 | |||||
791.5 | 792.0 | 0.5 | <500 - 1,500 | |||||
792.0 | 792.5 | 0.5 | <500 - 800 | |||||
792.5 | 793.0 | 0.5 | <500 | |||||
793.0 | 793.5 | 0.5 | <500 - 1,200 | |||||
793.5 | 793.6 | 0.1 | <500 - 25,000 | |||||
793.6 | 794.0 | 0.4 | <500 - 3,000 | |||||
794.0 | 794.5 | 0.5 | <500 | |||||
794.5 | 795.0 | 0.5 | <500 - 600 | |||||
795.0 | 795.5 | 0.5 | <500 | |||||
802.0 | 802.5 | 0.5 | <500 | |||||
804.0 | 804.5 | 0.5 | <500 | |||||
804.5 | 805.5 | 1.0 | <500 - 650 | |||||
807.0 | 807.5 | 0.5 | <500 - 900 | |||||
807.5 | 808.0 | 0.5 | <500 - 550 | |||||
808.0 | 808.5 | 0.5 | <500 | |||||
851.0 | 851.5 | 0.5 | <500 | |||||
853.5 | 854.0 | 0.5 | <500 - 2,300 | |||||
RK-24-206 | 298 | -75 | TBD | 96.5 | In progress | |||
RK-24-207 | 330 | -70 | 801.0 | 114.9 | 505.0 | 510.5 | 5.5 | <500 |
514.5 | 515.5 | 1.0 | <500 | |||||
515.5 | 516.0 | 0.5 | <500 - 980 | |||||
516.0 | 516.5 | 0.5 | <500 - 650 | |||||
516.5 | 517.0 | 0.5 | <500 - 410 | |||||
517.0 | 517.5 | 0.5 | <500 - 800 | |||||
517.5 | 518.0 | 0.5 | <500 - 950 | |||||
518.0 | 518.5 | 0.5 | <500 | |||||
519.0 | 519.5 | 0.5 | <500 | |||||
519.5 | 520.0 | 0.5 | 550 - 8,500 | |||||
520.0 | 520.5 | 0.5 | 1,000 - 1,750 | |||||
520.5 | 521.0 | 0.5 | 750 - 1,500 | |||||
521.0 | 521.5 | 0.5 | <500 - 1,500 | |||||
521.5 | 522.0 | 0.5 | <500 - 800 | |||||
522.0 | 522.5 | 0.5 | 700 - 8,500 | |||||
522.5 | 523.0 | 0.5 | 900 - 1,400 | |||||
523.0 | 523.5 | 0.5 | 800 - 1,700 | |||||
523.5 | 524.0 | 0.5 | 600 - 8,200 | |||||
524.0 | 524.5 | 0.5 | 10,000 - 32,000 | |||||
524.5 | 525.0 | 0.5 | 5,000 - 22,000 | |||||
525.0 | 525.1 | 0.1 | 30,000 - 60,000 | |||||
525.1 | 525.4 | 0.3 | >61,000 | |||||
525.4 | 525.5 | 0.1 | 22,000 - 60,000 | |||||
525.5 | 526.0 | 0.5 | 600 - 6,200 | |||||
526.0 | 526.5 | 0.5 | <500 - 3,500 | |||||
526.5 | 527.0 | 0.5 | 1,700 - 9,800 | |||||
527.0 | 527.5 | 0.5 | 2,800 - 20,000 | |||||
527.5 | 528.0 | 0.5 | 500 - 24,000 | |||||
528.0 | 528.5 | 0.5 | 750 - 1,200 | |||||
528.5 | 529.0 | 0.5 | 2,800 - 9,500 | |||||
529.0 | 529.5 | 0.5 | 1,100 - 6,500 | |||||
529.5 | 530.0 | 0.5 | 1,100 - 2,900 | |||||
530.0 | 530.5 | 0.5 | 550 - 1,600 | |||||
530.5 | 531.0 | 0.5 | 1,500 - 4,300 | |||||
531.0 | 531.5 | 0.5 | 550 - 900 | |||||
531.5 | 532.0 | 0.5 | <500 - 750 | |||||
532.0 | 532.5 | 0.5 | <500 - 1,200 | |||||
533.0 | 533.5 | 0.5 | <500 - 1,250 | |||||
533.5 | 534.0 | 0.5 | 950 - 1,800 | |||||
534.0 | 534.5 | 0.5 | 600 - 1,500 | |||||
534.5 | 535.0 | 0.5 | <500 | |||||
536.0 | 536.5 | 0.5 | <500 | |||||
536.5 | 537.0 | 0.5 | <500 - 15,000 | |||||
537.0 | 537.5 | 0.5 | <500 - 4,200 | |||||
538.0 | 538.5 | 0.5 | <500 | |||||
538.5 | 539.0 | 0.5 | <500 - 560 | |||||
539.0 | 539.5 | 0.5 | <500 | |||||
540.0 | 540.5 | 0.5 | <500 - 7,200 | |||||
540.5 | 541.0 | 0.5 | 4,600 - 8,200 | |||||
550.5 | 551.0 | 0.5 | <500 | |||||
552.0 | 552.5 | 0.5 | <500 - 570 | |||||
554.0 | 554.5 | 0.5 | <500 | |||||
558.5 | 559.0 | 0.5 | <500 | |||||
560.0 | 561.0 | 1.0 | <500 | |||||
567.5 | 568.0 | 0.5 | <500 | |||||
572.5 | 573.0 | 0.5 | <500 | |||||
578.5 | 579.0 | 0.5 | <500 | |||||
581.5 | 582.0 | 0.5 | <500 - 1,010 | |||||
583.5 | 584.5 | 1.0 | <500 | |||||
585.5 | 586.0 | 0.5 | <500 - 780 | |||||
586.0 | 587.0 | 1.0 | <500 | |||||
595.0 | 595.5 | 0.5 | <500 | |||||
595.5 | 596.0 | 0.5 | <500 - 900 | |||||
596.0 | 597.0 | 1.0 | <500 | |||||
600.5 | 601.0 | 0.5 | <500 | |||||
610.5 | 611.0 | 0.5 | <500 | |||||
619.0 | 620.0 | 1.0 | <500 - 510 | |||||
625.8 | 627.0 | 1.2 | <500 - 550 | |||||
636.8 | 641.0 | 4.2 | <500 | |||||
644.0 | 645.5 | 1.5 | <500 | |||||
717.5 | 718.5 | 1.0 | <500 - 880 | |||||
729.0 | 732.0 | 3.0 | <500 - 980 | |||||
- All depths and intervals are meters downhole, true thicknesses are yet to be determined.
- "Off-scale" refers to >61,000 cps total readings by gamma spectrometer type RS-125.
- Unconformity of 'N/A' denotes a lack of visible contact between
Athabasca sandstone and basement rock. - Maximum internal dilution 2.0 m downhole.
- Minimum thickness of 0.5 m downhole.
- All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
Table 2: Cumulative mineralization from 2024 summer program to date
Hole ID | Cumulative | Maximum |
RK-24-195 | 0.5 | 1,500 |
RK-24-196 | 10.3 | 14,000 |
RK-24-197 | 10.2 | >61000 |
RK-24-198 | 0 | N/A |
RK-24-199 | 0 | N/A |
RK-24-200 | 1.5 | 970 |
RK-24-201 | 7 | 3,800 |
RK-24-202 | 23.6 | >61000 |
RK-24-203 | 0 | N/A |
RK-24-204 | 16 | 11,000 |
RK-24-205 | 17 | 25,000 |
RK-24-207 | 26.2 | >61000 |
- All depths and intervals are meters downhole, true thicknesses are yet to be determined.
- Radioactivity measured by gamma scintillometer type RS-120 and gamma spectrometer type RS-125.
- Maximum readings stated as 'N/A' had no radioactivity >500 cps.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations, and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically, and environmentally. The Project and prospective portfolio in northern
NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in
Technical Disclosure*
All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Manager, Exploration, a qualified person under National Instrument 43-101.
Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.
A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR (www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website (www.nexgenenergy.ca ).
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic
Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.
There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
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SOURCE NexGen Energy Ltd.
FAQ
What significant discoveries did NexGen make at Patterson Corridor East?
When did NexGen's Summer Drill Program commence?
What was the standout drill hole in NexGen's recent findings?
How much drilling has been completed in NexGen's Summer Drill Program?
When are the assay results from NexGen's Summer Drill Program expected?
How does NexGen's recent discovery compare to the Arrow Deposit?
