NexGen Announces Best Hole to Date (RK-24-222) and High-Grade Expansion at Patterson Corridor East Concluding a Successful 2024 Drilling Program
NexGen Energy has completed its 2024 drilling campaign at Patterson Corridor East (PCE), with exceptional results from hole RK-24-222 showing a 17.0m wide vein with multiple high-intensity uranium mineralization. The campaign covered 34,000 meters across 46 drillholes, with 19 of 30 holes intersecting mineralization. The mineralized zone has expanded to 600m strike length and 600m vertical extent. A high-grade sub-domain now covers 100m of strike and 170m depth. The PCE discovery is located 3.5km east of the Arrow deposit, with assays expected in Q4 2024 and Q1 2025.
NexGen Energy ha completato la sua campagna di perforazione 2024 presso il Patterson Corridor East (PCE), con risultati eccezionali dal foro RK-24-222 che mostra un filone largo 17,0 m con molteplici mineralizzazioni di uranio ad alta intensità. La campagna ha coperto 34.000 metri attraverso 46 fori di perforazione, con 19 dei 30 fori che hanno intersecato mineralizzazione. La zona mineralizzata si è ampliata a una lunghezza di 600 m e un'estensione verticale di 600 m. Un sottodominio ad alta grade ora copre 100 m di lunghezza e 170 m di profondità. La scoperta del PCE si trova a 3,5 km a est del deposito Arrow, con i risultati delle analisi attesi nel Q4 2024 e Q1 2025.
NexGen Energy ha completado su campaña de perforación 2024 en el Patterson Corridor East (PCE), con resultados excepcionales del agujero RK-24-222 que muestra una veta de 17.0 m de ancho con múltiples mineralizaciones de uranio de alta intensidad. La campaña cubrió 34,000 metros a través de 46 perforaciones, con 19 de 30 agujeros intersectando mineralización. La zona mineralizada se ha expandido a una longitud de 600 m y una extensión vertical de 600 m. Un sub-dominio de alta ley ahora abarca 100 m de longitud y 170 m de profundidad. El descubrimiento de PCE se encuentra a 3.5 km al este del depósito Arrow, con análisis esperados en el Q4 2024 y Q1 2025.
NexGen Energy는 Patterson Corridor East (PCE)에서 2024년 시추 캠페인을 완료했으며, RK-24-222 구멍에서 나온 결과가 뛰어난데, 이 구멍은 여러 고강도 우라늄 광물화가 있는 17.0m 폭의 vein을 보여줍니다. 이 캠페인은 46개의 시추홀을 통하여 34,000미터를 포함하였으며, 30개 홀 중 19개 홀이 광물화와 만났습니다. 광물화된 영역은 600m의 수평 길이와 600m의 수직 범위로 확대되었습니다. 고품질 서브 도메인은 이제 100m의 수평 길이와 170m의 깊이를 포함합니다. PCE 발견지는 Arrow 광산에서 동쪽으로 3.5km 떨어진 곳에 위치하고 있으며, 분석 결과는 2024년 4분기 및 2025년 1분기에 기대됩니다.
NexGen Energy a achevé sa campagne de forage 2024 à Patterson Corridor East (PCE), avec des résultats exceptionnels du trou RK-24-222 montrant un filon de 17,0 m de large avec de multiples minéralisations d'uranium à haute intensité. La campagne a couvert 34 000 mètres avec 46 trous de forage, dont 19 sur 30 ont croisé de la minéralisation. La zone minéralisée s'est étendue sur 600 m de longueur et 600 m de profondeur. Un sous-domaine de haute teneur couvre désormais 100 m de longueur et 170 m de profondeur. La découverte du PCE est située à 3,5 km à l'est du gisement Arrow, avec des analyses attendues pour le T4 2024 et le T1 2025.
NexGen Energy hat seine Bohrkampagne 2024 im Patterson Corridor East (PCE) erfolgreich abgeschlossen, mit außergewöhnlichen Ergebnissen aus dem Bohrloch RK-24-222, das einen 17,0 m breiten Gang mit mehreren hochintensiven Uranmineralisierungen zeigt. Die Kampagne erstreckte sich über 34.000 Meter und umfasste 46 Bohrlöcher, wobei 19 von 30 Löchern Mineralisierungen kreuzten. Die mineralisierte Zone hat sich auf eine Länge von 600 m und eine vertikale Ausdehnung von 600 m ausgeweitet. Ein hochgradiger Unterbereich deckt nun 100 m Länge und 170 m Tiefe ab. Die PCE-Entdeckung befindet sich 3,5 km östlich des Arrow-Vorkommens, mit erwarteten Analysen im Q4 2024 und Q1 2025.
- Discovery of significant uranium mineralization with best hole to date (RK-24-222) showing 17.0m wide vein
- Successful expansion of mineralized zone to 600m strike length and 600m vertical extent
- 19 of 30 holes intersected mineralization, including 10 holes with multiple intervals >10,000 cps
- High-grade sub-domain established covering 100m strike and 170m depth
- Assay results pending until Q4 2024 and Q1 2025
Insights
The discovery at Patterson Corridor East (PCE) represents a significant uranium mineralization expansion with impressive metrics:
- 600m strike length and 600m vertical extent
- 19 of 30 holes intersecting mineralization
- Best hole RK-24-222 showing a 17.0m wide vein with multiple off-scale readings >
61,000 cps
Located just 3.5km from NexGen's Arrow deposit, this discovery materially enhances the company's resource potential. The high-grade sub-domain covering 100m strike length and 170m depth extent, with growth potential in all directions, suggests significant resource expansion possibilities. The systematic drilling approach and real-time evaluation demonstrate strong exploration methodology.
With assays expected in Q4 2024 and Q1 2025 and exploration resuming in January 2025, this discovery positions NexGen favorably in the uranium sector amid growing nuclear power demand.
The technical specifications of this discovery are particularly impressive from a nuclear fuel perspective. The multiple intersections of >
The location within competent basement rock is advantageous for potential mining operations. The proximity to the Arrow deposit creates operational synergies and infrastructure advantages. With major tech companies increasingly committing to nuclear power, this discovery's timing aligns perfectly with growing uranium demand for baseload clean energy generation.
- NexGen's 2024 exploration campaign delivered a new discovery on Rook I at Patterson Corridor East ("PCE") 3.5km east of Arrow.
- Subsequent drilling has materially expanded the mineralized zone to 600 m strike length and 600 m vertical extent with 19 of 30 holes intersecting mineralization including 10 holes with multiple intervals >10,000 cps.
- Today's announcement highlights the best hole to date at PCE (RK-24-222) returns 17.0 m wide vein with multiple high intensity (>61,000 cps) occurrences.
- In 2024, PCE is the largest drill program in the
Athabasca Basin by any Company at 34,000 meters (m).
In late October, a high-grade portion has presented itself within the overall mineralized zone with upgraded intensity of mineralization in the now best hole to date, RK-24-222 (Figure 3). A 17.0 m wide vein with multiple occurrences of off-scale (>61,000 cps) mineralization (Table1, Figure 3). In addition, RK-24-220 and -223 intersected strong mineralization up to 41,000 cps and 40,000 cps, respectively including multiple intercepts of >10,000 cps. System strength is confirmed by these zones characterized by semi-massive to massive replacement by uraninite. A high-grade sub-domain of the mineralized footprint now covers 100 m of strike and 170 m of depth extent with potential growth in all directions (Figure 2). The high-grade intersection in RK-24-222 represents the fifth drillhole at PCE to return off-scale (>61,000 cps) mineralization, joining previous significant intersections in RK-24-183, -197, -202, and -207.
Leigh Curyer, Chief Executive Officer, commented: "This focused effort has elevated the materiality of PCE and today's results highlight the increasing potential of the PCE system with RK-24-222. With 600 m of strike length and 600 m of depth extent, this new zone located entirely within competent basement rock only 3.5 km from the flagship world-class Arrow deposit has emerged as a compelling and prospective addition to NexGen's dominant portfolio in the south western section of the
NexGen's disciplined dual focus on the advancement of the Rook I Project and the expanded exploration at PCE demonstrates the Company's commitment to unlocking the full potential of this major uranium district at a time where the need for clean affordable safe baseload energy has never been more evident. With the world's leading tech companies all committing to nuclear power in recent month's the outlook is incredibly exciting in the nuclear fuel space."
Assays from disclosed intersections are expected in Q4 2024 and Q1 2025, with reporting to follow. Exploration activity will resume in January 2025 with planning underway for a significant drill program at PCE where the prospectivity for material growth is clearly evident.
Table 1: 2024 Spectrometer results since previous release on August 8, 2024
Drillhole | Unconformity | Handheld Spectrometer Results (RS-125) | ||||||
Hole ID | Azimuth | Dip | Total | From | To (m) | Width | CPS Range | |
RK-24-208 | 310 | -70 | 756 | 104.3 | 435 | 435.5 | 0.5 | <500 |
435.5 | 436 | 0.5 | <500 - 710 | |||||
522 | 522.5 | 0.5 | <500 | |||||
523 | 523.5 | 0.5 | <500 | |||||
655 | 655.5 | 0.5 | <500 - 750 | |||||
655.5 | 656 | 0.5 | <500 | |||||
657.5 | 658 | 0.5 | <500 | |||||
658.5 | 659 | 0.5 | <500 | |||||
665.5 | 666 | 0.5 | <500 | |||||
666 | 666.5 | 0.5 | <500 - 610 | |||||
669.5 | 670.5 | 1 | <500 | |||||
670.5 | 671 | 0.5 | 560 - 950 | |||||
671 | 671.5 | 0.5 | 1400 - 3560 | |||||
673 | 673.5 | 0.5 | <500 - 690 | |||||
673.5 | 674 | 0.5 | 500 - 1140 | |||||
674 | 675 | 1 | <500 | |||||
680 | 681 | 1 | <500 | |||||
685.5 | 686 | 0.5 | <500 - 600 | |||||
686.5 | 687 | 0.5 | 600 - 800 | |||||
687 | 687.5 | 0.5 | 900 - 3000 | |||||
687.5 | 688 | 0.5 | <500 - 3000 | |||||
689 | 689.5 | 0.5 | <500 - 500 | |||||
689.5 | 690 | 0.5 | 1300 - 5700 | |||||
690 | 690.5 | 0.5 | <500 - 2400 | |||||
690.5 | 691 | 0.5 | <500 | |||||
691.5 | 692 | 0.5 | <500 - 1800 | |||||
692 | 692.5 | 0.5 | <500 - 1600 | |||||
692.5 | 693 | 0.5 | <500 | |||||
693 | 693.5 | 0.5 | <500 - 1300 | |||||
693.5 | 694 | 0.5 | <500 - 500 | |||||
694 | 694.5 | 0.5 | <500 - 610 | |||||
694.5 | 695 | 0.5 | <500 - 600 | |||||
695 | 695.5 | 0.5 | 550 - 1500 | |||||
695.5 | 696 | 0.5 | <500 - 3500 | |||||
696 | 696.5 | 0.5 | <500 - 810 | |||||
697.5 | 698.5 | 1 | <500 | |||||
RK-24-209 | 310 | -70 | 840 | 110.7 | 395 | 396 | 1 | <500 |
627.5 | 628 | 0.5 | <500 - 510 | |||||
695 | 695.5 | 0.5 | <500 | |||||
759 | 759.5 | 0.5 | <500 - 600 | |||||
RK-24-210 | 310 | -70 | 1095 | 102.4 | 639 | 639.5 | 0.5 | <500 |
639.5 | 640 | 0.5 | <500 - 510 | |||||
640 | 640.5 | 0.5 | <500 | |||||
854 | 854.5 | 0.5 | <500 - 700 | |||||
854.5 | 855 | 0.5 | <500 | |||||
855.5 | 856 | 0.5 | <500 - 1600 | |||||
856 | 856.5 | 0.5 | <500 - 1800 | |||||
857.5 | 858 | 0.5 | <500 | |||||
858 | 858.5 | 0.5 | <500 - 1600 | |||||
862 | 862.5 | 0.5 | <500 - 950 | |||||
863.5 | 864 | 0.5 | <500 - 700 | |||||
869 | 869.5 | 0.5 | <500 - 600 | |||||
869.5 | 870 | 0.5 | <500 - 500 | |||||
874.5 | 875 | 0.5 | <500 - 550 | |||||
875.5 | 876 | 0.5 | <500 - 3800 | |||||
876 | 876.5 | 0.5 | 2700 - 6500 | |||||
876.5 | 877 | 0.5 | <500 - 1100 | |||||
877 | 879 | 2 | <500 | |||||
879 | 879.5 | 0.5 | <500 - 1200 | |||||
879.5 | 880 | 0.5 | <500 - 700 | |||||
880 | 880.5 | 0.5 | <500 - 750 | |||||
880.5 | 881 | 0.5 | 600 - 1200 | |||||
881 | 881.5 | 0.5 | <500 - 600 | |||||
881.5 | 882 | 0.5 | <500 - 900 | |||||
882 | 882.5 | 0.5 | <500 - 1500 | |||||
882.5 | 883 | 0.5 | 800 - 3400 | |||||
883 | 883.5 | 0.5 | <500 - 520 | |||||
884.5 | 885 | 0.5 | <500 | |||||
885.5 | 886 | 0.5 | <500 - 600 | |||||
886 | 886.5 | 0.5 | <500 - 1100 | |||||
886.5 | 887 | 0.5 | <500 - 1600 | |||||
888 | 888.5 | 0.5 | <500 | |||||
888.5 | 889 | 0.5 | <500 - 900 | |||||
915.5 | 916.5 | 1 | <500 | |||||
920 | 920.5 | 0.5 | <500 - 500 | |||||
921 | 921.5 | 0.5 | <500 - 700 | |||||
921.5 | 922 | 0.5 | <500 | |||||
RK-24-211 | 310 | -70 | 1302 | 103.1 | 776.5 | 777 | 0.5 | <500 |
784 | 784.5 | 0.5 | <500 | |||||
1116.5 | 1117 | 0.5 | <500 | |||||
RK-24-212 | 315 | -70 | 137 | 121 | No Significant Intersections | |||
RK-24-213 | 310 | -70 | 936 | 87 | No Significant Intersections | |||
RK-24-214 | 310 | -70 | 989 | 111.6 | 463 | 463.5 | 0.5 | <500 |
466.5 | 467 | 0.5 | <500 | |||||
859.5 | 860 | 0.5 | <500 | |||||
862.5 | 863.5 | 1 | <500 | |||||
863.5 | 864 | 0.5 | <500 - 950 | |||||
865 | 865.5 | 0.5 | <500 | |||||
865.5 | 866 | 0.5 | <500 - 540 | |||||
866 | 866.5 | 0.5 | <500 - 1400 | |||||
867.5 | 868 | 0.5 | <500 | |||||
868 | 868.5 | 0.5 | <500 - 650 | |||||
868.5 | 869 | 0.5 | <500 - 2200 | |||||
869.5 | 870 | 0.5 | <500 | |||||
RK-24-215 | 310 | -70 | 840 | 114.8 | 542 | 542.5 | 0.5 | 600 - 1300 |
542.5 | 543 | 0.5 | 2200 - 3200 | |||||
543 | 543.5 | 0.5 | 6000 - 11000 | |||||
543.5 | 544 | 0.5 | <500 - 5000 | |||||
544 | 544.5 | 0.5 | <500 - 700 | |||||
544.5 | 545 | 0.5 | 600 - 3500 | |||||
545 | 545.5 | 0.5 | 500 - 1800 | |||||
545.5 | 546 | 0.5 | <500 - 700 | |||||
546 | 546.5 | 0.5 | <500 - 1400 | |||||
546.5 | 547 | 0.5 | <500 - 1150 | |||||
547 | 547.5 | 0.5 | <500 | |||||
551.5 | 552 | 0.5 | <500 - 1700 | |||||
552 | 553.5 | 1.5 | <500 | |||||
564.5 | 565 | 0.5 | <500 - 700 | |||||
570 | 570.5 | 0.5 | <500 | |||||
570.5 | 571 | 0.5 | <500 - 800 | |||||
571 | 571.5 | 0.5 | <500 | |||||
571.5 | 572 | 0.5 | <500 - 600 | |||||
572 | 572.5 | 0.5 | <500 | |||||
583.5 | 584 | 0.5 | <500 | |||||
584.5 | 585 | 0.5 | <500 | |||||
585 | 585.5 | 0.5 | 600 - 1500 | |||||
585.5 | 586 | 0.5 | <500 - 550 | |||||
586 | 586.5 | 0.5 | <500 - 700 | |||||
586.5 | 587 | 0.5 | <500 - 800 | |||||
587 | 588 | 1 | <500 | |||||
588 | 588.5 | 0.5 | 600 - 2000 | |||||
588.5 | 589 | 0.5 | 700 - 2100 | |||||
589 | 589.5 | 0.5 | <500 - 1300 | |||||
589.5 | 590 | 0.5 | 1200 - 1500 | |||||
590.5 | 591 | 0.5 | <500 | |||||
600 | 600.5 | 0.5 | <500 - 500 | |||||
604.5 | 605 | 0.5 | <500 | |||||
608.5 | 609 | 0.5 | <500 | |||||
609 | 609.5 | 0.5 | 800 - 2850 | |||||
609.5 | 610 | 0.5 | <500 | |||||
610 | 610.5 | 0.5 | <500 - 850 | |||||
621.5 | 622 | 0.5 | <500 - 1500 | |||||
622 | 622.5 | 0.5 | <500 - 700 | |||||
643 | 643.5 | 0.5 | <500 | |||||
646 | 646.5 | 0.5 | <500 - 700 | |||||
646.5 | 647 | 0.5 | <500 - 1300 | |||||
647 | 647.5 | 0.5 | <500 - 2500 | |||||
647.5 | 648 | 0.5 | <500 - 700 | |||||
648 | 649 | 1 | <500 | |||||
657 | 657.5 | 0.5 | <500 - 1200 | |||||
658 | 658.5 | 0.5 | <500 - 500 | |||||
658.5 | 659 | 0.5 | <500 - 500 | |||||
659 | 659.5 | 0.5 | <500 - 1950 | |||||
665.5 | 666 | 0.5 | <500 - 600 | |||||
681 | 681.5 | 0.5 | <500 - 900 | |||||
681.5 | 682 | 0.5 | <500 - 850 | |||||
RK-24-216 | 310 | -70 | 1071 | 99.7 | 787 | 787.5 | 0.5 | <500 - 600 |
787.5 | 788 | 0.5 | 1100 - 3700 | |||||
788 | 788.5 | 0.5 | 800 - 1200 | |||||
788.5 | 789 | 0.5 | <500 | |||||
789.5 | 790 | 0.5 | <500 - 700 | |||||
790 | 790.5 | 0.5 | <500 - 700 | |||||
790.5 | 791 | 0.5 | <500 | |||||
791.5 | 792 | 0.5 | <500 - 550 | |||||
805 | 805.5 | 0.5 | <500 - 740 | |||||
805.5 | 806 | 0.5 | <500 | |||||
807.5 | 808.5 | 1 | <500 | |||||
811.5 | 812 | 0.5 | <500 - 5800 | |||||
815 | 815.5 | 0.5 | <500 - 760 | |||||
815.5 | 816 | 0.5 | <500 - 700 | |||||
819 | 820 | 1 | <500 | |||||
RK-24-217 | 310 | -70 | 1185 | 105.6 | 519 | 520 | 1 | <500 |
528.5 | 529 | 0.5 | <500 | |||||
709 | 710 | 1 | <500 | |||||
RK-24-217a | 310 | -70 | 120 | 105.1 | No Significant Intersections | |||
RK-24-218 | 310 | -70 | 696 | 109.6 | 325.5 | 326 | 0.5 | <500 - 830 |
424.5 | 425 | 0.5 | <500 - 550 | |||||
425.5 | 426 | 0.5 | <500 | |||||
463.5 | 464 | 0.5 | <500 - 520 | |||||
494.5 | 495 | 0.5 | <500 - 550 | |||||
515.5 | 516 | 0.5 | <500 | |||||
516 | 516.5 | 0.5 | <500 - 700 | |||||
516.5 | 517 | 0.5 | <500 - 1200 | |||||
517 | 517.5 | 0.5 | 500 - 4300 | |||||
517.5 | 518 | 0.5 | <500 - 1200 | |||||
518 | 518.5 | 0.5 | 1000 - 2000 | |||||
518.5 | 519 | 0.5 | <500 - 1000 | |||||
RK-24-219 | 310 | -70 | 1187 | 99.8 | 758.5 | 759 | 0.5 | <500 - 1050 |
759.5 | 760 | 0.5 | <500 - 1100 | |||||
897.5 | 898 | 0.5 | <500 | |||||
982 | 982.5 | 0.5 | <500 - 570 | |||||
RK-24-220 | 310 | -70 | 732 | 116 | 387 | 387.5 | 0.5 | <500 |
445.5 | 446 | 0.5 | <500 - 510 | |||||
446 | 446.5 | 0.5 | <500 - 660 | |||||
446.5 | 447 | 0.5 | <500 | |||||
452 | 452.5 | 0.5 | <500 - 2400 | |||||
452.5 | 453 | 0.5 | <500 - 2000 | |||||
453 | 454.5 | 1.5 | <500 | |||||
454.5 | 455 | 0.5 | <500 - 650 | |||||
455.5 | 456 | 0.5 | <500 - 1700 | |||||
456 | 456.5 | 0.5 | 600 - 1300 | |||||
456.5 | 457 | 0.5 | <500 - 1200 | |||||
457 | 457.5 | 0.5 | 700 - 27000 | |||||
457.5 | 458 | 0.5 | 1700 - 41000 | |||||
459.5 | 460 | 0.5 | <500 - 550 | |||||
460 | 461 | 1 | <500 | |||||
461 | 461.5 | 0.5 | <500 - 7000 | |||||
461.5 | 462 | 0.5 | <500 - 6000 | |||||
462 | 462.5 | 0.5 | 740 - 2000 | |||||
462.5 | 463 | 0.5 | 3500 - 4500 | |||||
463 | 463.5 | 0.5 | 1300 - 6000 | |||||
463.5 | 464 | 0.5 | 600 - 6500 | |||||
464 | 464.5 | 0.5 | 600 - 2000 | |||||
464.5 | 465 | 0.5 | 700 - 4000 | |||||
465 | 465.5 | 0.5 | <500 - 5600 | |||||
465.5 | 466 | 0.5 | 1200 - 8200 | |||||
466 | 466.5 | 0.5 | <500 - 6000 | |||||
477.5 | 478 | 0.5 | <500 - 750 | |||||
478 | 478.5 | 0.5 | <500 - 800 | |||||
479 | 479.5 | 0.5 | <500 | |||||
479.5 | 480 | 0.5 | <500 - 800 | |||||
480 | 480.5 | 0.5 | <500 - 680 | |||||
480.5 | 481 | 0.5 | 680 - 1300 | |||||
481 | 481.5 | 0.5 | <500 - 600 | |||||
481.5 | 482 | 0.5 | <500 | |||||
482 | 482.5 | 0.5 | <500 - 520 | |||||
482.5 | 483 | 0.5 | <500 - 520 | |||||
483 | 483.5 | 0.5 | <500 | |||||
483.5 | 484 | 0.5 | <500 - 800 | |||||
484 | 484.5 | 0.5 | <500 - 1100 | |||||
484.5 | 485 | 0.5 | <500 - 16000 | |||||
485 | 485.5 | 0.5 | 3000 - 16000 | |||||
485.5 | 486 | 0.5 | <500 - 7000 | |||||
486 | 486.5 | 0.5 | <500 - 13000 | |||||
486.5 | 487 | 0.5 | <500 - 1200 | |||||
487 | 488 | 1 | <500 | |||||
489 | 489.5 | 0.5 | <500 - 640 | |||||
489.5 | 490 | 0.5 | <500 - 950 | |||||
490 | 490.5 | 0.5 | <500 - 800 | |||||
490.5 | 491 | 0.5 | <500 - 2100 | |||||
491 | 491.5 | 0.5 | <500 - 6000 | |||||
491.5 | 492 | 0.5 | <500 - 840 | |||||
495 | 495.5 | 0.5 | <500 | |||||
495.5 | 496 | 0.5 | <500 - 6800 | |||||
496 | 496.5 | 0.5 | <500 - 4100 | |||||
496.5 | 497 | 0.5 | <500 - 6000 | |||||
497 | 497.5 | 0.5 | 2600 - 2600 | |||||
497.5 | 498 | 0.5 | <500 - 500 | |||||
498 | 498.5 | 0.5 | <500 - 1800 | |||||
498.5 | 499 | 0.5 | <500 | |||||
503 | 503.5 | 0.5 | <500 - 1500 | |||||
503.5 | 504.5 | 1 | <500 | |||||
525.5 | 526 | 0.5 | <500 | |||||
539 | 539.5 | 0.5 | <500 | |||||
539.5 | 540 | 0.5 | 540 - 7300 | |||||
570.5 | 571 | 0.5 | <500 - 730 | |||||
579.5 | 580 | 0.5 | <500 | |||||
580 | 580.5 | 0.5 | <500 - 510 | |||||
580.5 | 581 | 0.5 | <500 - 520 | |||||
583 | 583.5 | 0.5 | <500 | |||||
583.5 | 584 | 0.5 | <500 - 1500 | |||||
584 | 584.5 | 0.5 | <500 - 620 | |||||
596.5 | 597 | 0.5 | <500 - 1300 | |||||
597 | 597.5 | 0.5 | <500 - 1300 | |||||
599.5 | 600 | 0.5 | <500 | |||||
RK-24-221 | 310 | -70 | 861.6 | 115.9 | 302 | 302.5 | 0.5 | <500 |
302.5 | 303 | 0.5 | <500 - 600 | |||||
303 | 303.5 | 0.5 | <500 - 830 | |||||
594.5 | 595 | 0.5 | <500 | |||||
595 | 595.5 | 0.5 | <500 - 1700 | |||||
597.5 | 598 | 0.5 | <500 - 5500 | |||||
599 | 599.5 | 0.5 | <500 - 2700 | |||||
642 | 642.5 | 0.5 | <500 | |||||
642.5 | 643 | 0.5 | <500 - 520 | |||||
643 | 643.5 | 0.5 | <500 - 1100 | |||||
644 | 644.5 | 0.5 | <500 | |||||
650.5 | 651 | 0.5 | <500 - 670 | |||||
697.5 | 698 | 0.5 | <500 | |||||
698 | 698.5 | 0.5 | <500 - 2300 | |||||
RK-24-222 | 354 | -65 | 753 | 108.4 | 588 | 588.5 | 0.5 | 770 - 1200 |
598 | 599.5 | 1.5 | <500 | |||||
602.5 | 603 | 0.5 | <500 - 820 | |||||
603 | 603.5 | 0.5 | 640 - 2000 | |||||
603.5 | 604.5 | 1 | <500 | |||||
604.5 | 605 | 0.5 | 3000 - 20000 | |||||
605 | 605.5 | 0.5 | 5800 - 17000 | |||||
605.5 | 605.6 | 0.1 | 18000 - 60000 | |||||
605.6 | 605.7 | 0.1 | >61000 | |||||
605.7 | 606 | 0.3 | 9000 - 60000 | |||||
606 | 606.5 | 0.5 | 1800 - 10000 | |||||
606.5 | 607 | 0.5 | <500 - 730 | |||||
607 | 607.4 | 0.4 | 3000 - 60000 | |||||
607.4 | 607.8 | 0.4 | >61000 | |||||
607.8 | 608 | 0.2 | 5000 - 60000 | |||||
608 | 608.2 | 0.2 | 16000 - 60000 | |||||
608.2 | 608.4 | 0.2 | >61000 | |||||
608.4 | 608.5 | 0.1 | 10000 - 60000 | |||||
608.5 | 609 | 0.5 | 6400 - 42000 | |||||
609 | 609.5 | 0.5 | 10000 - 25000 | |||||
609.5 | 610 | 0.5 | 7000 - 25000 | |||||
610 | 610.5 | 0.5 | <500 - 6000 | |||||
610.5 | 610.9 | 0.4 | 7000 - 60000 | |||||
610.9 | 611 | 0.1 | >61000 | |||||
611 | 611.5 | 0.5 | 4000 - 26000 | |||||
611.5 | 612 | 0.5 | 3000 - 10000 | |||||
612 | 612.5 | 0.5 | 700 - 3000 | |||||
612.5 | 613 | 0.5 | 3000 - 7000 | |||||
613 | 613.5 | 0.5 | 700 - 6000 | |||||
613.5 | 614 | 0.5 | 2000 - 33000 | |||||
614 | 614.5 | 0.5 | 900 - 6000 | |||||
614.5 | 615 | 0.5 | 1900 - 39000 | |||||
615 | 615.5 | 0.5 | 580 - 15000 | |||||
615.5 | 616 | 0.5 | 500 - 5000 | |||||
616 | 616.5 | 0.5 | 900 - 7500 | |||||
616.5 | 617 | 0.5 | 900 - 25000 | |||||
617 | 617.5 | 0.5 | 2800 - 14000 | |||||
617.5 | 618 | 0.5 | 1100 - 3500 | |||||
618 | 618.4 | 0.4 | 1300 - 60000 | |||||
618.4 | 618.5 | 0.1 | >61000 | |||||
618.5 | 619 | 0.5 | 15000 - 31000 | |||||
619 | 619.5 | 0.5 | 9800 - 39000 | |||||
619.5 | 620 | 0.5 | 3400 - 14500 | |||||
620 | 620.5 | 0.5 | 1800 - 24000 | |||||
620.5 | 621 | 0.5 | 2500 - 25000 | |||||
621 | 621.5 | 0.5 | <500 - 2800 | |||||
622 | 622.5 | 0.5 | <500 - 580 | |||||
622.5 | 623 | 0.5 | <500 - 800 | |||||
623 | 623.5 | 0.5 | 550 - 18000 | |||||
623.5 | 624 | 0.5 | 500 - 1400 | |||||
624 | 624.5 | 0.5 | <500 - 700 | |||||
624.5 | 625 | 0.5 | <500 - 10000 | |||||
625 | 625.4 | 0.4 | 500 - 60000 | |||||
625.4 | 625.5 | 0.1 | >61000 | |||||
625.5 | 626 | 0.5 | 700 - 40000 | |||||
627 | 627.5 | 0.5 | <500 | |||||
629 | 629.5 | 0.5 | <500 - 1000 | |||||
640 | 640.5 | 0.5 | <500 - 600 | |||||
640.5 | 641 | 0.5 | <500 - 510 | |||||
649 | 649.5 | 0.5 | <500 | |||||
658 | 658.5 | 0.5 | <500 - 800 | |||||
658.5 | 659 | 0.5 | <500 | |||||
665 | 665.5 | 0.5 | <500 | |||||
668 | 668.5 | 0.5 | <500 - 800 | |||||
668.5 | 669 | 0.5 | <500 - 560 | |||||
671 | 671.5 | 0.5 | <500 | |||||
687 | 687.5 | 0.5 | <500 | |||||
RK-24-223 | 345 | -66 | TBD | 106.8 | 336 | 336.5 | 0.5 | <500 - 800 |
633 | 633.5 | 0.5 | <500 - 7200 | |||||
633.5 | 634 | 0.5 | <500 - 40000 | |||||
634 | 634.5 | 0.5 | <500 - 1300 | |||||
634.5 | 635 | 0.5 | <500 - 1700 | |||||
635 | 635.5 | 0.5 | <500 | |||||
645.5 | 646 | 0.5 | <500 - 740 | |||||
646 | 646.5 | 0.5 | 2100 - 10000 | |||||
646.5 | 647 | 0.5 | 7500 - 24000 | |||||
647 | 647.5 | 0.5 | 1000 - 24000 | |||||
675 | 675.5 | 0.5 | 500 - 4200 | |||||
675.5 | 676 | 0.5 | 1200 - 7200 | |||||
676 | 676.5 | 0.5 | <500 - 3700 | |||||
678 | 678.5 | 0.5 | <500 - 700 | |||||
678.5 | 679 | 0.5 | <500 | |||||
679.5 | 680 | 0.5 | <500 - 800 | |||||
689.5 | 690 | 0.5 | <500 - 2500 | |||||
690 | 690.5 | 0.5 | 5000 - 14000 | |||||
690.5 | 691 | 0.5 | 4000 - 12000 | |||||
691 | 691.5 | 0.5 | <500 - 6000 | |||||
691.5 | 692 | 0.5 | 3000 - 12000 | |||||
692 | 692.5 | 0.5 | 5000 - 14000 | |||||
692.5 | 693 | 0.5 | <500 - 1100 | |||||
695.5 | 696 | 0.5 | <500 - 3100 | |||||
696 | 696.5 | 0.5 | <500 - 1500 | |||||
696.5 | 697 | 0.5 | <500 | |||||
702.5 | 703.5 | 1 | <500 | |||||
704.5 | 705 | 0.5 | <500 | |||||
713.5 | 714 | 0.5 | <500 - 1700 | |||||
714.5 | 715 | 0.5 | <500 | |||||
715 | 715.5 | 0.5 | <500 - 1200 | |||||
716 | 716.5 | 0.5 | 1200 - 1800 | |||||
716.5 | 717 | 0.5 | <500 - 1100 | |||||
717 | 717.5 | 0.5 | 1500 - 2200 | |||||
717.5 | 718 | 0.5 | <500 - 2000 | |||||
718 | 718.5 | 0.5 | <500 - 5100 | |||||
720.5 | 721 | 0.5 | <500 - 5900 | |||||
721 | 721.5 | 0.5 | <500 - 2000 | |||||
722 | 722.5 | 0.5 | 1100 - 12000 | |||||
722.5 | 723 | 0.5 | 1500 - 23000 | |||||
723 | 723.5 | 0.5 | 3500 - 37000 | |||||
726 | 726.5 | 0.5 | <500 - 3000 | |||||
726.5 | 727 | 0.5 | 3000 - 12000 | |||||
727 | 727.5 | 0.5 | <500 | |||||
737.5 | 738 | 0.5 | <500 - 5000 | |||||
738 | 738.5 | 0.5 | <500 - 1400 | |||||
743 | 743.5 | 0.5 | <500 - 700 | |||||
749 | 750 | 1 | <500 | |||||
756.5 | 757 | 0.5 | <500 | |||||
757.5 | 758 | 0.5 | <500 | |||||
758.5 | 759 | 0.5 | <500 | |||||
759 | 759.5 | 0.5 | <500 - 720 | |||||
760 | 760.5 | 0.5 | <500 - 3000 | |||||
763.5 | 764 | 0.5 | <500 - 650 | |||||
764.5 | 765.5 | 1 | <500 | |||||
765.5 | 766 | 0.5 | 900 - 3700 | |||||
766 | 766.5 | 0.5 | 800 - 15000 | |||||
766.5 | 767 | 0.5 | 800 - 25000 | |||||
767 | 767.5 | 0.5 | 1000 - 11000 | |||||
767.5 | 768 | 0.5 | <500 | |||||
772 | 772.5 | 0.5 | <500-500 | |||||
772.5 | 773 | 0.5 | <500 | |||||
773.5 | 774 | 0.5 | <500 - 700 | |||||
774 | 774.5 | 0.5 | <500 - 10000 | |||||
775 | 775.5 | 0.5 | <500 | |||||
RK-24-224 | 310 | -70 | TBD | 115.8 | TBD | |||
- 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.
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 were the key findings from NexGen's 2024 drilling program at PCE?
When will NXE release the assay results from the 2024 PCE drilling program?
How far is the PCE discovery from NexGen's Arrow deposit?
