NexGen Begins 43,000 Metre Drill Program Focused On 2024 Discovery

NexGen Energy (TSX: NXE) has begun an extensive exploration campaign within the Athabasca Basin. The program is centered on a new discovery made last year at Patterson Corridor East, which is 3.5 kilometers to the east of the Arrow deposit.

The exploration program is set to consist of 43,000 metres of drilling, with drilling to focus on testing the extents of the new discovery. Subsequent drilling at the discovery has outlined a mineralized footprint measuring 600 metres along strike with 600 metres of vertical extent, with at least five drill holes having returned off scale (>61,000 cps) mineralization at the discovery.

To date, 19 of the 30 holes conducted in the 2024 campaign intersected mineralization. Ten of those holes intersected intermittent widths of high grade mineralization in excess of 10,000 cps. Fully assay results are expected to be reported in Q1 2025 once received.

READ: NexGen Energy Sees CNSC Accept Final Environmental Impact Statement

Geophysics are also set to be employed as part of the exploration program, which will cover prospective areas to refine NexGen’s inventory of drill ready targets across its land claims.

“The scale of this year’s drill program speaks to our excitement for PCE and a commitment to efficiently and thoroughly assess it. Continuity of mineralization, as well as intensity of high-grade mineralization and alteration, indicate a system with strong potential for continued growth. These are compelling early days at PCE where we will remain solely focused on unlocking its full potential,” commented Jason Craven, VP of Exploration for NexGen.

NexGen Energy last traded at $9.70 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Forum Energy Options Off Interest In Northwest Athabasca Project To New Issue Global Uranium

Forum Energy (TSXV: FMC) has optioned off part of its interest in a joint venture...

Thursday, May 30, 2024, 09:15:58 AM

NexGen Receives Commission Hearing Dates For Rook I, While Local Indigenous Groups Issue Complaint Over Endless Delays From Feds

NexGen Energy (TSX: NXE) is one step closer to obtaining all the permits required for...

Wednesday, March 12, 2025, 08:42:14 AM

NexGen Energy Purchases Physical Uranium Worth US$250 Million In Deal With MMCap

NexGen Energy (TSX: NXE) has bolstered its balance sheet by acquiring a substantial amount of...

Wednesday, May 8, 2024, 08:22:52 AM

NexGen Reports 10.0% U3O8 Over 0.5 Metres At New Discovery

NexGen Energy (TSX: NXE) is reporting that it has hit additional uranium mineralization while drill...

Wednesday, May 29, 2024, 08:41:22 AM

NexGen To Raise C$180 Million In Australia To Improve ASX-Listing Liquidity

NexGen Energy (TSX: NXE) is aiming to raise hundreds of millions of dollars while the...

Tuesday, April 30, 2024, 08:43:25 AM