- 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).
VANCOUVER, BC, Nov. 12,
2024 /CNW/ - NexGen Energy Ltd. ("NexGen" or the
"Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is proud to
announce the completion of its 2024 drilling campaign at Patterson
Corridor East (PCE) that included more than 34,000 m across a total of 46 drillholes. Upon
initial discovery of intense uranium mineralization at PCE (see
March 11 News Release), the Company
directed all drilling activity to focus exclusively on PCE, whereby
19 of 30 holes intersected mineralization. Bold and systematic
spacing of drillhole intercepts have quickly grown the discovery
from a single hole to a broad and continuous new uranium discovery.
Real-time evaluation of results throughout the duration of the
program focused on determining the overall outer extents of the
mineralized zone and in parallel, precisely targeting high-grade
sub-domains (Figures 1 and 2, Table 1).
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 Athabasca Basin.
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
Depth (m)
|
Handheld
Spectrometer Results (RS-125)
|
|
Hole
ID
|
Azimuth
|
Dip
|
Total
Depth (m)
|
From
(m)
|
To
(m)
|
Width
(m)
|
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 Saskatchewan will provide generational
long-term economic, environmental, and social benefits for
Saskatchewan, Canada, and the
world.
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
Vancouver, British Columbia, with
its primary operations office in Saskatoon, Saskatchewan.
www.nexgenenergy.ca
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 U.S. reporting companies subject
to the reporting and disclosure requirements of the SEC
Accordingly, information concerning mineral deposits set forth
herein may not be comparable with information made public by
companies that report in accordance with U.S. standards.
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 U.S.
dollar, that mineral resources and reserves are not as estimated,
that actual costs or actual results of reclamation activities are
greater than expected, that changes in project parameters and plans
continue to be refined and may result in increased costs, of
unexpected variations in mineral resources and reserves, grade or
recovery rates or other risks generally associated with mining,
unanticipated delays in obtaining governmental, regulatory or First
Nations approvals, risks related to First Nations title and
consultation, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licences, risks related to changes
in laws, regulations, policy and public perception, as well as
those factors or other risks as more fully described in NexGen's
Annual Information Form dated March 6,
2024 filed with the securities commissions of all of the
provinces of Canada except Quebec and in
NexGen's 40-F filed with the United States Securities and Exchange
Commission, which are available on SEDAR
at www.sedar.com and Edgar
at www.sec.gov .
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.