NexGen Announces Additional Mineralization Discovered at Patterson Corridor East, Assays from RK-24-183 and Commencement of Expanded Summer Exploration Program

Core Insights - NexGen Energy is advancing its exploration efforts at the Rook I Project, focusing on high-grade uranium discoveries and expanding its drilling program significantly [1][2][3][4][5][6]. Exploration and Drilling - The summer drilling program has been expanded to utilize four drill rigs, targeting a total of 22,000 meters at the PCE system, which is nearly three times the winter program [5][6]. - Recent assays from drill hole RK-24-183 confirmed high-grade uranium veins over a 20-meter interval, with intersections totaling 13.5 meters at 0.78% U3O8, including notable sections of 0.5 meters at 10% U3O8 and 6.23% U3O8 [1][9]. - Drill results from RK-24-193 showed elevated radioactivity over 67.5 meters, indicating strong mineralization similar to early discovery holes at Arrow [3][9]. Geological Insights - Geological assessments suggest a high prospectivity for an additional mineralized system located 3.5 kilometers east of Arrow, which will be a focus of the summer exploration program [2]. - Drill results from RK-24-180, RK-24-192, and RK-24-194 indicate a potential supplementary uranium-bearing trend, effectively doubling the size of the system to be tested this summer, with an approximate extent of 1.5 kilometers long by 1.2 kilometers wide [4][5]. Company Overview - NexGen Energy is focused on developing the Rook I Project into the largest low-cost uranium mine globally, emphasizing elite environmental and social governance standards [10]. - The company is listed on multiple stock exchanges, providing global investors access to its mission of addressing challenges in decarbonization, energy security, and access to power [11].