12m at 3.46% U3O8 Confirms NexGen’s Expanding Uranium Footprint
NexGen Energy has released final 2024 and new 2025 assay results from its Patterson Corridor East exploration, confirming significant high-grade uranium mineralization expansion near its flagship Arrow deposit.
- 12.0 m at 3.46% U3O8 including 0.5 m at 31.0% U3O8 in new assays
- Continuity of high-grade mineralization confirmed between key drill holes
- Patterson Corridor East emerging as a second major uranium system near Arrow
- Ongoing drilling campaign aims to delineate resource footprint and high-grade zones
- Rising global nuclear power demand underpins strategic importance of Rook I Project
Strong Assay Results Highlight PCE's Potential
NexGen Energy Ltd. has announced the completion of its 2024 assay results and unveiled new early 2025 data from its Patterson Corridor East (PCE) uranium exploration in Saskatchewan’s Athabasca Basin. The results include a standout intercept of 12.0 meters grading 3.46% uranium oxide (U3O8), with sub-intervals reaching an impressive 31.0% U3O8 over 0.5 meters. These findings reinforce the continuity and intensity of high-grade mineralization within PCE, located just 3.5 kilometers east of NexGen’s flagship Arrow deposit.
Emergence of a Second Major High-Grade System
According to CEO Leigh Curyer, PCE is rapidly establishing itself as a second major high-grade uranium system, mirroring many geological characteristics of Arrow. The recent assays demonstrate a consistent mineralized footprint with high-grade subdomains, confirmed by drill holes spaced 100 meters apart along the mineralized plunge. This continuity is a promising indicator of the scale and quality of the resource, which remains open in all directions, suggesting significant upside potential as drilling continues.
Strategic Timing Amid Growing Nuclear Demand
The announcement comes at a time when global demand for nuclear power is accelerating, driven by energy security concerns and decarbonization efforts. NexGen’s Rook I Project, which includes PCE, is positioned to become the world’s largest low-cost uranium mine, supported by strong environmental and social governance standards. The company emphasizes its role in meeting the surging demand for clean energy fuel, highlighting the Athabasca Basin’s strategic importance for local communities and the broader Canadian economy.
Focused Exploration and Resource Expansion
Vice President of Exploration Jason Craven noted that the majority of the 2025 drilling campaign is still ahead, with the team focused on efficiently expanding the resource footprint and delineating the high-grade zones within PCE. The systematic approach to exploration aims to replicate the success achieved at Arrow, leveraging cost-effective drilling and rapid assay turnaround to accelerate resource definition.
Looking Ahead
While the assay results are encouraging, true thicknesses of mineralized intervals are yet to be determined pending further resource modeling and an updated mineral resource estimate. NexGen’s forward-looking statements caution investors about the usual risks inherent in exploration and market conditions. Nonetheless, these results mark a significant milestone in the company’s growth trajectory and reinforce its strategic positioning in the uranium sector.
Bottom Line?
NexGen’s expanding high-grade uranium discovery at Patterson Corridor East signals growing momentum ahead of a pivotal resource update.
Questions in the middle?
- How will upcoming assay results further define the size and grade of the PCE mineralization?
- What impact will these findings have on NexGen’s overall resource estimate and project economics?
- How might rising uranium prices and global nuclear policies influence NexGen’s development timeline?
