With a strong portfolio considered to be the among the most
prospective uranium properties known, NexGen has the most
significant land position in Saskatchewan’s southwest Athabasca
Basin, where it holds 190,000 hectares.
The vast land package held by NexGen along the southwestern boundary of the Athabasca Basin in northern Saskatchewan, at SW1, SW2 (home of Arrow at the Rook I Project) and SW3, is considered by industry experts to be the pre-eminent uranium exploration area globally for high-grade, high-tonnage mineralization. This is a function of the world-class, high-grade, and high-tonnage mineralization discovered to date. Extensive geophysical surveys conducted over the past 10 years have identified numerous, untested targets on anomalies consistent with known mineralization.
Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery which is the largest development-stage uranium deposit in Canada. Additionally, the Company discovered "South Arrow" (July 2017), “Harpoon” (August 2016), "Bow" (March 2015) and “Cannon” (April 2016) 400 m, 4.7 km, 3.7 km and 1.3 km away from Arrow, respectively. Harpoon is the most significant mineralized area since the discovery of Arrow. The company remains well-funded to continue through advanced engineering in support of mine and mill construction at the Arrow Deposit, and for further exploration drilling on the Rook I property.
NexGen’s 2023 exploration program is designed to follow-up positive results from the 2022 exploration drill program and test prospective areas highlighted by detailed 2022 geophysical surveys. Additionally, NexGen is undertaking a substantial geophysical program in 2023 for drill target generation across high priority areas of NexGen’s mineral tenure (SW1, SW2 and SW3) in the southwest Athabasca Basin, Saskatchewan. The geophysical program includes cosmic ray muon tomography initiated in 2022 on the Patterson Corridor at NexGen’s 100% owned Rook I property as part of Ideon Technologies’ early access program for first implementation of innovative muon detecting instrumentation in boreholes.
Through exploration drilling and strategic geophysical surveys, NexGen is progressing high priority targets to advance towards the discovery of additional material mineralization. The focus of this expanded exploration program is to test for new “Arrow-type” mineralized zones across NexGen’s dominant land position in the southwest Athabasca Basin.