NexGen Energy (ASX:NXG, TSX:NXE, NYSE:NXE) has updated the market on new exploration results from the Patterson Corridor East (PCE) area. Uranium mineralisation extends over an at least 600m vertical by 600m strike area with higher grades concentrated at central core of the footprint. The presence of uranium mineralisation of significant grade and concentration at PCE suggests the host structure is live for discovery of economic ore bodies. We are becoming increasingly confident that Rook I’s planned 11-year mine life will be extended via discovery of satellite deposits. Potential share price catalysts include the conclusion of the EIS review by the CNSC (scheduled November 19th), assay results and news regarding financing and/or uranium contracting.
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