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NexGen expands uranium deposit in Patterson Corridor East by 94 meters

Drilling results at NexGen Energy’s Patterson Corridor East project in Saskatchewan show a 17% increase in high-grade mineralization depth, with two holes exceeding 61,000 counts per second. The company has drilled 20,139 meters of a 42,000-meter 2026 program.

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David Chen · Commodities Desk · 25 Aug 2026 · 17:09 · 1 min read
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NexGen expands uranium deposit in Patterson Corridor East by 94 meters

NexGen Energy Ltd. said on Monday it has expanded the vertical extent of the high-grade uranium subdomain at its Patterson Corridor East project in northern Saskatchewan by 94 meters, a 17% increase to 644 meters, following recent drilling results.

The company reported a uranium mineralization intersection at 930 meters depth in drill hole RK-26-293, while RK-26-290c1 intercepted multiple overlapping uranium veins across 40 meters of the high-grade subdomain. This included 19.5 cumulative meters above 10,000 counts per second, with 12.9 meters containing a 5.2-meter section exceeding 61,000 counts per second. NexGen described RK-26-290c1 as its best hole to date at Patterson Corridor East based on the >61,000 counts-per-second readings.

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A separate hole, RK-26-294, intercepted 6.9 cumulative meters above 10,000 counts per second, including 3.1 meters exceeding 61,000 counts per second, located 27 meters along-strike from a previously disclosed hole, RK-24-222. NexGen noted that RK-26-290c1 and RK-26-294 represent the two best holes drilled in 2026 to date.

Additional drilling, including hole RK-26-296, expanded the high-grade subdomain up-dip by 50 meters along strike, while the overall strike length remained at 210 meters. The company said recent drilling focused on confirming down-dip interpretations, with mineralization remaining open in most directions. A fifth drill rig was added to support ongoing exploration.

As of the announcement, NexGen had completed 20,138.7 meters of a planned 42,000-meter drilling program for 2026. The company used an RS-125 natural gamma ray spectrometer from Radiation Solutions Inc. to gather radiation measurements, noting that total gamma count readings may not directly correlate to uranium grades.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
David Chen
Commodities Desk

David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.

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