07:38 AM EDT, 03/11/2024 (MT Newswires) -- NexGen Energy Ltd. ( NXE ) on Monday reported the discovery of new intense uranium mineralization on its 100% owned SW2 Property, 3.5 kilometers east of NexGen's Arrow Deposit.

The company intersected localized uranium mineralization for 19.8 meters between 347.7 and 367.5 meters, with peaks up to >61,000 counts per second. Exploration is predominantly open in all directions, including over 1.5 kilometers along strike.

Follow-up drilling intersected anomalous features, including hematite-quartz breccia, strong silicification, dravitic clay fracture fill, redox alteration, and elevated radioactivity similar to early discovery holes at Arrow in 2014 at the upper limits of that system, the company said.