NexGen Energy Ltd: Expanded exploration program for 2023

NexGen Energy Ltd. today announced the launch of an expanded exploration program for the year 2023, with a clear focus on testing the promising mineralized zones identified in the southwestern Athabasca Basin of Saskatchewan.

Share:

NexGen Energy Ltd. today announced the launch of an expanded 2023 exploration program designed to explore the prospective areas identified by the 2022 detailed geophysical survey. The company has also planned a major geophysical program in 2023 to generate drill targets in high priority areas of its mineral tenure in the southwestern Athabasca Basin, Saskatchewan.

 

Use of muon tomography to optimize time and costs

CEO Leigh Curyer commented, “We are excited to begin this expanded exploration program in 2023. We aim to test new “Arrow” type mineralized zones on our dominant land position in the southwestern Athabasca Basin. We are committed to optimizing our drilling time and cost through the use of advanced techniques such as muon tomography.”

Grant Greenwood, Vice President of Exploration, added, “The 2022 drilling program highlighted many promising zones for follow-up drilling in 2023. We are excited to refine the stacked anomalies identified through the geophysical surveys and the encouraging results from the 2022 drilling.”

 

Contributing to decarbonization, energy security and access to energy for all

The 2023 exploration drilling will include 22,500 metres of drilling in nine (9) conductive trends, with up to three (3) rigs in operation. The goal of this program is to systematically test the priority conductors identified by the 2022 geophysical survey and the encouraging results of the 2022 drilling.

In conclusion, NexGen Energy Ltd. is gearing up for an exciting year in 2023 with the launch of this expanded exploration program, which aims to explore promising mineralized zones and refine identified stacked anomalies with state-of-the-art techniques. The company aims to address the major global challenges of decarbonization, energy security and energy access for all, while setting new standards in sustainability for all stakeholders.

The Russian Ministry of the Economy forecasts $239.7 billion in revenues from oil and gas exports in 2024, up $17.4 billion on previous estimates.
US energy companies this week reduced the number of oil and gas rigs in operation to the lowest level since January 2022, according to Baker Hughes.
Noble Corporation plc announces the acquisition of Diamond Offshore Drilling, Inc. in a transaction valued at $1.9 billion, strengthening its position in the offshore drilling sector.
Zion Oil & Gas starts recompletion operations on its MJ-01 well in Israel, despite logistical challenges linked to the ongoing conflict.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
ADNOC Gas is moving ahead with a desulfurization project aimed at reducing the sulfur content of its LNG to less than 1 mg/m³ by 2025-26.
ArcelorMittal is set to buy Apollo's stake in Vallourec for 955 million euros, becoming its reference shareholder. This transaction underlines a shared focus on decarbonization and energy transition.
The record increase in Russian crude oil exports to China via the Northern Sea Route in 2023 underlines the changing dynamics of the global oil trade.
Aramco successfully starts tight gas production at South Ghawar, ahead of schedule.
Successful launch of the Seagull field in the North Sea by bp, Neptune Energy and JAPEX, strengthening the UK's energy supply.
ExxonMobil has launched a tender for a $75 million project to build a pipeline in Argentina, as part of its efforts to boost oil production in the Vaca Muerta shale field.
A UN report reveals a worrying gap between fossil fuel production and the objectives of the Paris Agreement.
BP announced on November 6 the delayed start-up of oil and gas production from the Seagull project, a 54 million barrel oil equivalent link to the main hub of the group's Trough Area East field, which in turn feeds the Forties crude oil volumes.
Arabian Drilling, supplier of drilling rigs for oil and gas projects in Saudi Arabia, reports record demand of 12.7 billion rials to September 30.
The oil and gas industry uses artificial intelligence to reduce methane emissions, highlighting Project Canary's role in continuous emissions monitoring.
Growing demand for oil and gas services is forecast for 2024 and beyond, with long-term investments and technological advances reinforcing the sector's stability.
TotalEnergies plans to increase hydrocarbon production despite calls to reduce fossil fuels.
Strikes at Australian LNG facilities are pushing up natural gas prices in Europe, while oil prices remain high despite recent profit-taking, due to the extension of production restrictions by Saudi Arabia and Russia. Concerns about demand persist, not least because of the weakness of the Chinese economy.
Steel tube producer Emek Boru joins Galaxie Corporation to sell its assets in Turkey. The plant offers three spiral tube production lines, with certified and functional equipment.