Greenridge Exploration Announces Increase in Land Position Highlights
- The newly acquired claims boast high-grade samples of up to 10.4% U3O8 and 5.51% Cu3 5 kilometers along the trend of the historical drilling that intersected up to 9ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8ft depth.1
- The Project now consists of four contiguous mineral licences encompassing a total land area of approximately 5,854ha (~59km²) (Please see Figure 1).
- The Project sits within an intersection of multiple tectonic features including reactivated basement faults and a major unconformity.
- The extent of the mineralization in the #3 showing area appears to be 8.4 meters of strike length, tested to a depth of 12.5 meters and thus should be followed up on to extend.
- The combination of historically defined anomalies, an increase in the availability of modern exploration techniques and a proven model for success in the Thelon Basin provide prime ingredients for the potential of delineating a robust uranium system within the Project area.
VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce that it has acquired through staking a 100% interest (the "Acquisition") in the Nut Lake Uranium South claims (the “Claims”) located in the Thelon Basin, Nunavut Territory. The newly staked Claims contain historical grab sample results of up to 10.39% U3O8 and 5.51% Cu. The new Claims cover an area of ~1,818 ha (18km2) making the Nut Lake Project (the “Project”) now a total of ~5,854 ha (59km2)
Greenridge Exploration Announces Increase in Land Position (globenewswire.com)