Bullboard - Stock Discussion Forum Bayridge Resources Corp C.BYRG

Alternate Symbol(s): BYRRF

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Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium and lithium projects. The 1,337 hectares (ha) Waterbury East project is located 25 kilometers (km) northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. The Waterbury East Project has over 200 meters of Athabasca sandstone cover overlying the basement rocks of the Wollaston... see more

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Bayridge Resources Corp > Drilling Update at Waterbury East Project... 10/16/24

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Post by zack50 on Oct 16, 2024 10:31am

Drilling Update at Waterbury East Project... 10/16/24

Bayridge Resources has completed the first two holes of its fall 2024 drilling program at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin.

The first two holes, WB24-001 and WB24-002, tested the strike projection to the east and west of the CanAlaska 2006 drill hole WAT005 which encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment, containing a highlight value of 324 ppm U over 0.6 m in a structurally controlled zone.

VTEM interpretation by in3D Geoscience suggests 2006/2007 drilling of the VTEM conductor was actually short of the conductor and also the strength of the conductor may be stronger than previously thought. *Readers are cautioned that Bayridge has not verified the historical 2006 drill results.

Drilling is progressing well and completion of the fully funded phase I program is anticipated by month's end. Hopefully, preliminary results will be released late in Q4.

Drilling has now moved on to test a second strong conductor, approximately 1000m to the southwest.