Greenridge to acquire Saskatchewan uranium project

The Project consists of 7 mineral claims covering 13 387 ha. near the Southern Margin of the Athabasca Basin.

Highlights

• The Carpenter Lake Uranium Project is fully permitted for an extensive drilling programme.
• The Project hosts extensive previous exploration with multiple high priority targets across the Cable Bay Shear Zone.
• The Project covers 13 387 ha. of the Cable Bay Shear Zone parallel to the Virgin River Shear Zone.
• Cameco’s Centennial deposit is located 45 km southeast of the Project.
• The Project is 95 km west of Cameco’s past producing Key Lake uranium mine which extracted over 220 million lbs. of uranium by open pit at an average grade of 2.3% U₃O₈ from 1983 – 1997.
• Historical sampling from 2014 reveal multiple radioactive boulders on the Project with three over 1000 ppm uranium, and up to 1550 ppm uranium.

Russell Starr, Chief Executive Officer of the Company, commented, “The Carpenter Lake Project compliments the Company’s uranium portfolio perfectly. Greenridge is now positioned with highly advanced projects in the world’s top uranium jurisdictions, the Athabasca Basin and the Thelon Basin. Previous exploration has identified multiple highly prospective priority areas, which will be the main focus of our future exploration programmes. The Project is fully permitted which allows the Company to quickly build on previous exploration efforts with a summer exploration programme which may include drilling high priority targets.”

Read the article online at: https://www.globalminingreview.com/mining/31052024/greenridge-to-acquire-saskatchewan-uranium-project/