Latest news with #Greenridge
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
Greenridge Exploration Commences Airborne Electromagnetic Survey for the Flying Vee Nickel Project in Northern Saskatchewan
VANCOUVER, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) — Greenridge Exploration Inc. ('Greenridge' or the 'Company') (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce it has commenced a helicopter-borne time-domain electromagnetic ('HTDEM') survey (the 'Program') on the Flying Vee Nickel Project ('Flying Vee', or the 'Project'). Axiom Exploration Group Ltd. of Saskatoon, Saskatchewan, Canada ('Axiom') is contracted to perform a high-resolution Xcite™ survey at the Project. Flying Vee consists of seven (7) mineral claims comprising a total area of 10,734 hectares (26,524 acres) located approximately twenty-five (25) kilometres north of Stony Rapids, Saskatchewan. The 2025 Program is designed to further delineate known conductive structural corridors at the Project that could be prospective for hosting sulphide mineralization, including metals such as nickel, copper, cobalt and gold. Russell Starr, Chief Executive Officer of the Company stated, 'We are pleased to announce a high-resolution HTDEM survey at Flying Vee, with the goal of improving the definition of conductive geological features on the Project. The results will be integrated with historical survey data to guide further exploration and add a higher degree of confidence to drill targeting.' Highlights of the Upcoming Flying Vee Airborne Survey Figure 1. Axiom's Xcite™ HTDEM survey in progress About Flying Vee Flying Vee is located approximately twenty-five (25) kilometres north of Stony Rapids, Saskatchewan, and lies within the Tantato Domain, otherwise known as the East Athabasca Mylonite Triangle, which forms a segment of the Snowbird Tectonic Zone. Numerous mineral showings are found within and near Flying Vee, including the on-property Nickel Lake East and West nickel showings, and the off-property Axis Lake nickel-copper deposit ('Axis Lake') located approximately fifteen (15) kilometres to the southwest within Greenridge's 100%-owned Firebird Nickel Project (please see Figure 2). Figure 2. Flying Vee Project Location, Eastern Athabasca Basin Region Nickel-Copper-Cobalt Exploration at Flying Vee Two main periods of historical exploration by several exploration companies are documented at Flying Vee from 1956 to 1988 and from 2007 to 2009, consisting of prospecting and mapping, trenching, airborne and ground geophysical surveys, and diamond drilling. Several trenches were completed between 1957 and 1962 in the eastern part of the Project area south of Nickel Lake that outlined norite-hosted nickel-copper mineralization at surface. Thirteen (13) shallow diamond drillholes were completed in 1964 with the best result in Hole #3, which returned 0.89% nickel and 0.32% copper over 0.79 metres from 11.59 to 12.38 metres.1 Greenridge terms this area as the 'Nickel Lake East' showing. In 2022, ALX Resources Corp., ('ALX') a company acquired by Greenridge in December 2024, revisited Nickel Lake East to prospect the surface trace of a 2022 airborne EM anomaly and collected a grab sample that returned 1.11% nickel and 0.42% copper from a historical trench. ALX's subsequent geophysical modeling of the conductive anomaly at Nickel Lake East showed that none of the thirteen holes drilled in 1964 intersected the main body of the 2022 EM conductor, despite five of the shallow drill holes intersecting modest values of nickel.2 Airborne electromagnetic surveys completed in 2007 and 2008 by Strongbow Exploration Inc. ('Strongbow') detected a favorable conductive zone with a coincident magnetic anomaly at the Nickel Lake West showing. In 2008, Strongbow tested the Nickel Lake West anomaly with drillhole NL08-01, intersecting semi-massive pyrrhotite along with chalcopyrite and minor pentlandite that returned 1.89% nickel, 0.96% copper, and 0.11% cobalt over a 0.80 metre interval from 80.15 to 80.95 metres (measured downhole drill depths, please see Figure 3).3 Figure 3. Strongbow's hole NL08-01 returned 1.89% nickel, 0.96% copper and 0.11% cobalt Gold Exploration In 1968, a gossan zone was discovered at Day Lake within the current Project area, which hosts disseminated pyrite and arsenopyrite mineralization. A selected grab sample assayed 0.81 ounces/ton (27.77 grams/tonne) gold.4 Diamond drilling was carried out in the Day Lake area in 1986 by Colchis Resources, intersecting anomalous gold and silver mineralization. ALX revisited the Day Lake gold showing in 2020 and sampled anomalous gold concentrations ranging up to 8.34 grams/tonne gold from arsenopyrite-bearing gossanous outcrop and historical pits.5 Greenridge's 2025 Exploration Goals at Flying Vee Greenridge plans to integrate the results of the 2025 HTDEM survey with historical geological and geophysical data to better delineate the footprint of known mineralized zones at Flying Vee. The Company considers Flying Vee underexplored in the modern era of mineral exploration and believes that the Project has the potential to host an economic base metals deposit. The Company holds an active exploration permit for surface prospecting and sampling, airborne and ground geophysics, and drilling of up to 100 drill holes, valid to March 31, 2028. Statement of Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Sean Hillacre, P. Geo., Technical Advisor and a geological consultant to the Company and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects . Mr. Hillacre has examined information regarding the historical exploration at the Project, which includes a review of the historical sampling, analytical and procedures underlying the information and opinions contained herein. Management cautions that historical results collected and reported by operators unrelated to Greenridge have not been verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work at the Project. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Project. About Greenridge Exploration Inc. Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada. The Company owns or has interests in 27 projects and additional claims covering approximately 335,825 hectares with considerable exposure to potential uranium, lithium, nickel, copper and gold discoveries. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects. Greenridge has one of the largest uranium property portfolios in Canada consisting of 16 projects and additional prospective claims covering approximately 221,509 hectares. The Company has opportunities to realize value in a further 11 strategic metals projects which include lithium, nickel, gold, and copper exploration properties totalling approximately 114,316 hectares. Project highlights include: The Company has strategic partnerships which includes properties being operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The Company's management team, board of directors, and technical team brings significant expertise in capital raising and advancing mining projects and is poised to attract new investors and raise future capital. References: 1 – Saskatchewan Mineral Assessment Database ('SMAD'), Report #74P12-002, 1964. 2 – Flying Vee Nickel Project: ALX Resources Corp. News Release dated November 8, 2022. 3 – Saskatchewan Mineral Assessment Database ('SMAD'), Report #74P11-0016, 2008. 4 – Saskatchewan Mineral Assessment Database ('SMAD'), Report #74O07-0021, 1968. 5 – Flying Vee Nickel Project: ALX Resources Corp. News Release dated July 27, 2020. 6 – Black Lake: UEX Corporation News Release dated October 12, 2004. 7 – Gibbons Creek: Lakeland Resources Inc. News Release dated January 8, 2014. 8 – McKenzie Lake: ALX Resources Corp. New Release dated November 7, 2023. 9 – Nut Lake: 1979 Assessment Report (number 81075) by Pan Ocean Oil Ltd. 10 – Nut Lake: Greenridge Exploration Inc. News Release dated February 19, 2024. 11 – Firebird Nickel: ALX Resources Corp. New Release dated April 15, 2020. 12 – Electra Nickel: ALX Resources Corp. New Release dated July 20, 2022. On Behalf of the Board of Directors of Greenridge Russell Starr Chief Executive Officer, Director Telephone: +1 (778) 897-3388 Email: info@ Disclaimer for Forward-Looking Information This news release includes certain 'Forward-Looking Statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' under applicable Canadian securities laws. When used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target', 'plan', 'forecast', 'may', 'would', 'could', 'schedule' and similar words or expressions, identify forward-looking statements or information. Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Greenridge, future growth potential for Greenridge and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of uranium, nickel, copper, gold, cobalt and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Greenridge's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. This news release contains 'forward-looking information' within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the Project and its mineralization potential; the Company's objectives, goals, or future plans with respect to the Project; further exploration work on the Project in the future; and completion of the Program. With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of well results and the geology, continuity and grade of uranium, nickel, copper, gold, cobalt and other metal deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. The photos accompanying this announcement are available at
Yahoo
04-06-2025
- Business
- Yahoo
Greenridge Exploration acquires Raven Uranium Project in Saskatchewan, Canada
Greenridge Exploration has acquired the Raven Uranium Project in the Athabasca Basin, Saskatchewan, Canada, through low-cost staking, with no underlying royalties. The project comprises four mineral claims spread over 6,269 hectares (ha) and is located near the McArthur River Uranium Mine. The Raven Uranium Project, now 100% owned by Greenridge, is positioned near the eastern margin of the Athabasca Basin, around 65km south-east of the McArthur River Uranium Mine. Greenridge Exploration's acquisition includes new claims that are contiguous to a single claim already in the company's possession. Raven is characterised by more than 9km of a historical electromagnetic conductor aligned with a magnetic low, indicative of potential uranium mineralisation. The region is known for its structural trends, which, when intersected by brittle faults, are considered highly prospective for uranium deposits. Despite its promising features, Raven has no known historical drill-holes, leading Greenridge to consider the property under-explored. Greenridge possesses data from a 2021 high-resolution airborne magnetic and radiometric survey conducted over Raven. This technology previously aided in the discovery of uranium-bearing boulders at Patterson Lake, leading to the notable Triple R find in November 2012. Although follow-up prospecting based on historical radiometric surveys has been limited, the company has recommended conducting further surface work. The company is considering a helicopter-borne electromagnetic survey in 2025, which may coincide with other planned surveys in the area. In October of the previous year, Greenridge Exploration signed a binding agreement to acquire ALX Resources, marking a strategic move to become a dominant player in the Canadian uranium exploration sector. This merger creates a combined entity with interests in 16 uranium exploration projects covering approximately 220,000ha across the Athabasca Basin, Thelon Basin and Elliot Lake. "Greenridge Exploration acquires Raven Uranium Project in Saskatchewan, Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hamilton Spectator
30-04-2025
- Business
- Hamilton Spectator
Greenridge Exploration Completes Airborne MobileMT Survey at the Sabre Uranium Project in Athabasca Basin, Saskatchewan
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) — Greenridge Exploration Inc. ('Greenridge' or the 'Company') (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) is pleased to announce the completion of a high-resolution helicopter-borne Mobile MagnetoTellurics System ('MobileMT') survey at the Sabre Uranium Project (the 'Sabre Property' or the 'Project') located in the northern Athabasca Basin region of Saskatchewan, Canada. The Project-wide MobileMT survey completed by Expert Geophysics Surveys Inc. ('EGS') consisted of 1,536 line-kilometres flown at 200-metre line spacings over a 232 square kilometre area. The MobileMT survey was implemented to map sub-surface magnetic signatures and detect conductive zones within the margin of the Athabasca Basin sandstones that may be prospective for hosting unconformity-related uranium mineralization. Figure 1 - Sabre Property; 2025 Airborne MobileMT Survey Flightlines, Athabasca Basin The Company believes that its use of the MobileMT system is ideal for the advancement of exploration at the Sabre Property through delineation of major conductive structural systems, and the Company looks forward to the interpretation of the 2025 results to develop new drill targets. In conjunction with the processing and interpretation of the 2025 MobileMT data, Greenridge plans to undertake an extensive geophysical data compilation, which would include the following historical datasets: The Sabre Property is fully-permitted for uranium exploration, including prospecting, geophysical surveys and drilling, until November 30, 2027. Engagement with local communities is ongoing with the goal of creating a mutually beneficial relationship between the Company and the residents of the Northern Athabasca region. About the Sabre Property The Sabre Property is located on the northern edge of the Athabasca Basin approximately thirty (30) kilometres west of Stony Rapids and ten (10) kilometres south of Fond du Lac, Saskatchewan. The Project is comprised of twenty-eight (28) claims totaling 23,178 hectares and is believed to be prospective for hosting unconformity-related uranium mineralization. The Fond du Lac uranium deposit, a shallow, sandstone-hosted deposit with a historic reserve of approximately 990,000 pounds (450,000 kilograms) averaging 0.25% U3O8 is located approximately 5.5 kilometres to the northwest of the Project's western boundary (please see Figure 1), which may demonstrate the prospectivity of the region for the deposition of uranium mineralization.1 Historical exploration at the Sabre Property has identified anomalous uranium-bearing sandstone boulders and outcrop at surface, numerous interpreted fault structures, and electromagnetic ('EM') conductors interpreted to lie at depths greater than three hundred (300) metres. Graphitic conductors can provide favourable conduits and host environments for the deposition of uranium at or near the unconformity between the Athabasca sandstones and the older Archean and Paleoproterozoic basement rocks. Drill testing for uranium within the current boundaries of the Sabre Property is limited to five (5) historical drill holes. Hole MNL-02, drilled by UEX Corporation in 2006, intersected anomalous dravite veining that returned a geochemical value of 2,059 parts per million boron in the sandstone at a depth of 290.5 metres, approximately 23 metres above the unconformity, which was reached at 322.4 metres.2 Dravite is recognized as a pathfinder clay alteration mineral that is often associated with uranium mineralization in the Athabasca Basin. References: 1 Saskatchewan Mineral Deposits Index (SMDI) #1572 , Fond Du Lac Uranium Deposit . 2 Saskatchewan Mineral Assessment Database, (SMAD) Assessment Report #74O01-0038, by UEX Corporation, A. Farkas and S. Eriks, January 2008. Statement of Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Sean Hillacre, P. Geo., Technical Advisor and a geological consultant to the Company and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects . Mr. Hillacre has examined information regarding the historical exploration at the Sabre Property, which includes a review of the historical sampling, analytical and procedures underlying the information and opinions contained herein. Management cautions that historical results collected and reported by operators unrelated to Greenridge have not been verified nor confirmed by its Qualified Person; however, the historical results create a scientific basis for ongoing work in the Sabre Property. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, or other properties located within the Athabasca Basin, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the Sabre Property. About Greenridge Exploration Inc. Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada. The Company owns or has interests in 28 projects and additional claims covering approximately 389,210 hectares with considerable exposure to potential uranium, lithium, nickel, copper and gold discoveries. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects. Greenridge has one of the largest uranium property portfolios in Canada consisting of 15 projects and additional prospective claims covering approximately 216,405 hectares. The Company has opportunities to realize value in a further 13 strategic metals projects which include lithium, nickel, gold, and copper exploration properties totalling approximately 172,805 hectares. Project highlights include: The Company has strategic partnerships which includes properties being operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The Company's management team, board of directors, and technical team brings significant expertise in capital raising and advancing mining projects and is poised to attract new investors and raise future capital. References: 1 – Black Lake: UEX Corporation News Release dated October 12, 2004. 2 – Gibbons Creek: Lakeland Resources Inc. News Release dated January 8, 2014. 3 – McKenzie Lake: ALX Resources Corp. New Release dated November 7, 2023. 4 – Nut Lake: 1979 Assessment Report (number 81075) by Pan Ocean Oil Ltd. 5 – Nut Lake: Greenridge Exploration Inc. News Release dated February 19, 2025. 6 – Firebird Nickel: ALX Resources Corp. New Release dated April 15, 2020. 7 – Electra Nickel: ALX Resources Corp. New Release dated July 20, 2022. On Behalf of the Board of Directors of Greenridge Russell Starr Chief Executive Officer, Director Telephone: +1 (778) 897-3388 Email: info@ Disclaimer for Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: statements with respect to the Project and its mineralization potential; the Company's objectives, goals, or future plans with respect to the Project; statements with respect to the MobileMT survey; expected benefits of conducting the MobileMT survey; and the Company's anticipated exploration activities at the Project. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. A photo accompanying this announcement is available at
