Greenridge Exploration Confirms High-Grade Uranium on its
From GlobeNewswire: 2025-02-19 08:00:00
Greenridge Exploration Inc. announces high-grade uranium results from the Nut Lake Project in Nunavut Territory, Canada. Assay values include up to 31.13% U3O8 from the Tundra Showing, 2.52% U3O8 from the Tayson Zone, and more. CEO Russell Starr expresses excitement, highlighting the project’s significant potential with over 13 samples exceeding 1% U3O8.
Exploration at the Nut Lake Project revealed a newly discovered Tayson Zone with a 2m uraniferous vein. Results include 2.87% U3O8 average from the Tayson Zone samples, with the highest assay at 5.18% U3O8. The project aims to identify high-priority areas for future drilling programs based on historical exploration data and new discoveries.
Additionally, Greenridge Exploration Inc. settled a $241,578.75 debt through the issuance of 250,000 common shares. The company’s focus on mineral exploration in Canada includes projects in uranium, lithium, nickel, copper, and gold. Notable projects include Black Lake, Hook-Carter, Gibbons Creek, McKenzie Lake, and more, with potential for high-grade mineralization and significant discoveries.
The Nut Lake Project has seen historical drilling intersect up to 9ft of 0.69% U3O8, indicating potential for high-grade uranium systems. Modern exploration techniques combined with historically defined anomalies create opportunities for discoveries in the region. Greenridge’s strategic partnerships and experienced team position them for future growth and capital raising.
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