Bayridge Resources Commences Phase I Exploration at Constellation Project
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) has initiated Phase I exploration at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin. The program aims to evaluate magnetic and electromagnetic anomalies identified during a previous VTEM survey, preparing for potential H1 2025 drilling. Bayridge is fully funded for both surface exploration and an initial drill campaign.
The Constellation property shows favorable geology for basement-hosted unconformity-style uranium deposits. It features structural lineaments and historical NE-trending conductors that are under-explored. Bayridge can earn up to 80% interest in Constellation through a series of payments and exploration expenditures over 4 years. The project is located 60 km southwest of the Key Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) ha avviato la fase I di esplorazione nel suo progetto uranio Constellation di 11.142 ha, situato nella regione di Athabasca in Canada. Il programma ha come obiettivo valutare le anomalie magnetiche ed elettromagnetiche identificate durante un precedente sondaggio VTEM, preparando le basi per un possibile sondaggio nel primo semestre del 2025. Bayridge è completamente finanziata sia per l'esplorazione superficiale che per una campagna di perforazione iniziale.
La proprietà Constellation presenta una geologia favorevole per i depositi di uranio in stile unconformità ospitati nel basement. Essa include lineamenti strutturali e conduttori storici con tendenza NE che sono stati poco esplorati. Bayridge può guadagnare fino all'80% di interesse su Constellation attraverso una serie di pagamenti e spese per esplorazione distribuite su 4 anni. Il progetto si trova a 60 km a sud-ovest della miniera di Key Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) ha iniciado la fase I de exploración en su proyecto de uranio Constellation de 11.142 ha en la cuenca de Athabasca en Canadá. El programa tiene como objetivo evaluar las anomalías magnéticas y electromagnéticas identificadas durante un anterior estudio VTEM, preparándose para un posible sondeo en el primer semestre de 2025. Bayridge está totalmente financiada tanto para la exploración superficial como para una campaña de perforación inicial.
La propiedad Constellation muestra geología favorable para depósitos de uranio en estilo unconformidad hospedados en el basement. Cuenta con lineamientos estructurales y conductores históricos con tendencia NE que han sido poco explorados. Bayridge puede obtener hasta un 80% de interés en Constellation a través de una serie de pagos y gastos de exploración durante 4 años. El proyecto se ubica a 60 km al suroeste de la mina Key Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF)가 캐나다 아사바스카 분지의 11,142헥타르 규모의 콘스텔레이션 우라늄 프로젝트에서 1단계 탐사를 시작했습니다. 이 프로그램은 이전 VTEM 조사에서 확인된 자기 및 전자기 이상 현상을 평가하는 것을 목표로 합니다, 그리고 2025년 상반기 시추를 위한 준비를 하고 있습니다. Bayridge는 표면 탐사와 초기 시추 캠페인 모두에 대해 완전 자금을 확보했습니다.
콘스텔레이션 부지는 기저 암석에 고정된 비불순형 우라늄 침착물에 유리한 지질학을 보여줍니다. 이 프로젝트에는 구조적 선형과 역사적인 동북 방향의 전도체가 포함되어 있으며, 아직 탐사가 부족합니다. Bayridge는 4년에 걸쳐 일련의 지불 및 탐사 지출을 통해 콘스텔레이션에서 최대 80%의 지분을 얻을 수 있습니다. 해당 프로젝트는 Key Lake 광산에서 남서쪽으로 60km 떨어져 있습니다.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) a initié l'exploration de Phase I pour son projet d'uranium Constellation de 11 142 ha dans le bassin d'Athabasca au Canada. Le programme vise à évaluer les anomalies magnétiques et électromagnétiques identifiées lors d'une enquête VTEM précédente, en se préparant à une forage potentiel au premier semestre 2025. Bayridge est entièrement financée pour l'exploration de surface ainsi que pour une campagne de forage initiale.
La propriété de Constellation présente une géologie favorable pour les dépôts d'uranium à style unconformité hébergés dans le basement. Elle se caractérise par des linéaments structurels et des conducteurs historiques orientés NE qui sont peu explorés. Bayridge peut acquérir jusqu'à 80 % d'intérêt dans Constellation à travers une série de paiements et de dépenses d'exploration sur une période de 4 ans. Le projet est situé à 60 km au sud-ouest de la mine de Key Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) hat mit Phase I Exploration ihres 11.142 ha großen Constellation-Uranprojekt im kanadischen Athabasca-Becken begonnen. Das Programm zielt darauf ab, magnetische und elektromagnetische Anomalien zu bewerten, die während einer vorherigen VTEM-Umfrage identifiziert wurden, und bereitet sich auf mögliche Bohraufgaben im ersten Halbjahr 2025 vor. Bayridge ist vollständig finanziert für sowohl Oberflächenuntersuchungen als auch eine erste Bohrkampagne.
Das Constellation-Gelände zeigt eine günstige Geologie für uranhaltige Lagerstätten im Basement-Stil. Es weist strukturelle Linien und historische, nach Nordost verlaufende Leiter auf, die untererforscht sind. Bayridge kann bis zu 80% Interesse an Constellation durch eine Reihe von Zahlungen und Erkundungsausgaben über 4 Jahre verdienen. Das Projekt liegt 60 km südwestlich der Key Lake Mine.
- Fully funded for Phase I exploration and initial drill campaign
- Favorable geology for uranium deposits in Athabasca Basin
- Potential to earn up to 80% interest in the Constellation project
- Proximity to Key Lake Mine (60 km southwest)
- Exploration is still in early stages with no confirmed discoveries
- Drilling not planned until H1 2025
- Project accessibility to helicopter, float plane, or potential winter road
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2024) - Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) (FSE: O0K) ("Bayridge" or the "Company") has commenced Phase I exploration at the 11,142 ha Constellation uranium project in Canada's Athabasca Basin region.
The program will focus on prospecting and ground-truthing the magnetic and electromagnetic anomaly areas located during the Geotech heliborne VTEM program completed earlier in the spring (Figure 1). The objective of the program is to evaluate the anomalies in advance of H1 2025 drilling. Bayridge is fully funded to undertake both the surface exploration and an initial follow up drill campaign.
Figure 1 Constellation Project VTEM B-Field Z Component Channel 30, Time Gate 0.880 ms
(Electromagnetic anomalies are warm colors yellow through pink)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10256/221193_f2ce44dcf497db0a_001full.jpg
"The preliminary VTEM results are encouraging and we anticipate the phase I program will enhance the magnetic and electromagnetic anomalies and generate drill targets for a H1 2025 drill program," commented President & CEO, Saf Dhillon. "Our treasury will allow us to undertake a Constellation drill program without further financing and dilution as we focus on making a basement-hosted uranium discovery in the area," he continued.
The Constellation property has favourable geology for basement-hosted unconformity-style uranium deposits. The regional geology and magnetics have defined structural lineaments trending NNW and ESE, which could represent structural conduits between the Archean granite inlier and graphitic metasediments that have been mapped on the property. These types of structural zones typically act as pathways for hydrothermal activity. Historical NE-trending conductors have also been outlined on the property but are under-explored and un-drilled. Strong EM conductors are proven targets associated with unconformity and basement-hosted uranium mineralization in and around the Athabasca Basin.1
Bayridge has the right to earn up to an
R. Tim Henneberry, P.Geo. (BC), and a Consultant and Advisor to the Company, is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this release.
The Company also announces that Brian Thurston has resigned from its board of directors on August 22, 2024. The Company would like to thank Mr. Thurston for his contributions to the board and wishes him well in his future endeavours.
About Bayridge Resources Corp.
Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium and lithium projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested. The 11,142 ha Constellation project is located 60 km south of the present-day Athabasca Basin edge in an area of significant exploration activity for basement hosted uranium. Historic airborne radiometric, electromagnetic, and magnetic surveys identified electromagnetic conductors associated with magnetic lows. The 4,413 ha Sharpe Lake project, located in the Red Lake Mining District of Northern Ontario, hosts peraluminous S-type muscovite bearing pegmatite bearing granites in contact with metasediments. Preliminary sampling has highlighted anomalous rare-element values, potentially indicative of lithium mineralization.
For more information, please contact:
Saf Dhillon, President & Chief Executive Officer
E-mail: saf@bayridgeresources.com
Tel: 604-484-3031
Forward-looking information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the Company's exploration and drill campaign plans at Constellation, enhanced magnetic and electromagnetic anomalies at Constellation, undertaking drilling at Constellation without additional financing or dilution and potential uranium and lithium discovery for the Company's projects. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
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1 The Company cautions that similar results on its Constellation Project are not implied.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221193
FAQ
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