Bayridge Resources Completes Phase I Exploration at Constellation Project, Identifies Multiple Anomalies
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) has completed Phase I exploration at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin. The program identified 15 spot radiometric anomalies, mostly associated with VTEM conductors or magnetic boundaries. Measurements ranged from 1,000 to 65,000 CPS, suggesting uranium mineralization potential.
The company collected 43 rock samples from the radioactive zones, characterized by hydrothermally altered fractures, shears, pegmatites, and veins. Bayridge plans to initiate a Level 2 Exploration Permit for a fully funded maiden drilling program in H1 2025. The Constellation property shows favorable geology for basement-hosted unconformity-style uranium deposits and is located 60 km southwest of the Key Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) ha completato l'esplorazione di Fase I del suo progetto uranio Constellation, che si estende su 11.142 ha nella regione di Athabasca in Canada. Il programma ha identificato 15 anomalie radiometriche, per lo più associate a conduttori VTEM o confini magnetici. Le misurazioni variavano da 1.000 a 65.000 CPS, suggerendo un potenziale di mineralizzazione dell'uranio.
L'azienda ha raccolto 43 campioni di roccia dalle zone radioattive, caratterizzate da fratture alterate idrotermalmente, scissure, pegmatiti e vene. Bayridge prevede di avviare un Permesso di Esplorazione di Livello 2 per un programma di perforazione inaugurale interamente finanziato nella prima metà del 2025. La proprietà Constellation presenta una geologia favorevole per depositi di uranio di tipo unconformity ospitati nel basement e si trova a 60 km a sud-ovest della miniera di Key Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) ha completado la fase I de exploración de su proyecto de uranio Constellation, que abarca 11,142 ha en la cuenca de Athabasca, Canadá. El programa identificó 15 anomalías radiométricas, asociadas principalmente con conductores VTEM o límites magnéticos. Las mediciones variaron de 1,000 a 65,000 CPS, sugiriendo un potencial de mineralización de uranio.
La empresa recogió 43 muestras de roca de las zonas radiactivas, caracterizadas por fracturas alteradas hidrotermalmente, cizalladuras, pegmáticas y venas. Bayridge planea iniciar un Permiso de Exploración de Nivel 2 para un programa de perforación inaugural completamente financiado en la primera mitad de 2025. La propiedad Constellation presenta una geología favorable para depósitos de uranio de tipo inconformidad alojados en el basement y se encuentra a 60 km al suroeste de la mina Key Lake.
베이리지를 리소스 Corp. (CSE: BYRG) (OTC Pink: BYRRF)는 캐나다 아사바스카 분지의 11,142ha 규모인 콘스텔레이션 우라늄 프로젝트의 1단계 탐사를 완료했습니다. 이 프로그램은 주로 VTEM 전도체 또는 자기 경계와 관련된 15개의 방사선 이상을 확인했습니다. 측정값은 1,000에서 65,000 CPS로, 우라늄 광물화 가능성을 시사합니다.
회사는 방사능 지역에서 43개의 암석 샘플을 수집했으며, 이는 수열변화가 나타난 균열, 전단, 페그마타이트 및 정맥으로 특징지어집니다. 베이리지는 2025년 상반기에 전액 자금 지원을 받는 최초의 시추 프로그램을 위한 2단계 탐사 허가를 시작할 계획입니다. 콘스텔레이션 부지는 기반암에 의해 호스트된 불일치형 우라늄 광상에 유리한 지질을 보여주며, 키 레이크 광산의 남서쪽 60km 지점에 위치하고 있습니다.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) a terminé l'exploration de la Phase I de son projet d'uranium Constellation, s'étendant sur 11 142 ha dans le bassin d'Athabasca au Canada. Le programme a identifié 15 anomalies radiométriques, principalement associées à des conducteurs VTEM ou à des limites magnétiques. Les mesures variaient de 1 000 à 65 000 CPS, suggérant un potentiel de minéralisation de l'uranium.
L'entreprise a collecté 43 échantillons de roche dans les zones radioactives, caractérisées par des fractures altérées hydrothermiquement, des cisailles, des pegmatites et des veines. Bayridge prévoit de demander un permis d'exploration de niveau 2 pour un programme de forage inaugural entièrement financé au premier semestre de 2025. La propriété Constellation présente une géologie favorable pour des dépôts d'uranium de type non-conformité hébergés dans le basement, et est située à 60 km au sud-ouest de la mine Key Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) hat die Phase-I-Erkundung seines Uranprojekts Constellation im Athabasca-Becken in Kanada auf einer Fläche von 11.142 ha abgeschlossen. Das Programm identifizierte 15 radiometrische Anomalien, die überwiegend mit VTEM-Leitern oder magnetischen Grenzen in Verbindung standen. Die Messungen reichten von 1.000 bis 65.000 CPS, was auf ein Potenzial zur Uranmineralisierung hindeutet.
Das Unternehmen hat 43 Gesteinsproben aus den radioaktiven Zonen gesammelt, die durch hydrothermisch veränderte Brüche, Scherungen, Pegmatite und Adern gekennzeichnet sind. Bayridge plant, eine Erkundungsgenehmigung der Stufe 2 für ein vollständig finanziertes erstes Bohrprogramm in der ersten Hälfte von 2025 zu beantragen. Das Grundstück Constellation zeigt eine günstige Geologie für uranhaltige Lagerstätten, die im Basement gehostet werden, und befindet sich 60 km südwestlich der Key Lake Mine.
- Identified 15 new radioactive zones with measurements up to 65,000 CPS
- Successful ground-truthing program completed
- Planning to initiate Level 2 Exploration Permit for maiden drilling program in H1 2025
- Favorable geology for uranium deposits identified
- Property located near established uranium mining area (60 km from Key Lake Mine)
- Drilling program not yet commenced, results pending
- Full exploration and development timeline unclear
- Potential environmental and regulatory challenges in uranium exploration
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) (FSE: O0K) ("Bayridge" or the "Company") has completed Phase I exploration at the 11,142 ha Constellation uranium project in Canada's Athabasca Basin region.
The program was successful in highlighting several areas of anomalous spectrometer cps (counts per second) anomalies (see Figure 1), several of which were associated with the VTEM conductors identified from the Geotech VTEM survey flown earlier in the summer (see 2024-Jul-17 News Release). A total of 15 spot radiometric anomalies or anomalous zones were identified, largely associated with VTEM conductors or the boundaries of magnetic highs and magnetic lows, areas believed to be prospective for uranium mineralization.
Figure 1 Constellation Project Spectrometer Anomalies
(Readings in CPS or counts per second)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10256/223058_ade8c95b74286b55_001full.jpg
"The series of radiometric occurrences, largely associated with VTEM conductors and boundaries of magnetic highs and magnetic lows, suggests Constellation is indeed prospective for uranium mineralization," commented President & CEO, Saf Dhillon. "As a result of our successful ground-truthing program, we have instructed our consultants to initiate a Level 2 Exploration Permit with the aim of commencing a fully funded maiden drilling program in H1 2025," he continued.
A crew of 5 personnel thoroughly prospected all five target zones identified from the VTEM survey utilizing hand-held RS-125 and RS-230 gamma-ray spectrometers. Fifteen new radioactive zones were identified from the ground reconnaissance program, with measurements ranging between 1000 CPS and 65,000 CPS. The majority of the radioactive showings are along NE-trending contacts between metasedimentary rocks (represented by magnetic lows) and granite (represented by magnetic highs), that are also proximal to VTEM conductors. A total of 43 rock samples were collected over the 15 radioactive zones and characterized by hydrothermally altered fractures, shears, pegmatites, and veins hosted in metasedimentary and foliated granite rock-types.
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.
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.
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/223058
FAQ
What were the key findings of Bayridge Resources' Phase I exploration at the Constellation Project?
When does Bayridge Resources plan to start drilling at the Constellation Project?
How many rock samples were collected during Bayridge Resources' Phase I exploration at Constellation?
Where is Bayridge Resources' Constellation Project located?
