Bayridge Resources Confirms Multiple Targets at Constellation Project
Bayridge Resources Corp. (BYRRF) has announced significant findings from its Phase I exploration at the 11,142 ha Constellation uranium project in Canada's Athabasca Basin. The company identified multiple high-priority targets with notable uranium concentrations:
- Area A revealed a 28.1 ppm uranium grab sample 750m SE of historic SMDI occurrence and a 52.2 ppm uranium sample associated with pegmatite bodies
- Area B yielded the highest uranium concentration of 488 ppm associated with hematite altered metasediments
The company holds drilling permits and plans a maiden drill program for late Q1 - early Q2 2025. The Constellation property, located 60 km southwest of Key Lake Mine, shows favorable geology for basement-hosted unconformity-style uranium deposits. Bayridge can earn up to 80% interest in the project through a series of payments, share issuances, and exploration expenditures over 4 years.
Bayridge Resources Corp. (BYRRF) ha annunciato risultati significativi dalla sua esplorazione di Fase I presso il progetto uranio Constellation di 11.142 ha, situato nel bacino di Athabasca in Canada. L'azienda ha identificato molteplici target ad alta priorità con concentrazioni di uranio notevoli:
- L'Area A ha rivelato un campione di uranio di 28,1 ppm prelevato a 750m a sud-est di un evento SMDI storico e un campione di uranio di 52,2 ppm associato a corpi di pegmatite.
- L'Area B ha restituito la concentrazione di uranio più alta di 488 ppm, associata a metasedimenti alterati da ematite.
L'azienda possiede permessi di perforazione e pianifica un programma di perforazione inaugurale per la fine del Q1 - inizio Q2 2025. La proprietà Constellation, situata a 60 km a sud-ovest della miniera di Key Lake, mostra una geologia favorevole per depositi di uranio in stile unconformity ospitati nel basamento. Bayridge può guadagnare fino all'80% di interesse nel progetto attraverso una serie di pagamenti, emissioni di azioni e spese di esplorazione nel corso di 4 anni.
Bayridge Resources Corp. (BYRRF) ha anunciado hallazgos significativos de su exploración de Fase I en el proyecto de uranio Constellation de 11.142 ha, ubicado en la cuenca de Athabasca en Canadá. La compañía identificó múltiples objetivos de alta prioridad con notables concentraciones de uranio:
- El Área A reveló una muestra de uranio de 28,1 ppm tomada a 750m al sureste de un suceso SMDI histórico y una muestra de uranio de 52,2 ppm asociada con cuerpos de pegmatita.
- El Área B arrojó la mayor concentración de uranio de 488 ppm asociada con metasedimentos alterados por hematita.
La compañía posee permisos para perforación y planea un programa de perforación inaugural para finales del Q1 - principios del Q2 de 2025. La propiedad Constellation, ubicada a 60 km al suroeste de la mina Key Lake, presenta una geología favorable para depósitos de uranio de estilo unconformity hospedados en el basamento. Bayridge puede ganar hasta un 80% de interés en el proyecto a través de una serie de pagos, emisión de acciones y gastos de exploración durante un período de 4 años.
Bayridge Resources Corp. (BYRRF)는 캐나다 아사바스카 분지에 위치한 11,142 헥타르 규모의 콘스텔레이션 우라늄 프로젝트의 1단계 탐사의 중요한 발견을 발표했습니다. 이 회사는 주목할 만한 우라늄 농도를 가진 여러 고우선 목표를 식별했습니다:
- A지역에서는 역사적인 SMDI 발생지에서 남동쪽으로 750m 떨어진 곳에서 28.1 ppm의 우라늄 샘플이 발견되었고, 펙마타이트 체와 관련된 52.2 ppm의 우라늄 샘플이 확인되었습니다.
- B지역에서는 헤마타이트가 변형된 메타퇴적물과 관련된 488 ppm의 가장 높은 우라늄 농도가 발견되었습니다.
이 회사는 드릴링 허가를 보유하고 있으며 2025년 1분기 말에서 2분기 초에 첫 드릴 프로그램을 계획하고 있습니다. 키 레이크 광산에서 남서쪽으로 60km 떨어진 곳에 위치한 콘스텔레이션 속성은 기반암 호스트 비불일치 스타일 우라늄 매장에 대한 유리한 지질학을 나타냅니다. Bayridge는 4년 동안의 일련의 지불, 주식 발행 및 탐사 비용을 통해 프로젝트에 대한 최대 80%의 이익을 얻을 수 있습니다.
Bayridge Resources Corp. (BYRRF) a annoncé des résultats significatifs issus de son exploration de Phase I au projet d'uranium Constellation de 11 142 ha dans le bassin d'Athabasca au Canada. L'entreprise a identifié plusieurs cibles de haute priorité présentant des concentrations d'uranium notables :
- La zone A a révélé un échantillon d'uranium de 28,1 ppm prélevé 750m au sud-est d'une occurrence historique de SMDI et un échantillon d'uranium de 52,2 ppm associé à des corps de pegmatite.
- La zone B a donné la concentration d'uranium la plus élevée de 488 ppm associée à des métasédiments altérés par de l'hématite.
L'entreprise détient des permis de forage et prévoit un programme de forage inaugural pour la fin du T1 - début du T2 2025. La propriété Constellation, située à 60 km au sud-ouest de la mine de Key Lake, présente une géologie favorable à des dépôts d'uranium de type unconformity hébergés dans le socle. Bayridge peut obtenir jusqu'à 80 % d'intérêt dans le projet par le biais d'une série de paiements, d'émissions d'actions et de dépenses d'exploration réparties sur 4 ans.
Bayridge Resources Corp. (BYRRF) hat bedeutende Ergebnisse aus seiner Erkundung der Phase I im 11.142 ha großen Constellation-Uran-Projekt im Athabasca-Becken in Kanada bekannt gegeben. Das Unternehmen hat mehrere hochpriorisierte Ziele mit bemerkenswerten Uran-Konzentrationen identifiziert:
- In Gebiet A wurde eine Uranprobe von 28,1 ppm 750m südöstlich des historischen SMDI-Vorkommens und eine Uranprobe von 52,2 ppm in Verbindung mit Pegmatitkörpern gefunden.
- Gebiet B lieferte die höchste Uran-Konzentration von 488 ppm, die mit hematitveränderten Metasedimenten assoziiert ist.
Das Unternehmen besitzt Bohrgenehmigungen und plant ein erstes Bohrprogramm für Ende Q1 - Anfang Q2 2025. Das Constellation-Grundstück, das 60 km südwestlich der Key Lake Mine liegt, zeigt eine günstige Geologie für uranhaltige Lagerstätten im Unconformity-Stil, die im Grundgebirge gehostet sind. Bayridge kann durch eine Reihe von Zahlungen, Aktienemissionen und Erkundungsausgaben über 4 Jahre eine Beteiligung von bis zu 80 % an dem Projekt erwerben.
- Multiple high-priority uranium targets identified in Phase I exploration
- Highest uranium concentration of 488 ppm discovered in Area B
- Level 2 drill permit secured for maiden drilling program in Q1-Q2 2025
- Strategic location 60 km southwest of Key Lake Mine
- Grab samples may not be representative of overall mineralization
- Project requires significant future expenditure to earn 80% interest
- Property currently lacks direct road access
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K) ("Bayridge" or the "Company") has received assay results, confirming multiple targets from its Phase I exploration at the 11,142 ha Constellation uranium project in Canada's Athabasca Basin region.
Highlights:
- Grab sample of 28.1 ppm uranium located 750m SE of historic SMDI occurrence, and along strike with a large cluster of uranium enriched samples, located on contact between basement gneiss and Wollaston Group sediments (Area A);
- Grab sample of 52.2 ppm uranium associated with pegmatite bodies (Area A);
- Grab sample of 488 ppm uranium associated with hematite altered metasediments intruded by a small granitic body (Area B);
- Elevated uranium values associated with a pegmatitic body above an EM conductor (Area B);
Bayridge cautions investors grab samples are select samples by their nature and may not necessarily be indicative of similar mineralization on the property.
"The Company's first exploration program at Constellation has identified multiple high priority targets ready for follow-up exploration for basement hosted uranium mineralization," commented President & CEO, Saf Dhillon. "With our Level 2 drill permit in hand, we await the proposal for a maiden drill program late Q1 - early Q2 2025," he continued.
Area A
Two high priority targets were identified in Area A. Sample THCNR001 returned 28.1 ppm uranium with a U/Th (uranium/thorium) ratio of 1.67, located approximately 750 meters southeast of the historic SDMI occurrence, positioned along strike with a larger cluster of uranium-enriched samples, confirming previously seen radioactive occurrences. These occurrences are associated with a lithological contact between basement gneiss and Wollaston Group metasediments, a potential fluid pathway.
The second priority target contains multiple samples with elevated uranium concentrations correlating with mapped structural trends. The highest uranium value recorded was 52.5 ppm (sample THCNR004), while the highest U/Th ratio of 0.33 was observed in sample MHCNR002. The uranium mineralization in these areas is hosted in pegmatites conformable to the regional structural fabric. Scintillometer measurements in these locations exhibited anomalously high counts per second, further delineating areas of potential mineralization.
Figure 1 Constellation Phase I Priority Targets
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Area B
Area B also hosts two high priority targets. A new uranium-bearing zone in Area B exhibited highly anomalous scintillometer readings, with several locations exceeding the instrument's upper limit of 65,535 cps (EECNR006). The host rock consists primarily of psammitic to pelitic gneisses exhibiting pervasive hematite alteration, with moderate-intensity hematization locally associated with thin quartz bands. The gneisses, conformable to the regional structural trend, were intruded by a weathered small scale radioactive granite intrusion. The weathering potentially contributes to the enrichment of radioactive material in the surrounding zone. This area yielded the highest uranium concentration on the property, with a value of 488 ppm uranium recorded in whole-rock analysis, thorium enrichment in the zone resulted in U/Th ratios below 0.1.
The second priority target exhibits elevated uranium within a pegmatite (EECNR005, Map B) displayed elevated uranium concentrations directly overlying an EM conductor. This association suggests a potential relationship between structural features and uranium mineralization, as indicated by the geophysical and geochemical data collected during the program.
The Bayridge technical team met with geological contractor TerraLogic Exploration Ltd. at the recent AME Round Up in Vancouver to review the Phase I program. TerraLogic will now work up a Phase I drill program for late Q1 early Q2 2025.
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.
QA/QC
All exploration rock samples from the program were hand delivered to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan, by TerraLogic Exploration Ltd. personnel. Both SRC and TerraLogic are independent of Bayridge Resources Corp. SRC prepared, processed, and conducted multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl) as well as boron by fusion.
All samples submitted were representative grab samples from outcrop or sub-crop exposures. SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks and standard reference materials were inserted into the sample stream at regular intervals by TerraLogic on in accordance with Bayridge's quality assurance/quality control (QA/QC) procedures. Geochemical results were subject to verification procedures by qualified persons employed by TerraLogic prior to disclosure.
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.
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FAQ
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