Bayridge Resources Drilling Update at Waterbury East Project
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) has completed the first two holes of its fall 2024 drilling program at the Waterbury East uranium project in Canada's Athabasca Basin. The holes tested the strike projection of a previous drill hole that encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment. VTEM interpretation suggests previous drilling may have been short of the conductor, which may be stronger than previously thought.
Drilling has moved to test a second strong conductor 1000m southwest. The Waterbury East project is considered favorable for hosting both unconformity-hosted and basement-hosted uranium deposits. Bayridge has an option to earn up to 80% interest in the project from CanAlaska. The project is located 25 km northeast of the Cigar Lake Mine and is accessible from the Cigar Lake Road.
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) ha completato i primi due fori del suo programma di perforazione autunnale 2024 presso il progetto uranium Waterbury East nel bacino di Athabasca in Canada. I fori hanno testato la proiezione della strike di un precedente foro di perforazione che aveva registrato una zona di arricchimento anomalo di uranio di 17.0 m ospitata nel basamento. L'interpretazione VTEM suggerisce che le perforazioni precedenti potrebbero non aver raggiunto il conduttore, che potrebbe essere più forte di quanto si pensasse in precedenza.
Le perforazioni si sono spostate per testare un secondo forte conduttore a 1000 metri a sud-ovest. Il progetto Waterbury East è considerato favorevole per ospitare depositi di uranio sia ospitati da discontinuità che da basamento. Bayridge ha un'opzione per acquisire fino all'80% di interesse nel progetto da CanAlaska. Il progetto si trova a 25 km a nord-est della miniera di Cigar Lake ed è raggiungibile dalla Cigar Lake Road.
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) ha completado los primeros dos agujeros de su programa de perforación de otoño 2024 en el proyecto de uranio Waterbury East en la cuenca de Athabasca en Canadá. Los agujeros probaron la proyección de un agujero de perforación anterior que encontró una zona de enriquecimiento de uranio anómalo de 17.0 m alojada en el basamento. La interpretación VTEM sugiere que perforaciones anteriores pueden no haber alcanzado el conductor, que podría ser más fuerte de lo que se pensaba previamente.
La perforación se ha trasladado para probar un segundo conductor fuerte a 1000 m al suroeste. Se considera que el proyecto Waterbury East es favorable para albergar depósitos de uranio tanto alojados en disconformidades como en basamento. Bayridge tiene una opción para obtener hasta el 80% de interés en el proyecto de CanAlaska. El proyecto se encuentra a 25 km al noreste de la mina Cigar Lake y es accesible desde la carretera Cigar Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF)는 캐나다 아타바스카 분지에 위치한 워터버리 이스트 우라늄 프로젝트에서 2024년 가을 드릴링 프로그램의 첫 두 개 구멍을 완료했습니다. 이 구멍들은 17.0m의 비정상적인 기저 우라늄 농축 구역을 발견한 이전 드릴링 구멍의 스트라이크 프로젝션을 시험했습니다. VTEM 해석에 따르면, 이전의 드릴링이 도체에 도달하지 못했을 수 있으며, 이는 예상보다 강할 수 있습니다.
드릴링은 1,000m 남서쪽에 있는 두 번째 강력한 도체를 시험하기 위해 이동했습니다. 워터버리 이스트 프로젝트는 불연속체에 의해 호스팅된 것과 기저에 의해 호스팅된 우라늄 광상을 모두 수용하기에 유리한 것으로 여겨집니다. Bayridge는 CanAlaska로부터 프로젝트에 대해 최대 80%의 지분을 획득할 수 있는 옵션을 가지고 있습니다. 이 프로젝트는 시가 호수 광산에서 북동쪽으로 25km 떨어져 있으며, 시가 호수 도로를 통해 접근할 수 있습니다.
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) a achevé les deux premiers trous de son programme de forage d'automne 2024 au projet d'uranium Waterbury East dans le bassin d'Athabasca au Canada. Les trous ont testé la projection de faille d'un trou de forage précédent qui a rencontré une zone anormale d'enrichissement en uranium de 17,0 m. L'interprétation VTEM suggère que les forages passés pourraient s'être arrêtés avant d'atteindre le conducteur, qui pourrait être plus fort que prévu.
Le forage a été déplacé pour tester un second conducteur fort à 1000 m au sud-ouest. Le projet Waterbury East est considéré comme favorable à l'hébergement de dépôts d'uranium à la fois hébergés par des discordances et par le socle. Bayridge a une option pour acquérir jusqu'à 80 % d'intérêt dans le projet auprès de CanAlaska. Le projet est situé à 25 km au nord-est de la mine de Cigar Lake et est accessible depuis la route de Cigar Lake.
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) hat die ersten beiden Bohrlöcher seines Bohrprogramms im Herbst 2024 beim Wasserbury East Uranprojekt im Athabasca-Becken in Kanada abgeschlossen. Die Löcher haben die Strike-Projektion eines vorherigen Bohrlochs getestet, das eine 17,0 m große Zone anomalen uranhaltigen Basistones stieß. Die VTEM-Interpretation deutet darauf hin, dass die vorherigen Bohrungen möglicherweise den Leiter verfehlt haben, der stärker sein könnte als zuvor angenommen.
Die Bohrungen wurden verlagert, um einen zweiten starken Leiter 1000 m südwestlich zu testen. Das Wasserbury East Projekt wird als günstig angesehen, um sowohl in den Unstetigkeiten als auch in den Basistonen lagern können Uranvorkommen zu beherbergen. Bayridge hat die Option, bis zu 80% an dem Projekt von CanAlaska zu erwerben. Das Projekt befindet sich 25 km nordöstlich der Cigar Lake Mine und ist über die Cigar Lake Road erreichbar.
- Completion of first two holes in fall 2024 drilling program at Waterbury East uranium project
- VTEM interpretation suggests potentially stronger conductor than previously thought
- Project location near established uranium mining infrastructure (Cigar Lake Mine)
- Option to earn up to 80% interest in the project from CanAlaska
- Historical drill results from 2006 have not been verified by Bayridge
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) (FSE: O0k) ("Bayridge") has completed the first two holes of its fall 2024 drilling program at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin. Saf Dhillon, Bayridge President & CEO, toured the property last week and also met with representatives of the Ya'Thi Néné Land and Resource Office in Saskatoon.
The first two holes, WB24-001 and WB24-002, tested the strike projection to the east and west of the CanAlaska 2006 drill hole WAT005 which encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment, containing a highlight value of 324 ppm U over 0.6 m in a structurally controlled zone. VTEM interpretation by in3D Geoscience suggests 2006/2007 drilling of the VTEM conductor was actually short of the conductor and also the strength of the conductor may be stronger than previously thought. *Readers are cautioned that Bayridge has not verified the historical 2006 drill results.
"TerraLogic Exploration has been doing a great job as Project Manager and Bryson Drilling have been providing a well run drilling program as witnessed during our trip to Waterbury East," commented President and CEO, Saf Dhillon. "We are pleased with the drill progress and anticipate completion of our fully funded phase I program by month's end," he continued. "The recent upswing in uranium prices is coinciding quite well with the timing of our program and we hope to release preliminary results late in Q4," he concluded.
Drilling has now moved on to test a second strong conductor, approximately 1000m to the southwest.
Figure 1: Consulting Geo. Tim Henneberry & Saf Dhillon, President & CEO at Waterbury East during Phase 1 drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10256/226752_9d5b8dde84e6686a_001full.jpg
The Waterbury East project is underlain by geology favourable to hosting both unconformity-hosted and basement-hosted uranium deposits. These deposits are typically associated with graphitic metasediments and structural zones that exhibit strong EM conductor responses. Historical airborne EM surveys have defined an ENE-striking conductor across the property, with a depth to unconformity of ~200m. Most of the uranium discoveries in the Athabasca Basin are concentrated along the unconformity edge, where the sedimentary cover is the thinnest (<300m).
Bayridge holds a staged option to earn up to an
R. Tim Henneberry, P.Geo. (BC) and a consultant 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 Sharp 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 completion of the phase 1 program, the price of uranium, and the release of preliminary results. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226752
FAQ
What is the current status of Bayridge Resources' drilling program at Waterbury East?
What did the VTEM interpretation reveal about the Waterbury East project?
Where is the Waterbury East project located and what is its potential?
What is Bayridge Resources' (BYRRF) option agreement for the Waterbury East project?
