Bayridge Resources Identifies a Number of Airborne Geophysical Targets at Waterbury East Project
Bayridge Resources Corp. (CSE: BYRG) has received final deliverables from Geotech for the airborne VTEM Survey at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin. The survey identified several magnetic and electromagnetic anomalies, which are being interpreted by in3D Geoscience Inc. for priority ranking ahead of H2 drilling. The company is fully funded for the drilling program.
The Waterbury East project is considered favorable for both unconformity-hosted and basement-hosted uranium deposits. Historical surveys defined an ENE-striking conductor across the property, with a depth to unconformity of ~200m. Bayridge has an option to earn up to 80% interest in Waterbury East through a series of payments and exploration expenditures over 4 years. The project is located 25 km northeast of the Cigar Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) ha ricevuto le consegne finali da Geotech per l'indagine aerea VTEM presso il suo progetto uranio Waterbury East di 1.337 ha nel bacino di Athabasca in Canada. L'indagine ha identificato diversi anomalie magnetiche ed elettromagnetiche, che stanno venendo interpretate da in3D Geoscience Inc. per la classificazione prioritaria in vista della perforazione H2. La società è completamente finanziata per il programma di perforazione.
Il progetto Waterbury East è considerato favorevole per i depositi di uranio sia ospitati in inconformità che in basamento. Le indagini storiche hanno definito un conduttore che si estende in direzione ENE attraverso la proprietà, con una profondità fino all'inconformità di circa 200 m. Bayridge ha un'opzione per guadagnare fino a 80% di interesse in Waterbury East attraverso una serie di pagamenti e spese per l'esplorazione in un periodo di 4 anni. Il progetto si trova 25 km a nord-est della Cigar Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) ha recibido las entregas finales de Geotech para la encuesta aérea VTEM en su proyecto de uranio Waterbury East de 1,337 ha en la cuenca de Athabasca, Canadá. La encuesta identificó varias anomalías magnéticas y electromagnéticas, que están siendo interpretadas por in3D Geoscience Inc. para su clasificación prioritaria antes de la perforación H2. La empresa está totalmente financiada para el programa de perforación.
El proyecto Waterbury East se considera favorable tanto para los depósitos de uranio alojados en inconformidad como en basamento. Las encuestas históricas definieron un conductor que se extiende en dirección ENE a través de la propiedad, con una profundidad hasta la inconformidad de aproximadamente 200 m. Bayridge tiene una opción para adquirir hasta un 80% de interés en Waterbury East a través de una serie de pagos y gastos de exploración durante 4 años. El proyecto se encuentra a 25 km al noreste de la Mina Cigar Lake.
베이리지는 리소스 회사(Bayridge Resources Corp. (CSE: BYRG)가 캐나다 아타바스카 분지에 위치한 1,337 헥타르 규모의 워터버리 이스트 우라늄 프로젝트에서 공중 비행 VTEM 조사에 대한 최종 결과물을 지오텍(Geotech)으로부터 받았습니다. 이 조사는 여러 자기 및 전자기 이상을 식별했으며, 이는 H2 시추를 앞두고 우선순위 분류를 위해 in3D 지구과학 인크(in3D Geoscience Inc.)에서 해석하고 있습니다. 이 회사는 시추 프로그램을 위한 자금이 충분히 마련돼 있습니다.
워터버리 이스트 프로젝트는 불연속층과 기초층에 우라늄 매장층이 모두 유망한 것으로 간주됩니다. 역사적인 조사에서는 해당 지역에 걸쳐 ENE 방향으로 진행되는 전도체가 정의되었으며, 불연속층까지의 깊이는 약 200m입니다. 베이리지는 4년 동안의 일련의 지불 및 탐사 비용을 통해 워터버리 이스트에서 최대 80%의 지분을 획득할 수 있는 옵션을 가지고 있습니다. 이 프로젝트는 시가 호수 광산에서 북동쪽으로 25km 떨어진 곳에 위치해 있습니다.
Bayridge Resources Corp. (CSE: BYRG) a reçu les livrables finaux de Geotech pour l'enquête aérienne VTEM sur son projet uranium Waterbury East de 1 337 ha dans le bassin d'Athabasca au Canada. L'enquête a identifié plusieurs anomalies magnétiques et électromagnétiques, qui sont interprétées par in3D Geoscience Inc. pour un classement prioritaire avant le forage H2. La société est entièrement financée pour le programme de forage.
Le projet Waterbury East est considéré comme favorable pour des dépôts d'uranium hébergés par inconformité et des dépôts en socle. Des enquêtes historiques ont défini un conducteur orienté ENE à travers la propriété, avec une profondeur jusqu'à l'inconformité d'environ 200 m. Bayridge a une option pour acquérir jusqu'à 80% d'intérêt dans Waterbury East à travers une série de paiements et de dépenses d'exploration sur 4 ans. Le projet est situé à 25 km au nord-est de la mine Cigar Lake.
Die Bayridge Resources Corp. (CSE: BYRG) hat die abschließenden Ergebnisse von Geotech für die Luftuntersuchung VTEM im 1.337 ha umfassenden Uranprojekt Waterbury East im Athabasca-Becken in Kanada erhalten. Die Untersuchung identifizierte mehrere magnetische und elektromagnetische Anomalien, die von in3D Geoscience Inc. zur Priorisierung vor der H2-Bohrung ausgelegt werden. Das Unternehmen ist vollständig für das Bohrprogramm finanziert.
Das Projekt Waterbury East gilt als günstig für sowohl inkonformitätsgehostete als auch tiefengehostete Uranlagerstätten. Historische Untersuchungen definierten einen ENE-verlaufenden Leiter über das Grundstück, mit einer Tiefe bis zur Inkonformität von etwa 200 m. Bayridge hat die Option, bis zu 80% des Interesses an Waterbury East durch eine Reihe von Zahlungen und Erkundungsausgaben über 4 Jahre zu erwerben. Das Projekt befindet sich 25 km nordöstlich der Cigar Lake Mine.
- Identification of magnetic and electromagnetic anomalies at Waterbury East project
- Fully funded for upcoming H2 drilling program
- Project location in favorable geology for uranium deposits
- Option to earn up to 80% interest in the project
- Proximity to established uranium mining infrastructure
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2024) - Bayridge Resources Corp. (CSE: BYRG) ("Bayridge" has received the final deliverables from Geotech for the airborne VTEM Survey recently completed at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin, and is pleased to report a number of magnetic and electromagnetic anomalies have been identified (Figure 1). The data package has been sent to in3D Geoscience Inc., for interpretation and priority ranking of the anomalies in advance of H2 drilling. Bayridge is fully funded to undertake the drilling program with the cash currently in the treasury.
Figure 1 East Waterbury 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/10256/217546_a9b13e9e444c590e_001full.jpg
"The Bayridge technical team is very pleased to see the positive initial results from the Waterbury East VTEM survey which appears to further delineate the prospective ENE trending corridor," commented President & CEO, Saf Dhillon. "We will let the experts at in3D Geoscience further define and rank the magnetic and electromagnetic anomalies for our H2 drilling program," he continued.
The Waterbury East drilling permit is in process and the Company does not anticipate any issues and expects to receive the permit in the near term.
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).
In 2007, CanAlaska reported encouraging results from a drill program, with an intersection of 17.0 m of anomalous basement-hosted uranium enrichment, containing a highlight value of 324 ppm U over 0.6 m in a structurally controlled zone in WAT005. Interpreted geophysical magnetic lineaments suggest additional structures occur in the basement. *Readers are cautioned that Bayridge has not verified these historical results.
Bayridge holds an 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 Geotech's engagement, the scope and timing of Geotech's services and the Company's exploration plans. 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/217546
FAQ
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