Bayridge Resources Receives Drilling Permit for Waterbury East Project
Bayridge Resources Corp. (CSE: BYRG) has received a 3-year drilling permit for its Waterbury East uranium project in Canada's Athabasca Basin. The permit, valid until July 31, 2027, allows for 40 drill collar sites and exploration trail clearing. The company is fully funded for a multi-hole drill program planned for late Q3 2024. The 1,337 ha project is located in an area favorable for uranium deposits, with historical surveys indicating potential for both unconformity-hosted and basement-hosted deposits. A previous drill program by CanAlaska Uranium in 2007 reported encouraging results, including 17.0 m of anomalous basement-hosted uranium enrichment. Bayridge has an option to earn up to 80% interest in the project from CanAlaska over the next 4 years.
Bayridge Resources Corp. (CSE: BYRG) ha ricevuto un permesso di perforazione di 3 anni per il suo progetto uranium Waterbury East nel bacino dell'Athabasca in Canada. Il permesso, valido fino al 31 luglio 2027, consente 40 siti di perforazione e la pulizia dei sentieri di esplorazione. L'azienda è completamente finanziata per un programma di perforazione multi-foro previsto per la fine del terzo trimestre 2024. Il progetto di 1.337 ha si trova in un'area favorevole per i depositi di uranio, con sondaggi storici che indicano il potenziale per depositi sia ospitati da discontinuità che ospitati da basement. Un precedente programma di perforazione condotto da CanAlaska Uranium nel 2007 ha riportato risultati incoraggianti, inclusi 17,0 m di arricchimento anomalo di uranio hostato dal basement. Bayridge ha la possibilità di guadagnare fino all'80% di interesse nel progetto da CanAlaska nei prossimi 4 anni.
Bayridge Resources Corp. (CSE: BYRG) ha recibido un permiso de perforación de 3 años para su proyecto de uranio Waterbury East en la cuenca de Athabasca, Canadá. El permiso, válido hasta el 31 de julio de 2027, permite 40 sitios de collar de perforación y la limpieza de senderos de exploración. La compañía está completamente financiada para un programa de perforación de varios agujeros previsto para finales del tercer trimestre de 2024. El proyecto de 1,337 ha se encuentra en una área favorable para depósitos de uranio, con encuestas históricas que indican el potencial de depósitos tanto alojados en discordancias como alojados en basement. Un programa de perforación anterior de CanAlaska Uranium en 2007 reportó resultados alentadores, incluyendo 17,0 m de enriquecimiento anómalo de uranio alojado en basement. Bayridge tiene la opción de adquirir hasta el 80% de interés en el proyecto de CanAlaska durante los próximos 4 años.
Bayridge Resources Corp. (CSE: BYRG)는 캐나다 아타바스카 분지에 있는 워터버리 이스트 우라늄 프로젝트에 대해 3년간의 드릴링 허가를 받았습니다. 이 허가는 2027년 7월 31일까지 유효하며, 40개의 드릴 컬러 사이트와 탐사 길 개설을 허용합니다. 회사는 2024년 3분기 말에 예정된 다중 구멍 드릴 프로그램에 대한 자금이 완전히 마련되어 있습니다. 1,337헥타르 면적의 이 프로젝트는 우라늄 매장물에 유리한 지역에 위치해 있으며, 역사적인 조사에서는 불연속체-hosted 및 basement-hosted 매장물 모두에 대한 잠재력을 나타내고 있습니다. 2007년 CanAlaska Uranium의 이전 드릴링 프로그램은 17.0m의 비정상적인 basement-hosted 우라늄 농축을 포함한 고무적인 결과를 보고했습니다. Bayridge는 향후 4년 동안 CanAlaska로부터 이 프로젝트에서 최대 80%의 지분을 획득할 옵션을 가지고 있습니다.
Bayridge Resources Corp. (CSE: BYRG) a reçu un permis de forage de 3 ans pour son projet d'uranium Waterbury East dans le bassin de l'Athabasca, au Canada. Le permis, valable jusqu'au 31 juillet 2027, permet 40 sites de colliers de forage et le déblaiement de sentiers d'exploration. L'entreprise est entièrement financée pour un programme de forage multi-trous prévu pour fin T3 2024. Le projet de 1 337 ha est situé dans une zone favorable aux dépôts d'uranium, avec des enquêtes historiques indiquant un potentiel pour des dépôts à discontinuités et des dépôts de sous-sols. Un précédent programme de forage mené par CanAlaska Uranium en 2007 a rapporté des résultats encourageants, y compris 17,0 m d'enrichissement anormal d'uranium hosté par le sous-sol. Bayridge a une option pour acquérir jusqu'à 80 % d'intérêt dans le projet auprès de CanAlaska au cours des 4 prochaines années.
Bayridge Resources Corp. (CSE: BYRG) hat eine 3-jährige Bohrgenehmigung für sein Uranprojekt Waterbury East im Athabasca-Becken in Kanada erhalten. Die Genehmigung, die bis zum 31. Juli 2027 gültig ist, erlaubt 40 Bohrkragenstandorte und die Freigabe von Erkundungswegen. Das Unternehmen ist vollständig finanziert für ein geplantes Mehrfachbohrprogramm für Ende Q3 2024. Das 1.337 ha große Projekt befindet sich in einem Gebiet, das für Uranlagerstätten günstig ist, wobei historische Erhebungen Potenzial sowohl für unwirtliche Lagerstätten als auch für basement-hosted Lagerstätten anzeigen. Ein früheres Bohrprogramm von CanAlaska Uranium im Jahr 2007 berichtete von ermutigenden Ergebnissen, darunter 17,0 m anomaler basement-hosted Urananreicherung. Bayridge hat die Option, in den nächsten 4 Jahren bis zu 80% Interesse an dem Projekt von CanAlaska zu erwerben.
- Received 3-year drilling permit for Waterbury East uranium project
- Fully funded for multi-hole drill program in Q3 2024
- Project located in favorable geology for uranium deposits
- Historical drill results showed 17.0 m of anomalous uranium enrichment
- Option to earn up to 80% interest in the project
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - Bayridge Resources Corp. (CSE: BYRG) ("Bayridge") is pleased to announce that it has received the drilling permit for its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin. The 3-year permit is valid until 2027-Jul-31 and includes 40 drill collar sites, along with the clearing of exploration trails and line cutting.
"The Waterbury East drilling permit is a significant milestone for the Company," commented President and CEO, Saf Dhillon. "Bayridge is fully funded to undertake a multi-hole drill program slated for late Q3 2024," he continued. "in3D Geoscience is working with the recently completed Geotech VTEM data to prioritize drilling targets within the magnetic and electromagnetic anomalies defined by the survey'" he concluded.
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 Uranium Ltd. ("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 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 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/218340
FAQ
What is the duration and scope of Bayridge Resources' (BYRRF) drilling permit for Waterbury East?
When is Bayridge Resources (BYRRF) planning to start its drill program at Waterbury East?
What were the historical drilling results at Waterbury East reported by CanAlaska in 2007?
Where is Bayridge Resources' (BYRRF) Waterbury East project located?
