Greenridge Exploration Inc - GXPLF STOCK NEWS

Greenridge Exploration (GXPLF) has signed an Exploration Agreement with Ya'thi Néné Land and Resource Office (YNLR) for the Gibbons Creek Uranium Project in Saskatchewan's Athabasca Basin region. The agreement, originally executed in Q4 2024 between YNLR and ALX Resources Corp, was transferred to Greenridge following its acquisition of ALX in December 2024.

The partnership establishes a framework for responsible exploration that prioritizes cultural preservation, environmental protection, and community engagement. Key elements include support for local employment, training, business development, and contributions to YNLR's community trust. The agreement also implements mechanisms for environmental monitoring through YNLR's Community Land Technicians.

YNLR represents the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, and Fond du Lac, along with several northern settlements in the region. The collaboration ensures mineral exploration in Nuhenéné respects Indigenous rights while creating sustainable economic opportunities for local communities.

Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTCQB: GXPLF) has announced its successful listing on the OTCQB Venture Market and achieved DTC eligibility through the Depository Trust Company. The company's shares began trading on OTCQB under the symbol 'GXPLF' on January 15, 2025, while maintaining its listings on the Canadian Securities Exchange and Frankfurt Stock Exchange.

The DTC eligibility enables more efficient electronic clearing and settlement of shares in the United States, reducing costs and expanding access to U.S. brokerage firms. CEO Russell Starr highlighted this development as a significant step in simplifying investment processes and increasing U.S. market exposure. Additionally, the company announced the resignation of Amanuel Bein from its board of directors, effective January 15, 2025.

Greenridge Exploration has announced positive results from its 2024 exploration program at the Carpenter Lake Uranium Project in the Athabasca Basin. The project encompasses 13,388 hectares and consists of seven mineral claims. The exploration identified multiple high-priority targets for future drilling, with 22 sample locations showing anomalous radioactivity exceeding 1,000 cps. Notably, six sites measured above 3,000 cps. The highest uranium concentration recorded was 602 ppm U from an outcrop near a high-priority target.

The program involved detailed geological mapping, prospecting, rock sampling, and scintillometer sweeps. A total of 116 samples were collected, with nine samples showing elevated uranium assays above 50 ppm U, and five samples exceeding 100 ppm U. The exploration focused on the Cable Bay Shear Zone (CBSZ), characterized by multiple airborne radiometric anomalies and conductive zones.

Additionally, Greenridge plans to issue 250,000 common shares at $0.97 per share to settle $241,578.75 in debt with Red Cloud Securities Inc. This shares-for-debt transaction aims to improve the company's financial position by reducing liabilities.

Greenridge Exploration announced results from its 2024 Work Program at the Weyman Copper Project in British Columbia. The project spans approximately 6,925 acres and includes seven mineral claims. A 1:5,000-scale reconnaissance mapping program was conducted over the entire property, identifying the southwestern alteration zone as the most prospective exploration target.

Detailed mapping over 150 hectares and a total metal ion soil survey covering 67 km of line were conducted. A total of 1,269 soil samples were collected at 50-meter intervals. Two alteration zones, the northeastern and southwestern, were defined, with the southwestern zone showing signs of prograde and retrograde propylitic alteration, potassic alteration, and anatectic heating.

Economic sulphide minerals like chalcopyrite, bornite, and molybdenite were not found in surface outcrops. Soil surveys indicate the southwestern alteration zone is above a level of intense mineralization, making it the primary exploration target. Soil-copper anomalies suggest copper-bearing fluids have streamed up from depth, while soil-molybdenum anomalies indicate a potential mineralized zone related to a porphyry-type copper-molybdenum-gold deposit across the property.

Greenridge Exploration has successfully implemented KorrAI's advanced analysis at its Nut Lake Project, revealing significant uranium exploration targets. The 2024 exploration program identified seventeen sample locations with readings exceeding 30,000 cps, including six locations with off-scale radioactivity.

KorrAI's analysis utilized hyperspectral imaging and AI-driven technology to identify 564 Fe-oxide targets, with 120 classified as high-priority. The analysis generated detailed heat-maps showing higher concentrations of predicted outcrops on the eastern half of the Property and notable clusters inland on the western half.

The integration of multiple datasets, including biogeochemical stress anomalies, radiometric anomalies, and known rock and till samples containing U3O8, helped refine exploration targets and validate previous radiometric surveys.

Greenridge Exploration announces successful implementation of KorrAI's AI and remote sensing technologies at its Nut Lake Uranium Project. The program effectively mapped Fe-oxide targets, identifying 564 targets with 120 deemed high-priority. The technology successfully identified clean outcrops, with significant concentration on the eastern half of the project. Integration of biogeochemical stress anomalies, radiometric surveys, and known uranium occurrences refined exploration targets. The company's recent ground exploration program included 17 sample locations showing readings greater than 30,000 cps, with six locations registering off-scale radioactivity. Results from these samples are pending and will be integrated with KorrAI's findings to develop a drilling program.

Greenridge Exploration has announced initial results from its 2024 Exploration Program at the Weyman Copper Project. The program included a total metal ion soil survey covering 631 hectares with 1,269 samples taken at 50-meter intervals, and a comprehensive 1:5,000-scale mapping program over the entire 2,803.9-hectare property. The southwestern alteration zone was identified as the most prospective area, where detailed mapping covered 150 hectares. Previous exploration included reconnaissance soil sampling (2014), helicopter-borne magnetic survey (2020), and total metal ion soil surveys (2021). The 2020 survey revealed an extensive thrust fault system and potential indicators of porphyry-type copper-molybdenum-gold deposits in the southwestern area.