Greenridge Exploration Announces Results of its 2024 Exploration Program at its Weyman Copper Project in British Columbia
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 ha annunciato i risultati del suo Programma di Lavoro 2024 presso il Weyman Copper Project nella Columbia Britannica. Il progetto si estende su circa 6.925 acri e comprende sette rivendicazioni minerarie. È stato condotto un programma di mappatura di ricognizione in scala 1:5.000 su tutta la proprietà, identificando la zona di alterazione sud-occidentale come l'obiettivo di esplorazione più promettente.
È stata effettuata una mappatura dettagliata su 150 ettari e un'indagine del suolo sui metalli ionici coprente 67 km di linea. Sono stati raccolti un totale di 1.269 campioni di suolo a intervalli di 50 metri. Due zone di alterazione, quella nord-orientale e quella sud-occidentale, sono state definite, con la zona sud-occidentale che mostra segni di alterazione propilatica prograde e retrograde, alterazione potassica e riscaldamento anatettico.
I minerali solforosi economici come la calcopirite, la bornite e la molibdenite non sono stati trovati negli affioramenti superficiali. Le indagini del suolo indicano che la zona di alterazione sud-occidentale si trova al di sopra di un livello di intensa mineralizzazione, rendendola l'obiettivo principale di esplorazione. Le anomalie di rame nel suolo suggeriscono che fluidi contenenti rame sono risaliti dalla profondità, mentre le anomalie di molibdeno nel suolo indicano una potenziale zona mineralizzata legata a un deposito di rame-molibdeno-oro di tipo porfirico lungo la proprietà.
Greenridge Exploration anunció los resultados de su Programa de Trabajo 2024 en el Proyecto Weyman Copper en Columbia Británica. El proyecto abarca aproximadamente 6,925 acres e incluye siete reclamaciones minerales. Se llevó a cabo un programa de mapeo de reconocimiento a escala 1:5,000 en toda la propiedad, identificando la zona de alteración suroeste como el objetivo de exploración más prometedor.
Se realizó un mapeo detallado en 150 hectáreas y un levantamiento de suelos de iones metálicos que cubre 67 km de línea. Se recolectaron un total de 1,269 muestras de suelo a intervalos de 50 metros. Se definieron dos zonas de alteración, la noreste y la suroeste, siendo esta última la que muestra signos de alteración propilítica progradante y retrógrada, alteración potásica y calefacción anatectica.
No se encontraron minerales sulfuros económicos como calcopirita, bornita y molibdenita en los afloramientos superficiales. Las encuestas de suelo indican que la zona de alteración suroeste está por encima de un nivel de intensa mineralización, lo que la convierte en el objetivo principal de exploración. Las anomalías de cobre en el suelo sugieren que fluidos portadores de cobre han emergido desde profundidad, mientras que las anomalías de molibdeno en el suelo indican una posible zona mineralizada relacionada con un depósito de cobre-molibdeno-oro de tipo porfirítico a través de la propiedad.
Greenridge Exploration는 브리티시 컬럼비아의 Weyman Copper Project에서 2024 작업 프로그램의 결과를 발표했습니다. 이 프로젝트는 약 6,925 에이커에 걸쳐 있으며, 7개의 광물 청구권을 포함합니다. 전체 부동산에 대해 1:5,000 규모의 탐사 맵핑 프로그램이 수행되어, 남서쪽의 변성대가 가장 유망한 탐사 목표로 확인되었습니다.
150헥타르에 걸쳐 상세한 맵핑과 67km의 라인에 걸친 금속 이온 토양 조사도 이루어졌습니다. 50미터 간격으로 총 1,269개의 토양 샘플이 수집되었습니다. 북동쪽과 남서쪽의 두 개의 변성대가 정의되었으며, 남서쪽 대는 진행적 및 퇴행적 프로필 기 변성, 칼륨 변성 및 아나텍틱 가열의 징후를 보였습니다.
경제적인 황화 광물인 칼코파라이트, 본나이트 및 몰리브데나이트는 노출된 표면에서 발견되지 않았습니다. 토양 조사는 남서쪽의 변성대가 강렬한 광물화 수준 위에 위치하고 있음을 나타내어, 이를 주요 탐사 목표로 삼고 있습니다. 토양-구리 이상치는 구리 함유 유체가 깊은 곳에서 올라왔음을 시사하며, 토양-몰리브데넘 이상치는 이 재산 전반에 걸쳐 porphyry형 구리-몰리브데넘-금 매장지와 관련된 잠재적인 광물화 구역을 나타냅니다.
Greenridge Exploration a annoncé les résultats de son Programme de Travail 2024 pour le Projet Weyman Copper en Colombie-Britannique. Le projet s'étend sur environ 6 925 acres et comprend sept revendications minérales. Un programme de cartographie de reconnaissance à l'échelle 1:5 000 a été réalisé sur l'ensemble de la propriété, identifiant la zone d'altération sud-ouest comme la cible d'exploration la plus prometteuse.
Une cartographie détaillée sur 150 hectares et une enquête de sol sur les ions métalliques couvrant 67 km de ligne ont été menées. Un total de 1 269 échantillons de sol ont été recueillis par intervalles de 50 mètres. Deux zones d'altération, la nord-est et la sud-ouest, ont été définies, la zone sud-ouest montrant des signes d'altération prograde et rétrograde propylitique, d'altération potassique et de chauffage anatectique.
Des minéraux sulfures économiques tels que la chalcopyrite, la bornite et la molybdénite n'ont pas été trouvés dans les affleurements de surface. Les enquêtes de sol indiquent que la zone d'altération sud-ouest se trouve au-dessus d'un niveau d'intense minéralisation, ce qui en fait la cible principale d'exploration. Les anomalies de cuivre dans le sol suggèrent que des fluides contenant du cuivre ont remonté de la profondeur, tandis que les anomalies de molybdène dans le sol indiquent une zone potentiellement minéralisée liée à un gisement de cuivre-molybdène-or de type porphyrique sur la propriété.
Greenridge Exploration hat die Ergebnisse seines Arbeitsprogramms 2024 im Weyman Copper Project in British Columbia bekannt gegeben. Das Projekt erstreckt sich über etwa 6.925 Acres und umfasst sieben Mineralansprüche. Ein 1:5.000-Mapping-Programm zur Geländeerkundung wurde über das gesamte Grundstück durchgeführt, wobei die südwestliche Alterationszone als das vielversprechendste Erkundungsziel identifiziert wurde.
Eine detaillierte Kartierung über 150 Hektar und eine gesamte Metallionbodenuntersuchung, die 67 km Linienstrecke abdeckt, wurden durchgeführt. Insgesamt wurden 1.269 Bodenproben in Intervallen von 50 Metern entnommen. Es wurden zwei Alterationszonen definiert, die nordöstliche und die südwestliche, wobei die südwestliche Zone Anzeichen von vorgrader und rückgrader propylitischer Alteration, potassischer Alteration und anatektischer Erwärmung aufweist.
Wirtschaftlich relevante Sulfidmineralien wie Chalkopyrit, Bornit und Molybdänit wurden in den Oberflächenausbiss nicht gefunden. Die Bodenuntersuchungen deuten darauf hin, dass die südwestliche Alterationszone über einem Niveau intensiver Mineralisierung liegt, was sie zum primären Erkundungsziel macht. Kupferanomalien im Boden deuten darauf hin, dass kupferhaltige Flüssigkeiten aus den Tiefen aufgestiegen sind, während Molybdänanomalien im Boden auf eine potenzielle mineralisierte Zone hinweisen, die mit einem porphyrischen Kupfer-Molybdän-Gold-Vorkommen auf dem Grundstück in Zusammenhang steht.
- Identification of the southwestern alteration zone as the most prospective exploration target.
- Detailed mapping and soil survey covering 67 km of line and collecting 1,269 soil samples.
- Potential mineralized zone related to a porphyry-type copper-molybdenum-gold deposit across the property.
- Economic sulphide minerals like chalcopyrite, bornite, and molybdenite were not found in surface outcrops.
VANCOUVER, British Columbia, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. ("Greenridge" or the "Company") (CSE: GXP | OTC: GXPLF | FRA: HW3), is pleased to announce the results from its 2024 Work Program (the “Program”) for its Weyman Project (the “Weyman Property” or the “Project”) located in Southeastern British Columbia. The Project covers approximately 6,925 acres of land and is comprised of seven (7) staked mineral claims in the southern Quesnel Terrane of British Columbia.
Greenridge conducted a 1:5,000-scale reconnaissance mapping program over the whole Weyman Property. The southwestern alteration zone was identified as the most prospective exploration target on the Project. Focus moved to that alteration zone where detailed 1:5,000-scale mapping over 150 hectares was conducted. That area was included in the previously mentioned reconnaissance mapping area.
Concurrent with geological mapping, a total metal ion soil survey was conducted over an extensive grid that adjoined the 2021-era western soil grid to the north and west in order to cover both the southwestern alteration zone and almost all of the Weyman Property west of the Weyman Thrust system. The 2024 soil grid comprised twenty-four (24) 2,500-m long lines north of the western 2021 grid and five (5) 1,400-m long lines east of the western 2021 grid comprising a total of 67.0 km of line. A total of 1,269 soil samples were taken at 50-m intervals along each line where soils and drainage permitted.
Russell Starr, Chief Executive Officer of the Company, commented, “The results of the preliminary program at the Weyman project are very encouraging. The mapping and soil survey provides many details not previously known about high priority areas. Compiling all available data with these results will be important when designing a follow up work program.”
Figure 1 - Greenridge Weyman Copper Project - Terrain and Mineralization
The northwestern part of the Weyman Property hosts the southern margin of the Wild Horse batholith, a calc-alkalic intrusion in the Eastern Belt of the Quesnel terrane. Rocks comprising the batholith range from granodiorite to quartz diorite, monzonite, and diorite in contaminated boundary zones.
The 2024 mapping resulted in the definition of two alteration zones related to the Wild Horse batholith, named the northeastern and southwestern alteration zones due to their locations on the Project.
The northeastern alteration zone was discovered on the ridge that runs along the northeastern property boundary in the northeastern part of the Weyman Property. It is hosted by granodiorite of the Wild Horse batholith. There, narrow fractures are hosted by prograde propylitic alteration followed by potassic alteration followed by retrograde propylitic alteration. There is little disseminated alteration throughout the mass of rock. Very little mapping has been conducted on the northeastern alteration zone and its extent remains unknown.
The progress of alteration at the southwestern alteration zone was as follows:
- Prograde propylitic alteration mostly confined to fractures, with mostly brittle deformation probably with temperatures less than 450C.
- Potassic alteration in fractures and disseminations outward into the rock from them, with temperatures near the brittle-ductile boundary around 450C.
- Anatectic heating resulting in pervasive silicification and chloritization of mafic minerals throughout both the Wild Horse granodiorite and the overlying Nicola Group volcaniclastic rocks.
- Retrograde propylitic alteration mostly confined to fractures, with mostly brittle deformation probably with temperatures less than 450C.
Figure 2 - Greenridge Weyman Copper Project - Structural Geology
Economic sulphide minerals associated with porphyry-type copper-molybdenum-gold deposits, such as chalcopyrite, bornite, and molybdenite were not found in surface outcrops in either of the two alteration zones during the current (2024) mapping. Evidence from the 2021 Monumental Gold western and current (2024) soil survey indicate that the surface exposure of the southwestern alteration zone is in the upper part of the Weyman hydrothermal system above a level of intense mineralization. Presently, the southwestern alteration zone is the primary exploration target on the Weyman Property.
The southwestern alteration zone is located in the hanging-wall block of the Weyman Thrust system about 1.9 km west of the main surface trace of that system. The centre of that alteration zone is located in the northern part of the 2014 HPX Quesnellia Eastern Target. It is surrounded by a north-south trending oval of soil-copper anomalies from the 2021 Monumental Gold survey. The oval of 2021-era soil-copper anomalies that surrounds the centre of the alteration zone is interpreted to be the result of copper-bearing fluids that have streamed up from depth beneath the exposure of the alteration zone to surface, late during the operation of the Weyman hydrothermal system.
Most of the elevated soil-molybdenum concentrations in the Weyman Property area are structurally related but are assumed to have been from hydrothermal sources originally. The soil-molybdenum anomaly near the northeastern corner of the 2024 Greenridge grid and west of the northeastern end of the Weyman Thrust system is about 500 meters wide on surface. The anomaly is most intense near its distinct northeastern boundary. That indicates that metal-rich fluids may have traveled eastward and upward above the floor of a zone of comparatively high permeability along the Weyman Thrust system.
The association of soil-molybdenum anomalies with the Weyman Thrust system throughout its entire length across the Weyman Property indicates that a mineralized zone related to a porphyry-type copper-molybdenum-gold deposit may be present in the western part of the Weyman property from beneath the southwestern alteration zone to the northern boundary of the property, covering a distance of about 4 km.
In the southwestern part of the Project area, the most obvious potential source area for the molybdenum-bearing fluids responsible for the development of molybdenum enrichment along the surface trace of the Weyman Thrust system is a mineralized part of the Weyman hydrothermal system underlying the southwestern alteration zone. In the northwestern part of the property area, the area west of the extensive soil- potassium, copper, and molybdenum anomaly is till-covered. The results of the 2020 Monumental Gold aeromagnetic survey are inconclusive in the northwestern part of the Project area.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. (CSE: GXP | OTC: GXPLF | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada. The Company owns or has interests in 28 projects covering approximately 388,040 hectares with considerable exposure to potential uranium, lithium, nickel, copper and gold discoveries. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects.
Greenridge has one of the largest uranium property portfolios in Canada consisting of 15 projects covering approximately 212,845 hectares. The Company has opportunities to realize value in a further 12 strategic metals projects which include lithium, nickel, gold, and copper exploration properties totalling ~175,195 hectares. Project highlights include:
- The Black Lake property, located in the NE Athabasca Basin, (
40% Greenridge,50.43% UEC,8.57% Orano) saw a 2004 discovery hole (BL-18) return0.69% U3O8 over 4.4m. - The Hook-Carter property (
20% Greenridge,80% Denison Mines Corp.) is strategically located in the SW Margin of the Athabasca Basin, sitting ~13km from NexGen Energy Ltd.’s Arrow deposit and ~20 km from Fission Uranium Corp.’s Triple R deposit. - The Gibbons Creek property hosts high-grade boulders located in 2013, with grades of up to
4.28% U3O8 and the McKenzie Lake project saw a 2023 exploration program return three samples which included 844 ppm U-total (0.101% U3O8), 273 ppm U-total, and 259 ppm U-total. - The Nut Lake property located in the Thelon Basin includes historical drilling which intersected up to 9ft of
0.69% U3O8 including4.90% U3O8 over 1ft from 8ft depth. - The Firebird Nickel property has seen two drill programs (7 holes totaling 1,339 m), where hole FN20-002 intersected 23.8 m of
0.36% Ni and0.09% Cu, including 10.6 m of0.55% Ni and0.14% Cu. - The Electra Nickel project 2022 drill program included results of 2,040 ppm Ni over 1m and 1,260 ppm Ni over 3.5m.
The Company has strategic partnerships which includes properties being operated and advanced by Denison Mines Corp. and Uranium Energy Corp. The Company’s management team, board of directors, and technical team brings significant expertise in capital raising and advancing mining projects and is poised to attract new investors and raise future capital.
Qualified Person
John Ostler, M. Sc., P. Geo, (EGBC Licence # 18415) is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Ostler has reviewed and approved the technical content in this release.
On Behalf of the Board of Directors of Greenridge
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: the Project and its mineralization potential; the results of the Program; the Company’s objectives, goals, or future plans with respect to the Project; further exploration work on the Project in the future. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
Figures accompanying this announcement are available at:
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FAQ
What were the results of Greenridge's 2024 exploration program at the Weyman Copper Project?
What is the significance of the southwestern alteration zone in the Weyman Project?
Were any economic sulphide minerals found in surface outcrops during the 2024 mapping?
How many soil samples were collected during the 2024 exploration program at the Weyman Copper Project?
What does the soil-molybdenum anomaly indicate at the Weyman Copper Project?
What were the main geological findings of the 2024 exploration program?
