Greenridge Exploration Receives High Priority Uranium Targets from its KorrAI Technology Program at its Nut Lake Project
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 annuncia l'implementazione riuscita delle tecnologie AI e di remote sensing di KorrAI nel progetto Urani Nut Lake. Il programma ha mappato efficacemente i target di Fe-ossido, identificando 564 obiettivi, 120 dei quali considerati ad alta priorità. La tecnologia ha individuato con successo affioramenti puliti, con una concentrazione significativa nella metà orientale del progetto. L'integrazione di anomalie di stress biogeochimico, sondaggi radiometrici e occorrenze di uranio note ha affinato i target di esplorazione. Il recente programma di esplorazione sul campo dell'azienda ha incluso 17 località di campionamento con letture superiori a 30.000 cps, con sei località che registrano radioattività oltre scala. I risultati di questi campioni sono in attesa e saranno integrati con i risultati di KorrAI per sviluppare un programma di perforazione.
Greenridge Exploration anuncia la implementación exitosa de las tecnologías de IA y sensores remotos de KorrAI en su Proyecto de Uranio Nut Lake. El programa mapeó eficazmente los objetivos de Fe-óxido, identificando 564 objetivos, de los cuales 120 fueron considerados de alta prioridad. La tecnología identificó con éxito afloramientos limpios, con una concentración significativa en la mitad oriental del proyecto. La integración de anomalías de estrés biogeoquímico, encuestas radiométricas y ocurrencias conocidas de uranio refinó los objetivos de exploración. El reciente programa de exploración de campo de la compañía incluyó 17 ubicaciones de muestreo con lecturas superiores a 30,000 cps, y seis ubicaciones registraron radiactividad fuera de escala. Los resultados de estas muestras están pendientes y se integrarán con los hallazgos de KorrAI para desarrollar un programa de perforación.
그린리지 탐사는 코라이의 인공지능 및 원격 감지 기술을 넛 호수 우라늄 프로젝트에 성공적으로 구현했음을 발표했습니다. 이 프로그램은 Fe-산화물 타겟을 효과적으로 매핑하여 564개의 타겟을 식별했으며, 그 중 120개는 고우선 순위로 간주되었습니다. 이 기술은 깨끗한 노출부를 성공적으로 확인했으며, 프로젝트의 동쪽 절반에 중요한 농도가 집중되어 있었습니다. 생지화학적 스트레스 이상 징후, 방사선 조사 및 알려진 우라늄 발생의 통합은 탐사 목표를 다듬었습니다. 회사의 최근 현장 탐사 프로그램에는 30,000 cps를 초과하는 판독값을 가진 17개의 샘플 위치가 포함되어 있으며, 6개 위치에서는 기준을 초과하는 방사능이 기록되었습니다. 이 샘플의 결과는 보류 중이며, 코라이의 발견과 통합하여 시추 프로그램을 개발할 것입니다.
Greenridge Exploration annonce la mise en œuvre réussie des technologies d'IA et de télédétection de KorrAI dans son projet d'uranium Nut Lake. Le programme a efficacement cartographié les cibles en Fe-oxyde, identifiant 564 cibles, dont 120 jugées à haute priorité. La technologie a réussi à identifier des affleurements propres, avec une concentration significative dans la moitié est du projet. L'intégration des anomalies de stress biogéochimiques, des enquêtes radiométriques et des occurrences d'uranium connues a affiné les cibles d'exploration. Le programme d'exploration sur le terrain récent de l'entreprise a inclus 17 sites d'échantillonnage affichant des lectures supérieures à 30 000 cps, avec six sites enregistrant une radioactivité hors échelle. Les résultats de ces échantillons sont en attente et seront intégrés avec les résultats de KorrAI pour développer un programme de forage.
Greenridge Exploration kündigt die erfolgreiche Implementierung der KI- und Fernerkundungstechnologien von KorrAI im Uranprojekt Nut Lake an. Das Programm hat effektiv Fe-Oxidziele kartiert und 564 Ziele identifiziert, von denen 120 als hochprioritär eingestuft wurden. Die Technologie hat erfolgreich saubere Aufschlüsse identifiziert, mit einer signifikanten Konzentration in der östlichen Hälfte des Projekts. Die Integration von biogeochemischen Stressanomalien, radiometrischen Erhebungen und bekannten Uranvorkommen hat die Explorationsziele verfeinert. Das kürzliche Bodenuntersuchungsprogramm des Unternehmens umfasste 17 Probeorte, die Werte über 30.000 cps zeigten, wobei sechs Orte außerhalb der Skala der Radioaktivität registrierten. Die Ergebnisse dieser Proben stehen noch aus und werden mit den Ergebnissen von KorrAI integriert, um ein Bohrprogramm zu entwickeln.
- Advanced AI technology successfully identified 120 high-priority Fe-oxide targets
- 17 sample locations showed readings >30,000 cps, with 6 registering off-scale radioactivity
- Technology integration expected to reduce exploration costs and risks
- Radioactivity readings don't directly confirm uranium mineralization
- Sample results still pending and unconfirmed
Highlights
Target Identification Success
- KorrAI's proprietary technology effectively mapped high-priority targets, reducing the time and resources traditionally required for ground reconnaissance. Radon stress analysis identified potential concealed uranium targets beneath till cover.
Advanced Geospatial Products
- The geospatial datasets delivered by KorrAI, including iron oxide mapping and baseline AI/ML prospectivity models, have been instrumental in validating Greenridge's exploration targets and refining knowledge of the Nut Lake Property geological framework.
Cost and Risk Reduction
- Leveraging Remote Sensing and AI to Minimize Risks and Focus Resources on High-Impact Exploration Targets.
VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | OTC: GXPLF | FRA: HW3), is pleased to announce that KorrAI Technologies Inc.’s (“KorrAI”) innovative AI and remote sensing technologies program (the "Program") have extensively mapped Fe-oxide targets, identifying numerous high-priority targets at the Company’s Nut Lake Uranium Project (“Nut Lake Property” or the “Project”). Integration of geospatial data, radiometric surveys and field samples has refined the exploration focus highlighting promising uranium prospects.
Russell Starr, Chief Executive Officer of the Company, commented, “Pairing the KorrAI technology with our ground programs has significantly increased our understanding of the Nut Lake Property. The Company expects to receive its 2024 ground exploration results in the coming weeks. The program included (17) sample locations that showed readings greater than 30,000 cps, with six (6) sample locations registering off-scale radioactivity*. (Please see News Release dated September 17, 2024). These results will be integrated with the high-priority targets identified by KorrAI, enabling Greenridge to develop a well-informed drilling program.”
Key Outcomes
Outcrop Prediction and Analysis
KorrAI’s Convolutional Neural Network models successfully identified clean and vegetation-free outcrops. These predictions were generated using custom training models, producing a heatmap of project-ready outcrop clusters. Results indicated a significant concentration of outcrops on the eastern half of the Project with notable clusters inland in the west.
Fe-Oxide Target Prioritization
Fe-oxide band ratios were analyzed statistically with outcrops prioritized based on high mean, high maximum and low standard deviation values relative to surrounding features. 564 Fe-oxide targets were identified, of which 120 were deemed high-priority, aligning with the uranium exploration model associated with hematite alteration.
Refined Exploration Targets
Spatial relationships between multiple datasets, including biogeochemical stress anomalies, radiometric surveys and known uranium occurrences, were integrated to refine exploration targets. High-priority targets were further identified based on proximity (200-300m) to upstream radon-induced vegetation stress anomalies, evidence of radioactive decay, and structural features.
Validation of Existing Data
The overlap of biogeochemical stress heatmaps with previous radiometric surveys enhances confidence in the identified anomalies, providing further validation for exploration strategies.
Figure 1 - Greenridge's Nut Lake Property boundary with AI-mapped outcrop and satellite-derived zones of elevated biogeochemical stress.
Implications for Future Exploration
The integration of KorrAI’s geospatial datasets will refine Greenridge's exploration strategy enabling a focused approach toward high-priority targets. The data will aim to accelerate field exploration, reduce costs and enhance the likelihood of significant discoveries at the Nut Lake Property.
The integration of cutting-edge technology from KorrAI underscores Greenridge’s commitment to innovation in mineral exploration. The outcomes at the Nut Lake Property not only enhances the immediate Project prospects, but also sets a precedent for leveraging AI and hyperspectral imaging in future exploration ventures.
The KorrAI partnership establishes a benchmark for combining AI, hyperspectral imaging and field data integration, driving innovation in mineral exploration. Greenridge anticipates leveraging these insights to expand its exploration footprint and achieve tangible results in upcoming field programs.
Qualified Person
The technical information contained in this news release has been reviewed by Neil McCallum B.Sc., P. Geo., of Dahrouge Geological Consulting Ltd., who is a “Qualified Person” as defined in NI 43-101 - Standards of Disclosure for Mineral Projects.
* It is important to note that while elevated radioactivity is promising, it does not directly indicate uranium mineralization, and further assays are required to confirm the presence of uranium or other economically valuable minerals. Samples from the aforementioned locations have been collected, and results are pending.
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 North America. The Carpenter Lake Uranium Project is located in the Athabasca Basin consisting of 7 mineral claims covering 13,387 hectares across the Cable Bay Shear Zone and the Company is advancing the project to test multiple high priority targets. The Company’s Nut Lake Uranium Project located in the Thelon Basin includes historical drilling which intersected up to 9ft of
On Behalf of the Board of Directors
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the project acquisition bringing a low-risk opportunity, the Company, building a strong battery metals portfolio with low-risk opportunities that positively impact the Company and its shareholders and the Company providing an initial work plan are “forward-looking statements”. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Project and its mineralization potential; the Company’s objectives, goals, or future plans with respect to the Project; statements with respect to the Program by KorrAI; expected benefits of using the Program and the Company's partnership with KorrAI; and the Company's anticipated exploration activities at the Project. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether because of new information, future events or otherwise, unless so required by applicable securities laws.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4cfbea6-7383-4d9f-9882-54f7749812df
FAQ
How many high-priority Fe-oxide targets did KorrAI identify at Greenridge's (GXPLF) Nut Lake Project?
What were the radioactivity readings from Greenridge's (GXPLF) 2024 ground exploration program?
How is Greenridge (GXPLF) using AI technology in its uranium exploration?
