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Bayridge Resources Corp. is a mining exploration company that operates the Sharpe Lake property, a lithium exploration project in Ontario. The company has also acquired an interest in two uranium exploration projects in the Athabasca Basin in Saskatchewan from Canalaska Uranium Corp. Recently, Bayridge Resources Corp. entered into definitive option agreements with CanAlaska Uranium Ltd. to earn up to an 80% interest in each of CanAlaska's Waterbury East and Constellation Projects. The Option Agreements entail defined earn-in stages for Bayridge to acquire interests in the Projects through work commitments, cash payments, and share issuances. Bayridge Resources Corp. is focused on sustainable energy projects and aims to contribute to new uranium discoveries while reducing carbon emissions.
Bayridge Resources has completed airborne VTEM surveys on its Waterbury East and Constellation uranium projects in Canada's Athabasca Basin.
Geotech conducted 133 line-km at Waterbury East and 638 line-km at Constellation.
Preliminary data will be analyzed by in3D Geoscience.
The Waterbury East survey aims to define drill targets for Q2 2024 drilling, exploring both unconformity-hosted and basement-hosted uranium deposits.
Constellation's survey focuses on identifying graphitic and hydrothermally altered zones for future exploration.
Bayridge is earning up to 80% interest in both projects through cash payments, share issuances, and exploration expenditures over four years.
Bayridge Resources has engaged Precision GeoSurveys to conduct a helicopter-supported magnetics and radiometrics survey on its 4,413 ha Sharpe Lake rare element pegmatite project in Ontario. Precision GeoSurveys will use advanced spectrometer and magnetometer systems to map the area. The survey aligns with recommendations from a 43-101 report and is expected to start within 45-75 days. The Sharpe Lake project has shown promising lithium values based on an Ontario Geological Survey, backed by Bayridge's own prospecting results. Bayridge is earning a 100% interest in the property, subject to a 3% NSR royalty, by issuing shares and making cash payments totalling $1.1 million by November 2025.
Bayridge Resources has engaged Geotech to conduct a VTEM survey on its Constellation uranium project in Canada's Athabasca Basin. This survey will help identify basement-hosted uranium targets across the 11,142 ha property. The project has promising geology for unconformity-style uranium deposits, with structural lineaments indicating potential hydrothermal pathways. Historical conductors on the property have been under-explored and un-drilled. The VTEM survey aims to pinpoint conductive anomalies and fault zones for future exploration. Bayridge is securing up to 80% interest in Constellation through phased payments, shares, and exploration expenses over four years. The property's proximity to Key Lake Mine and accessible via helicopter adds strategic advantage.
Bayridge Resources Corp. (CSE: BYRG) has completed its cash and share obligations towards earning an initial 40% interest in the Athabasca Basin uranium properties owned by CanAlaska Uranium The company paid $490,000 in cash and issued $685,000 worth of common shares to CanAlaska. To earn the 40% interest, Bayridge must now spend $1,500,000 on exploration at each project within the next 18 months.
Bayridge Resources Corp. engages Geotech for a helicopter-supported VTEM survey at its Waterbury East uranium project in Canada's Athabasca Basin. The Company aims to delineate the prospective ENE trending corridor for a fully funded 2024 Q2 drill program. Historical data and magnetic lineaments suggest significant uranium mineralization potential. Bayridge holds an option to earn up to an 80% interest in Waterbury East through exploration expenditures over the next 4 years.
Bayridge Resources Corp. announced the formation of an Advisory Council and the appointment of R. Timothy Henneberry as the Inaugural Advisor. Henneberry, a Mining Industry Veteran, brings 44 years of experience in exploration and production for various minerals, including uranium. His extensive background includes leadership roles in several mining companies.
Bayridge Resources Corp. (CSE: BYRG) has engaged TerraLogic Exploration Inc. for the 2024 exploration program at its Waterbury East and Constellation uranium projects in Saskatchewan's Athabasca Basin. The projects show potential for uranium enrichment, with TerraLogic bringing technical expertise and experience in First Nations engagement.
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