Greenridge Exploration Advances Carpenter Lake Project Efforts

Greenridge Exploration's Successful Exploration Program

Greenridge Exploration Inc. (CSE: GXP | OTC: GXPLF | FRA: HW3) has officially concluded its summer exploration program on the Carpenter Lake Project. This project, located on the southern edge of the Athabasca Basin, is pivotal for the company's future growth.

The 2024 Exploration Endeavor

The summer exploration initiative was conducted by Dahrouge Geological Consulting Ltd. (DGC), who undertook a detailed 15-day exploration program. The primary objective of this program was to explore recently identified anomalies and to pinpoint high-priority targets for upcoming drilling expeditions.

Key Activities of the Program

Throughout the program, several crucial activities were executed, including:

• In-depth geological mapping in areas assessed to be highly prospective.
• Prospecting and rock sampling in designated locations.
• Conducting scintillometer surveys in regions with limited rock exposure.

Dahrouge adopted a systematic approach to identify targets, blending historical data with new findings to streamline efforts on high-potential areas. The recent exploration focused on the Cable Bay Shear Zone (CBSZ), a key structural element within the project that has shown multiple airborne radiometric anomalies and well-defined conductive zones.

Sample Findings

In total, 116 samples were collected during the exploration program. This included 106 samples from outcrop or subcrop and 10 from float or boulders. Notably, 22 locations indicated elevated radioactivity levels exceeding 1,000 counts per second (cps), with some samples recording above 3,000 cps. This emphasis on radioactivity serves as an encouraging indicator, yet further assays will be vital to confirm the presence of uranium or other economically valuable minerals.

Samples have been sent to the Saskatchewan Research Council Geoanalytical Laboratory for analysis via ICP-MS. The findings will be shared as they become available, providing a solid basis for follow-up research aimed at assessing the comprehensive potential of the mineralization in these zones.

Project Geology Overview

The Carpenter Lake Project stretches along the CBSZ and is crucially positioned south of the Athabasca Basin rim. It features various geological elements, including granite gneiss and granite pegmatite, which dominate the site, alongside mafic gneiss and scattered mafic dykes. The CBSZ is characterized by several electromagnetic conductor axes, suggesting the presence of conductive materials such as graphitic or sulfide-rich rocks.

Potential for Uranium Exploration

Historical exploration efforts reported numerous uranium anomalies and were supported by airborne radiometric anomalies found along the CBSZ. These factors signify a promising landscape for uranium mineralization, especially where cross-cutting structures are noted. Early explorations corroborated these findings with diamond drilling results located just north of the project area.

Expanding Marketing Efforts

The company announced an extension of its marketing strategy, enhancing its advertising budget with MIC Marketing Information & Content Publishing GmbH. This decision allows Greenridge to amplify its marketing outreach across Europe through various channels, including social media and Google Ads.

About the Marketing Services

Under this agreement, MIC will provide project management and online marketing campaign coordination, focusing on optimizing advertising strategies and content creation. The enhanced budget aims to ensure efficient outreach, increasing the visibility of Greenridge and its projects.

Future Outlook for Greenridge Exploration

Greenridge Exploration Inc. continues to prioritize developing its Carpenter Lake Project and exploring new opportunities in the mineral sector. With an experienced management team and a commitment to optimizing resources, the company is well-positioned to advance its objectives for the Carpenter Lake Project further.

Frequently Asked Questions

What is the focus of Greenridge Exploration's recent program?

The recent program aimed to explore anomalies and identify high-priority targets for drilling at the Carpenter Lake Project.

How many samples were collected during the exploration?

A total of 116 samples were collected, primarily from outcrops and subsurface exposures.

What geological features characterize the Carpenter Lake Project?

The project is underlain by granite gneiss and granite pegmatite and features the significant Cable Bay Shear Zone.

What is the company's approach to marketing?

Greenridge has extended its marketing agreement to enhance outreach efforts through various online platforms and advertising strategies.

Who is the Qualified Person overseeing the technical data?

The technical information has been reviewed by Neil McCallum B.Sc., P. Geo., of Dahrouge Geological Consulting Ltd.

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