Greenridge Exploration Announces Increase in Land Position at Nut Lake Project with 10.4% U3O8 & 5.51% Cu
VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce that it has acquired through staking a 100% interest (the "Acquisition") in the Nut Lake Uranium South claims (the “Claims”) located in the Thelon Basin, Nunavut Territory. The newly staked Claims contain historical grab sample results of up to 10.39% U3O8 and 5.51% Cu. The new Claims cover an area of ~1,818 ha (18km2) making the Nut Lake Project (the “Project”) now a total of ~5,854 ha (59km2)
- The Project sits within an intersection of multiple tectonic features including reactivated basement faults and a major unconformity.
- The newly staked Claims contain historical grab sample results of up to 10.39% U3O8 and 5.51% Cu.
- The Project now consists of four contiguous mineral licences encompassing a total land area of approximately 5,854 ha (~59km²).
- Russell Starr, Chief Executive Officer of the Company, commented, “The newly acquired ground was staked following a detailed geologic and historical exploration review of the area.