Greenridge Exploration Announces Summer 2025 Drilling Results at Carpenter Lake Uranium Project
VANCOUVER, British Columbia – Greenridge Exploration Inc. has released the findings from its Summer 2025 diamond drilling program at the Carpenter Lake Uranium Project, situated on the southern margin of the Athabasca Basin in northern Saskatchewan, Canada. The company completed eight drill holes totaling 1,368 metres, targeting areas along the Cable Bay Shear Zone (CBSZ), a major structural feature that bisects the project.
Key Highlights from the 2025 Drilling Program
The drilling program achieved several significant milestones, providing valuable geological insights for future exploration efforts. Key results include:
- Eight holes were completed for a total of 1,368 metres of NQ core drilling, with two drillholes lost before reaching planned depths due to technical issues.
- Drilling intersected prospective lithologies for uranium mineralization, including graphitic pelitic gneisses with sulphides and anomalous pathfinder geochemistry such as uranium, arsenic, nickel, copper, cobalt, lead, and zinc.
- Anomalous radioactivity was detected in three of the eight drill holes, associated with structural zones and favorable rock types like graphitic pelite adjacent to cross structures.
- Graphitic-sulphidic stacked shear and fault zones were encountered in multiple holes, featuring brittle reactivation features such as breccias, cataclasites, and fault gouge.
- Anomalous dravite, a pathfinder clay alteration mineral containing boron, was observed through short wave infra-red spectroscopy and confirmed by laboratory analysis, indicating strong boron anomalies linked to structural deformation and uranium.
- The program demonstrated that prospective graphitic pelitic gneisses extend further south than previously known, with anomalous geochemistry suggesting uranium-bearing fluids have mobilized along the CBSZ.
- Helicopter-assisted drilling operations minimized environmental impact, supporting sustainable exploration practices.
Executive Commentary and Project Overview
Russell Starr, Chief Executive Officer of Greenridge Exploration, commented on the program's success, stating, "Our inaugural drilling program at Carpenter Lake successfully tested the targets available to us in the summer exploration season and has provided invaluable geological information that will guide our future work on the project. We have embarked on a systematic, multi-year exploration campaign, consistent with the generative nature of uranium exploration in the Athabasca Basin region."
The Carpenter Lake Project comprises nine mineral claims covering approximately 15,091 hectares, with Greenridge holding a 60% ownership stake and Renegade Gold Inc. owning 40%. Greenridge serves as the operator and can earn a 100% interest in the property by fulfilling specific cash payments, common share issuances, and exploration expenditures, as detailed in a news release dated May 30, 2024.
Located on the southern margin of the Athabasca Basin Supergroup sandstones, Carpenter Lake spans over 15 kilometers of the CBSZ. This crustal-scale geological structure, trending northeast-southwest, is characterized by a well-defined conductive signature, radiometric anomalies, and historically mapped uranium occurrences, making it a promising yet underexplored area for uranium deposits.
Drill Hole Data Summary
The following table summarizes the drill hole data from the 2025 program, including coordinates and depths:
- CL25-001: Easting 361233.96, Northing 346439.44, RL 97.3m, Dip -45°, Azi 120°, Total Depth 108m
- CL25-002: Easting 361514.26, Northing 346287.34, RL 99.9m, Dip -45°, Azi 300°, Total Depth 186m
- CL25-003: Easting 362322.96, Northing 347258.65, RL 511.2m, Dip -45°, Azi 300°, Total Depth 255m
- CL25-004: Easting 362322.96, Northing 347258.65, RL 511.2m, Dip -45°, Azi 300°, Total Depth 51m
- CL25-004A: Easting 363180.16, Northing 347639.35, RL 508.0m, Dip -55°, Azi 300°, Total Depth 180m
- CL25-005: Easting 368062.86, Northing 351461.05, RL 515.7m, Dip -45°, Azi 300°, Total Depth 105m
- CL25-005A: Easting 368062.86, Northing 351461.05, RL 515.7m, Dip -50°, Azi 300°, Total Depth 249m
- CL25-006: Easting 364825.46, Northing 349451.05, RL 512.8m, Dip -45°, Azi 300°, Total Depth 234m
These results mark a significant step forward in Greenridge Exploration's efforts to uncover uranium resources in the Athabasca Basin, with ongoing analysis and future drilling planned to build on these promising findings.
