Greenridge Exploration Provides Detailed Update on 2025 Athabasca Basin Exploration Activities
VANCOUVER, British Columbia – Greenridge Exploration Inc. (CSE: GXP | OTC: GXPLF | FRA: HW3) has released a comprehensive update regarding its uranium and critical metals exploration activities conducted throughout 2025 in the Athabasca Basin region of Saskatchewan, Canada.
The company executed an extensive exploration program across six distinct projects in northern Saskatchewan during the year. This initiative employed advanced geological technologies to compile a robust dataset intended to support and guide future drilling campaigns.
CEO Comments on Exploration Progress
Russell Starr, Chief Executive Officer of Greenridge, commented on the company's efforts. "In 2025, Greenridge conducted an extensive exploration program across six projects in northern Saskatchewan, employing advanced technologies to establish a robust geological dataset to support future drilling initiatives," said Starr. "The Company commends the dedication and expertise of its exploration team, contractors, and exploration partners, and looks forward to advancing these results into the 2026 field season."
Hook-Carter Uranium Project Update
The Hook-Carter Uranium Project consists of eleven claims totaling 25,115 hectares. It is situated in the southwest corner of the Athabasca Basin, approximately 147 kilometres northeast of La Loche, Saskatchewan.
Geologically, the project is interpreted to host the northeastern strike extension of the Patterson Lake Corridor (PLC). This corridor is notable for hosting several significant uranium deposits and zones, including NexGen Energy's Arrow deposit, Paladin Energy's Triple R deposit, and Purepoint Uranium Group's Spitfire, Hornet, and Dragon zones in a joint venture with Cameco Corporation and Orano Canada.
Ownership of the Hook-Carter project is structured as a joint venture, with Denison Mines Corp. holding an 80% interest and acting as operator, while Greenridge holds a 20% interest. Greenridge retains an option to increase its working interest to 25% by spending $3.0 million on exploration by November 2026.
During the fall of 2025, a six-line moving loop time-domain electromagnetic (MLTDEM) ground geophysical survey was completed along the PLC. This survey successfully enhanced target resolution and validated conductivity responses that were initially interpreted from a 2023 Z-Axis Tipper Electromagnetic (ZTEM™) airborne survey. The results have helped refine and better define priority drill targets for a planned drilling campaign in 2026.
Carpenter Lake Uranium Project Update
The Carpenter Lake Uranium Project is located on the southern margin of the Athabasca Basin. It comprises twelve mineral claims covering approximately 18,680 hectares.
Ownership is split, with Greenridge holding a 60% interest and acting as the operator of exploration, while Renegade Gold Inc. holds the remaining 40%. Greenridge has a path to earn a 100% interest in the property by fulfilling a schedule of cash payments, common share issuances, and exploration expenditures, as detailed in a company news release dated May 30, 2024.
The project lies along the trend of the Cable Bay Shear Zone (CBSZ), a major geological structure that is considered highly underexplored. In September 2025, the company completed an eight-hole diamond drill program along the CBSZ, totaling 1,368 metres of drilling.
The 2025 drill program intersected lithologies considered prospective for hosting uranium mineralization. These included graphitic pelitic gneisses containing sulphides, with anomalous pathfinder geochemistry for elements such as uranium, arsenic, nickel, copper, cobalt, lead, and zinc.
Notably, intervals of anomalous radioactivity were intersected in three of the eight drill holes. This radioactivity is associated with structural zones and favorable rock types, including graphitic pelite adjacent to cross structures. Furthermore, anomalous dravite, a pathfinder clay alteration mineral containing boron, was observed via short wave infrared (SWIR) spectroscopy and confirmed by laboratory analysis. The presence of strongly anomalous boron is associated with structural deformation and anomalous uranium, which are positive indicators for a potential mineralized system.
Greenridge Exploration's 2025 activities have established a significant geological foundation across its Athabasca Basin portfolio. The company is now positioned to advance these promising results into targeted drilling campaigns during the 2026 field season.
