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Bayridge Resources Corp. (CSE: BYRG) has received final deliverables from Geotech for the airborne VTEM Survey at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin. The survey identified several magnetic and electromagnetic anomalies, which are being interpreted by in3D Geoscience Inc. for priority ranking ahead of H2 drilling. The company is fully funded for the drilling program.
The Waterbury East project is considered favorable for both unconformity-hosted and basement-hosted uranium deposits. Historical surveys defined an ENE-striking conductor across the property, with a depth to unconformity of ~200m. Bayridge has an option to earn up to 80% interest in Waterbury East through a series of payments and exploration expenditures over 4 years. The project is located 25 km northeast of the Cigar Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) has received final deliverables from Geotech for the airborne VTEM Survey at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin region. The survey identified several magnetic and electromagnetic anomalies, which are being interpreted by in3D Geoscience Inc. for priority ranking.
The company is fully funded for late Q3 surface exploration and H1 2025 drilling, following a recent financing. Bayridge has also received its Level I Exploration permit for Constellation. The property shows favorable geology for basement-hosted unconformity-style uranium deposits, with structural lineaments that could act as pathways for hydrothermal activity.
Bayridge is earning up to an 80% interest in Constellation through cash payments, share issuances, and exploration expenditures over the next 4 years. The project is located 60 km southwest of the Key Lake Mine and is accessible via helicopter or float plane.
Bayridge Resources has filed a Level 1 Exploration Permit for its 11,142-hectare Constellation uranium project in the Athabasca Basin, Canada. This permit allows the company to start a fully funded ground survey program, including soil, till, and lake sediment sampling, prospecting, mapping, and scintillometer surveying. The program aims to evaluate the property's potential for basement-hosted uranium deposits, similar to recent discoveries by NexGen Energy in the area. The Constellation project features favorable geology and structural lineaments that could serve as pathways for hydrothermal activity. Bayridge is earning up to an 80% interest in the project through cash payments, share issuances, and exploration expenditures over the next four years.
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.