Greenridge Exploration Announces Option Agreement to Acquire the Nut Lake Uranium Project with High Grade Historical Drilling
VANCOUVER, British Columbia, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has entered into an Option Agreement (the “Agreement”) with three optionors (the “Optionors”) to acquire a 100% interest (the "Acquisition") in the Nut Lake Uranium Project (the “Nut Lake Property” or the “Project”) located in the Thelon Basin in Nunavut. The Project covers 4,036 hectares near the Northern Tip of the Yathkyed Basin, a sub-basin of the Thelon Basin (See Figure 1).
- The Project hosts high grade samples of up to 4.36% U3O8, 53.16 oz/t Ag, 1.15% Pb and 7.0% Ni1.
- VANCOUVER, British Columbia, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has entered into an Option Agreement (the “Agreement”) with three optionors (the “Optionors”) to acquire a 100% interest (the "Acquisition") in the Nut Lake Uranium Project (the “Nut Lake Property” or the “Project”) located in the Thelon Basin in Nunavut.
- Russell Starr, Chief Executive Officer of the Company, commented, “The Nut Lake Project is a highly prospective project and a major step forward for the Company's development.
- The project hosts high grade samples of up to 4.36% U3O8, 53.16 oz/t Ag, 1.15% Pb and 7.0% Ni¹.