Greenridge Exploration Announces Acquisition of the Carpenter Lake Uranium Project in the Athabasca Basin with Multiple High Priority Targets
VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has entered into a Property Option Agreement (the “Agreement”) dated May 29, 2024 with ALX Resources Inc. (“ALX”) and Pacton Gold Inc. (“Pacton” and together with ALX, the "Optionors") to acquire a 100% interest in the Carpenter Lake Uranium Project (the “Carpenter Lake Property” or the “Project”) located in the Athabasca Basin in Saskatchewan (the "Acquisition"). The Project consists of 7 mineral claims covering 13,387 hectares near the Southern Margin of the Athabasca Basin (Please see Figure 1).
- The Project hosts extensive previous exploration with multiple high priority targets across the Cable Bay Shear Zone.
- Russell Starr, Chief Executive Officer of the Company, commented, “The Carpenter Lake Project compliments the Company’s uranium portfolio perfectly.
- Greenridge is now positioned with highly advanced projects in the world's top uranium jurisdictions, the Athabasca Basin and the Thelon Basin.
- Previous exploration has identified multiple highly prospective priority areas, which will be the main focus of our future exploration programs.