Greenridge Exploration Announces Exploration Plans at its Hook-Carter Uranium Project with Denison Mines

Core Viewpoint - Greenridge Exploration Inc. has initiated a work program at its Hook-Carter Uranium Project in Saskatchewan, Canada, focusing on identifying new drill targets along the Patterson Lake Corridor, which is known for significant uranium deposits [1][2][3]. Group 1: Project Overview - The Hook-Carter project consists of eleven claims covering 25,115 hectares and is strategically located approximately 147 kilometers northeast of La Loche, Saskatchewan [2]. - The property is interpreted to host the northeastern strike extension of the Patterson Lake Corridor, which includes notable uranium deposits from companies like NexGen Energy Ltd. and Paladin Energy Limited [2][3]. - The project also overlaps with the Carter and Derksen corridors, which are considered highly prospective for uranium mineralization [3]. Group 2: Exploration Program Details - The 2025 exploration program will include a six-line MLTDEM survey, enhancing the resolution of previous surveys from 1,200 meters to 600 meters [4]. - A joint inversion of the 2025 MLTDEM data, the 2023 ZTEM airborne survey, and historical resistivity data is planned to improve targeting models for future drilling [7]. - The MLTDEM survey is set to commence in August 2025 from a temporary work camp on the property, with ongoing engagement with local communities [8]. Group 3: Joint Venture and Financial Aspects - The Hook-Carter joint venture was established in 2016, with Denison Mines Corp. holding an 80% interest and Greenridge holding 20% [9]. - Denison has invested approximately $7.08 million in exploration expenditures at Hook-Carter since 2016, which includes surface and airborne geophysical programs and nearly 12,000 meters of diamond drilling [9]. - In May 2024, the joint venture agreement was amended, allowing Greenridge to assume ALX Resources Corp.'s 20% interest in the project following its acquisition [10].