Greenridge Exploration Identifies Uranium Targets from Airborne Electromagnetic Survey at the McKenzie Lake Uranium Project in Northern Saskatchewan

Core Insights - Greenridge Exploration Inc. has announced the results of a helicopter-borne time-domain electromagnetic survey conducted on the McKenzie Lake Uranium Project, which is located near the Athabasca Basin, an area known for uranium exploration [1][4][10] Survey Highlights - The 2025 survey covered 365 line-kilometers at 200-meter line spacing, marking the first deep-penetrating electromagnetic survey in the modern era of uranium exploration for the project [4] - The survey successfully identified a major north-south fault zone and discrete conductive zones, which may indicate potential uranium mineralization [4][6] CEO Statement - Russell Starr, CEO of Greenridge, emphasized that the survey results demonstrate the effectiveness of modern exploration tools in identifying new target areas, which will aid future exploration efforts [5] Exploration Goals - Greenridge plans to integrate the 2025 survey results with previous high-resolution magnetic and radiometric data to enhance surface exploration planning for 2026 [7] - The company aims to discover additional radioactive boulders and anomalies that could indicate an "up-ice" source for uranium mineralization [7] Project Background - The McKenzie Lake project is situated in a region with significant uranium mining history, including nearby mines such as Key Lake and McArthur River [10] - Recent discoveries in the area, including those by 92 Energy Limited and Baseload Energy Corp., highlight the potential for further uranium exploration [10] Company Overview - Greenridge Exploration Inc. is focused on mineral exploration, particularly in uranium, lithium, nickel, copper, and gold, with a portfolio covering approximately 274,420 hectares [13][14] - The company holds one of the largest uranium property portfolios in Canada, consisting of 13 projects and additional claims [14]