Bayridge Resources Provides Overview of 2026 Exploration Program
TMX Newsfile·2026-02-04 08:01

Core Viewpoint - Bayridge Resources Corp. is advancing its exploration program for the Baker Lake Uranium Project in Nunavut, focusing on multiple priority uranium targets identified through historical and modern exploration data [1][4]. Project Overview - The Baker Lake Uranium Project is located in the Kivalliq Region of Nunavut, covering 619 km² with 83 contiguous claims [4][11]. - The project is situated within the Thelon-Baker Basin, which is considered geologically similar to Saskatchewan's Athabasca Basin, known for its uranium deposits [2][4]. - Historical exploration has already established a modern exploration value of $7 million [4]. Exploration Strategy - The exploration strategy emphasizes a disciplined, phased approach, prioritizing areas with structural complexity and elevated uranium responses [6]. - Key elements of the planned exploration program include a desktop review of historical data, reinterpretation of airborne geophysical surveys, and detailed geological mapping [9][14]. Program Highlights - Historical drilling has revealed multiple significant uranium intercepts, with 20 uranium prospects identified along 70 km of the Baker Basin unconformity [8]. - The 2008 TEMPEST® survey defined 30 high-priority uranium targets, with unexplored high-priority drill targets remaining along untested EM conductors [4][8]. - A planned ~3,000 m helicopter-supported diamond drilling program aims to test priority uranium targets identified through historical data review and modern reinterpretation [14].