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Greenridge Exploration Announces Exploration Plans at its Hook-Carter Uranium Project with Denison Mines
Globenewswire· 2025-07-16 12:00
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].
Skyharbour’s Partner Company UraEx Resources Commences Summer 2025 Drilling Program at South Dufferin Uranium Project, Athabasca Basin, Saskatchewan
Globenewswire· 2025-07-15 12:00
Core Viewpoint - Skyharbour Resources Ltd. has announced that its partner UraEx Resources Inc. has initiated a 2,600-metre diamond drilling program at the South Dufferin Uranium Project, aiming to explore high-potential uranium targets in the Athabasca Basin [1][2][4]. Company Overview - Skyharbour Resources Ltd. holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 614,000 hectares [11]. - The company has established partnerships with various firms, including UraEx Resources, to advance its exploration projects [12]. - Skyharbour's strategic goal is to maximize shareholder value through new mineral discoveries and long-term partnerships [13]. Project Details - The South Dufferin project spans 13,204 hectares and is located south of the Athabasca Basin, near Cameco's high-grade uranium deposits [5]. - UraEx can earn an initial 51% interest in the South Dufferin property through CAD $4.6 million in project consideration, with the potential to increase to 100% through a total of CAD $9.8 million over five years [1]. - The current drilling program is fully funded with a budget of approximately CAD $1.5 million and is the first drilling activity at the site in over six years [2][3]. Exploration Potential - The drilling will focus on areas with historical geochemical anomalies and structural complexities, which are believed to indicate pathways for uranium-bearing fluids [3]. - Historical drill results from nearby projects have shown significant uranium mineralization, with results of 1.73% U3O8 over 6.5 metres and up to 8.78% U3O8 over 33.9 metres [5]. - The project is considered drill-ready, with several prospective targets identified for follow-up exploration [7]. Industry Context - The Athabasca Basin is recognized as the world's leading uranium district, contributing approximately 20% of global uranium production [4]. - The region has attracted substantial investment due to its rich mineralization and potential for new discoveries [4].
Skyharbour’s Partner Company Mustang Energy Receives Exploration Permit for 914W Uranium Project Located in the Athabasca Basin, Saskatchewan
Globenewswire· 2025-07-03 12:00
Core Viewpoint - Skyharbour Resources Ltd. has announced that its partner Mustang Energy Corp. has received exploration permits for the 914W Uranium Project in Saskatchewan, allowing for ground-based exploration activities [1][3]. Group 1: Project Details - The 914W Project consists of one claim covering 1,260 hectares located approximately 48 km southwest of Cameco's Key Lake Operation, with excellent access provided by Highway 914 [5]. - Mustang Energy can acquire a 75% interest in the Project by issuing common shares valued at CAD $480,000, making cash payments of $275,000 to Skyharbour, and incurring $800,000 in exploration expenditures over three years [1]. - The approved permits include various authorizations for mineral exploration activities, valid until April 30, 2028 [3]. Group 2: Exploration History - Historical exploration on the 914W property has been limited, with initial work conducted between 1968 and 1970, including airborne EM and magnetic surveys [6]. - Significant uranium mineralization has been encountered in nearby areas, with drill hole ML-1 reporting up to 1,288 ppm U and surface prospecting revealing up to 0.64% U3O8 [6]. - The project remains underexplored and is considered prospective for both unconformity-related and pegmatite-hosted uranium and rare earth elements (REEs) [6]. Group 3: Company Overview - Skyharbour holds a diverse portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 614,000 hectares [8]. - The company has established partnerships with various industry leaders and has signed earn-in option agreements totaling over $36 million in partner-funded exploration expenditures [10]. - Skyharbour aims to maximize shareholder value through new mineral discoveries and the advancement of exploration projects in favorable jurisdictions [11].
Skyharbour’s JV Partner Orano Commences 6-7,000m Summer Drilling Program at the Preston Uranium Project
Globenewswire· 2025-06-26 11:30
Core Viewpoint - Skyharbour Resources Ltd. announces the commencement of a large-scale diamond drilling program at the Preston Uranium Project, in partnership with Orano Canada Inc., aiming to explore high-priority uranium targets across the property [1][9]. Group 1: Drilling Program Details - The drilling program will involve approximately 6,000 to 7,000 metres of drilling during the summer of 2025, with up to 28 holes targeting depths between 200 to 350 metres [2][3]. - Key target areas include Johnson Lake, Canoe Lake, and FSAN, with specific strategies for each zone to assess uranium mineralization potential [5][7]. Group 2: Target Areas - **Johnson Lake (Zone 1)**: Planned drilling of 4 to 5 holes averaging 350 metres in depth, focusing on structurally complex intersections identified through previous surveys [3][4]. - **Canoe Lake (Zone 2)**: A total of 6 to 12 holes are planned, with depths of 200 metres, targeting nine conductive trends that remain largely untested [5][6]. - **FSAN Zone (Zone 3)**: This area will see the most extensive testing, with reconnaissance and direct targeting strategies planned for a total of approximately 1,400 to 2,800 metres of drilling [7][8]. Group 3: Previous Exploration Activities - The 2024 exploration program included a 35.6 km ground Moving-Loop Transient Electromagnetic (ML-TEM) survey and a ground gravity survey with 2,295 stations to prioritize drill targets [9][10]. - Historical exploration has established multiple high-priority drill target areas, supported by a comprehensive geological database [12]. Group 4: Joint Venture and Strategic Partnership - Skyharbour and Orano established a joint venture after Orano fulfilled its earn-in option, with Orano holding a 53.3% interest and Skyharbour holding 25.6% [13]. - The partnership aims to advance and develop the Preston Uranium Project, leveraging Orano's extensive experience in uranium exploration and production [18][19].
Dixie Gold Inc.: 6,000m+ Drill Program Commences at the Preston Uranium Project JV; Updates Other Portfolio Projects
Thenewswire· 2025-06-25 12:00
Core Viewpoint - Dixie Gold Inc. has commenced a summer 2025 drill program at the Preston Uranium Project JV, with a budget of approximately C$3,500,000, targeting multiple high-priority uranium sites [1][5][3] Group 1: Project Update - The drill program at the Preston Uranium Project JV is being managed by Orano Canada Inc. and is expected to cover 6,000m to 7,000m [1] - Dixie Gold holds a 21% interest in the Preston Uranium Project JV, which is anticipated to decline after the drill program [3] - The project area spans approximately 49,635 hectares, adjacent to NexGen Energy Ltd.'s Rook-1 project [1] Group 2: Financial Considerations - The planned all-in budget for the drill program is approximately C$3,500,000 [1] - The company aims to manage project-level dilution rather than company-level equity dilution to maintain shareholder value [3][9] - Future funding requirements are expected to exceed the company's current working capital, necessitating a reassessment of its interests in the Preston Uranium Project JV [5][9] Group 3: Exploration Strategy - Dixie Gold is focused on maintaining a portfolio of exploration interests that provide opportunities for shareholders [7] - The company is monitoring other regional activities, including results from Ramp Metals Inc. and Kinross Gold Corporation, which may influence future project decisions [10][14] - The management emphasizes a balanced approach to exploration and equity dilution, considering the high-risk nature of early-stage mineral exploration [20]
GoldMining Updates NI 43-101 Technical Report for the Rea Uranium Project; A Large, Drill Permitted Claim Package in the Western Athabasca Basin, Canada
Prnewswire· 2025-05-28 10:00
Core Viewpoint - The Rea Uranium Project, owned 75% by the Company and 25% by Orano Canada Inc., has received approval for its exploration program, highlighting the growing importance of uranium in clean energy demands and the potential value for shareholders [1][4][7]. Project Overview - The Rea Uranium Project is located in the Athabasca Basin, Alberta, covering approximately 125,328 hectares and consists of 16 mineral permits [5][7]. - The project is strategically positioned near high-grade uranium deposits, including Paladin Energy's Triple R deposit and NexGen Energy's Arrow deposit, which are currently under development [1][7]. Exploration and Development - The Alberta Energy Regulator has authorized the Company's proposed metallic minerals exploration application for the Rea Project [1]. - The project area has seen minimal exploration historically, but recent discoveries in the region have renewed interest and activity [7][10]. - GoldMining has identified 70 kilometers of prospective trends in three distinct corridors for future exploration: Maybelle River, Net Lake, and Keane Lake [11]. Geological Context - The geological structure of the Rea Project is associated with the Maybelle River Corridor, which is projected to extend over an additional 11 kilometers of strike across the northern Rea Project [7]. - The underlying rocks consist of complexly deformed and metamorphosed crystalline basement rocks, which are conducive to uranium mineralization [8]. Historical Context - The Rea Project was acquired by GoldMining in 2013 as part of a larger acquisition of Brazilian gold properties [7][9]. - Historical drilling in the project area has indicated uranium concentrations of up to 48 ppm in the Net Lake corridor and 87 ppm in the Maybelle River corridor [10].
Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin
Newsfile· 2025-05-20 10:30
Core Viewpoint - Purepoint Uranium Group Inc. is mobilizing for a summer uranium drill program at its Dorado Project, with drilling set to begin on May 26, 2025, targeting high-priority electromagnetic conductors for uranium mineralization in the underexplored Dorado Graphitic Domain [1][7]. Company Overview - Purepoint Uranium Group Inc. operates in the Athabasca Basin, focusing on uranium exploration and has a joint venture with IsoEnergy, covering over 98,000 hectares of exploration ground [10][14]. - The Dorado Project includes former properties such as Turnor Lake, Geiger, Edge, and Full Moon, which are underlain by graphite-bearing lithologies favorable for uranium deposition [10]. Project Details - The Dorado Project features over 150 kilometers of discreet electromagnetic conductors within the Dorado Graphitic Domain, which is part of a highly prospective structural corridor hosting multiple high-grade uranium deposits, including IsoEnergy's Hurricane Deposit [2][5]. - The 2025 drill campaign will consist of approximately 5,400 meters across 18 holes, focusing on high-priority EM conductors [3][7]. Initial Drilling Focus - The initial drilling will target the southern portion of the project area along the Q2 conductor, specifically testing a zone northeast of historic drill holes HL-50 and HL-76, which previously intersected uranium mineralization [6][8]. Recent Developments - Recent drilling by IsoEnergy near the Hurricane Deposit has confirmed elevated radioactivity, indicating the continuity of fertile graphitic rock packages and highlighting the potential for additional high-grade discoveries in the region [11]. - Results from the recently completed Smart Lake Joint Venture drill program are under review and will be released shortly, indicating ongoing exploration activities [7][13].
Skyharbour and JV Partner Orano to Commence Extensive Summer 2025 Drilling Program at Preston Uranium Project
Globenewswire· 2025-05-15 11:30
Vancouver, BC, May 15, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) ("Skyharbour" or the "Company"), is pleased to announce that its joint-venture partner, Orano Canada Inc. ("Orano"), will commence a large-scale diamond drilling program at the 49,635-hectare Preston Uranium Project ("Preston" or the "Property") located in the western Athabasca Basin, Saskatchewan, Canada. The drilling program will consist of approximately 6,000 to 7,000 metres of drilling ...