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Greenridge Exploration Receives Airborne MobileMT Survey Results for the Sabre Uranium Project in Athabasca Basin, Saskatchewan
Globenewswire· 2025-10-27 12:00
Core Insights - Greenridge Exploration Inc. announced positive results from a high-resolution helicopter-borne Mobile Magnetotellurics survey at the Sabre Uranium Project, indicating strong potential for unconformity-type uranium deposits [4][10][12] Survey Highlights - The survey identified robust basement conductors at depths of approximately 300 to 400 metres, suggesting potential structural and chemical traps for uranium deposition [6][9] - Areas of secondary conductivity were also detected at shallower depths, indicating possible clay alteration halos associated with hydrothermal fluid flow [6] - The MobileMT data confirmed structural corridors and features that may influence mineralization, with some associated with uraniferous sandstone boulders found at the surface [6][10] Survey Details - The survey covered 1,536 line kilometres at 200-metre line spacing over a 232 square kilometre area, processed using advanced digital tools [7][9] - The MobileMT system, introduced in 2018, utilizes natural electromagnetic energy to provide high-resolution mapping of subsurface electrical resistivity contrasts [8][9] Project Overview - The Sabre Project is located in the northern Athabasca Basin, covering 23,178 hectares and is prospective for unconformity-related uranium mineralization [10][12] - Historical exploration has identified anomalous uranium-bearing sandstone boulders and fault structures, with limited previous drill testing [11] Future Exploration Plans - Moving loop time domain EM ground surveys are recommended for winter 2025-2026 to enhance understanding of airborne conductors for future drill testing [12] - The project is fully permitted for uranium exploration activities until November 30, 2027, with ongoing engagement with local communities [12] Company Overview - Greenridge Exploration Inc. focuses on mineral exploration, owning interests in 21 projects covering approximately 281,100 hectares, with significant exposure to uranium and other critical minerals [15][16] - The company has one of the largest uranium property portfolios in Canada, consisting of 13 projects covering about 194,350 hectares [17]