Bayridge Resources Identifies a Number of Airborne Geophysical Targets at Constellation Project
Bayridge Resources Identifies a Number of Airborne Geophysical Targets at Constellation Project
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2024) - Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) (FSE: O0K) ("Bayridge" or the "Company") has received the final deliverables from Geotech for the airborne VTEM Survey recently completed at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin region and is pleased to report a number of magentic and electromagnetic anomalies have been identified (Figure 1). The data package has been sent to in3D Geoscience Inc., for interpretation and priority ranking of the anomalies in advance of late Q3 surface exploration ground truthing in advance of H1 2025 drilling. Bayridge is fully funded to undertake the surface exploration and follow up drilling with the completion of its recent financing (see April 17th, 2024 NR).
溫哥華,不列顛哥倫比亞省--(新聞稿社——2024年7月17日)——Bayridge Resources Corp.(cse: BYRG) (OTC Pink: BYRRF) (FSE: O0K) (“Bayridge” 或“公司”)已收到 Geotech 爲其位於加拿大Athabasca盆地地區Constellation鈾項目的11,142公頃的空中VTEm調查最終交付成果,並報告了多個磁性和電磁異常(圖1)。數據包已發送給in3D Geoscience Inc.作解釋和優先級排名,以在H1 2025鑽探之前進行晚期 Q3 地表探測真實性驗證。Bayridge已完全資助進行地表探測和進一步鑽探,以完成最近的融資(請參閱2024年4月17日 NR)。
"The Bayridge technical team is very pleased to see the positive initial results from the VTEM survey," commented President & CEO, Saf Dhillon. "We will let the experts at in3D Geoscience further define and rank the magnetic and electromagnetic anomalies for our fully permitted and fully funded Q3 exploration program as we work to make the next basement-hosted uranium discovery in the area," he continued.
“Bayridge技術團隊非常高興看到VTEm調查初步結果的積極反應,”總裁兼首席執行官Saf Dhillon說道。“我們將讓in3D Geoscience的專家進一步定義和排名磁性和電磁異常,以進行完全許可和全資支持的Q3探測計劃,同時工作以在該地區發現下一個地下宿主鈾礦脈。”
The Company is also pleased to announce it has received its Level I Exploration permit for Constellation.
公司也很高興地宣佈,已獲得Constellation的一級勘探許可證。
The Constellation property has favourable geology for basement-hosted unconformity-style uranium deposits. The regional geology and magnetics have defined structural lineaments trending NNW and ESE, which could represent structural conduits between the Archean granite inlier and graphitic metasediments that have been mapped on the property. These types of structural zones typically act as pathways for hydrothermal activity. Historical NE-trending conductors have also been outlined on the property, but are under-explored and un-drilled. Strong EM conductors are proven targets associated with unconformity and basement-hosted uranium mineralization in and around the Athabasca Basin.
星座物業地質條件有利於跨層斑岩底部型鈾礦物存儲。區域地質和磁性學定義了NNW和ESE走向的構造線ament,這可能代表了基底花崗岩中的結構引線和在物業上已被測定的石墨質變質岩石之間的成因作用通道。這些構造帶通常作爲熱水活動的通道。空前的NE走向的導體也被勾勒在物業上,但是未被開發和沒有鑽探。強的EM導體是與勻層和基底巖型鈾礦牀有關的證明目標,包括Athabasca盆地及周圍地區。
Bayridge is earning up to an 80% interest in Constellation through a series of cash payments, share issuances and exploration expenditures over the next 4 years. Constellation is located 60 km southwest of the Key Lake Mine, and is accessible via helicopter or float plane, with potential winter road access from Highway 914.
Bayridge通過一系列現金支付、股份發行和勘探支出,將在未來4年內獲得對Constellation高達80%的權益。Constellation位於Key Lake Mine的西南60公里處,可以通過直升機或水上飛機進入,具有從914公路獲得冬季通行的潛力。
R. Tim Henneberry, P.Geo. (BC) and a Consultant and Advisor to the Company, is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this release.
該公司的顧問R. Tim Henneberry,P.Geo。(BC)是根據National Instrument 43-101的合格人員,已經審核並批准了本發佈的技術內容。
About Bayridge Resources Corp.
關於Bayridge資源公司。
Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium and lithium projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested. The 11,142 ha Constellation project is located 60 km south of the present-day Athabasca Basin edge in an area of significant exploration activity for basement hosted uranium. Historic airborne radiometric, electromagnetic, and magnetic surveys identified electromagnetic conductors associated with magnetic lows. The 4,413 ha Sharp Lake project, located in the Red Lake Mining District of Northern Ontario, hosts peraluminous S-type muscovite bearing pegmatite bearing granites in contact with metasediments. Preliminary sampling has highlighted anomalous rare-element values, potentially indicative of lithium mineralization.
Bayridge Resources Corp.是一家推進其加拿大鈾和鋰礦項目組合的綠色能源公司。位於 Athabasca盆地東北部地區Cigar Lake Mine以東25公里的1337公頃Waterbury East項目,地球物理調查顯示了7公里長的電性走向,在2000年代中期的鑽探中,赤紅色基岩的故障和改變被突出顯示,局部含有鈾。這一走向的許多地區仍未經過測試。11142公頃的Constellation項目位於現今Athabasca盆地邊緣以南60公里處,是地下宿主鈾礦勘探活動顯著的區域。歷史上的空中放射性、電磁和磁性調查顯示了與磁性低點相關的電磁導體。位於安大略省紅湖礦區的4,413公頃Sharp Lake項目,具有與變質岩層接觸的富士安長石含鉀脈岩,初步的採樣結果突顯了異常的稀土元素值,可能表明有鋰礦化物。
For more information, please contact:
更多信息,請聯繫:
Saf Dhillon, President & Chief Executive Officer
E-mail: saf@bayridgeresources.com
Tel: 604-484-3031
Saf Dhillon,總裁兼首席執行官
電子郵件:saf@bayridgeresources.com
電話:604-484-3031
Forward-looking information
前瞻性信息
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding Geotech's engagement, the scope and timing of Geotech's services and the Company's exploration plans at Constellation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change..
本新聞稿中的某些聲明爲前瞻性聲明,反映了管理層對Geotech的參與、Geotech的服務的範圍和時間以及本公司在Constellation的勘探計劃的預期。前瞻性聲明包括不純粹是歷史性的陳述,包括關於信仰、計劃、預期或意圖的任何聲明,涉及到未來的一切。這些聲明受到風險和不確定性的影響,可能導致實際結果、績效或發展與上述聲明所包含的結果、績效或發展有所不同。如果管理層的信仰、估計或意見或其他因素髮生變化,本公司不承擔更新這些前瞻性聲明的任何法定證券披露法規適用於本公司。
The CSE has not reviewed, approved, or disapproved the contents of this press release.
CSE未能審核、批准或駁回本新聞稿的內容。