Greenridge Exploration Acquires Carpenter Lake Uranium Project in Athabasca Basin
In a recent announcement, Greenridge Exploration Inc. revealed that they have successfully acquired the Carpenter Lake Uranium Project in the Athabasca Basin. This significant development comes after the company entered into a Property Option Agreement with ALX Resources Inc. and Pacton Gold Inc. to secure a 100% interest in the project. The Carpenter Lake Uranium Project spans 13,387 hectares and is fully permitted for an extensive drilling program, with multiple high priority targets identified across the Cable Bay Shear Zone.
What Makes the Carpenter Lake Uranium Project Stand Out?
The Carpenter Lake Uranium Project’s strategic location near the Southern Margin of the Athabasca Basin sets it apart from other projects in the region. With historical sampling revealing multiple radioactive boulders with high uranium concentrations, the project holds great promise for future exploration and development. Additionally, its proximity to Cameco’s Centennial deposit and past producing Key Lake uranium mine further enhances its value and potential for significant mineralization.
Exploration and Development Plans for the Carpenter Lake Uranium Project
Greenridge Exploration is gearing up for an intensive exploration program at the Carpenter Lake Uranium Project, focusing on the identified high priority targets. The company’s CEO, Russell Starr, emphasized the importance of leveraging the Project’s advanced exploration status to expedite the exploration efforts. With a summer exploration program on the horizon, which may include drilling high priority targets, Greenridge is poised to unlock the project’s full potential and drive value for its shareholders.