Greenridge Exploration acquires Raven Uranium Project in Saskatchewan, Canada
Greenridge Exploration has acquired the Raven Uranium Project in the Athabasca Basin, Saskatchewan, Canada, through low-cost staking, with no underlying royalties.
The project comprises four mineral claims spread over 6,269 hectares (ha) and is located near the McArthur River Uranium Mine.
Go deeper with GlobalData
The Raven Uranium Project, now 100% owned by Greenridge, is positioned near the eastern margin of the Athabasca Basin, around 65km south-east of the McArthur River Uranium Mine.
Greenridge Exploration’s acquisition includes new claims that are contiguous to a single claim already in the company’s possession.
Raven is characterised by more than 9km of a historical electromagnetic conductor aligned with a magnetic low, indicative of potential uranium mineralisation.
The region is known for its structural trends, which, when intersected by brittle faults, are considered highly prospective for uranium deposits. Despite its promising features, Raven has no known historical drill-holes, leading Greenridge to consider the property under-explored.
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataGreenridge possesses data from a 2021 high-resolution airborne magnetic and radiometric survey conducted over Raven.
This technology previously aided in the discovery of uranium-bearing boulders at Patterson Lake, leading to the notable Triple R find in November 2012.
Although follow-up prospecting based on historical radiometric surveys has been limited, the company has recommended conducting further surface work.
The company is considering a helicopter-borne electromagnetic survey in 2025, which may coincide with other planned surveys in the area.
In October of the previous year, Greenridge Exploration signed a binding agreement to acquire ALX Resources, marking a strategic move to become a dominant player in the Canadian uranium exploration sector.
This merger creates a combined entity with interests in 16 uranium exploration projects covering approximately 220,000ha across the Athabasca Basin, Thelon Basin and Elliot Lake.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Mining Technology Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Mining Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate NowContent Original Link:
" target="_blank">
