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Greenridge Exploration Inc ( (TSE:GXP) ) has shared an update.
Greenridge Exploration Inc. has announced the start of a new exploration program at its Hook-Carter Uranium Project, operated by Denison Mines. The program includes a moving loop time-domain electromagnetic survey to identify new drill targets along the Patterson Lake Corridor, known for significant uranium deposits. This initiative aims to enhance the resolution of previous surveys and refine drilling targets, potentially impacting the company’s future exploration success and positioning in the uranium market. The project is part of a joint venture with Denison Mines, where Greenridge holds a 20% stake, and involves ongoing engagement with local communities to foster beneficial relationships.
More about Greenridge Exploration Inc
Greenridge Exploration Inc. operates in the uranium exploration industry, focusing on identifying and developing uranium deposits. The company is involved in the Hook-Carter Uranium Project located in the Athabasca Basin, Saskatchewan, Canada, which is a key area for uranium exploration due to its rich deposits.
Average Trading Volume: 116,738
Technical Sentiment Signal: Sell
Current Market Cap: C$19.91M
For an in-depth examination of GXP stock, go to TipRanks’ Overview page.