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Greenridge Exploration Inc ( (TSE:GXP) ) has shared an announcement.
Greenridge Exploration reported results from its inaugural Summer 2025 diamond drilling campaign at the Carpenter Lake uranium project, where eight holes totaling 1,368 metres tested geophysical and geochemical targets along the Cable Bay Shear Zone. While two holes were lost to technical issues, drilling intersected graphitic pelitic gneisses with sulphides, anomalous uranium and associated pathfinder elements, as well as structurally complex, graphitic-sulphidic shear and fault zones showing brittle reactivation. Downhole gamma probing identified intervals of anomalous radioactivity in three holes, and SWIR analysis confirmed anomalous boron in dravite clay alteration linked to deformation zones and elevated uranium, indicating that uranium-bearing fluids have moved along the structure. The program extended the known extent of prospective host rocks further south than previously recognized, supports a systematic multi‑year exploration campaign at Carpenter Lake, and was carried out using helicopter-assisted drilling to minimize environmental impact, underscoring Greenridge’s long-term commitment to generative uranium exploration in the Athabasca Basin area.
More about Greenridge Exploration Inc
Greenridge Exploration Inc. is a mineral exploration company focused on uranium, with its flagship Carpenter Lake Project located on the southern margin of the Athabasca Basin in northern Saskatchewan, Canada. The company holds a 60% interest in Carpenter Lake, with an option to earn 100%, and is targeting shallow, basement-hosted uranium deposits along the underexplored Cable Bay Shear Zone, a major crustal-scale structure known for conductive signatures, radiometric anomalies and historic uranium occurrences.
Average Trading Volume: 90,469
Technical Sentiment Signal: Buy
Current Market Cap: C$33.38M
Learn more about GXP stock on TipRanks’ Stock Analysis page.