Greenridge Exploration Announces KorrAI Technology Program at its Nut Lake Uranium Project
2024年7月4日 - 9:00PM
Greenridge Exploration Inc. (“Greenridge” or the
“Company”) (CSE: GXP | FRA: HW3), is pleased to
announce its KorrAI Technology Program (the
“
Program”) at the Nut Lake Project (the
“
Nut Lake Project” or the
“Project”) located in the Thelon Basin in Nunavut.
Russell Starr, Chief Executive Officer of the
Company, commented, “We look forward to integrating KorrAI’s
innovative hyper-spectral imaging technology into our exploration
program. KorrAI’s imaging data will directly inform our 2024
exploration program by pinpointing high-priority outcrops and other
areas of interest. This approach will reduce costs and enhance the
program’s efficiency as we move forward.”
The Company will leverage KorrAI’s advanced
earth observation technology in identifying mineralized outcrops
across the Project. KorrAI will execute its Program in the coming
weeks to aid the Company’s 2024 summer exploration activities.
KorrAI’s proprietary technologies and processes fuse a variety of
datasets and integrate known mineralized analogues and other
internal company data to identify high-priority areas of interest.
The technology will aim to allow the Company to be more efficient
in potentially discovering mineralized outcrops by leveraging
revolutionary systems across the entire Project.
The Company will utilize KorrAI’s exploration
data management solution for its Nut Lake Project and will be
provided with geospatial data products derived using proprietary
algorithms including:
- Outcrop mapping using artificial
intelligence to detect and digitize outcrop features;
- Radon Stress Analysis which will
provide the Company with potential uranium targets under till
cover;
- Iron oxide signatures over mapped
outcrops;
- Integration of existing geological
and field sampling data for the establishment of a baseline AL/ML
prospectivity model; and
- Definition of exploration targets
for field sampling and model validation.
About KorrAi Technologies
KorrAI is an industry pioneer in providing
remote monitoring solutions aimed at reducing operational risk. By
leveraging satellite and geological data alongside advanced AI
technologies, KorrAI detects and analyzes features and changes in
Earth systems. Their system employs a robust and quantitative
approach, effectively mitigating risks associated with exploration
projects.
References
1 Source: 1978
Assessment report (number 81075) by Pan Ocean Oil Ltd.
About Greenridge Exploration
Inc.
Greenridge Exploration Inc. (CSE: GXP | FRA:
HW3) is a mineral exploration company dedicated to creating
shareholder value through the acquisition, exploration, and
development of critical mineral projects in North America. The
Carpenter Lake Uranium Project is located in the Athabasca Basin
consisting of 7 mineral claims covering 13,387 hectares across the
Cable Bay Shear Zone and the Company is advancing the Project to
test multiple high priority targets. The Company’s Nut Lake Uranium
Project located in the Thelon Basin includes historical drilling
which intersected up to 9ft of 0.69% U3O8 including 4.90% U3O8 over
1ft from 8ft depth.1 Additionally, the Company’s Weyman Copper
Project in southeast British Columbia sits on the south portion of
the famous Quesnel Terrance. The Company is led by an experienced
management team and board of directors with significant expertise
in capital raising and advancing mining projects.
On Behalf of the Board of
Directors
Russell StarrChief Executive Officer, DirectorTelephone: +1
(778) 897-3388 Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
This news release contains certain
forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts,
including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance,
including statements regarding the project acquisition bringing a
low-risk opportunity, the Company, building a strong battery metals
portfolio with low-risk opportunities that positively impact the
Company and its shareholders and the Company providing an initial
work plan are "forward-looking statements". Forward-looking
statements in this news release include, but are not limited to,
statements with respect to the Project and its mineralization
potential; the Company’s objectives, goals, or future plans with
respect to the Project; statements with respect to the Program by
KorrAI; expected benefits of using the Program and the Company's
partnership with KorrAI; and the Company's anticipated exploration
program at the Project. These forward-looking statements reflect
the expectations or beliefs of management of the Company based on
information currently available to it. Forward-looking statements
are subject to a number of risks and uncertainties, including those
detailed from time to time in filings made by the Company with
securities regulatory authorities, which may cause actual outcomes
to differ materially from those discussed in the forward-looking
statements. These factors should be considered carefully, and
readers are cautioned not to place undue reliance on such
forward-looking statements. The forward-looking statements and
information contained in this news release are made as of the date
hereof and the Company undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether
because of new information, future events or otherwise, unless so
required by applicable securities laws.
The Canadian Securities Exchange (CSE) does not
accept responsibility for the adequacy or accuracy of this
release.