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Uranium

bradley lake

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INTRODUCTION

BRADLEY LAKE uranium

Figure 1. Bradley Lake Uranium Project Location and Uranium Occurrences

OWNERSHIP : Greenridge 100%.

SIZE : 1 claim totaling 1,147 ha.

LOCATION: North of Athabasca Basin margin.

Regional Significance

  • Located within the Grease River Shear Zone (the “GRSZ”), a major crustal structural feature that defines the western edge of the Tantato Domain in northern Saskatchewan.

  • The GRSZ is believed to be structurally-associated with the Fond du Lac uranium deposit, located 34km to the southwest of the Bradley Lake property.
Figure 1. Bradley Lake Uranium Project Location and Uranium Occurrences
Radioactive Outcrop at the Bradley West Showing, 2022
1. U3O8 values are conversions from uranium-partial laboratory results in ppm multiplied by 1.179

BRADLEY LAKE uranium

Highlights of the 2022 Bradley Lake Prospecting Program

Radioactive Outcrop at the Bradley West Showing, 2022
  • Historical prospecting programs in 2007-2008 in the Bradley Lake area discovered several significant uranium occurrences in outcrop known as the Bradley West and Bradley East showings, with uranium values ranging from 0.08% U3O8 to 3.53% U3O8 (Source: Saskatchewan Mineral Assessment Database, Report #74O-09-0023). 
  • In 2007, a magnetic-radiometric-VLF (“Very Low Frequency”) airborne survey was flown over Bradley Lake, which detected an approximate 700 metre-long uranium radiometric anomaly that corresponds to a portion of the mineralized zones on surface. However, no follow-up electromagnetic (“EM”) work was carried out over the radiometric anomaly beyond the VLF component of the historical airborne survey, which had a limited depth of investigation.
  • Two shallow “scissor” holes were drilled in 2011 from one collar location to undercut the presumed sub-surface strike of the Bradley Lake showing at shallow depths, from which the highest-grade interval was a modest 0.047% U3O8 over 0.30 metres from 23.3 to 25.6 metres.  The two 2011 holes, totaling only 123.4 metres, were drilled without the benefit of a deep-penetrating ground EM survey, which has the capability to detect deeper targets that may exist beneath the uranium showings on surface.
  • In the fall of 2022, Greenridge visited the Bradley Lake showings and at Bradley West observed a northeast-southwest trending structure visible on surface for 60 metres, hosting radioactive occurrences along its length, which was cut off by overburden cover in both directions along strike. Four representative samples were collected from radioactive outcrop along the Bradley showings that returned geochemical values ranging from 0.08% to 1.77% U3O8, as shown in Figure 1 above and Table 1 below.
  • After a review of historical assessment work records, Greenridge believes that the full potential of the Bradley Lake showing has not been realized. The Bradley West and East showings area conveys two different styles of mineralization: pitchblende veinlets hosted by pegmatites and potentially much more significant shear zone hosted uranium (Source: Saskatchewan Mineral Assessment Database, Report #74O-09-0023). Both styles of mineralization display a high uranium-thorium ratio indicative of hydrothermal processes related to a structural rather than a magmatic origin (Daubeny, 2009).
1. U3O8 values are conversions from uranium-partial laboratory results in ppm multiplied by 1.179

BRADLEY LAKE uranium

2024 Exploration Plans

In May 2023, Greenridge received a surface exploration permit good until May 2025, for follow-up exploration at Bradley Lake. The exploration plan includes detailed geological mapping, prospecting and a time-domain EM (“TDEM”) survey to seek geophysical targets related to the area of the Bradley Lake showings.

Bradley Lake Geology Map

National Instrument 43-101 Disclosure

The technical information in this disclosure has been reviewed and approved by Robert Campbell, P.Geo., who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.

Historical geochemical results and geological descriptions quoted in this disclosure were taken directly from assessment work filings published by the Government of Saskatchewan. Management cautions that historical results contained herein were collected and reported by past operators and have not been verified nor confirmed by its Qualified Person, but create a scientific basis for ongoing work in the Bradley Lake project area. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on Greenridge’s mineral properties.

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