CSE : GXP | FRA : HW3 | OTC : GXPLF

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News Alerts

CSE : GXP | FRA : HW3 | OTC : GXPLF

CSE : GXP | FRA : HW3 | OTC : GXPLF

CSE : GXP | FRA : HW3 | OTC : GXPLF

Uranium

hook-carter

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INTRODUCTION

Hook-Carter uranium

Hook-Carter Claim Map

Regional Significance

  • ~13 km northeast of NexGen’s Arrow deposit.
  • ~20 km northeast of Fission Uranium’s Triple R uranium deposit.
  • ~8 km northeast of Cameco/Orano/Purepoint’s Spitfire, Hornet and Dragon discoveries.

Outlook and Planned Exploration

  • No work undertaken since 2019.
  • Highly prospective for continued exploration, which to date suggests the presence of a large mineralized system on the property.

Exploration Summary 2017-2019

  • In 2019, six drill holes totaling 4,797m, identified favourable structure and alteration in the most drill holes, in addition to significant concentrations of uranium pathfinder elements.

  • In 2018, two drill programs totalling 6,960m in nine drill holes were completed. Strong hydrothermal alteration in sandstone and basement lithologies associated with graphitic basement structures encountered.

  • Ground resistivity and electromagnetic surveys identified the 2018-19 drill program targets.

Hook-Carter Claim Map

Hook-Carter uranium

OVERVIEW

Ownership

Greenridge 20% – Denison Mines 80% after sale to Denison in 2016 for 7.5 million common shares of Denison and a minimum spend requirement of $3 MM in exploration. Denison has funded $7.05 million in exploration to date.  The property is subject to certain royalties held by underlying vendors.

Greenridge can earn an additional 5.0% funding $3.0 million of exploration at Hook-Carter within a 30-month period from May 21, 2024, which would change the joint venture participating interests to Greenridge 25% – Denison 75%.

SIZE : 11 claims covering 25,115 ha.

LOCATION: SW margin of the Athabasca Basin within the Patterson Lake corridor; ~27km east of provincial highway 955.

Hook-Carter Geology Map
Hook-Carter Geology Map

Hook-Carter uranium

PREVIOUS WORK

Hook-Carter Previous Work

Denison’s 2023 airborne ZTEM survey confirmed the presence of multiple NE-SW trending conductors trending through Hook-Carter and connecting to the EM conductors identified on Cameo Corporation’s William River property to the north.

  • Denison has drilled only 15 exploratory drillholes during 2018-2019 in a small section of the property – the hallmarks of a prospective setting for uranium mineralization such as graphitic horizons and alteration minerals were intersected in that drilling.

  • Strong hydrothermal alteration in sandstone and basement lithologies associated with graphitic basement structures were encountered, in addition to significant concentrations of uranium pathfinder elements.

  • Highly prospective for continued exploration, which to date suggests the potential presence of a mineralized system on the property. A follow-up drilling program of 6 to 8 diamond drill holes is planned for the winter of 2026.
Hook-Carter Previous Work

Hook-Carter uranium

PREVIOUS WORK

Located in the SW margin of the Athabasca Basin within the Patterson Lake Corridor, located ~27km east of Provincial Highway 955.

  • The Patterson Lake Corridor (PLC), an interpreted geological feature which hosts the Triple R (Paladin Energy Limited) and Arrow (NexGen Energy Ltd.) uranium deposits, and trends northward onto Hook-Carter. A joint venture of Purepoint Uranium Group Ltd. (21%)-Cameco Corporation (39.5%)-Orano Canada (39.5%) adjoins Hook-Carter where the Spitfire, Dragon and Lightning uranium occurrences have been discovered by drilling.
  • A new uranium discovery by NexGen Energy Ltd. called “Patterson Corridor East” located 3.5km due east of Arrow implies that the PLC may be wider than was originally thought.
  • Parallel to and east of the PLC, the Derkson Corridor (“DC”) also trends onto Hook-Carter. The DC was found to be uranium-mineralized from historical drilling to the south of Hook-Carter but has not yet been drill tested on Greenridge’s property.
Hook-Carter Previous Drilling
Hook-Carter Previous Drilling

National Instrument 43-101 Disclosure

The technical information on this web page has been reviewed and approved by Sierd Eriks, P.Geo. (Retired), who is a Qualified Persons in accordance with the Canadian regulatory requirements set out in NI 43-101. Readers are cautioned that some of the technical information described on this web page is historical in nature; however, the historical information is deemed credible and was produced by professional geologists/geoscientists in the years discussed.

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