Greenridge Exploration Pinpoints High Priority Uranium Targets with KorrAI’s Advanced Analysis at its Nut Lake Project
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Greenridge Exploration Pinpoints High Priority Uranium
Targets with KorrAI’s Advanced Analysis at its Nut Lake Project
December 16, 2024
Vancouver, B.C. – Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP
| OTC: GXPLF | FRA: HW3), is pleased to announce the successful implementation of KorrAI
Technologies Inc.'s (" KorrAI") advanced analysis at the Company's Nut Lake Project (the
"Project"). KorrAI’s hyperspectral imaging and AI-driven analysis continue to play a critical role
in enhancing the efficiency and precision of future exploration efforts, leading to actionable
targets and advancing Greenridge’s objectives. The Company received significant outcomes,
which were achieved through this innovative program with KorrAI (the "Program"). The 2024
exploration program included seventeen (17) sample locations that showed readings greater
than 30,000 cps, with six (6) sample locations registering off -scale radioactivity ( Please see
News Release dated September 17, 2024).
Russell Starr, Chief Executive Officer of the Company, commented, “The team continues to
integrate KorrAI data with existing datasets to validate high-priority Uranium targets. The
2024 ground exploration results will be used to add an additional layer of analysis to confirm
targets for future work programs.”
Key Outcomes of the Collaboration
The geospatial datasets delivered by KorrAI, including iron oxide mapping and AI/ML -driven
prospectivity models, were instrumental in validating Greenridge’s exploration targets.
Outcrop predictions generated by KorrAI’s Convolutional Neural Network ( “CNN”) models
identified clean, vegetation-free outcrops, summarized using a hotspot analysis technique to
produce an intuitive heat -map ( Please see Figure 2). The heat -map revealed significantly
higher concentrations of predicted outcrops on the eastern half o f the Property and notable
clusters inland on the western half. These key findings will allow future exploration programs
to allocate resources more effectively.
Detailed Results
KorrAI’s CNN models identified numerous vegetation -free outcrops, summarized in a heat -
map highlighting clusters across the Property ( Please see Figure 1). While the heatmap
indicates the presence of outcrops, it does not assess their quality regarding lichen cover,
sediments, boulders, or uranium prospectivity.
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Figure 1 - Heat-map of AI predicted outcrops across the Nut Lake Project, overlain by previously known
uranium showings
Fe-Oxide Target Prioritization
Within the predicted outcrops, Fe -oxide targets were determined using band ratio analysis
(Please see red targets in Figure 2). Outcrops were statistically analysed for maximum,
minimum, mean, and standard deviation values of Fe-oxide bands. Targets were prioritized as
high or medium priority based on desirable characteristics such as high mean values, high
maximum values, and low standard deviation. This analysis id entified 564 Fe -oxide targets,
with 120 deemed high -priority, correlating with hematite alteration associated with uranium
mineralization models.
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Figure 2 - Nut Lake Project displaying Fe targets in red and combined data targets in orange
Refined Exploration Targets
KorrAI personnel combined multiple datasets to refine exploration targets (Please see orange
targets in Figure 2 and Figure 3). These high -priority target areas were chosen based on
proximity (200–300 m) to biogeochemical stress anomalies, radiometric anomalies, and known
rock and till samples containing U3O8. These targets also factored in structural features and the
presence of aforementioned high -priority Fe-oxide targets. The spatial relationship between
stressed vegetation and Fe -oxide targets provided further refinement for underexplored
locations, expediting future exploration efforts.
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Figure 3 - Combined targets overlain with Fe-oxide targets (red), radiometric anomalies (pink) and
stressed vegetation (biogeochemical stress anomalies). Water stream flow networks are not displayed
Validation of Existing Data
Confidence in previous radiometric surveys was bolstered by the correlation of biogeochemical
stress anomalies with radiometric patterns ( Please see Figure 4). These overlaps reinforce the
interpretation of radioactive decay’s influence on exploration targets and validate the reliability
of prior data.
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Figure 4 - Heat-map of stressed vegetation
The integration of KorrAI’s datasets refined Greenridge's exploration strategy, directing efforts
toward the most promising targets. This approach not only accelerated fieldwork but also
reduced costs, contributing to improved resource allocation and more targeted exploration
efforts.
This collaboration demonstrated the value of integrating cutting -edge AI, hyperspectral
imaging, and field data for mineral exploration. The outcomes at the Project strengthened
Greenridge’s project portfolio and set a new standard for innovation in exploration programs.
Greenridge is committed to leveraging these insights to expand its exploration footprint and
achieve continued success in future programs.
Qualified Person
The technical information contained in this news release has been reviewed by Samantha Van
De Kerckhove, M.Sc., P.Geo. with KorrAI, who is a “Qualified Person” as defined in NI 43 -101 –
Standards of Disclosure for Mineral Projects.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. ( CSE: GXP | OTC: GXPLF | 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
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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 depth2. 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 si gnificant expertise in capital raising and
advancing mining projects.
On Behalf of the Board of Directors
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: [email protected]
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; the Company's anticipated exploration activities
at the Project; and the application of the Program by KorrAI on the Company's other mineral properties .
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 t ime 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 t he 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.