Greenridge Exploration Receives High Priority Uranium Targets from its KorrAI Technology Program at its Nut Lake Project
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Greenridge Exploration Receives High Priority Uranium Targets
from its KorrAI Technology Program at its Nut Lake Project
Highlights
Target Identification Success
• KorrAI's proprietary technology effectively mapped high -priority targets, reducing the
time and resources traditionally required for ground reconnaissance. Radon stress
analysis identified potential concealed uranium targets beneath till cover.
Advanced Geospatial Products
• The geospatial datasets delivered by KorrAI, including iron oxide mapping and baseline
AI/ML prospectivity models, have been instrumental in validating Greenridge's
exploration targets and refining knowledge of the Nut Lake Property geological
framework.
Cost and Risk Reduction
• Leveraging Remote Sensing and AI to Minimize Risks and Focus Resources on High-
Impact Exploration Targets.
December 2, 2024
Vancouver, B.C. – Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP
| OTC: GXPLF | FRA: HW3) , is pleased to announce that KorrAI Technologies Inc.’s (“KorrAI”)
innovative AI and remote sensing technologies program (the " Program") have extensively
mapped Fe-oxide targets, identifying numerous high -priority targets at the Company’s Nut
Lake Uranium Project (“ Nut Lake Property” or the “ Project”). Integration of geospatial data,
radiometric surveys and field samples has refined the exploration focus highlighting
promising uranium prospects.
Russell Starr, Chief Executive Officer of the Company, commented, “Pairing the KorrA I
technology with our ground programs has significantly increased our understanding of the
Nut Lake Property. The Company expects to receive its 2024 ground exploration results in the
coming weeks. The program included (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 ). These results will be integrated with the high -
priority targets identified by KorrAI, enabling Greenridge to develop a well -informed drilling
program.”
Key Outcomes
Outcrop Prediction and Analysis
KorrAI’s Convolutional Neural Network models successfully identified clean and vegetation-
free outcrops. These predictions were generated using custom training models, producing a
heatmap of project -ready outcrop clusters. Results indicated a significant concentration of
outcrops on the eastern half of the Project with notable clusters inland in the west.
Fe-Oxide Target Prioritization
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Fe-oxide band ratios were analyzed statistically with outcrops prioritized based on high mean,
high maximum and low standard deviation values relative to surrounding features. 564 Fe -
oxide targets were identified , of which 120 were deemed high -priority, aligning with the
uranium exploration model associated with hematite alteration.
Refined Exploration Targets
Spatial relationships between multiple datasets , including biogeochemical stress anomalies,
radiometric surveys and known uranium occurrences , were integrated to refine exploration
targets. High -priority targets were further identified based on proximity (200 -300m) to
upstream radon -induced vegetation stress anomalies, evidence of radioactive decay, and
structural features.
Validation of Existing Data
The overlap of biogeochemical stress heatmaps with previous radiometric surveys enhances
confidence in the identified anomalies, providing further validation for exploration strategies.
Figure 1 - Greenridge's Nut Lake Property boundary with AI-mapped outcrop and satellite-derived
zones of elevated biogeochemical stress.
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Implications for Future Exploration
The integration of KorrAI’s geospatial datasets will refine Greenridge's exploration strategy
enabling a focused approach toward high-priority targets. The data will aim to accelerate field
exploration, reduce costs and enhance the likelihood of significant discoveries at the Nut Lake
Property.
The integration of cutting -edge technology from KorrAI underscores Greenridge’s
commitment to innovation in mineral exploration. The outcomes at the Nut Lake Property not
only enhances the immediate Project prospects, but also set s a precedent for leveraging AI
and hyperspectral imaging in future exploration ventures.
The KorrAI partnership establishes a benchmark for combining AI, hyperspectral imaging and
field data integration, driving innovation in mineral exploration. Greenridge anticipates
leveraging these insights to expand its exploration footprint and achieve tangible results in
upcoming field programs.
Qualified Person
The technical information contained in this news release has been reviewed by Neil McCallum
B.Sc., P. Geo., of Dahrouge Geological Consulting Ltd., who is a “Qualified Person” as defined in
NI 43-101 - Standards of Disclosure for Mineral Projects.
* It is important to note that while elevated radioactivity is promising, it does not directly
indicate uranium mineralization, and further assays are required to confirm the presence of
uranium or other economically valuable minerals. Samples from the aforementioned
locations have been collected, and results are pending.
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
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 significant 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
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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
activities 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 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 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.