- Bayridge Resources (OTCQB: BYRRF) begins its inaugural drilling program at the Constellation uranium project.
- The program targets two key conductors, with Area B showing the highest uranium concentration of 488 ppm.
- The company aims to earn up to 80% interest in the project through exploration expenditures and payments over four years.
Bayridge Resources (OTCQB: BYRRF) has announced the launch of its maiden drill program at the Constellation uranium project. This helicopter-supported program is designed for a minimum of 1,000 meters, with drill holes ranging between 300 and 350 meters in length. The primary focus will be on two significant conductors from the 2024 VTEM survey: the 5km Brule Lake conductor (Area B) and the 2.5km North conductor (Area A).
Ground prospecting results have been promising, particularly in Area B, which reported the highest uranium concentration of 488 ppm. Meanwhile, Area A yielded uranium samples with concentrations up to 52.5 ppm. These findings underscore the property's favorable geology for basement-hosted unconformity-style uranium deposits.
Bayridge Resources is poised to earn up to an 80% interest in the Constellation property through a structured plan of cash payments, share issuances, and exploration expenditures spread over four years. This program is fully funded and aims to target compelling conductor zones ideal for uranium exploration, leveraging the existing geology and electromagnetic survey data.
