Greenridge Exploration posts 2024 exploration results at Weyman Copper Project, British Columbia
Greenridge Exploration Inc. [CSE: GXP; OTC: GXPLF; FRA: HW3] reported results from its 2024 Work Program for its Weyman Project in southeastern British Columbia. The project covers approximately 6,925 acres and is comprised of seven staked mineral claims in the southern Quesnel Terrane.
Greenridge conducted a 1:5,000-scale reconnaissance mapping program over the whole Weyman property. The southwestern alteration zone was identified as the most prospective exploration target on the Project. Focus moved to that alteration zone where detailed 1:5,000-scale mapping over 150 hectares was conducted. That area was included in the previously mentioned reconnaissance mapping area.
Concurrent with geological mapping, a total metal ion soil survey was conducted over an extensive grid that adjoined the 2021-era western soil grid to the north and west to cover both the southwestern alteration zone and almost all of the Weyman property west of the Weyman Thrust system.
The 2024 soil grid comprised 24 2,500-metre long lines north of the western 2021 grid and five 1,400-metre long lines east of the western 2021 grid comprising a total of 67.0 km of line. A total of 1,269 soil samples were taken at 50-metre intervals along each line where soils and drainage permitted.
Russell Starr, CEO, said, “The results of the preliminary program at the Weyman project are very encouraging. The mapping and soil survey provides many details not previously known about high priority areas. Compiling all available data with these results will be important when designing a follow up work program.”
The 2024 mapping resulted in the definition of two alteration zones related to the Wild Horse batholith, named the northeastern and southwestern alteration zones due to their locations on the Project.
The northeastern alteration zone was discovered on the ridge that runs along the northeastern property boundary in the northeastern part of the Weyman property. Very little mapping has been conducted on the northeastern alteration zone and its extent remains unknown.
The progress of alteration at the southwestern alteration zone was as follows: Prograde propylitic alteration mostly confined to fractures, with mostly brittle deformation probably with temperatures less than 450C.
Potassic alteration in fractures and disseminations outward into the rock from them, with temperatures near the brittle-ductile boundary around 450C.
Anatectic heating resulting in pervasive silicification and chloritization of mafic minerals throughout both the Wild Horse granodiorite and the overlying Nicola Group volcaniclastic rocks.
Retrograde propylitic alteration mostly confined to fractures, with mostly brittle deformation probably with temperatures less than 450C.
Economic sulphide minerals associated with porphyry-type copper-molybdenum-gold deposits, such as chalcopyrite, bornite, and molybdenite were not found in surface outcrops in either of the two alteration zones during the current (2024) mapping. Presently, the southwestern alteration zone is the primary exploration target on the Weyman Property.
The southwestern alteration zone is located in the hanging-wall block of the Weyman Thrust system about 1.9 km west of the main surface trace of that system. The centre of that alteration zone is located in the northern part of the 2014 HPX Quesnellia Eastern Target. It is surrounded by a north-south trending oval of soil-copper anomalies from the 2021 Monumental Gold survey. The oval of 2021-era soil-copper anomalies that surrounds the centre of the alteration zone is interpreted to be the result of copper-bearing fluids that have streamed up from depth beneath the exposure of the alteration zone to surface, late during the operation of the Weyman hydrothermal system.
In the southwestern part of the project area, the most obvious potential source area for the molybdenum-bearing fluids responsible for the development of molybdenum enrichment along the surface trace of the Weyman Thrust system is a mineralized part of the Weyman hydrothermal system underlying the southwestern alteration zone.
In the northwestern part of the property area, the area west of the extensive soil- potassium, copper, and molybdenum anomaly is till-covered. The results of the 2020 Monumental Gold aeromagnetic survey are inconclusive in the northwestern part of the Project area.
Greenridge Exploration owns or has interests in 28 projects covering approximately 388,040 hectares with exposure to potential uranium, lithium, nickel, copper and gold discoveries.
Greenridge has one of the largest uranium property portfolios in Canada consisting of 15 projects covering approximately 212,845 hectares. The company has opportunities to realize value in a further 12 strategic metals projects which include lithium, nickel, gold, and copper exploration properties totalling ~175,195 hectares.
Project highlights include: The Black Lake property, located in the NE Athabasca Basin, (40% Greenridge, 50.43% UEC, 8.57% Orano) saw a 2004 discovery hole (BL-18) return 0.69% U3O8 over 4.4m.
The Hook-Carter property (20% Greenridge, 80% Denison Mines Corp.) is strategically located in the SW Margin of the Athabasca Basin, sitting ~13km from NexGen Energy Ltd.’s Arrow deposit and ~20 km from Fission Uranium Corp.’s Triple R deposit.
The Gibbons Creek property hosts high-grade boulders located in 2013, with grades of up to 4.28% U3O8 and the McKenzie Lake project saw a 2023 exploration program return three samples which included 844 ppm U-total (0.101% U3O8), 273 ppm U-total, and 259 ppm U-total.
The Nut Lake property 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 depth.
The Firebird Nickel property has seen two drill programs (7 holes totaling 1,339 m), where hole FN20-002 intersected 23.8 m of 0.36% Ni and 0.09% Cu, including 10.6 m of 0.55% Ni and 0.14% Cu.
The Electra Nickel project 2022 drill program included results of 2,040 ppm Ni over 1m and 1,260 ppm Ni over 3.5m.