The project is in a region known for its structural trends intersected by brittle faults, which are considered highly prospective for uranium deposits.
Fully owned by Greenridge, the Raven Project includes newly acquired claims adjacent to an existing company claim. The site features over 9km of a historical electromagnetic conductor aligned with a magnetic low, suggesting potential uranium mineralization. The region’s structural trends, intersected by brittle faults, are considered highly favorable for uranium deposits, yet the Raven Project remains under-explored with no recorded historical drill holes.
Greenridge holds data from a 2021 high-resolution airborne magnetic and radiometric survey conducted over the Raven site. This technology previously contributed to the discovery of uranium-bearing boulders at Patterson Lake, leading to the significant Triple R deposit find in November 2012. Although follow-up prospecting based on historical radiometric surveys has been limited, Greenridge recommends additional surface exploration to assess the site’s potential.
The company is planning a helicopter-borne electromagnetic survey for 2025, potentially aligning with other regional surveys to optimize exploration efforts. A Greenridge spokesperson stated: “We are considering a helicopter-borne electromagnetic survey in 2025, which may coincide with other planned surveys in the area.”
In October of the previous year, Greenridge Exploration entered a binding agreement to acquire ALX Resources, strengthening its position in Canada’s uranium exploration sector. This merger consolidates interests in 16 uranium exploration projects across approximately 220,000 hectares in the Athabasca Basin, Thelon Basin, and Elliot Lake, enhancing Greenridge’s portfolio and exploration capabilities.
The Raven Uranium Project acquisition supports Greenridge’s strategy to expand its presence in the Athabasca Basin, a region renowned for its uranium potential. By leveraging advanced survey data and planning further exploration, the company aims to unlock the project’s value while contributing to the global supply of critical minerals for clean energy applications.
