VANCOUVER, British Columbia, July 04, 2024 (GLOBE NEWSWIRE) — Green Ridge Exploration Corp. (“Green Ridge”) or “Company” (CSE: GXP | FRA: HW3)is a member of the KorrAI Technology Program (“programNut Lake Project (“Nut Lake Project or “project”) is located in the Thelon Basin in Nunavut.
Russell Starr, the company’s chief executive officer, commented:“We look forward to integrating KorrAI’s innovative hyperspectral imaging technology into our exploration program. KorrAI’s image data will directly inform our 2024 exploration program by identifying high-priority outcrops and other areas of interest. This approach will reduce costs and improve program efficiency.”
The Company will leverage KorrAI’s advanced Earth observation technology to identify mineralized outcrops throughout the project. KorrAI will execute programs in the coming weeks to support the Company’s summer 2024 exploration activities. KorrAI’s proprietary technology and process fuses disparate data sets, integrating known mineralized analogues with other in-house data to identify high-priority areas of interest. The technology is intended to enable the Company to more efficiently discover mineralized outcrops by leveraging innovative systems across the project.
The Company will utilize KorrAI’s exploration data management solution for the Nut Lake Project and will be provided with geospatial data products generated using proprietary algorithms including:
- Outcrop mapping uses artificial intelligence to detect and digitize outcrop features.
- Radon stress analysis allows us to discover potential uranium targets beneath the geological cover.
- Iron oxide signatures on mapped outcrops.
- Integration of existing geological data and field sampling data to establish a baseline AL/ML exploration model.
- Definition of exploration targets for field sampling and model validation.
About KorrAi Technologies
KorrAI is an industry pioneer in providing remote monitoring solutions aimed at reducing operational risk. By leveraging satellite and geological data along with advanced AI technology, KorrAI detects and analyzes features and changes in Earth systems. Their system employs a robust, quantitative approach to effectively reduce the risks associated with exploration projects.
References
1 Ssauce: 1978 Pan Ocean Oil Ltd. Evaluation Report (No. 81075)
About Greenridge Exploration Inc.
Green Ridge Exploration, Inc. (CSE: GXP | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration and development of significant mineral projects in North America. The Carpenter Lake Uranium Project is located in the Athabasca Basin and consists of seven mining areas covering 13,387 hectares in 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 Theron Basin, includes past drilling that has intersected up to nine feet of 0.69% U.3oh8 4.90% U included3oh8 Over a foot deep from 8 feet.1 Additionally, the Company’s Wayman Copper Project in southeastern British Columbia is located south of the well-known Quesnel Terrance.The Company is led by an experienced management team and board of directors with extensive expertise in financing and advancing mining projects.
On behalf of the Board of Directors
Russell Starr
Chief Executive Officer, Director
Phone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Disclaimer regarding 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 are “forward-looking statements.” These include, but are not limited to, statements regarding future estimates, plans, programs, projections, forecasts, objectives, assumptions, expectations or beliefs regarding future performance. These include statements regarding the Project Acquisition providing low-risk opportunities, building a strong battery metals portfolio with low-risk opportunities that will have a positive impact on the Company, the Company and its shareholders, and the Company delivering an initial work plan. Forward-looking statements in this news release include, but are not limited to, statements regarding the Project and its mineralization potential, the Company’s objectives, goals or future plans for the Project, statements regarding the program by KorrAI, the use of the program and the expected benefits of the Company’s collaboration with KorrAI, and the Company’s anticipated exploration program at the Project. These forward-looking statements reflect the expectations or beliefs of the Company’s management based on currently available information. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in documents filed by the Company with securities regulatory authorities, that could cause actual results 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 speak only as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
