2024 Work Program
The Company will be conducting a program of total metal ion soil survey and geological mapping on the Project. The 2024 soil survey grids will be designed to fill in the unexplored area between the two 2021 Monumental Gold soil grids and to extend the area of known soil-metal concentrations to the boundaries of the Project. At present, no property-scale geological mapping has been conducted on the Project. The focus of the Program includes:
Investigation of areas of known soil-metal copper, molybdenum, silver, and gold anomalies to help identify areas appropriate for subsequent exploration programs such as trenching or drilling. Identification and mapping of structures and alteration related to the Weyman thrust.
The results of the 2020 airborne magnetic survey were a record of magnetic properties of the rock and regolith surveyed across the Property. The magnetic qualities of that material do not necessarily relate to the localization of economic quantities of mineralization. The risk is that despite good looking targets having been generated by the 2020 airborne magnetic survey, it is possible that those targets may not be indicative of economic quantities of mineralization.
Total metal ion soil surveys are more direct investigations into the possibility of the presence of economic mineralization than geophysical surveys; however, they are remote in that physical samples of the regolith overlying rock potentially hosting economic mineralization are being taken and analysed.
The most important factor related to the success of a total metal ion soil survey is that the soil being sampled is relatively thin and is the result of the weathering and breakdown of the underlying rock so that the elemental concentrations in the soil relate to those in the underlying rock. Soils developed atop thick exotic material forming such surficial features as thick glacial tills, mass debris flows, and glacial drumlin fields can return total-metal, soil-sample results that are almost meaningless.
Information about the
The Weyman property is located in the southern Quesnel geological terrain. It hosts the southern margin of the Wild Horse batholith, a calcalkalic intrusion in the eastern belt of that terrane. Belts within the Quesnel terrain host intrusive centres spaced roughly 10 to 11 kilometers (6.1 to 6.7 mi) apart. Hydrothermal systems and porphyry copper-molybdenum deposits tend to be clustered around those intrusive centres; thus, the most prospective parts of the Quesnel terrane are near the intrusive centres. Accordingly, the
Since 2014, exploration in the
National Instrument 43-101 Disclosure
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Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: the Project and its mineralization potential; the Company’s objectives, goals, or future plans with respect to the Project; the commencement of the Program in the future; the anticipated results of the Program; further exploration work on the Property in the future. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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