Bayridge Resources Corp. announced the completion of the helicopter supported airborne VTEM surveys on its 1,337 ha Waterbury East and on its 11,142 ha Constellation uranium projects in Canada's Athabasca Basin region. Geotech Ltd. completed 133 line-km along 100 m spaced lines at Waterbury East and a further 638 line- km along 200 m spaced lines at Constellation.

The Company expects to receive preliminary data sets shortly and will forward them to in3D Geoscience Inc. for interpretation. The Waterbury East project is underlain by geology favourable to hosting both unconformity-hosted and basement-hosted uranium deposits. These deposits are typically associated with graphitic meta sediments and structural zones that exhibit strong EM conductor responses.

Historical airborne EM surveys have defined an ENE-striking conductor across the property, with a depth to unconformity of ~200m. Most of the uranium discoveries in the Athabasca Basin are concentrated along the unconformity edge, where the sedimentary cover is the thinnest (<300m). In 2006, CanAlaska reported encouraging results from an initial drill program, with an intersection of 17.0 m of anomalous basement-hosted uranium mineralization, containing a highight value of 324 ppm U over 0.6 m in a structurally controlled zone.

Interpreted geophysical magnetic lineaments suggest additional structures occur in the basement. The 2024 VTEM survey on Waterbury East is designed to better delineate the historically-defined ENE-trending conductor across the property in higher spatial resolution. The results from the VTEM survey will assist in defining exploration targets for 2024 Second Quarter drilling.

The Constellation property has favourable geology for basement-hosted unconformity-style uranium deposits. The regional geology and magnetics have defined structural lineaments trending NNW and ESE, which could represent structural conduits between the Archean granite inlier and graphitic metasediments that have been mapped on the property. These types of structural zones typically act as pathways for hydrothermal activity.

Historical NE-trending conductors have also been outlined on the property, but are under-explored and un-drilled. Strong EM conductors are proven targets associated with unconformity and basement-hosted uranium mineralization in and around the Athabasca Basin. The 2024 VTEM survey on the Constellation Property will assist in delineating the location and trend of graphitic and/or hydrothermally altered zones.

The results from the VTEM survey will define future exploration targets such as: Discrete conductive anomalies that could represent fault-controlled graphitic zones; and Fault zones and/or other structures that could control the pathways for uranium mineralization. Bayridge is earning up to an 80% interest in Waterbury East through a series of cash payments, share issuances and exploration expenditures over the next 4 years. Waterbury East is located 25 km northeast of the Cigar Lake Mine, 15 km south of Points North and is accessible from the Cigar Lake winter road.

Bayridge is earning up to an 80% interest in Constellation through a series of cash payments, share issuances and exploration expenditures over the next 4 years.