SHARPE LAKE PROJECT
LITHIUM EXPLORATION IN ONTARIO
The property is located approximately 96 km east of Ear Falls, Ontario. The nearest settlement is the community of Ear Falls with a current approximate population of 1,000 inhabitants. The property lies within the Otatakan Lake Area township of the Red Lake Mining District of Ontario. The overall Property covers an area of approximately 4,413 hectares.
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Information on the following slides regarding the Sharpe Lake property is taken from the NI 43-101 Independent Technical Report on the Sharpe Lake Property dated September 23, 2023, prepared by Brian H. Newton, P. Geo, available on the Company’s SEDAR+ profile at www.sedarplus.ca.
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Bayridge cautions investors it has yet to verify this historical exploration data.
QUALIFIED PERSON (QP): The technical content of the webite has been reviewed and approved by R. Tim Henneberry, P.Geo (BC), an advisor to the Company and a Qualified Person under National Instrument 43-101.
GEOLOGY
The Sharpe Lake Property is hosted within the English River sub province of the Superior Province of Canada which spans the provinces of Manitoba, Quebec and Ontario and is the earth’s largest Archean craton that accounts for roughly a quarter of the planet’s exposed Archean crust and consists of linear, fault bounded sub provinces that are characterized by volcanic, sedimentary, and plutonic rocks *.
Government OGS geological maps show that the Property is hosted by a muscovite-bearing granite named the Sharpe Lake batholith. This intrusive body is a peraluminous S-type muscovite bearing pegmatitic granite in contact with metasediments.
The metasediments are described as unsubdivided migmatized clastic metasedimentary rocks *. The Property lies 7 km south of the Uchi-English River sub province boundary.
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Source: * F.W. Breaks, J.B. Selway and A.G. Tindle (2003). Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure hunt; Ontario Geological Survey, Open File Report 6099,179p
Bayridge cautions investors it has yet to verify this historical exploration data.
NOTE: Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Sharpe Lake Property.
QUALIFIED PERSON (QP): The technical content of the website has been reviewed and approved by R. Tim Henneberry, P.Geo (BC), an advisor to the Company and a Qualified Person under National Instrument 43-101.
HISTORIC DATA
There are indications that the pegmatites noted on the Property contain anomalous rare-element values. According to Breaks et al. (2003), beryllium, cesium, lithium, niobium, rubidium, and tantalum are excellent fractionate indicators in pegmatites as these rare elements are incompatible with rock-forming minerals and will wait to the last possible moment to crystalize. Average crustal levels for the above are Be (3 ppm), Cs (4 ppm), Li (20 ppm), Nb (25 ppm), Rb (112 ppm) and Ta (2 ppm).
Sample C271666 had a Be value of 8 ppm. Sample C271672 reported 44 ppm Li. Sample C271673 reported 9.5 and 242 ppm of Cs and Rb respectively. Sample C271677 reported 11.1 and 230 ppm of Cs and Rb respectively. These samples are anomalous in rare-elements and above average crustal background levels and may represent fractionation of the Sharpe Lake batholith.
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Phase 1 Exploration Plans for Sharpe Lake Lithium Project
Sources: 1. Technical Report on the Sharp Lake Property for Bayridge Resources Corp., by B.H.Newton and dated 2023-September-23. – 2. F.W.Breaks, J.B.Selway and A.G.Tindle (2003). Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure hunt; Ontario Geological Survey, Open File Report 6099, 179p.
Bayridge cautions investors it has yet to verify this historical exploration data.
QUALIFIED PERSON (QP): The technical content of the website has been reviewed and approved by R. Tim Henneberry, P.Geo (BC), an advisor to the Company and a Qualified Person under National Instrument 43-101.
SASKATCHEWAN URANIUM
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