PROJECT OVERVIEW
The Waterbury East Project is located in the northeastern Athabasca Basin, approximately 25 kilometres northeast of the Cigar Lake Mine. The project has undergone historical exploration and drilling and is retained as a secondary exploration asset within Bayridge Resources Corp.’s portfolio.
The project is underlain by approximately 200 metres of Athabasca Group sandstone overlying basement rocks of the Wollaston Domain and consists of a single mineral claim covering 1,337 hectares.
The Athabasca Basin is a well-established uranium district recognized for hosting high-grade uranium mineralization. Uranium mineralization in the basin is typically concentrated at the unconformity between basin sandstones and underlying basement rocks, a geological setting associated with multiple significant discoveries.
The region hosts several producing and past-producing uranium operations, including the McArthur River Mine, Key Lake Mine, and McClean Lake Mine.¹
HISTORIC FIELD WORK
Early exploration at Waterbury East included regional and project-scale airborne and ground geophysical surveys, followed by targeted prospecting and boulder sampling programs.
Property-wide airborne surveys conducted in the early 2000s (GEOTEM and VTEM) identified an approximately 7-kilometre northeast-trending conductivity corridor coincident with an AIIP anomaly.
Six historical drill holes tested this corridor, intersecting faulted and altered basement rocks with localized uranium enrichment. A comparable AIIP anomaly occurs immediately south of the project area on the Dawn Lake property, where historical drilling intersected uranium mineralization; however, mineralization on nearby properties is not necessarily indicative of mineralization on the Waterbury East Project.
The Waterbury East Project is retained as a secondary exploration asset within Bayridge Resources’ portfolio.
Qualified Person (QP): The technical content of this website has been reviewed and approved by Mark Richardson, P.Geo., Vice President of Exploration and a Qualified Person under National Instrument 43-101.
DRILLING
Two drill programs were conducted at Waterbury East during the winters of 2006 and 2007. Drill holes intersected members “C” and “B” of the Manitou Falls Formation, with the latter marked by the first appearance of conglomerate generally occurring 30 to 40 metres below surface.
Unconformity elevations encountered in drilling ranged between approximately 265.9 and 279 metres above sea level across the project area.
