Greenridge Exploration Inc. has announced it has entered into a partnership agreement dated with KorrAI Technologies Inc. to implement its hyper-spectral imaging technology on the Company’s Nut Lake Uranium Project in Nunavut, Canada.
KorrAI will apply its proprietary technology on the Project to identify areas of interest for ground exploration for Greenridge’s 2024 exploration programme. The technology will hopefully allow the Company to be more efficient in the potential discovery of mineralised outcrops by leveraging revolutionary systems across the entire Project. Pursuant to the KorrAI Agreement, KorrAI shall provide technology solutions to Greenridge using geospatial imagery, modelling, and survey and sensor data relevant to the natural resources sector under individual statement of works. Either KorrAI or Greenridge may terminate the KorrAI Agreement by providing written notice at any time following completion of the Services under each existing Statement of Work.
Historical drilling on the Project intersected up to 9 ft of 0.69% U3O8 including 4.90% U3O8 over 1 ft from 8 ft depth and high-grade samples of up to 4.36% U3O8, 53.16 oz/t Ag, 1.15% Pb and 7.0% Ni.
Russell Starr, Chief Executive Officer of Greenridge, commented, “We are thrilled to be collaborating with KorrAI and using their Technology to aid us in identifying mineralised outcrops across the Nut Lake Uranium Project. KorrAI’s Technology will not only provide us with exceptional data but also hopefully boost the efficiency and accuracy of our planned exploration programme and allow us to use this technology for future projects.”
KorrAI is an advanced earth observation technology company and is using advanced satellite imagery, integrated artificial intelligence, and machine learning to identify undiscovered mineralised outcrops. KorrAI’s proprietary technologies and processes fuse a variety of datasets and integrate known mineralised analogues and other internal company data to identify priority areas of interest. The exploration tool is a cost-effective and systematic approach to identifying targets for prospecting follow-up over highly prospective trends and areas of interest.
Rob McEwan, President of KorrAI, commented, “We are extremely excited to be working with Greenridge, particularly due to the exceptional promise of their property, the Nut Lake Uranium Project. We look forward to using our cutting-edge technology to provide Greenridge with the highly reliable data to run a more streamlined exploration program at their Project.”