Northwire Canada EditionFriday, July 31, 2026
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NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0% NMI 0.195 +0.0% TKO 9.87 +4.4% ELD 45.89 +2.2% DG 0.045 +12.5% TNGD 6.33 +3.4% DPM 52.30 +6.1% EPL 0.180 +2.9% NTH 0.160 +3.2% GGM 0.035 +0.0% ITR 3.01 +4.9% CS 13.25 +3.5% EMO 0.325 +1.6% CAN 0.050 −9.1% MOON 7.40 +3.4% FG 0.035 +0.0% SBMI 0.125 +0.0%
Drill Results

Greenridge begins 2026 winter drilling at Hook-Carter

By The Northwire Desk — AI Analysis Feb 18, 2026 · 19:21 GXP · 0.52 Greenridge Exploration Inc
GXP · Price

Executive Summary

  • Greenridge Exploration Inc. has commenced its 2026 winter drilling program at the Hook-Carter uranium project in the Athabasca Basin, Saskatchewan, in partnership with operator Denison Mines Corp.
  • The program involves drilling up to eight diamond drill holes totaling approximately 4,600 metres, targeting the underexplored Derkson trend based on 2025 geophysical surveys.
  • Greenridge assumed ALX Resources' 20% interest and financing obligations in the Hook-Carter joint venture following its acquisition of ALX in December 2024.

Key Details

  • Drilling Plan: Up to eight diamond drill holes totaling approximately 4,600 metres.
  • Target Area: The Derkson trend, a northeast-southwest-trending conductive corridor east of the Patterson Lake Corridor (PLC).
  • Historical Context: Historical drill hole DER-04 (collared in 1978, ~4.25 km south of current project boundaries) intersected 0.24% triuranium octoxide over 2.5 metres from 120.5 to 122.5 metres.
  • Timeline: Program expected to be completed by the end of March 2026.
  • Joint Venture Structure: Greenridge owns 20% of Hook-Carter; Denison Mines owns 80% and acts as operator.
  • Financing Obligation: Under the May 2024 JV amendment, Greenridge (having assumed ALX's position) has until November 2026 to finance $3.0 million of exploration to increase its ownership from 20% to 25%.
  • Project Location: Hook-Carter consists of 11 claims covering 25,115 hectares, located ~147 km northeast of La Loche, Sask.
  • Strategic Positioning: The project is interpreted to host the northeastern strike extension of the PLC (hosting NexGen's Arrow and Paladin's Triple R deposits) and the Carter and Derkson corridors.
  • Historical Expenditures: Denison spent approximately $7.08 million on Hook-Carter from 2016 to 2023, including nearly 12,000 metres of drilling.

Notable Quotes

  • "The 2026 drilling program at Hook-Carter represents the culmination of years of exploration efforts leading to the target areas developed by the joint venture's work in 2025. The company is pleased to be working with Denison on one of the most exciting uranium trends in the history of Athabasca basin exploration." — Russell Starr, CEO of Greenridge
Read the original news release →

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