Bayridge Resources Commences Advanced Geophysical Re-Interpretation at the Baker Lake Uranium Project

Executive Summary

• Bayridge Resources has initiated an advanced geophysical data processing and interpretation program at its Baker Lake Basin Uranium Project to refine multiple historic uranium targets.
• Approximately CAD 7 million of historical exploration spend has been invested, with 30 high‑priority uranium targets identified across ~70 km of unconformity strike length.
• The company appointed Kasey Stone as Community Relations Advisor to support Indigenous and local stakeholder engagement for the project.

Key Details

• Program Scope: Re‑interpretation of 7,851 line‑kilometre of 2008 Fugro airborne TEMPEST EM, magnetic, and radiometric data using modern techniques (3‑D magnetic vector inversion, Tau‑based EM analysis, etc.).
• Target Inventory: ~30 high‑priority uranium targets derived from historic airborne surveys; multiple drill‑ready targets defined.
• Historical Investment: CAD 7 million spent to date on exploration at Baker Lake Basin.
• Geophysical Coverage: Approximately 70 km of unconformity strike length identified across the property.
• Technical Partner: Platform Geoscience Ltd. conducting the advanced processing and interpretation work.
• Purpose: Refine target geometry, depth extent, and drill orientation to prioritize targets for upcoming field programs and drilling campaigns.
• Personnel Appointment: Kasey Stone named Community Relations Advisor; background includes geology, education, and extensive experience with Indigenous communities in Nunavut.
• Executive Quote: Saf Dhillon (President & CEO) emphasized the dual focus on technical advancement and community engagement.
• Qualified Person: Mark Richardson, P.Geo., VP of Exploration (NI 43‑101 Qualified Person), approved the technical content.

Notable Quotes

“The Baker Basin hosts a large number of uranium‑enhanced targets defined from historical airborne surveys… This program is designed to bring those targets into sharper focus by applying modern magnetic and electromagnetic interpretation workflows, improving confidence in target geometry, depth extent, and drill orientation.” – Mark Richardson, P.Geo., Vice President of Exploration

“This program reinforces the technical foundation of the Baker Lake Uranium Project while supporting meaningful community engagement,” said Saf Dhillon, President and CEO.