11:49 AM EDT, 08/11/2025 (MT Newswires) -- Greenridge Exploration ( GXPLF ) on Monday said it is planning a diamond-drilling program at its Carpenter Lake project, located on the southern margin of the Athabasca Basin in northern Saskatchewan.

The company said it can earn a 100% interest in the property by fulfilling a schedule of cash payments, share issuances and exploration expenditures. Multiple high-priority target areas have been identified for Phase I drill testing through reinterpretation and modeling of historical geophysical datasets and integration with its 2024 surface exploration.

It said 1,500 meters of helicopter-supported diamond drilling is planned in up to eight holes. Mobilization is expected to begin in mid-to-late August and its inaugural drilling program at the property is estimated to be completed in about four weeks.

Shares of the company were last seen down 0.025 to $0.39 on the Canadian Securities Exchange.

Price: 0.39, Change: -0.02, Percent Change: -4.88