Bayridge Resources Corp. announced the filing of a Level 1 Exploration Permit for its 11,142 ha Constellation uranium project in Canada's Athabasca Basin region. This permit will allow the Company to complete a series of ground surveys to both evaluate the property and ground truth anomalies anticipated to be identified by the recently completed Geotech airborne VTEM survey.

The Constellation property has favourable geology for basement-hosted unconformity-style uranium deposits. The regional geology and magnetics have defined structural lineaments trending NNW and ESE, which could represent structural conduits between the Archean granite inlier and graphitic metasediments that have been mapped on the property. These types of structural zones typically act as pathways for hydrothermal activity.

Historical NE-trending conductors have also been outlined on the property, but are under-explored and un-drilled. Strong EM conductors are proven targets associated with unconformity and basement-hosted uranium mineralization in and around the Athabasca Basin. Bayridge is earning up to an 80% interest in Constellation through a series of cash payments, share issuances and exploration expenditures over the next 4 years.

Constellation is located 60 km southwest of the Key Lake Mine, and is accessible via helicopter or float plane, with potential winter road access from Highway 914.