Bedford Metals Announces Multi-Phase Work Program for Ubiquity Lake Uranium Project
May 28 2024 - 2:00AM
Bedford Metals Announces Multi-Phase Work Program for Ubiquity Lake
Uranium Project
Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) is
pleased to announce its proposed multi-phase work program for its
Ubiquity Lake Uranium Project, situated on the lip of the Athabasca
Basin in northern Saskatchewan.
Phase 1 of the program calls
for an airborne VTEM (Time Domain Electromagnetic) survey of the
project, aimed at further identifying subsurface features such as
faults and folds, which may be controls of historic radioactive
anomalies. Concurrently, an airborne radiometric survey will be
conducted to provide additional insights into the project's
geology.
Phase 2 will implement a
comprehensive ground program that includes field mapping, soil
sampling, and a systematic ground radiometric survey to identify
new and historic anomalies. Shaw drills will be utilized in this
phase. Additionally, selected features identified through
prospecting and interpretation of airborne survey data will undergo
further examination with a ground IP (Induced Polarization) survey
to refine targets for diamond drilling.
Peter Born, President of Bedford commented “We
appreciate the effort by the team in designing this comprehensive
exploration program for our Ubiquity Lake Uranium Project. We are
excited about the potential of this project and look forward to
advancing it through the proposed work program.”
Bedford remains committed to conducting all
exploration work to the highest environmental standards and in
collaboration with local communities and indigenous nations.
Environmental stewardship is a core value of the company, and it
will continue to prioritize responsible resource development.
As the exploration program progresses, Bedford
will keep stakeholders informed with regular updates on its website
and through other communication channels.
About Bedford Metals
Corp.Bedford Metals Corp. is a
mineral exploration company. We create value for our shareholders
by identifying and developing highly prospective mineral
exploration opportunities. Our strategy is to advance our projects
from discovery to production, allowing Bedford to achieve
significant shareholder value through the entire mining life
cycle.
Close Lake Uranium Project lies
on the eastern side of the Athabasca Basin, adjoining claims held
by Cameco Corporation, the largest uranium producer in the world.
The claim is approximately 245 hectares and lies within the primary
exploration corridor, which hosts the Keys Lake mine, the Cigar
Lake Mine and the McArthur River Mine. The property can be accessed
through a network of roads and trails.
Ubiquity Lake Uranium Project,
covering 1382 hectares, lies just south of the bottom lip of the
Athabasca Basin, adjacent to ALX Uranium’s Carpenter Lake Project
to the east. Situated near the Cable Bay Shear Zone, parallel to
the Virgin River Shear Zone, which hosts Cameco’s Centennial
uranium deposit, the project holds immense potential. Furthermore,
it is located 100 km west of Cameco’s past-producing Key Lake
uranium mine, underscoring the strategic significance of its
location.
Dr. Peter Born, PGeo, is the designated
qualified person as defined by National Instrument 43-101 and is
responsible for, and has approved, the technical information
contained in this release.
For further information, please contact the
Company at info@bedfordmetals.com or 604-622-1199 or visit the
Company’s website at www.bedfordmetals.com.
On behalf of the Board,
Bedford Metals Corp.
“Peter Born”President
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. There can be
no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of
such uncertainties. We do not assume any obligation to update any
forward-looking statements except as required under the applicable
laws.
CONTACT:
MRKT360 INC
https://mrkt360.com
Alex Zertuche
alexz@mrkt360.com
For E.S.T Office Hours, Call 1 416-477-0587
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