Bedford Metals Expands Satellite Survey to Include Close Lake Uranium Project
June 24 2024 - 2:00AM
Bedford Metals Expands Satellite Survey to Include Close Lake
Uranium Project
Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) is
pleased to announce that, following the positive initial results
from its satellite survey on its Ubiquity Lake Uranium Project, the
Company has decided to expand the scope of the survey to include
its recently optioned Close Lake Uranium Project in the Athabasca
Basin, Saskatchewan. The expanded survey will be conducted by
CanExplor Management Ltd., leveraging advanced technology to
analyze helium emission data which directly correlates with uranium
decay.
The initial survey over the Ubiquity Lake
Uranium Project is expected to provide significant insights into
subsurface geology and uranium mineralization, enhancing Bedford’s
understanding of the area. The interpretation of these results is
underway, and the Company will release them once received. The
decision to include the Close Lake Uranium Project in this survey
is driven by compelling initial findings.
Peter Born, President of Bedford, stated, “The
early results from our Ubiquity Lake survey have been highly
encouraging, and expanding the survey to include Close Lake is a
natural progression. This expanded survey will provide us with a
more comprehensive understanding of the geological potential of
both projects. By integrating these datasets, we can refine our
exploration strategies and focus on the most promising
targets.”
The Close Lake Uranium Project covers an area of
approximately 2250 hectares, adjacent to Bedford’s Ubiquity Lake
claims. The expanded survey will now encompass a total of over 3600
hectares of prospective ground, utilizing state-of-the-art VNIR
(Visible Near Field Infrared) and SWIR (Shortwave Infrared)
technology to detect helium emissions and other key indicators of
uranium deposits.
Bedford remains committed to environmental
stewardship and responsible resource development. The Company is
dedicated to conducting all exploration activities to the highest
environmental standards and continues to work closely with local
communities and indigenous groups to ensure respectful and
transparent engagement.
Dr. Peter Born, P.Geo., is the designated
qualified person as defined by National Instrument 43-101 and the
president of the Company and is responsible for and has approved
the technical information contained in this release.
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.
The 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.
The 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 project spans 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. Access to the
property is done through a network of roads and trails.
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
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