Bedford Metals Completes Satellite Survey at Ubiquity Lake Uranium Project
01 July 2024 - 4:00PM
Bedford Metals Completes Satellite Survey at Ubiquity Lake Uranium
Project
Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) is
pleased to announce the successful completion and assessment of its
VNIR (Visible Near Field Infrared) and SWIR (Shortwave Infrared)
satellite investigation at the Ubiquity Lake Uranium Project, just
south of the Athabasca Basin, Saskatchewan.
The statistical analysis, conducted by Dr. Neil
Pendock, PhD in Applied Mathematics, identified several key
indicators for uranium mineralization. The investigation revealed
anomalous helium emissions and methane, the latter of which is
interpreted as altered clays, particularly illite.
At Ubiquity Lake, the principal target zone
(TZ1) is a 3.6km northwest-trending fault, striking at an angle
roughly 90 degrees to the Cable Shear fault. The satellite survey
identified a large but well-defined methane gas anomaly that
correlated strongly with the footprint of TZ1. Methane gas is a
marker for illite, which forms through hydrothermal alteration –
the primary mechanism responsible for uranium deposition in the
Athabasca Basin region.
Additionally, the survey revealed multiple
highly anomalous helium blooms over TZ1 and other prospective
areas, with the greatest intensities near radioactive boulder
fields. These boulder fields have been identified and confirmed
through multiple prospecting surveys. Like radon gas, helium is a
first-order decay product of uranium, and its presence strongly
correlates with uranium deposits.
Peter Born, President of Bedford, commented, “I
am greatly encouraged by the results of our satellite survey at
Ubiquity Lake. The identification of these key uranium markers
provides us with further confidence in our ability to make a
discovery at Ubiquity Lake. These findings will guide our future
exploration efforts and help us focus on the most promising
targets.”
Bedford remains committed to conducting all
exploration activities to the highest environmental standards. The
Company is dedicated to minimizing its environmental footprint and
ensuring that all operations are sustainable and responsible.
Additionally, Bedford values its relationships with local
communities and indigenous groups and is committed to working
collaboratively to ensure that its activities benefit these
stakeholders.
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 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. 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
For E.S.T Office Hours, Call 1 416-477-0587
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