Bedford Metals Provides Corporate Update on Uranium Exploration Progress
06 September 2024 - 3:00PM
UK Regulatory
Bedford Metals Provides Corporate Update on Uranium Exploration
Progress
VANCOUVER, British
Columbia, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp.
(TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or
“Bedford”) wishes to provide a corporate update.
Bedford continues to focus on advancing its uranium
exploration projects in the Athabasca region of northern
Saskatchewan, Canada and has made meaningful progress with its
exploration initiatives.
As reported in
previous news releases, the Company has been actively advancing its
exploration projects, particularly the Ubiquity Lake Uranium
Project. Bedford is pleased with the initial results from its most
recent exploration program, where the field team identified several
promising targets. The Company is awaiting assay results from the
samples collected during this program, which will provide further
insight into the project's potential.
In anticipation of
favorable assay results, Bedford has already started planning its
next exploration program at Ubiquity Lake. This upcoming program
will be more clearly defined once the assay data is received,
allowing the company to refine its focus and exploration
strategies.
Peter Born, President
of Bedford, commented, “We are very pleased with the results we’ve
seen so far from our exploration program at Ubiquity Lake. The
project continues to show great potential, and we are excited to
further advance our uranium projects. We remain committed to
maximizing the value of these projects for our shareholders.”
Bedford remains
focused on advancing its high-quality uranium projects in the
Athabasca Basin and continues to explore and develop these assets
to contribute to the growing global demand for uranium as a clean
energy source.
Bedford conducts all
exploration activities with a focus on environmental stewardship
and in close collaboration with local communities and stakeholders.
The Company’s goal is to develop our projects responsibly and
sustainably, ensuring that our operations benefit the regions in
which we operate.
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 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 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.
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 Sheppard Lake Uranium
Project covers an area of approximately 2250 hectares and
adjoins the Ubiquity Lake Project to the southeast. The project
area is characterized by rocks of the Mudjatik domain, where
uranium mineralization is typically basement-hosted, situated
within shears or faults, and formed through hydrothermal
redistributions of dissolved metals and subsequent redox
reactions.
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
Photos accompanying this announcement are available at
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https://www.globenewswire.com/NewsRoom/AttachmentNg/c105df67-cb3d-4f26-863c-5fb38e6da9f0
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