An analysis conducted by Dr.
Key Findings:
- Helium Blooms: Two significant helium blooms were identified. He1 is located at the northwestern extent of the project, at the southern terminus of a previously identified target zone. He2 is situated on the northern shore of Close Lake. The presence of anomalous helium, a decay product of uranium, is directly correlated with uranium deposits.
- Hematite-Rich Anomaly: A 1000m northwest-trending anomaly, interpreted as hematite-rich, was discovered. Hematite is an alteration signature observed at the
Cigar Lake Mine and is found in sandstone above the unconformity, in fractures and breccias, and in basement rocks below the unconformity, closely associated with uraninite ores. - Illite Anomaly: A concurrent anomaly interpreted as illite was identified. Illite is a clay formed through intense hydrothermal alteration, which is the principal mechanism for uranium deposition in the basin.
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 bring positive benefits to these stakeholders.
Dr.
About
The
The
The
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,
“Peter Born”
President
Neither the
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.
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Close Lake Uranium Project
![](https://ml.globenewswire.com/media/d25cbbe3-cde3-4e2d-a3ff-e11de0e6d256/medium/close-lake-uranium-project.png)
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 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 .
Ubiquity Lake Project
![](https://ml.globenewswire.com/media/0d7531a8-ddf0-4ac0-9548-dacd7dc3d160/medium/ubiquity-lake-project.png)
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.
2024 GlobeNewswire, Inc., source