Bedford Announces CompleƟon of Spring 2026 Drill Program at Sheppard Lake Uranium Project
Bedford Announces CompleƟon of Spring 2026 Drill Program at Sheppard Lake Uranium Project
June 1st, 2026—Bedford Metals Corp. (TSX-V: BFM, FWB: 08D, ISIN: CA0762301012) (the “Company” or
“Bedford”) is pleased to announce the successful completion of its Spring 2026 diamond drilling program
at its wholly owned Sheppard Lake Uranium Project located in the Athabasca Basin region of northern
Saskatchewan.
The Spring 2026 program comprised four NQ diamond drill holes totaling 1,135.7 metres. Of the four holes
completed, two holes tested the TZ1 target area and two holes tested the TZ2 target area. All drill holes
were surveyed using a Scout Pro downhole gamma probe, providing continuous radiometric data
throughout each hole.
A total of 218 drill core samples were examined using a Radiation Solutions RS-125 Super-SPEC handheld
gamma-ray spectrometer and subsequently submitted to Saskatchewan Research Council (SRC)
Geoanalytical Laboratories, an ISO/IEC 17025:2017 accredited laboratory specializing in uranium
geochemistry and assays. Analytical results are expected in the near term.
The drilling program successfully tested priority structural and alteration targets identified through
previous exploration programs. Geological logging confirmed the presence of multiple favourable
lithologies and alteration systems commonly associated with Athabasca Basin uranium mineralization,
including graphitic paragneiss, brittle and ductile shear structures, clay alteration, hematite-albite
alteration, and sulphide mineralization.
Notably, drill hole SHP-26-05 intersected a pegmatite-hosted interval that returned elevated
spectrometer readings, including a peak uranium value of 121.1 ppm uranium and a U/Th ratio of 2.52.
Additional anomalous uranium readings were recorded in hole SHP-26-06, where elevated radiometric
responses were associated with extensive alteration and sulphide mineralization. These intervals have
been submitted for laboratory analysis and will be evaluated alongside the complete assay dataset.
The program also identified several structurally controlled alteration zones characterized by albite,
chlorite, illite, kaolinite, and hematite assemblages, as well as significant pyrite-bearing corridors that
warrant further investigation. Average core recovery across the program was 98.7%, providing excellent
geological and structural information for ongoing interpretation.
“We are very pleased with the successful completion of our Spring drilling campaign at Sheppard Lake,”
stated Peter Born, President of Bedford Metals . “The program has provided valuable geological,
structural and radiometric data that continue to enhance our understanding of the mineralizing system
at Sheppard Lake. Encouraging uranium spectrometer readings, favourable alteration assemblages, and
the identification of multiple prospective structural corridors support our belief that the project hosts
significant exploration potential. We look forward to receiving assay results and incorporating these
findings into the next phase of exploration.”
All drill core was systematically logged, photographed, sampled, and subjected to comprehensive quality
assurance and quality control procedures. Standards, blanks and duplicate samples were inserted into the
sample stream at regular intervals. Samples were securely transported and hand-delivered to SRC
Geoanalytical Laboratories in Saskatoon, Saskatchewan.
The Company will provide further updates upon receipt and interpretation of analytical results.
Francis R. Newton, PGeo, (OGQ No. 2129), a consultant to Bedford and a qualified person under National
Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed the technical contents of
this news release and has approved the disclosure of the technical information contained herein.
For further informaƟon, please contact the Company at [email protected] 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 RegulaƟon 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 contain certain “Forward-Looking Statements” within the meaning of the United
States Private SecuriƟes LiƟgaƟon Reform Act of 1995 and applicable Canadian securiƟes laws. When or
if used in this news release, the words “anƟcipate”, “believe”, “esƟmate”, “expect”, “target, “plan”,
“forecast”, “may”, “schedule” and similar words or expressions idenƟfy forward-looking statements or
informaƟon including, but not limited to, the Company’s interpretaƟons of exploraƟon and drilling
results; and results from the Company’s drilling program. Such statements represent the Company’s
current views with respect to future events and are necessarily based upon a number of assumpƟons and
esƟmates that, while considered reasonable by the Company, are inherently subject to significant
business, economic, compeƟƟve, poliƟcal and social risks, conƟngencies and uncertainƟes. Many factors,
both known and unknown, could cause results, performance, or achievements to be materially different
from the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligaƟon, to update these
forward-looking statements or informaƟon to reflect changes in assumpƟons or changes in
circumstances or any other events affecƟng such statements and informaƟon other than as required by
applicable laws, rules and regulaƟons.