Bedford Metals Announces Multi-Phase Work Program FOR Ubiquity Lake Uranium Project
NEWS RELEASE
BEDFORD METALS ANNOUNCES MULTI-PHASE WORK PROGRAM FOR UBIQUITY LAKE
URANIUM PROJECT
May 28 TH, 2024—Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) is pleased to
announce its proposed multi-phase work program for its Ubiquity Lake Uranium Project, situated on the
lip of the Athabasca Basin in northern Saskatchewan.
Phase 1 of the program calls for an airborne VTEM (Time Domain Electromagnetic) survey of the project,
aimed at further identifying subsurface features such as faults and folds, which may be controls of historic
radioactive anomalies. Concurrently, an airborne radiometric survey will be conducted to provide
additional insights into the project's geology.
In Phase 2, a comprehensive ground program will be implemented, consisting of field mapping and soil
sampling, as well as a systematic ground radiometric survey to identify both new and historic anomalies.
Shaw drills will be utilized in this phase. Additionally, selected features identified through prospecting and
interpretation of airborne survey data will undergo further examination with a ground IP (Induced
Polarization) survey to refine targets for diamond drilling.
Peter Born, President of Bedford commented "We appreciate the effort by the team in designing this
comprehensive exploration program for our Ubiquity Lake Uranium Project. We are excited about the
potential of this project and look forward to advancing it through the proposed work program."
Bedford remains committed to conducting all exploration work to the highest environmental standards
and in collaboration with local communities and indigenous nations. Environmental stewardship is a core
value of the company, and it will continue to prioritize responsible resource development.
As the exploration program progresses, Bedford will keep stakeholders informed with regular updates on
its website and through other communication channels.
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, allowing Bedford to achieve significant shareholder
value through the entire mining life cycle.
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 very good, through a network of roads and trails.
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.
Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101 and is
responsible for, and has approved, the technical information contained in this release.
For further information, 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 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.
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