Bedford Metals Announces Planning FOR Upcoming Exploration ON Margurete GOLD Project
BEDFORD METALS CORP.
NEWS RELEASE
BEDFORD METALS ANNOUNCES PLANNING FOR UPCOMING
EXPLORATION ON MARGURETE GOLD PROJECT
August 24, 2023– Bedford Metals Inc. (TSX-V: BFM) (the “Company” or “Bedford”) is excited to announce
the commencement of the planning stages for its upcoming work program on the Margurete Gold Project.
The project is strategically located within the Phillips Arm gold camp in southwest British Columbia.
This work program aims to build upon the Company's past successes in mineral discovery at the Margurete
site, including findings of up to 6.18 grams per tonne (g/t) gold at surface. These results have fueled
optimism for the project's potential to host significant gold mineralization.
"The Margurete Gold Project has shown promising indicators from our previous exploratory work," said
Peter Born, Director of Bedford. "The new work program aims to capitalize on this by conducting
comprehensive geological studies to assess the resource potential more fully."
Upcoming Work Program Objectives and Tenders
As part of the next stage in the project's evolution, the Company will outline its specific objectives for the
work program, which will include detailed geological mapping, trenching, and drilling campaigns. Once
these objectives are finalized, the Company will put out tenders to secure contractors specialized in
mineral exploration and development to complete the work.
"We encourage qualified contractors to participate in the tender process, as we're committed to
performing the work to the highest industry standards," added Peter Born.
Updates on Planning and Timing
The Company will provide regular updates on the planning stages and timelines for the work program as
they advance. Stakeholders and interested parties can expect to be kept informed of any significant
milestones, findings, or modifications to the work program.
About Bedford Metals Inc.
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 exceptional shareholder
value through the entire life-cycle of mining.
Margurete Gold Project. Bedford owns a one-hundred percent interest in the Margurete Gold Project.
The primary target at the Margurete Gold Project is the FB Zone, where Falconbridge encountered gold-
bearing mineralization at shallow depths. An initial exploration program was completed on the Margurete
property in 1986 by Falconbridge. This program consisted of geochemical surveys, ground-based
geophysics, and a diamond drilling program, which was successful in identifying gold-bearing veins, which
are believed to be genetically related to the same mineralizing events responsible for the nearby Doratha
Morton and Alexandria Gold mines.
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, contact the Company at [email protected] or 604-622-1199 or visit
the Company’s website at www.bedfordmetalscorp.com.
On behalf of the Board,
Bedford Metals Corp.
“Peter Born”
Director
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.