Bedford Metals Announces Results from Ubiquity Lake Exploration Program
NEWS RELEASE
BEDFORD METALS ANNOUNCES RESULTS FROM UBIQUITY LAKE EXPLORATION PROGRAM
October 9th, 2024—Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company”
or “Bedford) is pleased to announce the results of its recent prospecting program at the Ubiquity Lake
Uranium Project, located on the southern lip of the Athabasca Basin, Saskatchewan. A total of 60 samples
were collected and analyzed as part of this program. The samples were analyzed by SRC Geoanalytical
Laboratories, an arms-length accredited laboratory located in Saskatoon, Saskatchewan and specializing
in uranium detection, using Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analysis.
The results from this exploration program were highly encouraging, with sample assays ranging from 0 to
462ppm U₃O₈. Nine samples were collected from Target Zone 1 (TZ-1), which is located at the dislocation
of the southern extent of a 4.6km northwest-trending EM anomaly identified in a 2007 Geotem survey.
The highest assays at TZ-1 were 462, 305, and 191 ppm U₃O₈, collected from outcrop. TZ-1 is also
concurrent with notable methane and helium anomalies identified through a VNIR (Visible Near Field
Infrared) and SWIR (Shortwave Infrared) satellite investigation conducted by Dr. Neil Pendock PhD in
Applied Mathematics.
Additionally, several radioactive samples were taken at the newly discovered Warr Lake Radioactive Zone,
located adjacent to a large north-south trending fault on the west shore of Warr Lake. The highest assay
results from Warr Lake were 200 and 76 ppm U₃O₈.
Peter Born, President of Bedford, commented, “We are very happy with the results from our exploration
program at Ubiquity Lake. The confirmation of historical results at TZ-1 and the discovery of a new target
at Warr Lake are exciting developments for the project. I would like to thank our exploration team for
their hard work, and we look forward to designing our next exploration program, which we plan to initiate
soon.”
The Company is very pleased with the outcome of this program, which not only confirmed historic results
at TZ-1 but also identified a new target zone—the Warr Lake Radioactive Zone—offering further potential
for uranium discovery.
Bedford remains committed to conducting all exploration activities in an environmentally responsible
manner and in collaboration with local stakeholders. The Company ensures that all operations are
sustainable, minimizing environmental impact while promoting positive engagement with local
communities.
Qualified Person
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
contained 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 [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
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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.