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Bedford Metals Identifies Multiple Radioactive Zones at Ubiquity Lake Uranium Project
VANCOUVER, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is p
About this update from Bedford Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce the completion of its Phase 1 prospecting program at the Ubiquity Lake Uranium Project in Northern Saskatchewan. The purpose of the program was to map historic showings, as well as high-value target zones identified through historic prospecting and geophysical programs. As part of the survey, the entire claim block was surveyed with state-of-the-art RS100 scintillometers to establish a baseline and investigate radioactive target zones. Of particular interest, the crew identified two previously undiscovered radioactive zones. ZONE 1: The Ubiquity West Radioactive Zone is 350m x 350m, northwest of Ubiquity Lake, and displays consistently elevated spectrometer readings of 200-500 CPS with peak readings of up to 3613 CPS. ZONE 2: The Warr Lake Radioactive Zone consists of 5 large outcrop groups to the west of Warr Lake, each measuring roughly 150m x 350m along ridges. The Warr Lake outcrops, which are adjacent to a regional fault, display elevated spectrometer readings in the 150-400 CPS range, with peak readings as high as 7472 CPS. In addition, hematite-altered granitic rock with folded schist and gneiss were observed throughout the Ubiquity West outcrop zone and the Warr Lake outcrops. A total of 60 rock samples were collected from exposed outcrops and boulders. Assay results will be available in the near term. Peter Born, President of Bedford, commented, “We are extremely pleased with the discovery of the new radioactive zones at a Ubiquity Lake. Results for this program will be integrated into the growing database with the ultimate intention of discovering an economic uranium deposit.” Background The principal target zones at the Ubiquity Lake Uranium Project are northwest-trending subsurface conductive anomalies identified through a 2014 VTEM survey completed by Noka Resources Inc. and Alpha Exploration Inc. Additionally, the Company will be exploring conductive anomalies identified through a 2007 GEOTEM survey completed by Stikine Gold Corporation. A ground survey conducted in 2014 yielded numerous radioactive samples, with readings up to 2000 cps. In 2014, a helicopter-borne EM and magnetic survey carried out by Aeroquest and Condor Consulting Inc....