Business
Bedford Metals Obtains Satellite Survey Results on the Sheppard Lake Uranium Project, Northern Saskatchewan
VANCOUVER, British Columbia, Aug. 12, 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. 12, 2024 (GLOBE NEWSWIRE) -- Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to announce the results of its VNIR (Visible Near Field Infrared) and SWIR (Shortwave Infrared) satellite investigation at its Sheppard Lake Uranium Project, which adjoins the Ubiquity Lake Uranium project, just south of the Athabasca Basin, Saskatchewan. The statistical analysis, conducted by Dr. Neil Pendock, PhD in Applied Mathematics, successfully identified several positive indicators. Of particular interest was the identification of methane gas, believed to be produced by altered clays, particularly illite. This finding is significant because unconformity-style uranium deposits in the Athabasca Basin are often associated with hydrothermal events that produce illite. The investigation revealed a series of discrete methane anomalies correlating to a northwest-trending fault, with the southern end terminating at the TZ1 anomaly located on the Ubiquity Lake claims. Additionally, hydrogen gas was noted, adhering strongly to the northwest-trending fault. This trend has led to the outlining of a broader exploration corridor, approximately 8km in length and 1.5km in width. This corridor will form the first line of investigation for field crews in 2024. Peter Born, President of Bedford, commented, “The results of the satellite survey at Sheppard Lake are highly encouraging. The identification of key methane and hydrogen anomalies along the northwest-trending fault provides us with a clear exploration focus. We are excited to begin field investigations in this newly identified corridor and build on these promising findings.” Bedford remains committed to conducting all exploration and development work in an environmentally responsible manner and in consultation with local stakeholders. The Company prioritizes minimizing its environmental footprint and ensuring that all operations are sustainable and responsible. Additionally, Bedford values its relationships with local communities and indigenous groups and is committed to working collaboratively to ensure that its activities bring positive benefits to the region. Background The Region of Interest (ROI) is close to the Carpenter Lake Uranium Project of ALX Resources. The project is located along the Cable Bay Shear Zone...