VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) - Bedford Metals Corp. (TSX-V: BFM) (the “Company” or “Bedford”) announces that it has engaged CanExplor Management Ltd. to conduct a satellite survey over its Ubiquity Lake Uranium Project. This survey will utilize advanced technology to analyze helium emission data, which directly correlates with uranium decay. Helium gas, a byproduct of uranium decomposition, serves as an excellent exploration marker, particularly in projects where uranium is present on the surface.
The satellite survey will meaningfully advance Bedford’s understanding of the Ubiquity Lake Uranium Project. By analyzing helium emission data, the Company will gain valuable insights into the subsurface geology and uranium mineralization, enhancing its knowledge of the Project in advance of the upcoming summer exploration program.
Peter Born, President of Bedford, commented, “We are eager to partner with CanExplor Management to conduct this cutting-edge satellite survey over our Ubiquity Lake Uranium Project. Modern-day technology allows us to refine our exploration efforts with improved speed and efficiency, ultimately enhancing our ability to unlock the full potential of our mineral projects. At Bedford Metals, we pride ourselves on utilizing the most current technology to advance our exploration initiatives and create value for our shareholders.”
Bedford remains committed to conducting exploration activities to the highest environmental standards and collaborating with local communities and indigenous groups. Environmental stewardship is a fundamental aspect of the Company's operational philosophy, and it will continue to prioritize responsible resource development while engaging with stakeholders respectfully and transparently.
The engagement of CanExplor Management Ltd. for the satellite survey underscores Bedford Metals' dedication to leveraging innovative techniques to maximize the value of its mineral projects. As the Company continues to advance its exploration programs, it remains focused on delivering value to its shareholders and contributing to the global transition toward sustainable resource development.
Dr. Peter Born, PGeo, 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 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.
For further information, please contact the Company at info@bedfordmetals.com 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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