Bedford Metals Announces Multiphase Exploration Program At Sheppard Lake Uranium Project
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Vancouver, BC – April 3, 2025— TheNewswire – Bedford Metals Corp. (TSX-V: BFM, FWB: O8D, ISIN: CA0762301012) (the “Company” or “Bedford”) is pleased to unveil details of its comprehensive 2025 exploration program at the Sheppard Lake Uranium Project, situated in northern Saskatchewan within the southern Athabasca Basin. The project integrates the former Ubiquity Lake, Cable Lake, and Sheppard Lake properties.
The multiphase program, fully funded by Bedford, will encompass airborne geophysics, extensive groundwork, and diamond drilling.
Phase 1 involves a 747-line kilometer MobileMT survey, employing cutting-edge airborne electromagnetic technology and the latest AFMAG advancements. This heliborne survey captures geoelectrical data up to 1 kilometer deep with exceptional spatial and resistivity resolution, effectively delineating magnetic breaks and subsurface conductors.
Phase 2 comprises a comprehensive field initiative covering the entire 13,092-hectare project area, including newly acquired Cable Lake and existing Ubiquity Lake claims. The primary objective is to refine existing diamond drill targets and identify new areas of interest across the expansive Sheppard Lake property. Focus areas include TZ1, TZ2, VTEM conductors, and historic radiometric anomalies identified in previous airborne surveys. Geophysical data from Phase 1 will guide target identification and prioritization.
The field team, consisting of a five-person exploration crew, will conduct systematic prospecting, radiometric surveys, and ground magnetometer studies. Radon gas cups will be strategically deployed to assess subsurface uranium potential, leveraging radon gas as a primary indicator of mineralization. The field program will operate in two phases, utilizing helicopter support for remote or logistically challenging zones.
Phase 3 will target high-priority areas with diamond drilling, aiming to validate exploration targets.
Peter Born, President of Bedford, stated, “We are excited to launch this extensive groundwork program at Sheppard Lake. This initiative underscores our confidence in the property’s potential and our commitment to advancing it aggressively. Backed by robust geophysical data, satellite analysis, and promising preliminary field results, we anticipate significant strides in our understanding of the project and refinement of our drilling strategy.”
Bedford maintains a strong commitment to responsible mineral exploration. All activities will adhere strictly to environmental best practices and will be conducted in collaboration with local indigenous communities and regional stakeholders. The Company prioritizes sustainable development and fosters transparent, respectful relationships with affected parties.
Further updates will follow as the program progresses and preliminary findings emerge.
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.
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For further information, please contact the Company at [email protected] or 604-622-1199 or visit the Company’s website at www.bedfordmetals.com.
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.
Cautionary Note Regarding Forward-Looking Statements
This news release includes statements that contain “forward-looking information” within the meaning of the applicable Canadian securities legislation (“forward-looking statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statements that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward -looking statements relate, among other things to: completion of the Acquisition, the ability to obtain the necessary regulatory authorizations and approvals and the development of a revised exploration plan.
These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward–looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward–looking statements to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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