Bedford completes phase 3 exploration at Sheppard Lake

Executive Summary

• Bedford Metals completed its Phase 3 exploration program at the Sheppard Lake uranium project in December 2025.
• The fully financed drill program will resume in spring 2026 targeting TZ‑2, TZ‑1 and Warr Lake, including a high‑resolution magnetometer survey of the newly identified Silica Cap zone.
• Field work generated 3,644 radiometric readings, 18 grab samples, and two drill holes (totaling 298.5 m) with 74 core samples; 92 samples were sent for U₃O₈ and multielement analysis.

Key Details

• Program Scope: Phase 3 field program concluded end‑December 2025; included three radiometric surveys, prospecting, and grab sampling.
• Radiometric Survey: Conducted on high‑resolution grids (10 m CPS readings every 10 m along 50‑m lines, 25 m line spacing); 3,644 readings delineated anomalous zones at TZ‑2 west and TZ‑1.
• Grab Sampling: 18 grab samples collected from TZ‑1, west of TZ‑2, and Warr Lake; maximum CPS of 10,609 recorded at the Silica Cap zone.
• Drilling Activity: Only 298.5 m drilled due to extreme cold and equipment issues:
• Hole SHP‑25‑01 abandoned at 32 m (rod binding).
• Hole SHP‑25‑02 reached 266.5 m on a steeper dip, testing south of TZ‑2.
• Core Sampling: 74 core samples obtained from the two holes; maximum CPS of 152 recorded.
• Laboratory Analysis: Total of 92 samples (grab + core) submitted to SRC Geoanalytical Laboratory for multielement, U₃O₈ and boron assays.
• Future Work (Spring 2026): Resumption of drilling on TZ‑2 showing, plus exploration of TZ‑1 and Warr Lake; high‑resolution walking magnetometer survey and backpack drilling planned for the Silica Cap zone.
• Environmental & Community Commitment: Emphasis on environmentally responsible practices and collaboration with local Indigenous communities.

Notable Quotes

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