Foremost releases Wolverine radon survey results

Executive Summary

• Foremost Clean Energy Ltd. released positive radon survey results from its Wolverine uranium property in the Athabasca Basin, Saskatchewan.
• The survey identified elevated radon anomalies that correlate with interpreted structural features, strengthening the geological case for high-grade unconformity-style uranium mineralization.
• The company plans to integrate these radon data with historical geophysical and drill information to refine high-priority drill targets for future exploration.

Key Details

• Survey Scope: Conducted by RadonEx Ltd., the survey collected 893 data points over a grid designed to cover two potential faults associated with notable unconformity offsets.
• Methodology: Included radon flux monitoring over land and a small radon-in-water component to test adjacent wetlands.
• Key Findings:
  • Identified a one-kilometre-long radon anomaly trending northeast.
  • Identified a second anomaly in the northeast portion of the grid.
  • Both anomalies remain open along strike.
  • A pronounced north-northeast-trending radon anomaly closely coincides with an interpreted structural feature on the property.
• Geological Context: The correlation between radon trends and magnetic structures (basement rocks) suggests the structure may be fertile, despite slight offsets expected between surface measurements and subsurface structures.
• Historical Data: Previous drilling (WL10-01) intersected 2,087 ppm uranium over 0.1 metre. Historical work indicates up to 50 metres of unconformity displacement.
• Next Steps: Integration of radon data with historical geochemical and geophysical data to refine drill targets for future testing.
• Property Details: Wolverine consists of three mineral claims totaling 12,444 acres (5,036 hectares) in Northern Saskatchewan, approximately 15 km southeast of the Cigar Lake mine site. It is part of a 10-project portfolio optioned from Denison Mines.

Notable Quotes

• Jason Barnard, President and CEO: "These survey results provide strong evidence that the interpreted structures at Wolverine are associated with elevated radon anomalies, which may suggest the presence of subsurface uranium. This strengthens our confidence that the property has the right geological setting to host high-grade unconformity-style uranium mineralization."