Foremost Clean Energy Completes Successful Uranium Drilling Program at Murphy Lake South Property
TL;DR
Foremost Clean Energy's successful drilling at Murphy Lake South validates their exploration model, positioning them advantageously in the uranium market with expanded alteration zones and shallow unconformity depths.
Foremost Clean Energy completed a 2,695-meter diamond drill program using historic Denison Mines data and 3D velocity modeling, intersecting hydrothermal alteration and elevated radioactivity in graphitic faulted rocks.
Foremost Clean Energy's uranium discoveries support the transition to carbon-free energy, contributing to a cleaner future through domestic nuclear power development.
Foremost Clean Energy discovered uranium-bearing fluid indicators in Saskatchewan's Athabasca Basin, expanding the alteration footprint by 600 meters at relatively shallow depths of 200-350 meters.
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Foremost Clean Energy Ltd. has completed a seven-hole, 2,695-metre diamond drill program at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin, marking the project's first drilling activity since 2017. The program, designed using historic Denison Mines data and new 3D velocity modeling, intersected strong hydrothermal alteration, reactivated basement structures, and multiple zones of elevated radioactivity within graphitic faulted rocks near the unconformity. These geological features are consistent with unconformity-style uranium systems, which are characteristic of high-grade uranium deposits found throughout the Athabasca Basin region.
The company reported that the alteration footprint has expanded by approximately 600 metres as a result of the drilling program, significantly increasing the potential exploration area. The unconformity was encountered at relatively shallow depths of 200-350 metres, which could potentially reduce future mining costs compared to deeper deposits. Assay results from the drilling program are currently pending and will provide quantitative data on uranium concentrations within the identified structures.
Jason Barnard, CEO of Foremost Clean Energy, stated that the results validate the project's exploration model and confirm the presence of uranium-bearing fluids. This confirmation reinforces Murphy Lake South's potential as the company advances its broader pipeline of uranium prospects throughout the Athabasca Basin region. The company maintains an option to earn up to a 70% interest in 10 prospective uranium properties spanning over 330,000 acres in the uranium-rich Athabasca Basin, with additional information available at https://ibn.fm/FLay3.
The Athabasca Basin in northern Saskatchewan is globally recognized as one of the world's most prolific uranium-producing regions, hosting several major uranium mines and deposits. The confirmation of uranium-bearing structures at Murphy Lake South comes at a time when demand for carbon-free energy continues to accelerate, positioning domestically mined uranium for potential growth in the clean energy sector. Foremost's uranium projects range from grassroots exploration to properties with significant historical exploration data and drill-ready targets, providing multiple opportunities for discovery and development.
Beyond its uranium portfolio, Foremost Clean Energy also maintains lithium projects across more than 55,000 acres in Manitoba and Quebec, positioning the company across multiple critical minerals essential for clean energy technologies. The company's latest developments and corporate updates can be followed through its newsroom at http://ibn.fm/FMST, providing ongoing transparency about exploration progress and corporate developments as the company continues to advance its clean energy mineral portfolio.
Curated from InvestorBrandNetwork (IBN)
