06:43 AM EDT, 07/16/2024 (MT Newswires) -- Bedford Metals ( URGYF ) earlier Tuesday said it has identified several positive indicators for uranium at the Close Lake uranium project in the Athabasca Basin of Saskatchewan.

An analysis of the results of a Visible Near Field Infrared and Shortwave Infrared satellite survey showed findings that were comparable to those observed at Cameco's Cigar Lake mine, the world's highest-grade uranium mine, the company said.

Among the key findings, two significant helium blooms were identified, which is directly correlated with uranium deposits. A 1,000-meter northwest-trending anomaly interpreted as hematite-rich was also discovered, along with a concurrent anomaly interpreted as illite, a clay formed through a principal mechanism for uranium deposition.

"The identification of these key uranium markers will allow us to focus our drilling on the key locations as we work towards making a significant discovery," said Bedford President Peter Born. "Our next steps will involve integrating these new datasets, which have a ground resolution of approximately 10 meters, with our historic datasets to identify precise diamond drilling targets."