09:24 AM EDT, 08/19/2024 (MT Newswires) -- Bedford Metals ( URGYF ) said earlier Monday that it identified two previously undiscovered radioactive zones "of particular interest" at the Ubiquity Lake uranium project in Saskatchewan after completing a Phase 1 prospecting program.

In ZONE 1, it said, the Ubiquity West Radioactive Zone is 350m by 350m, northwest of Ubiquity Lake, and displays "consistently elevated spectrometer readings of 200-500 CPS with peak readings of up to 3613 CPS".

In ZONE 2, it added, the Warr Lake Radioactive Zone consists of five large outcrop groups to the west of Warr Lake, each measuring roughly 150m x 350m along ridges. The Warr Lake outcrops, which are adjacent to a regional fault, display "elevated spectrometer readings in the 150-400 CPS range, with peak readings as high as 7472 CPS".

In addition, Bedford said, "hematite-altered granitic rock with folded schist and gneiss were observed throughout the Ubiquity West outcrop zone and the Warr Lake outcrops". A total of 60 rock samples were collected from exposed outcrops and boulders. Assay results will be available "in the near term".

"We are extremely pleased with the discovery of the new radioactive zones at a Ubiquity Lake," Bedford President Peter Born said. "Results for this program will be integrated into the growing database with the ultimate intention of discovering an economic uranium deposit."