00:57:00 EDT Tue 14 May 2024
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Bedford Metals Corp
Symbol BFM
Shares Issued 6,460,073
Close 2023-08-22 C$ 0.18
Market Cap C$ 1,162,813
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Bedford planning exploration for Margurete project

2023-08-24 02:22 ET - News Release

Dr. Peter Born reports

BEDFORD METALS ANNOUNCES PLANNING FOR UPCOMING EXPLORATION ON MARGURETE GOLD PROJECT

Bedford Metals Inc. has commenced the planning stages for its coming work program on the Margurete gold project. The project is strategically located within the Phillips Arm gold camp in southwestern British Columbia.

This work program aims to build upon the company's past successes in mineral discovery at the Margurete site, including findings of up to 6.18 grams per tonne gold at surface. These results have fuelled optimism for the project's potential to host significant gold mineralization.

"The Margurete gold project has shown promising indicators from our previous exploratory work," said Dr. Peter Born, director of Bedford. "The new work program aims to capitalize on this by conducting comprehensive geological studies to assess the resource potential more fully."

Coming work program objectives and tenders

As part of the next stage in the project's evolution, the company will outline its specific objectives for the work program, which will include detailed geological mapping, trenching and drilling campaigns. Once these objectives are finalized, the company will put out tenders to secure contractors specialized in mineral exploration and development to complete the work.

"We encourage qualified contractors to participate in the tender process as we're committed to performing the work to the highest industry standards," added Dr. Born.

Updates on planning and timing

The company will provide regular updates on the planning stages and timelines for the work program as they advance. Stakeholders and interested parties can expect to be kept informed of any significant milestones, findings or modifications to the work program.

About Bedford Metals Inc.

Bedford is a mineral exploration company. It creates value for its shareholders by identifying and developing highly prospective mineral exploration opportunities. Its strategy is to advance its projects from discovery to production, allowing Bedford to achieve exceptional shareholder value through the entire life cycle of mining.

Margurete gold project: Bedford owns a 100-per-cent interest in the Margurete gold project. The primary target at the Margurete gold project is the FB zone, where Falconbridge encountered gold-bearing mineralization at shallow depths. An initial exploration program was completed on the Margurete property in 1986 by Falconbridge. This program consisted of geochemical surveys, ground-based geophysics and a diamond drilling program, which was successful in identifying gold-bearing veins, which are believed to be genetically related to the same mineralizing events responsible for the nearby Doratha Morton and Alexandria gold mines.

Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101, and is responsible for, and has approved, the technical information contained in this release.

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