Foremost Clean Energy Announces Commencement of a 2,500m Diamond Drill Program at its Murphy Lake South Uranium Property, Athabasca Basin, Saskatchewan
Foremost Clean Energy (NASDAQ: FMST) has launched an 8-hole, 2,500m diamond drill program at its Murphy Lake South Uranium Property in Saskatchewan's Athabasca Basin. The Phase 1 program follows a successful ambient noise tomography (ANT) survey that generated a 3D velocity model to optimize drill targeting.
The first drill hole will target the up-dip projection of hole MP17-19, which previously yielded 7.5 metres of 234 ppm U1. Historical drilling results include intersections of 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters. The 17,676-acre property is located approximately 30km northwest of the McClean Lake mill and adjacent to the LaRocque Lake Conductive Corridor.
A Phase 2 follow-up program is anticipated for the 2025/2026 winter drill season to expand upon initial exploration results.
Foremost Clean Energy (NASDAQ: FMST) ha avviato un programma di perforazione diamantata di 8 fori per 2.500 m presso la proprietà Murphy Lake South Uranium nella Athabasca Basin, Saskatchewan. Il programma di Fase 1 segue un'indagine di tomografia del rumore ambientale (ANT) che ha prodotto un modello di velocità 3D per ottimizzare il posizionamento dei fori.
Il primo foro mira alla proiezione up-dip del foro MP17-19, che in precedenza aveva riportato 7,5 metri a 234 ppm U1. I risultati storici includono intersezioni di 0,25% U₃O₈ su 6 metri e 0,13% U₃O₈ su 12,5 metri. La proprietà, di 17.676 acri, si trova a circa 30 km a nord-ovest del molino di McClean Lake e adiacente al LaRocque Lake Conductive Corridor.
È prevista una Fase 2 per la stagione di perforazione invernale 2025/2026 per ampliare i risultati iniziali dell’esplorazione.
Foremost Clean Energy (NASDAQ: FMST) ha iniciado un programa de perforación diamantina de 8 pozos y 2.500 m en su propiedad Murphy Lake South Uranium en la cuenca de Athabasca, Saskatchewan. El programa de Fase 1 sigue a una encuesta de tomografía por ruido ambiental (ANT) que generó un modelo de velocidad 3D para optimizar la localización de los taladros.
El primer pozo apuntará a la proyección up-dip del pozo MP17-19, que anteriormente arrojó 7,5 metros con 234 ppm U1. Los resultados históricos de perforación incluyen intersecciones de 0,25% U₃O₈ sobre 6 metros y 0,13% U₃O₈ sobre 12,5 metros. La propiedad, de 17.676 acres, está ubicada aproximadamente a 30 km al noroeste del molino McClean Lake y es adyacente al LaRocque Lake Conductive Corridor.
Se anticipa un programa de seguimiento de Fase 2 para la temporada de perforación invernal 2025/2026 para ampliar los resultados iniciales de exploración.
Foremost Clean Energy (NASDAQ: FMST)는 사스카처원의 애서배스카 분지에 위치한 Murphy Lake South Uranium 광구에서 8공, 총 2,500m 다이아몬드 시추 프로그램을 시작했습니다. 1단계 프로그램은 시추 목표를 최적화하기 위해 3D 속도 모델을 생성한 주변 소음 토모그래피(ANT) 조사에 따른 것입니다.
첫 번째 시추공은 이전에 7.5미터에서 234 ppm U1을 기록한 MP17-19 공의 업딥 투영을 겨냥합니다. 과거 시추 결과로는 0.25% U₃O₈ over 6 meters 및 0.13% U₃O₈ over 12.5 meters의 교차구간이 보고되었습니다. 17,676에이커 규모의 해당 광구는 McClean Lake 제련소에서 북서쪽으로 약 30km 떨어져 있으며 LaRocque Lake 전도성 회랑과 인접해 있습니다.
초기 탐사 결과를 확장하기 위해 2025/2026년 겨울 시추 시즌에 2단계 후속 프로그램이 예상됩니다.
Foremost Clean Energy (NASDAQ: FMST) a lancé un programme de forage diamanté de 8 trous totalisant 2 500 m sur sa propriété Murphy Lake South Uranium dans le bassin d'Athabasca, Saskatchewan. Le programme de phase 1 fait suite à une enquête de tomographie par bruit ambiant (ANT) qui a généré un modèle de vitesse 3D pour optimiser le ciblage des forages.
Le premier trou visera la projection up-dip du trou MP17-19, qui avait auparavant livré 7,5 mètres à 234 ppm U1. Les forages historiques comprennent des intersections de 0,25% U₃O₈ sur 6 mètres et de 0,13% U₃O₈ sur 12,5 mètres. La propriété de 17 676 acres est située à environ 30 km au nord-ouest de l'usine de McClean Lake et est adjacente au LaRocque Lake Conductive Corridor.
Un programme de suivi de phase 2 est prévu pour la saison de forage hivernale 2025/2026 afin d'élargir les résultats initiaux de l'exploration.
Foremost Clean Energy (NASDAQ: FMST) hat ein 8-Bohrloch-, 2.500 m Diamantbohrprogramm auf seinem Murphy Lake South Uranium-Grundstück im Athabasca-Becken, Saskatchewan, gestartet. Das Phase-1-Programm folgt auf eine erfolgreiche Ambient-Noise-Tomographie (ANT)-Untersuchung, die ein 3D-Geschwindigkeitsmodell zur Optimierung der Bohrziele lieferte.
Das erste Bohrloch zielt auf die Up-Dip-Projektion von Bohrung MP17-19, die zuvor 7,5 Meter mit 234 ppm U1 ergab. Historische Bohrergebnisse umfassen Abschnitte von 0,25% U₃O₈ über 6 Meter und 0,13% U₃O₈ über 12,5 Meter. Das 17.676 Acre große Grundstück liegt etwa 30 km nordwestlich der McClean Lake-Anlage und grenzt an den LaRocque Lake Conductive Corridor.
Für die Wintersaison 2025/2026 wird ein Folgeprogramm (Phase 2) erwartet, um die anfänglichen Explorationsergebnisse zu erweitern.
- Strategic location in the uranium-rich Athabasca Basin, adjacent to high-grade Hurricane Deposit
- Previous drilling showed promising uranium mineralization with up to 0.25% U₃O₈ over 6 meters
- Advanced 3D velocity modeling from ANT survey enhances targeting accuracy
- Fully-funded Phase 1 program with planned Phase 2 follow-up
- Historical results require additional verification per National Instrument 43-101
- Early-stage exploration project with no confirmed commercial deposits
Insights
Foremost begins strategic uranium drilling in Athabasca Basin targeting historic anomalies with promising geological indicators for potential discovery.
Foremost Clean Energy has mobilized crews to start an 8-hole, 2,500m diamond drill program at their Murphy Lake South Property in Saskatchewan's Athabasca Basin, following completion of an Ambient Noise Tomography (ANT) survey. This represents a significant milestone in the company's uranium exploration strategy.
The technical approach here is particularly noteworthy. The first drill hole specifically targets the up-dip projection of a previous intersection (hole MP17-19) that encountered 7.5 meters of 234 ppm uranium within a graphitic structure in basement rocks. This is strategically important because the unconformity interface between sandstone and basement rocks is precisely where many major Athabasca uranium deposits form, when uranium-bearing fluids interact with reducing environments.
The property's location along the LaRocque corridor is geologically significant, with the nearby Hurricane Deposit (owned by IsoEnergy) containing 48.6Mlbs of U₃O₈ at an exceptional grade of 34.5%. Historical drilling results on the Murphy property itself show promising indicators, including intersections of 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters.
The application of ANT survey technology represents modern exploration methodology, generating 3D velocity models that can identify structural offsets, fault zones, and alteration halos - all critical factors in locating uranium mineralization. This approach has proven successful at other Athabasca Basin deposits.
The timing aligns with uranium market dynamics, as production cuts by major producers like Cameco suggest a tightening supply environment, potentially increasing the value of new discoveries. A planned Phase 2 follow-up program for winter 2025/2026 indicates the company's commitment to systematic exploration regardless of initial results.
Highlights:
- Drill program follows the successful completion of an Ambient Noise Tomography Survey
- First drillhole to target the unconformity above a historic zone of anomalous uranium
VANCOUVER, British Columbia, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) is pleased to announced that crews have mobilized to commence an anticipated 8-hole, 2,500m diamond drill at its Murphy Lake South Uranium Property (“Murphy”) located in the world-renowned Athabasca Basin region of northern Saskatchewan. The Phase 1 fully-funded diamond drill program follows the successful completion of the Company’s ambient noise tomography (“ANT”) survey, announced July 21, 2025 which generated a 3D velocity model to optimize drill hole placement to test high-priority target areas at Murphy. A Phase 2 follow-up program can be expected for the 2025/2026 winter drill season program to expand upon any initial exploration results.
“The Murphy Lake South drill program will test high-priority targets in a world-class uranium district. This strategic exploration is particularly timely, as recent production cuts from major producers like Cameco are forecast to further tighten uranium supply, highlighting the critical need for new discoveries.” comments Jason Barnard President and CEO of Foremost.
“We are excited to build on the results of our ANT survey, which provides a much sharper picture of the subsurface architecture to refine our targeting in the hopes of turning historic anomalies into a uranium discovery. Testing the up-dip potential of the mineralized graphitic structure at drill hole MP17-19 is a compelling opportunity, as it represents a classic setting for unconformity-hosted uranium deposits. By combining modern geophysics with these proven geological controls, we are methodically and systematically evaluating the highest-priority targets and are positioning Foremost for potential meaningful discovery.”
Drill Program Overview
Murphy is situated in the eastern Athabasca Basin within the Mudjatik Domain, a region with strong uranium potential (see figure 1 below). Recent exploration successes along the LaRocque corridor have underscored the potential of this area often overshadowed by the eastern Athabasca’s Wollaston Domain. The first hole of the program will test the up-dip projection of drill hole MP17-19, which previously intersected 7.5 metres of 234 ppm U1 (see figures 2 and 3 below) within a graphitic structure in the basement rocks. This significant interval has remained a priority follow-up target representing an ideal setting for unconformity-style uranium mineralization. Drillhole depths are expected to be between 300 and 450 metres.
Results of the ANT survey were processed to generate a 3D velocity model of the subsurface to enhance targeting confidence by imaging structural offsets, fault zones, and alteration halos in both the sandstone and basement rocks. Similar surveys in the Athabasca Basin have demonstrated the ability to identify velocity anomalies that correlate with known uranium deposits, such as IsoEnergy’s Hurricane Deposit. Murphy Lake 3D velocity model results assisted with drill hole placement and to optimize the testing of high-priority conductive corridors.
The 17,676 acre/7,153 hectare Murphy Lake South Project is situated approximately 30km northwest of the McClean Lake mill and lies adjacent to the LaRocque Lake Conductive Corridor, host to IsoEnergy’s Hurricane Deposit, one of the world’s highest-grade published indicated uranium resources of 48.6Mlbs U3O8 at
0.25% U₃O₈ over 6 meters (drill hole MP-15-03)30.13% U₃O₈ over 12.5 meters just above the unconformity (drill hole MP-16-11)40.03% U₃O₈ over 22.5 meters from 255 to 277.5 meters (MP-16-17)5
The Company believes that these results, together with confirmed structural complexity make Murphy a compelling Property for a uranium discovery.
Figure 1. Murphy Lake South Property – Regional Map
Figure 2. Murphy Lake South Property – 2025 Initial DDH Target Location
Figure 3. MP17-18 and MP17-19 Interpreted Cross Section and Initial Target Area
Qualified Person
The technical content of this news release has been reviewed and approved by Cameron MacKay, P. Geo., Vice President of Exploration for Foremost Clean Energy Ltd., and a Qualified Person under National Instrument 43-101.
A qualified person has not performed sufficient work or data verification to validate the historical results in accordance with National Instrument 43-101. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the property’s potential and are relevant for any future exploration program.
About Foremost
Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (WKN: A3DCC8) is a rapidly growing North American uranium and lithium exploration company. The Company holds an option from Denison Mines Corp. (“Denison”) to earn up to a
Foremost also has a portfolio of lithium projects at varying stages of development, which are located across 55,000+ acres in Manitoba and Quebec. For further information, please visit the Company’s website at www.foremostcleanenergy.com
Contact and Information
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Jason Barnard, President and CEO
+1 (604) 330-8067
info@foremostcleanenergy.com
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Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, continuity of agreements with third parties and satisfaction of the conditions to the option agreement with Denison, risks and uncertainties associated with the environment, delays in obtaining governmental approvals, permits or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. and information. Please refer to the Company’s most recent filings under its profile at on Sedar+ at www.sedarplus.ca and on Edgar at www.sec.gov for further information respecting the risks affecting the Company and its business.
The CSE has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
1 Saskatchewan Mineral Assessment File MAW02389
2 Technical Report on the Larocque East Project, Northern Saskatchewan, Canada, effective July 8, 2022, prepared by SLR Consulting (Canada) Ltd., available under IsoEnergy’s profile on ww.sedarplus.ca.
3 Saskatchewan Mineral Assessment File MAW01724
4 Saskatchewan Mineral Assessment File MAW02234
5 Saskatchewan Mineral Assessment File MAW02243
Photos accompanying this announcement are available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/e1e89303-24d3-4b7e-8a6c-88b3222518fb
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FAQ
What is the scope of Foremost Clean Energy's new uranium drilling program at Murphy Lake South?
Where is the Murphy Lake South Uranium Property located?
What were the historical drilling results at Murphy Lake South?
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What technology is FMST using to enhance its drilling program?
