Foremost Clean Energy Commences 2025 Drilling Program at Hatchet Uranium Project
Foremost Clean Energy (NASDAQ: FMST) has launched its 2025 exploration drill program at the Hatchet Lake Uranium Project in Saskatchewan's Athabasca Basin. The fully-funded, 2,000-metre helicopter-supported diamond drill program is being conducted by Dahrouge Geological Consulting.
The program focuses on two key areas:
- Tuning Fork Target: 1,000 meters of drilling planned, with unconformity depth of 120-160m. Previous drilling identified structures and alteration along conductive trends with mineralization.
- Richardson Target: 1,000 meters planned, targeting discrete linear EM conductive anomalies spanning ~7 km. Historical drilling confirmed mineralization presence along the conductive trend.
The project's location within 1.5 km of the Athabasca Basin margin results in shallow sandstone cover (less than 220 metres), enabling efficient and cost-effective drill testing. The program is part of Foremost's collaboration with Denison Mines Corp.
Foremost Clean Energy (NASDAQ: FMST) ha lanciato il suo programma di esplorazione con perforazioni per il 2025 presso il progetto Uranio di Hatchet Lake, situato nel bacino di Athabasca in Saskatchewan. Il programma di perforazione con diamante, supportato da elicotteri e completamente finanziato, prevede 2.000 metri di lavoro ed è condotto da Dahrouge Geological Consulting.
Il programma si concentra su due aree chiave:
- Obiettivo Tuning Fork: sono previsti 1.000 metri di perforazione, con una profondità di incongruenza di 120-160 m. Le perforazioni precedenti hanno identificato strutture e alterazioni lungo tendenze conduttive con mineralizzazione.
- Obiettivo Richardson: sono previsti 1.000 metri di perforazione, mirati a anomalie conduttive EM lineari discrete che si estendono per circa 7 km. Le perforazioni storiche hanno confermato la presenza di mineralizzazione lungo la tendenza conduttiva.
La posizione del progetto, a meno di 1,5 km dal margine del bacino di Athabasca, comporta una copertura di arenaria poco profonda (meno di 220 metri), che consente test di perforazione efficienti e convenienti. Il programma fa parte della collaborazione di Foremost con Denison Mines Corp.
Foremost Clean Energy (NASDAQ: FMST) ha lanzado su programa de perforación de exploración para 2025 en el Proyecto de Uranio Hatchet Lake, ubicado en la Cuenca de Athabasca en Saskatchewan. El programa de perforación con diamante, apoyado por helicópteros y totalmente financiado, comprende 2,000 metros de trabajo y es llevado a cabo por Dahrouge Geological Consulting.
El programa se centra en dos áreas clave:
- Objetivo Tuning Fork: se planean 1,000 metros de perforación, con una profundidad de incongruencia de 120-160 m. Las perforaciones anteriores identificaron estructuras y alteraciones a lo largo de tendencias conductivas con mineralización.
- Objetivo Richardson: se planean 1,000 metros, apuntando a anomalías EM conductivas lineales discretas que se extienden por aproximadamente 7 km. Las perforaciones históricas confirmaron la presencia de mineralización a lo largo de la tendencia conductiva.
La ubicación del proyecto, a menos de 1.5 km del margen de la Cuenca de Athabasca, resulta en una cobertura de arenisca poco profunda (menos de 220 metros), lo que permite pruebas de perforación eficientes y rentables. El programa forma parte de la colaboración de Foremost con Denison Mines Corp.
Foremost Clean Energy (NASDAQ: FMST)는 사스카처원주 아타바스카 분지에 위치한 해치 레이크 우라늄 프로젝트에서 2025년 탐사 드릴 프로그램을 시작했습니다. 완전히 자금이 지원되는 2,000미터 헬리콥터 지원 다이아몬드 드릴 프로그램은 다흐루지 지질 컨설팅에 의해 수행됩니다.
프로그램은 두 가지 주요 영역에 초점을 맞추고 있습니다:
- 튜닝 포크 목표: 1,000미터의 드릴링이 계획되어 있으며, 불일치 깊이는 120-160m입니다. 이전 드릴링에서는 광물화가 있는 전도성 트렌드를 따라 구조와 변화를 확인했습니다.
- 리차드슨 목표: 1,000미터가 계획되어 있으며, 약 7km에 걸쳐 있는 이산형 선형 EM 전도성 이상을 목표로 하고 있습니다. 역사적인 드릴링은 전도성 트렌드를 따라 광물화의 존재를 확인했습니다.
프로젝트의 위치는 아타바스카 분지의 경계에서 1.5km 이내에 있어 얕은 사암 덮개(220미터 미만)가 존재하여 효율적이고 비용 효과적인 드릴 테스트가 가능합니다. 이 프로그램은 Foremost와 Denison Mines Corp.의 협력의 일환입니다.
Foremost Clean Energy (NASDAQ: FMST) a lancé son programme de forage d'exploration pour 2025 au projet d'uranium de Hatchet Lake, situé dans le bassin d'Athabasca en Saskatchewan. Le programme de forage en diamant, soutenu par hélicoptère et entièrement financé, comprend 2 000 mètres de travail et est réalisé par Dahrouge Geological Consulting.
Le programme se concentre sur deux zones clés :
- Cible Tuning Fork : 1 000 mètres de forage prévus, avec une profondeur d'incongruité de 120-160 m. Les forages précédents ont identifié des structures et des altérations le long de tendances conductrices avec minéralisation.
- Cible Richardson : 1 000 mètres prévus, ciblant des anomalies EM conductrices linéaires discrètes s'étendant sur environ 7 km. Les forages historiques ont confirmé la présence de minéralisation le long de la tendance conductrice.
La localisation du projet, à moins de 1,5 km de la marge du bassin d'Athabasca, entraîne une couverture de grès peu profonde (moins de 220 mètres), permettant des tests de forage efficaces et rentables. Le programme fait partie de la collaboration de Foremost avec Denison Mines Corp.
Foremost Clean Energy (NASDAQ: FMST) hat sein Explorationsbohrprogramm für 2025 im Uranprojekt Hatchet Lake im Athabasca-Becken in Saskatchewan gestartet. Das vollständig finanzierte, 2.000 Meter lange, hubschrauberunterstützte Diamantbohrprogramm wird von Dahrouge Geological Consulting durchgeführt.
Das Programm konzentriert sich auf zwei Schlüsselbereiche:
- Tuning Fork Ziel: 1.000 Meter Bohrungen sind geplant, mit einer Unstimmigkeitstiefe von 120-160 m. Frühere Bohrungen identifizierten Strukturen und Veränderungen entlang leitfähiger Trends mit Mineralisierung.
- Richardson Ziel: 1.000 Meter sind geplant, um diskrete lineare EM-leitfähige Anomalien über etwa 7 km anzusprechen. Historische Bohrungen bestätigten die Anwesenheit von Mineralisierung entlang des leitfähigen Trends.
Die Lage des Projekts innerhalb von 1,5 km vom Rand des Athabasca-Beckens führt zu einer flachen Sandsteindecke (weniger als 220 Meter), die effiziente und kostengünstige Bohrtests ermöglicht. Das Programm ist Teil der Zusammenarbeit von Foremost mit Denison Mines Corp.
- Fully-funded 2,000-metre drilling program launched
- Strategic location enables cost-effective shallow drilling
- Historical drilling confirmed presence of uranium mineralization
- Partnership with established player Denison Mines Corp
- Historical results not fully validated under National Instrument 43-101
- Early-stage exploration with no confirmed commercial deposits
The Hatchet Drill Program is expected to test for extensions of known uranium mineralization and new targets based on previously identified anomalous pathfinder elements and hydrothermal alteration
VANCOUVER, British Columbia, April 04, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) an emerging North American uranium and lithium exploration company, is pleased to announce the commencement of its 2025 exploration drill program (the “Drill Program”) at the Hatchet Lake Uranium Project ("Hatchet"), located in the world-renowned Athabasca Basin of northern Saskatchewan. The 2,000 metre helicopter-supported diamond drill program commenced recently and is being conducted on behalf of Foremost by Dahrouge Geological Consulting (“DGC”). Drill testing during this program is expected to evaluate the project’s top exploration prospects at both the Tuning Fork target area (“Tuning Fork”) and Richardson target area (“Richardson”).
“We are excited to commence this fully-funded drill program at Hatchet.” said Jason Barnard, Foremost’s President and CEO, “This program represents a significant step forward for Foremost, launching our first exploration drill program in the Athabasca Basin, designed to evaluate several discovery-ready target areas on well-situated and advanced exploration project that is part of our unique collaboration with Denison Mines Corp. (‘Denison’). Our drill targets for this program have been designed to test interpreted structures and conductive breaks identified based on the wealth of historic exploration already completed on this exciting property.”
Hatchet is located within 1.5 km of the Athabasca Basin margin, which results in shallow sandstone cover (less than 220 metres) and corresponding shallow exploration targets, enabling efficient and cost-effective drill testing. The upcoming 2025 drill campaign plans to capitalize on this advantage, including multiple drill holes to advance the evaluation of several target areas – each of which are highly prospective and have potential for discovery or which will benefit in future drill programs from additional reconnaissance.
Tuning Fork
The shallow drill targets at Tuning Fork (Figure 1) comprise 1,000 m of the planned drilling with an unconformity depth ranging from 120 – 160m. Historical and the 2024 drilling program have identified prominent structures and alteration along conductive trends identified via ground electromagnetic (“EM”) surveys that are coincident with previously identified mineralization that is located near structures at the unconformity. A folded conductive package of graphitic metasediments adjacent to the structure underscores the key elements for uranium mineralization.
Figure 1 – Tuning Fork - 2025 drilling target locations and proposed drillholes
Richardson
The balance of drilling at Hatchet during this program (~1,000 m) is planned to consist of follow up drilling and reconnaissance drilling at the Richardson target area. A series of discrete linear EM conductive anomalies (~7 km in total length) comprise the Richardson target area. Historical drilling (Figure 2) has confirmed the presence of mineralization along the conductive trend at and immediately below the unconformity. Follow up drilling is designed to test the continuity of mineralization along strike and obtain structural data on mineralized structures identified in historical holes. Additional drilling is expected to test certain prospective unexplored conductive trends to evaluate the potential to host uranium mineralization.
Figure 2 – Richardson Trend - 2025 drill targets and proposed drillholes
Qualified Person
The technical content of this news release has been reviewed and approved by Jordan Pearson, P. Geo., Project Geologist for Dahrouge Geological Consulting Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and reviewed the content of this press release.
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 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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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 disapproves the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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FAQ
What is the scope of Foremost Clean Energy's (FMST) 2025 Hatchet drilling program?
Where is FMST's Hatchet Lake Uranium Project located and why is its location significant?
What are the specific drilling targets at FMST's Tuning Fork area?
What historical findings support FMST's drilling at the Richardson target area?
