Foremost Clean Energy completes drill program at Murphy property

Foremost Clean Energy (FMST) announced the completion of its seven-hole, 2,695 metres diamond drill program at the Murphy Lake South Uranium Property, located in the Athabasca Basin, northern Saskatchewan. This was the first drill program at Murphy since 2017, which was designed to follow up on high-priority targets originally advanced by Denison Mines (DNN). Leveraging Denison’s extensive historic drilling and geophysical data, Foremost incorporated new geological insights derived from a recently acquired exploration 3D velocity model generated through ambient noise tomography to refine target definition. Drilling successfully tested the targeted graphitic structural corridor and intersected strong hydrothermal alteration, reactivated basement structures, and zones of elevated radioactivity associated with the graphitic fault zones. Program Highlights:Strong Structure and Alteration: Drilling intersected broad zones of hydrothermal alteration at the Athabasca unconformity and along graphitic structures-hallmark features of unconformity-style uranium systems in the Athabasca Basin-with the alteration footprint at Murphy extended by ~600 m.. Elevated Radioactivity: Multiple zones of elevated radioactivity were recorded within graphitic and faulted basement rocks near the unconformity, confirming the presence of uranium-bearing hydrothermal fluids. Prospectivity Model Confirmed: Results validate the exploration model, demonstrating that uranium bearing fluids were concentrated along graphitic corridors and the Athabasca unconformity-similar to patterns observed at nearby discoveries in the eastern Basin. Shallow Unconformity Depths: The sandstone-basement contact occurs at relatively shallow depths, enabling cost-effective follow-up drilling. Assays Pending: Core samples have been submitted to the Saskatchewan Research Council for analysis. “The preliminary results from our Murphy Lake South drill program are highly encouraging,” said Jason Barnard, CEO. “Murphy shares several geological hallmarks with major discoveries in the Basin, including elevated radioactivity associated with graphitic basement structures, faulting, and hydrothermal alteration, features commonly associated with significant uranium mineralization. This program followed up on Denison’s historical intersections of anomalous uranium and pathfinder elements, and our drilling has confirmed a robust alteration and structural system indicating the presence of uranium-bearing fluids. These are exactly the kinds of geological ingredients that precede discovery. Foremost and its team are eager to continue advancing opportunities like Murphy and look forward to unlocking the potential of all our projects as we continue developing a pipeline of future uranium discoveries.”