Foremost Clean Energy Announces Commencement of a 2,500m Diamond Drill Program at its Murphy Lake South Uranium Property, Athabasca Basin, Saskatchewan

Core Viewpoint - Foremost Clean Energy Ltd. has initiated an 8-hole, 2,500m diamond drill program at its Murphy Lake South Uranium Property, following a successful ambient noise tomography survey that optimized drill hole placement for high-priority targets in a region with significant uranium potential [1][2][4]. Company Overview - Foremost Clean Energy Ltd. is a rapidly growing North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 prospective uranium properties in the Athabasca Basin, covering over 330,000 acres [17]. - The company aims to make significant discoveries through systematic exploration programs in collaboration with Denison Mines Corp. [17]. Drill Program Details - The drill program at Murphy Lake South will target high-priority areas in the eastern Athabasca Basin, specifically testing the up-dip potential of drill hole MP17-19, which previously intersected 7.5 meters of 234 ppm U [4][6]. - Drill hole depths are expected to range from 300 to 450 meters, with the first hole focusing on an unconformity above a historic zone of anomalous uranium [4][7]. Survey and Targeting - The ambient noise tomography survey produced a 3D velocity model that enhances targeting confidence by identifying structural offsets and fault zones, which correlate with known uranium deposits [5]. - The results from the ANT survey have been instrumental in optimizing drill hole placement and testing high-priority conductive corridors [5]. Market Context - The timing of the Murphy Lake South drill program is strategic, as recent production cuts from major uranium producers like Cameco are expected to tighten uranium supply, emphasizing the need for new discoveries [2].