August 24, 2023 – Bedford Metals Inc. (TSX-V: BFM) (the “Company” or “Bedford”) is excited to announce the commencement of the planning stages for its upcoming work program on the Margurete Gold Project. The project is strategically located within the Phillips Arm gold camp in southwest 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 (g/t) gold at surface. These results have fueled 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 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.”

Upcoming 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 Peter 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 Metals Corp. is a mineral exploration company. We create value for our shareholders by identifying and developing highly prospective mineral exploration opportunities. Our strategy is to advance our 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 one-hundred percent interest in the Margurete Gold Project. The primary target at the Margurete Gold Project is the FB Zone, where Falconbridge encountered goldbearing 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.

For further information, contact the Company at [email protected] or 604-622-1199 or visit the Company’s website at www.bedfordmetalscorp.com.

On behalf of the Board,

Bedford Metals Corp.
“Peter Born”
Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.