Foremost Clean Energy to Begin Drilling for Uranium at Murphy Lake South This Month

Foremost Clean Energy (NASDAQ:FMST) is one of the best-performing NASDAQ stocks according to analysts. On July 2, Foremost Clean Energy Ltd. announced that drilling is scheduled to commence later this month at its Murphy Lake South Uranium Property. The property is located in the Athabasca Basin region of northern Saskatchewan, which is the focus of a fully permitted and funded first phase of a multi-phase drilling program.

The objective is to test high-priority structural corridors situated adjacent to the LaRocque Lake Conductive Corridor, which is known to host IsoEnergy’s high-grade Hurricane Deposit. The Murphy Lake South Property spans 17,676 acres and is situated approximately 30 kilometers northwest of the McClean Lake mill.

A worker in a safety helmet gazing over a graphite exploration site in the Matawinie Property.

The initial Phase 1 drilling program is expected to involve ~1,500 meters of diamond drilling. The drilling will concentrate on graphitic faults and offset structures identified through previous geophysics and geological interpretations.

Foremost Clean Energy (NASDAQ:FMST) is an exploration-stage company that explores and develops uranium and lithium assets in North America.

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Disclosure: None. This article is originally published at Insider Monkey.