Foremost Clean Energy Ltd. released the final assay results from its 2025 diamond drill program at the 100‑percent owned Jean Lake Gold‑Lithium Property in Manitoba. The 15‑hole campaign, covering 2,266 m, produced several high‑grade near‑surface intercepts, including 9.4 g/t Au over 2.2 m at 48.0 m and 6.2 g/t Au over 2.6 m at 52.5 m, with peak grades exceeding 30 g/t in short intervals.
The results confirm that gold mineralization extends along the Valkyrie Trend for roughly 600 m of strike length, expanding the previously identified corridor and reinforcing the interpretation of a robust shear‑zone gold system. The intercepts are hosted in a steeply dipping quartz‑veined shear zone and the system remains open both along strike and at depth.
Jason Barnard, President and CEO, said, “These final results complete a successful 2025 drill campaign and significantly advance our understanding of the Jean Lake property. What began as a high‑grade discovery in 2023 has now evolved into a ~600‑metre mineralized gold corridor along the Valkyrie Trend.” He added, “We are increasingly encouraged by what we are seeing at Jean Lake. Each stage of drilling, first in 2023 and now through the initial holes of the 2025 program, continues to confirm a shallow, high‑grade gold system along the Valkyrie Trend. The consistency of the mineralization near surface is exactly what we hoped to see at this early stage.”
While the exploration results are encouraging, Foremost has disclosed material uncertainties that raise doubt about its ability to continue as a going concern. The company cites accumulated deficits, lack of operating revenue, and reliance on future equity and debt financing as key risks that could impact its financial stability.
Foremost plans a focused follow‑up program of step‑out and infill drilling to test extensions beyond the current limits and to target higher‑grade zones within the corridor. The company also indicated that it will continue to evaluate structural controls and lithological influences to refine future drill targeting, and that a $9.0 million exploration program for 2026 will include work on its Athabasca Basin uranium portfolio as well as lithium and gold assets.
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