Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) has announced the successful completion of its 2026 drill program at the Hatchet Lake South Uranium Project in Saskatchewan's eastern Athabasca Basin. The program expanded the Tuning Fork Uranium Zone, first identified in discovery hole TF-25-16, which returned 6.2 metres of 0.10% U₃O₈.
Uranium mineralization was intersected in six drillholes across four of five drill fences, including a high-grade interval of 1.0% eU₃O₈ over 1.4 metres in hole TF-26-30. The final drill fence returned a new intercept in hole TF-26-36, extending the northern extent of mineralization by approximately 100 metres. The Tuning Fork Uranium Zone remains open to the south, with about 600 metres of underexplored strike length.
Key Highlights
- Hole TF-26-36 intersected 0.18% eU₃O₈ over 2.9 metres from 138.0 metres depth.
- Six drillholes returned mineralization exceeding 0.05% eU₃O₈.
- Approximately 600 metres of conductive trend remains open for follow-up drilling to the south.
Jason Barnard, Foremost's President and CEO, stated: "The 2026 drill program at Hatchet Lake South successfully expanded the Tuning Fork Uranium Zone and demonstrated encouraging continuity of mineralization along a conductive trend that remains underexplored to the south. Results support the broader potential of the Tuning Fork system and provide a strong foundation for follow-up drilling."
The program consisted of 19 diamond drill holes totaling 3,848 metres, designed to systematically evaluate the Tuning Fork Uranium Zone. Outside mineralized intervals, drilling consistently encountered elevated radioactivity, hydrothermal alteration, and structural disruption at the Athabasca unconformity across the broader structural corridor.
Foremost's success at Hatchet Lake underscores the value of its strategic collaboration with Denison Mines Corp. (NYSE American: DNN, TSX: DML). With the Hatchet Lake South program complete, the company is set to commence drilling at the Richardson SE target on Hatchet Lake North, where integrated geophysical indicators suggest strong potential for additional uranium discoveries.
