Rio Grande Resources is a subsidiary of Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT), a leading North American uranium and lithium exploration company.
A New Listing on the CSE
Rio Grande Resources, a subsidiary of Foremost Clean Energy Ltd., has received the final approval to list its common shares on the Canadian Securities Exchange (CSE). This milestone marks an important step in the company’s journey to become a publicly traded entity.
Key Highlights
The Company’s Focus on Uranium and Lithium Exploration
Foremost Clean Energy Ltd. is a leading North American uranium and lithium exploration company.
Copper and gold deposits in southwestern US attract mining company’s focus.
The properties are located near the towns of Silver City and Hillsboro, and are close to the major highway and rail lines.
Overview of the Rio Grande Resources
Rio Grande Resources is a mining company that focuses on the exploration and development of copper and gold deposits in the southwestern United States.
Ore composition varies significantly between mines, with Little Granite showing the highest gold and silver values.
The samples from the other two mines returned peak values of 43.1 g/t gold and 1,440 g/T silver.
Table 1: Ore Characterization Samples Descriptions and Gold/Silver Values
| Sample ID | Sample Description | Gold Value (g/t) | Silver Value (g/T) | | — | — | — | — | | LG-001 | Little Granite | 66.5 | 2,940 | | LG-002 | Little Granite | 43.1 | 1,440 | | LG-003 | Granite | 32.5 | 1,200 | | LG-004 | Granite | 28.2 | 1,100 | | LG-005 | Granite | 22.1 | 900 | | LG-006 | Granite | 18.5 | 800 | | LG-007 | Granite | 15.6 | 700 | | LG-008 | Granite | 12.9 | 600 | | LG-009 | Granite | 10.5 | 500 | | LG-010 | Granite | 8.2 | 400 |
Introduction
The QP’s Ore Characterization Samples were collected to determine the gold and silver content of the ore from three mines. The samples were analyzed to confirm the results of property-wide confirmatory sampling completed in 2021. The goal of this exercise was to validate the findings and provide a more accurate representation of the ore’s composition.
Results
The results of the Ore Characterization Samples are presented in Table 1.
The Rio Grande Exploration Program: A New Era of Discovery
The Rio Grande Exploration Program is set to revolutionize the way the company approaches exploration in its New Mexico properties. With a focus on cutting-edge technology and a commitment to innovation, this program promises to unlock new discoveries and push the boundaries of what is thought possible.
Advanced Geophysical Techniques
At the heart of the Rio Grande Exploration Program is the use of advanced geophysical techniques. These cutting-edge methods will enable the company to gather detailed information about the subsurface geology of its properties. The program will employ high-resolution LiDAR (Light Detection and Ranging) and satellite imagery to create detailed 3D models of the terrain. High-resolution LiDAR will provide detailed topographic information, allowing the company to identify potential mineral deposits and understand the geological structure of the area. Satellite imagery will be used to gather data on the surface geology, including the distribution of rocks, minerals, and other geological features. The combination of LiDAR and satellite imagery will provide a comprehensive understanding of the subsurface geology, enabling the company to make more informed decisions about exploration and development.
Field Work in 2025
The initial phase of the Rio Grande Exploration Program will focus on field work in 2025. This will involve a combination of geological mapping, sampling, and drilling to gather data on the subsurface geology of the properties. Geological mapping will involve the collection of detailed geological data, including the identification of rock types, mineralization, and other geological features. Sampling will involve the collection of rock and soil samples for laboratory analysis, which will provide further information on the subsurface geology.
The company’s focus is on exploring and developing these properties to unlock the region’s vast uranium and lithium resources.
The Company’s Vision and Strategy
Foremost Clean Energy is driven by a clear vision to become a leading player in the North American uranium and lithium market. The company’s strategy is centered around identifying and acquiring high-potential exploration projects, leveraging its expertise in geology and exploration to unlock the region’s vast mineral resources.
Key Objectives
The Saskatchewan Uranium and Lithium Project
Foremost’s focus is on the Saskatchewan region, which is renowned for its rich uranium and lithium deposits.
Foremost Clean Energy Inc. Overview
Foremost Clean Energy Inc. is a publicly-listed company based in Vancouver, Canada, with a focus on developing and operating renewable energy projects. The company’s portfolio includes a range of clean energy assets, including wind, solar, and geothermal projects.
Key Projects and Locations
Foremost Clean Energy Inc. has a diverse portfolio of lithium projects across 55,000+ acres in Manitoba and Quebec. These projects are at varying stages of development, from exploration to commercialization. Some of the key lithium projects include:
Company Overview
Foremost Clean Energy Inc. is a publicly-listed company, listed on the Canadian Securities Exchange (CSE) under the ticker symbol FMST.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
