Foremost Clean Energy Ltd. (NASDAQ: FMST | CSE: FAT) has announced the commencement of its first diamond drill program at the Turkey Lake Uranium Project in northern Saskatchewan. The 1,000-metre program is designed to test approximately four target areas identified through integration of a January 2026 ground gravity survey with historical drilling and geophysical data. The announcement marks a meaningful operational milestone for the company's Athabasca Basin exploration portfolio, and investors may be watching for drill results as the program advances.

Key Points

  • Foremost Clean Energy Ltd. (NASDAQ: FMST | CSE: FAT) has mobilised crews for its inaugural drill program at Turkey Lake.
  • A 1,000-metre diamond drill program is planned to test approximately four priority target areas identified by the 2026 gravity survey.
  • The property hosts more than 10 kilometres of underexplored conductive strike length with shallow depths of less than 50 metres of sandstone cover to most targets.
  • Investors may be watching for assay and drill core results as the program progresses across Basin Edge and basement-hosted target zones.

Turkey Lake Property Location and Historical Uranium Intersections

Turkey Lake is situated along the northeastern margin of the Athabasca Basin, approximately 23 kilometres north of the McClean Lake Mill and 25 kilometres north of the Eagle Point Mine. Historical drilling at the property previously identified uranium mineralisation, including 0.16% U₃O₈ over 0.6 metres in hole TUR-4 immediately above the sub-Athabasca unconformity, and 0.12% U₃O₈ over 0.5 metres in hole TL-10-13. The company notes these results are derived from public assessment files and that the Qualified Person has not independently verified them; they should not be relied upon as indicative of grade or extent of mineralisation on the property.

How the 2026 Gravity Survey Shaped Turkey Lake Drill Targets

The ground gravity survey completed in January 2026 identified multiple gravity low anomalies interpreted as possible zones of hydrothermal alteration and potential fluid pathways. Several anomalies coincide with electromagnetic conductors and magnetic features, enabling the company to prioritise drill locations where multiple datasets converge. Targets have been grouped into Basin Edge Targets with potential for unconformity-hosted mineralisation, and BEX Targets outside the Basin representing basement-hosted mineralisation opportunities. Cameron MacKay, P.Geo., Vice President of Exploration, stated that the gravity survey helps distinguish targets along the long conductive corridor.

Shallow Cover Enables Efficient Multi-Target Testing at Turkey Lake

The property straddles the edge of the Athabasca Basin, where sandstone cover is less than 50 metres thick, placing the unconformity at relatively shallow depths. The release states that this shallow setting allows multiple targets to be tested with relatively few metres drilled, making the planned 1,000-metre program capable of evaluating approximately four distinct target areas. The company also highlights more than 10 kilometres of underexplored conductive strike length, suggesting scope for further exploration beyond the current program.