Baselode Begins Mobile MT Airborne Survey on its Shadow Uranium Project
Baselode Begins Mobile MT Airborne Survey
on its Shadow Uranium Project
TORONTO
,
Aug. 10, 2020
/CNW/ - Baselode Energy Corp. ("
Baselode
" or the "
Company
") (TSXV:
FIND) is pleased to announce that it has engaged Expert Geophysics Ltd. to complete a 2,600 line-
kilometre mobile magnetotellurics ('
Mobile MT
') heli-borne survey. This survey will cover the entirety
of Baselode's Shadow property of over 420 square kilometres in the
Athabasca
Basin region. The
survey is expected to begin
August 10, 2020
.
Why is Baselode using Mobile MT?
Mobile MT is a cutting-edge geophysical technology which allows for the identification of geologic
structures, alteration halos, contrasting lithologies and even certain types of mineralization from near
surface to deeper than 1 km from surface.
Baselode is using Mobile MT to identify deep and shallow structures related to the Virgin River
Shear Zone ("VRSZ"), one of the most prominent structural corridors in northern
Saskatchewan
. The
VRSZ is the boundary between two tectonic domains and its hydrothermal 'plumbing' system can run
deep. These deep-rooted structural systems allow for significant fluid migration which can lead to
the formation of high-grade uranium deposits.
Four uranium deposits north of the Shadow property have previously been discovered along a 250-
km strike extension of the VRSZ, proving the VRSZ is a fertile structural corridor for uranium
mineralization. The Shadow property straddles the VRSZ over a 60 km-long strike length that has
never been explored for any mineral commodity.
What is Mobile MT?
Stationary Magnetotellurics (MT) is a long-established electromagnetic geophysical method which
provides accurate sub-surface data for reliable geological interpretations. MT measures the earths'
subsurface electrical conductivity using the natural geomagnetic and geoelectric field variations in the
earth. MT utilizes the electrical fields generated by lightning discharges from thunderstorms that
propagate through the sub-surface. MT is akin to conventional resistivity and electromagnetic
surveys but incorporates magnetic fields to further help determine electrical heterogeneities between
the earth and the audio frequencies. This technology has proven superior for identifying geological
features of interest rather than conventional electromagnetic methods.
Magnetotellurics has successfully mapped graphitic conductors and alteration plumes related to
mineralization at the McArthur River (Cameco) and
Shea Creek
(Orano/UEX) uranium deposits.
Mobile MT remains at the forefront of emerging exploration geophysical technologies. The "mobile"
aspect of magnetotellurics, with data acquisition being possible with helicopter support, is a
development which is proving to be a significant evolutionary shift in airborne geophysical
methodologies.
Next Steps are Survey Results
Preliminary results will be made available on an on-going basis. Anomalous areas identified by the
preliminary survey results will be followed-up via on-ground exploration, mapping and sample
collection to delineate high-quality drill target areas.
About the Shadow Property
Shadow encompasses ~42,000 hectares along the basement rocks of the Virgin River Shear Zone
south of the
Athabasca
Basin. Shadow exhibits similar structural and geophysical features
recognized in other
Athabasca
high-grade uranium deposits, including a major, deep-rooted,
structural corridor along a preferred regional orientation. At the confluence of the main structure and
cross-cutting structures is where the rocks tend to break open to create dilation zones, which could
promote uranium-rich fluids to migrate to these locations (i.e., traps). Shadow's upcoming
exploration programs will target these areas.
View Mobile MT Survey Flight Lines on Shadow Property
Map of Baselode's Shadow Property
Regional Map of Baselode's Properties
QP Statement
The technical information contained in this news release has been reviewed and approved by
Charles Beaudry
, P.Geo and géo., Director of Baselode Energy Corp., who is a Qualified Person as
defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
About Baselode Energy
Baselode currently controls 100% rights to surface exploration on 71,821 hectares in the
Athabasca
Basin area, northern
Saskatchewan, Canada
. Baselode is a uranium exploration company with less
than 29 million shares outstanding and only 9.8 million shares in the float.
Baselode's
Athabasca
2.0 exploration thesis is focused on discovering near-surface, basement-
hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is
further complimented by the Company's preferred use of innovative and well-understood geophysical
methods to map deep structural controls in order to identify shallow targets for diamond-drilling.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Certain information in this press release may contain forward-looking statements. This information
is based on current expectations that are subject to significant risks and uncertainties that are
difficult to predict. Actual results might differ materially from results suggested in any forward-
looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those reflected in the
forward looking-statements unless and until required by securities laws applicable to Baselode
Energy Corp. Additional information identifying risks and uncertainties is contained in filings by the
Company with Canadian securities regulators, which filings are available under Baselode Energy
Corp. profile at
www.sedar.com
.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in
the United States
. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within
the United States
or to, or for the account or benefit of,
U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws,
unless an exemption from such registration is available.
SOURCE
Baselode Energy
View original content:
http://www.newswire.ca/en/releases/archive/August2020/10/c5860.html
%SEDAR: 00044947E
For further information:
Baselode Energy Corp., FIND on the TSXV, James Sykes, CEO and
President, [email protected], 306-221-8717, www.baselode.com
CO: Baselode Energy
CNW 07:00e 10-AUG-20