Baselode Hits More Shallow Radioactivity, Extends Uranium Mineralization Footprint at Hook High levels of radioactivity and multiple intersections of >10,000 cps in AK23-102 within 2,271 cps* over 16.0 m starting at 120 metres from surface
Baselode Hits More Shallow Radioactivity,
Extends Uranium Mineralization Footprint at
Hook
High levels of radioactivity and multiple intersections of >10,000 cps in AK23-102 within
2,271 cps* over 16.0 m starting at 120 metres from surface
ACKIO growth: AK23-102 extends mineralization in Pod 7 by 50 metres (~50% strike
length growth) with mineralization open along strike
Near Surface: Eight of nine holes with radioactivity starting within 100 m from surface
Toronto, Ontario--(Newsfile Corp. - August 8, 2023) - Baselode Energy Corp. (TSXV: FIND) (OTCQB:
BSENF) ("
Baselode
" or the "
Company
") is pleased to provide an update of the diamond drilling
program (the "
Program
") on the ACKIO high-grade uranium zone ("
ACKIO
") on the Hook project
("
Hook
" or the "
Project
") (see
Figures 1 to 3
and
Table 1
).
"We are impressed with these results that extend ACKIO's near-surface mineralization along with higher
levels of radioactivity. Pod 7 has grown along strike and at depth with higher radioactivity.
In particular,
hole AK23-102 has some of the highest radioactivity encountered at ACKIO, and mineralization remains
open along strike," said James Sykes, CEO, President and Director of Baselode.
ACKIO Drill Program Update
24 drill holes (AK23-081 to AK23-104) in 4,875 metres ("
m
") have been completed at ACKIO to date
(
Figure 1
,
Table 1
). The Program continues to drill but has now shifted to near-ACKIO reconnaissance
exploration drilling while ACKIO is remodeled with new results.
Four of the reported drill holes (AK23-096, AK23-098, AK23-099, and AK23-102) have over 15 m of
composite radioactivity occurring within Pods 1 and 7. In particular, drill holes AK23-098, AK23-099 and
AK23-102 have expanded mineralization modeled previously in Pod 7 by at least 50 m to the north and
at depth (
Figure 2
).
Eight of nine reported drill holes (excluding AK23-100) all had mineralization starting shallower than 100
m from surface, with three drill holes intersecting mineralization shallower than 50 m from surface (AK23-
096, AK23-098, and AK23-104).
Mineralization in AK23-098 starts immediately at the overburden base,
expanding the near-surface mineralization footprint in Pod 1.
High levels of radioactivity (>5,000 cps*) were reported in drill holes AK23-096, AK23-099, and AK23-
102 confirming multiple lenses of higher concentrations of uranium mineralization are present within
multiple Pods at ACKIO (
Figure 3
).
Drill hole AK23-102 expanded high levels of radioactivity by 50 m to
the north of Pod 7 and remains open along strike (
Figures 1 and 2
).
ACKIO/Hook 2023 Summer Drill Program Details
The ACKIO delineation and expansion part of the Program focuses on the shallowest and/or the highest-
grade uranium intersections defined in last years 22,500 metre drill campaign. Drill collars have been
planned to optimize the allocated metres by intersecting multiple zones of mineralization from the same
setups and limiting drill holes to specific stopping depths.
NOTES:
1
.
cps* = "counts-per-second", as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer.
The reader is cautioned that
Baselode uses scintillometer readings as a preliminary indication of the presence of radioactive materials (uranium, thorium and/or
potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples
measured.
2
.
The Company considers all RS-125 readings greater than 300 cps to be considered elevated radioactivity, with background radioactivity
measuring between 50 to 100 cps.
3
.
"continuous composite elevated radioactivity" means the sum of drill core length with greater than or equal to 300 cps with a maximum 2.0 m
of consecutive drill hole length measuring less than 300 cps as dilution.
4
.
All reported drill hole intervals are drill core lengths and do not represent true thicknesses which have yet to be determined.
About Baselode Energy Corp.
Baselode controls 100% of approximately 264,172 hectares for exploration in the Athabasca Basin
area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying
royalties.
The Company discovered the ACKIO near-surface, high-grade uranium deposit in September 2021.
ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 11
separate zones, with mineralization starting as shallow as 28 m beneath the surface and down to
approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120
m. ACKIO remains open to the west, north, south, and along the Athabasca sandstone unconformity to
the east and south.
Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted,
high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further
complemented by the Company's preferred use of innovative and well-understood geophysical methods
to map deep structural controls to identify shallow targets for diamond drilling.
QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron
MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is
considered to be a
Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure
for Mineral Projects."
For further information, please contact:
Baselode Energy Corp.
FIND on the TSXV
www.baselode.com
James Sykes, CEO, President and Director
306-221-8717
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX
Venture Exchange policies) 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 the Company's filings 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.
FIGURE 1 - Surface projections of modeled ACKIO uranium mineralization
To view an enhanced version of this graphic, please visit:
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FIGURE 2 - Cross-Section with Drill Holes AK23-102 to AK23-104
To view an enhanced version of this graphic, please visit:
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FIGURE 3 - Cross-Section with Drill Holes AK23-095 & AK23-096
To view an enhanced version of this graphic, please visit:
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TABLE 1 – Drill collar details and continuous composite elevated radioactivity results from drill holes
AK23-096 to AK23-104
DDH
Target
Area
Location
East
North
Elevation
Az.
Dip
EOH
Radioactivity (>300 cps)
Assay Results (>0.05 wt%
U
3
O
8
)
AK23-96
ACKIO
Pod 1 - Centre
526119
6372952
464
273
-67
210
788 cps over 24.55 m at 54.0 m
1
Assay results pending
includes
5,500 cps over 0.05 m at 62.35
m
Assay results pending
500 cps over 0.15 m at 84.5 m
Assay results pending
316 cps over 0.5 m at 87.0 m
Assay results pending
300 cps over 0.1 m at 88.0 m
Assay results pending
300 cps over 0.4 m at 91.1 m
Assay results pending
1,031 cps over 3.0 m at 93.35 m
2
Assay results pending
Pod 7 - Centre
485 cps over 6.85 m at 153.1 m
Assay results pending
441 cps over 2.75 m at 162.0 m
Assay results pending
2,680 cps over 0.6 m at 167.75 m
Assay results pending
includes
7,822 cps over 0.2 m at 167.8 m
Assay results pending
1,008 cps over 2.5 m at 170.6 m
Assay results pending
includes
7,850 cps over 0.05 m at 173.0
m
Assay results pending
886 cps over 2.4 m at 179.6 m
Assay results pending
includes
7,500 cps over 0.05 m at 179.7
m
Assay results pending
and
includes
9,000 cps over 0.1 m at 179.85
m
Assay results pending
386 cps over 0.8 m at 184.65 m
Assay results pending
AK23-97
ACKIO
Pods 1 and 2 -
Edge
526119
6372952
464
272
-80
141
310 cps over 0.25 m at 101.5 m
Assay results pending
315 cps over 0.2 m at 102.4 m
Assay results pending
300 cps over 0.3 m at 109.5 m
Assay results pending
350 cps over 0.25 m at 111.25 m
Assay results pending
AK23-98
ACKIO
Pod 1 - Centre
526100
6373006
465
270
-50
164
500 cps over 0.25 m at 46.2 m
Assay results pending
491 cps over 0.55 m at 51.5 m
Assay results pending
511 cps over 10.7 m at 55.3 m
Assay results pending
426 cps over 0.75 m at 83.25 m
Assay results pending
350 cps over 0.15 m at 97.05 m
Assay results pending
330 cps over 0.15 m at 104.55 m
Assay results pending
370 cps over 0.15 m at 114.4 m
Assay results pending
502 cps over 0.5 m at 118.6 m
Assay results pending
Pod 7 - Edge
355 cps over 1.4 m at 125.6 m
Assay results pending
453 cps over 13.05 m at 131.75
m
Assay results pending
AK23-99
ACKIO
Pod 1 - Centre
526100
6373006
465
271
-68
201
643 cps over 14.9 m at 71.05 m
Assay results pending
includes
6,500 cps over 0.1 m at 81.9 m
Assay results pending
350 cps over 0.1 m at 120.65 m
Assay results pending
501 cps over 0.2 m at 126.5 m
Assay results pending
350 cps over 0.25 m at 156.45 m
Assay results pending
Pod 7 - Edge
530 cps over 3.05 m at 160.65 m
Assay results pending
350 cps over 0.2 m at 174.05 m
Assay results pending
AK23-
100
ACKIO
Pod 2 - Edge
526078
6372984
464
81
-59
177
488 cps over 4.9 m at 131.5 m
Assay results pending
AK23-
101
ACKIO
526078
6372984
464
103
-60
171
300 cps over 0.15 m at 113.65 m
Assay results pending
Pod 2 - Centre
548 cps over 3.7 m at 118.9 m
Assay results pending
350 cps over 0.65 m at 137.35 m
Assay results pending
300 cps over 0.2 m at 139.8 m
Assay results pending
365 cps over 0.5 m at 142.25 m
Assay results pending
519 cps over 5.1 m at 151.6 m
Assay results pending
AK23-
102
ACKIO
Pod 1 - Edge
526093
6373050
462
270
-50
210
350 cps over 0.25 m at 84.15 m
Assay results pending
300 cps over 0.1 m at 109.05 m
Assay results pending
300 cps over 0.15 m at 123.6 m
Assay results pending
450 cps over 0.2 m at 124.8 m
Assay results pending
350 cps over 0.2 m at 127.05 m
Assay results pending
400 cps over 0.2 m at 128.0 m
Assay results pending
Pod 7 - Expansion
2,271 cps over 16.0 m at 155.85
m
Assay results pending
includes
6,000 cps over 0.2 m at 160.4 m
Assay results pending
and
includes
14,000 cps over 0.1 m at 161.05
m
Assay results pending
and
includes
13,000 cps over 0.1 m at 161.9
m
Assay results pending
and
includes
6,700 cps over 0.1 m at 162.45
m
Assay results pending
and
includes
5,446 cps over 3.55 m at 164.7
m
Assay results pending
AK23-
103
ACKIO
Pod 1 - Edge
526093
6373050
462
270
-57
204
330 cps over 0.15 m at 107.2 m
Assay results pending
300 cps over 0.15 m at 120.55 m
Assay results pending
327 cps over 0.25 m at 142.15 m
Assay results pending
Pod 7 - Expansion
310 cps over 0.15 m at 154.5 m
Assay results pending
400 cps over 0.4 m at 156.9 m
Assay results pending
370 cps over 0.3 m at 158.0 m
Assay results pending
300 cps over 0.25 m at 164.65 m
Assay results pending
730 cps over 0.25 m at 177.55 m
Assay results pending
AK23-
104
ACKIO
Pod 1 - Edge
526093
6373050
462
270
-45
183
452 cps over 3.35 m at 63.95 m
Assay results pending
450 cps over 0.1 m at 69.35 m
Assay results pending
320 cps over 0.5 m at 82.1 m
Assay results pending
320 cps over 0.25 m at 87.55 m
Assay results pending
Pod 7 - Expansion
500 cps over 0.15 m at 142.45 m
Assay results pending
9 DDH
1,661
9 DDH
0 DDH
NOTES: East and North units are metres using NAD83 datum, UTM Zone 13N
Elevation is recorded as "metres above sea level"
Az. = Azimuth, EOH = End of hole (measured in metres)
Composite radioactivity results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution
"
includes
", "
and includes
" are composite radioactivity results using 5,000 cps cut-off and do not contain greater than 2.0 m consecutive
dilution
1 - includes 1.5 m lost core over interval length
2 - includes 0.4 m lost core over interval length
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