Baselode Mobilizes for Hook's 16,000 Metre Drill Program Drill mobilization and camp construction near completion for ACKIO and Hook Ground ANT and gravity surveys complete over ACKIO and regional targets at Hook Bear drill program is complete, with results to be released when assays received
Baselode Mobilizes for Hook's 16,000 Metre
Drill Program
Drill mobilization and camp construction near completion for ACKIO and Hook
Ground ANT and gravity surveys complete over ACKIO and regional targets at Hook
Bear drill program is complete, with results to be released when assays received
Toronto, Ontario--(Newsfile Corp. - June 3, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB:
BSENF) ("
Baselode
" or the "
Company
") is pleased to provide updates for its ACKIO/Hook ("
ACKIO,
Hook
") and Bear ("
Bear
") uranium projects in the Athabasca Basin area of northern Saskatchewan
(Figure 1).
"We look forward to exploring the ACKIO discovery and its surroundings on the Hook project this year.
New targets include multi-layered geophysical and geological features along strike to the southeast and
at depth beneath ACKIO. Additionally, drill hole data suggests the mineralization fluid system is open in
both directions. Our regional exploration targets are reinforced with recent ground gravity and ambient
noise tomography ("
ANT
") geophysical surveys over corridors of interest previously identified on the
Hook project. We're eager to explore the Hook project," commented James Sykes, CEO, President, and
Director of Baselode.
ACKIO Program Details
Up to 12,000 metres of drilling is planned at ACKIO (Figure 2), subject to drill results, targeting
i
.
the southeast zone, where geophysical survey results suggest the alteration and structural system
trend east/southeast-west/northwest,
ii
.
unconformity-style mineralization along the Athabasca sandstone structural contact to the
southeast, and;
iii
.
the depth of mineralized structures based on geochemical trends and alteration pathways.
The field crew is on-site, completing camp preparations. The drill crew has mobilized equipment, with
drilling expected to begin within one to two weeks.
Hook Program Details
The regional Hook exploration drill program is planned for up to 4,000 metres with 15 to 20 drill holes
targeting 5 to 7 different areas. The target areas are currently being generated and will test combinations
of recent results from ground gravity and ANT geophysical surveys (Figure 3). The program is scheduled
to start near the end of June. Once the drill has completed Hook exploration drilling, it will join the ACKIO
program to complete drilling there.
Both ACKIO and Hook programs are helicopter-supported, which allows expedient drill targeting and
lessens any ground impacts on the environment. The Company has received the necessary permits to
complete both programs.
Bear Program Details
"We are also excited to announce the completion of our inaugural drill program at Bear. This program
tested three target areas with ten drill holes for over 2,170 metres. Baselode intersected 15 to 45 metre
thick intervals of encouraging clay and redox hydrothermal alteration styles within zones of structural
disruption in six of the ten drill holes in two target areas. Full detailed results for Bear will be made
available after all of the assays have been received and interpreted by the Company," stated James
Sykes, CEO, President, and Director of Baselode.
About Baselode Energy Corp.
Baselode controls 100% of approximately 272,804 hectares for exploration in the Athabasca Basin area
of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying
royalties.
The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO
measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate
uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1
and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of
mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and
east.
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:
James Sykes, CEO, President and Director
Baselode Energy Corp.
306-221-8717
www.baselode.com
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.sedarplus.ca
.
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 - Baselode projects location map. ACKIO uranium prospect identified with yellow
circle.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/211421_578ac92234dffb30_007full.jpg
FIGURE 2 - ACKIO compilation map
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https://images.newsfilecorp.com/files/6412/211421_578ac92234dffb30_010full.jpg
FIGURE 3 - Hook project compilation map
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https://images.newsfilecorp.com/files/6412/211421_578ac92234dffb30_011full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/211421