Baselode Provides 2024 Exploration Plans for Athabasca Basin Area Uranium Projects $12,000,000 for uranium delineation and exploration committed for 2024 Four drill programs planned across Baselode's Uranium Project Portfolio
Baselode Provides 2024 Exploration Plans for
Athabasca Basin Area Uranium Projects
$12,000,000 for uranium delineation and exploration committed for 2024
Four drill programs planned across Baselode's Uranium Project Portfolio
The first drill program is scheduled to begin in 2 weeks
Toronto, Ontario--(Newsfile Corp. - January 29, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB:
BSENF) ("
Baselode
" or the "
Company
") is pleased to provide the 2024 exploration plans for the
Company's Bear, Catharsis & Hook uranium projects in northern Saskatchewan's Athabasca Basin area
(the "
Basin
").
"We are fully financed for the Company's largest exploration programs on our Bear, Catharsis, and Hook
projects. Our strategy entails a substantial allocation of resources toward discovering new deposits
within our 264,000-hectare package. Our team has spent months of preparation to hone in on promising
exploration targets with significant potential for discovery. Additionally, we will be expanding the ACKIO
discovery near-surface zones. For the first time, we'll also target ACKIO at depth, utilizing cutting-edge
ANT technology that could give this project a whole new dimension. We are excited for an aggressive
exploration program with the drills starting in a matter of weeks," stated James Sykes, CEO, President,
and Director of Baselode.
For more details on the Company's 2024 drill programs and geophysical targets, please watch this
video:
Baselode's 2024 Exploration Plans
Catharsis Drill Program Details
8 to 10 drill holes for 2,000 metres ("
m
") are planned for 5 different untested target areas. The program
is scheduled to start Mid-February. A 10,000 line km high-resolution airborne magnetics and
radiometrics survey is planned concurrently with the drill program. The Company has received the
necessary permits to complete the program and base camp of operations is currently being installed.
Bear Drill Program Details
6 to 8 drill holes for 1,500 m are planned for 1 to 2 untested target areas. The program is scheduled to
start in May. A 2,000 line km gravity and magnetics airborne survey is planned for later in the year.
Exploration permits are pending but expected shortly.
ACKIO (Hook) Drill Program Details
35 to 50 drill holes for 12,000 m are planned for delineation and exploration along strike and depth of the
ACKIO mineralized structure. The program is scheduled to start early June. In May, the Company will
deploy "Exosphere By Fleet®", an innovative high-resolution ground-based, satellite-connected ambient
noise tomography ("
ANT
") survey.
The survey will be completed over ACKIO and interpreted prior to
diamond drilling. The Company has received the necessary permits to complete the program.
Hook Drill Program Details
16 to 20 drill holes for 4,000 m are planned for five different untested target areas outside of 1 km radius
from ACKIO. The program is scheduled to start mid-June. The Company has received the necessary
permits to complete the program.
About Baselode Energy Corp.
Baselode controls 100% of approximately 264,172 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 - Bear, Catharsis, Hook & Shadow projects location map. ACKIO uranium prospect
identified by yellow circle.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/195968_baselodefigure1.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/195968