Baselode Provides Interpretations of the Recently Released Uranium Assay Results
Baselode Provides Interpretations of the
Recently Released Uranium Assay Results
TORONTO
,
Sept. 26, 2022
/CNW/ - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)
("
Baselode
" or the "
Company
") is pleased to provide a video presentation that details geologic
interpretations of the recently released uranium assay results (see News Releases dated
September 12
and
September 20, 2022
) from the ACKIO high-grade uranium discovery ("
ACKIO
"),
Hook project,
Athabasca
Basin area (the "
Athabasca
"), northern
Saskatchewan
.
The video provides new geological cross-sections from ACKIO which detail the structures, folds and
lithological boundaries that are believed to control mineralization, including potential cross-structures
and a SW trending lithological contact that have yet to be tested with diamond drills. The video also
provides more context regarding the exploration holes drilled furthest to the southeast on ACKIO and
supports the potential for mineralization to still be open in this direction.
VIEW BASELODE'S VIDEO UPDATE
About ACKIO
ACKIO measures greater than
375 m
along strike, greater than
150 m
wide, comprised of at least 5
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
200 m
. ACKIO remains open to the west, south, and along the
Athabasca
sandstone unconformity
to the east and south.
ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and
powerline between Cameco Corp.'s (TSX: CCO) and Orano's
McArthur River
mine and Key Lake
uranium mill joint ventures. ACKIO is 70 km northeast of the Key Lake mill. The Program was
helicopter-supported to lessen any ground-induced environmental impacts within the project area.
About Baselode Energy Corp.
Baselode controls 100% of approximately 227,000 hectares for exploration in the
Athabasca
Basin
area, northern
Saskatchewan, Canada
. The land package is free of any option agreements or
underlying royalties.
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."
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.
SOURCE
Baselode Energy Corp.
View original content:
http://www.newswire.ca/en/releases/archive/September2022/26/c8987.html
%SEDAR: 00044947E
For further information:
Baselode Energy Corp., FIND on the TSXV, [email protected],
www.baselode.com; James Sykes, CEO, President and Director, [email protected], 306-221-
8717
CO: Baselode Energy Corp.
CNW 11:45e 26-SEP-22