Baselode Ready to Start Drilling at Catharsis Uranium Project New video published detailing uranium targets planned for this drill program Multiple untested targets will be drilled with this program Drill and crews are on site, ready to start drilling
Baselode Ready to Start Drilling at Catharsis
Uranium Project
New video published detailing uranium targets planned for this drill program
Multiple untested targets will be drilled with this program
Drill and crews are on site, ready to start drilling
Toronto, Ontario--(Newsfile Corp. - February 15, 2024) - Baselode Energy Corp. (TSXV: FIND)
(OTCQB: BSENF) ("
Baselode
" or the "
Company
") is pleased to provide details outlining drill plans for
the Catharsis uranium project in northern Saskatchewan's Athabasca Basin area.
"We have completed extensive work to define Tier 1 target areas that share characteristics with other
world-class basement-hosted Athabasca uranium deposits, such as NexGen Energy Ltd. (TSX: NXE)
and Denison Mines Corp. (TSX: DML) Arrow and Gryphon deposits, respectively. The Catharsis drill
program is ready to start, and our focus is to fast-track discovery by drilling multiple target areas with
helicopter support," stated James Sykes, CEO, President, and Director of Baselode.
Please watch the Company's video (below) for more details about the drill program, including an
explanation of target areas, exploration methodologies, and an overview of the Catharsis project.
Catharsis 2024 Exploration Plans
Catharsis Drill Program Details
8 to 10 drill holes for 2,000 metres ("
m
") are planned within 4 to 5 different untested target areas (Figure
2). All support staff and equipment, such as diamond drill and helicopter, are on site and the program is
ready to start. The Company has received the necessary permits to complete the program.
The logistics support for a high-resolution airborne magnetic and radiometric survey is underway. The
survey is planned for over 10,000 line-km with flight lines 50 m apart.
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 - 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/6412/198010_figure1.jpg
FIGURE 2 - Catharsis project and 2024 diamond drilling target areas A to D (white circles)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/198010_figure2
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/198010