Baselode Receives Drilling Permits for its Shadow Uranium Project
Baselode Receives Drilling Permits for its
Shadow Uranium Project
TORONTO
,
Dec. 13, 2021
/CNW/ - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)
("
Baselode
" or the "
Company
") is pleased to announce that it has received Exploration Work
Authorization diamond drilling permits from
Saskatchewan's
Ministry of Environment (the "
Ministry
")
for its 100% owned Shadow Uranium project ("
Shadow
") in the
Athabasca
Basin area.
Baselode is encouraged by the Ministry's decision to approve the diamond drilling exploration
permits as a result of the Company openly accommodating additional exploration conditions during
the extended duty to consult process. Shadow was the first project staked by the Company as it
believes the project area meets all of the criteria for hosting near-surface, basement-hosted, high-
grade uranium deposits. Baselode continues dialogue with the impacted Indigenous communities to
ensure that mutually agreeable solutions and benefits with minimal disturbances to Indigenous Lands
and Rights are addressed for the planned exploration activities within the Shadow project area..
The Company will continue to update regarding consultation progress with the Indigenous
communities as more information becomes available.
About Baselode Energy Corp.
Baselode currently 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 is focused on discovering near-surface, basement-
hosted, high-grade uranium orebodies outside of 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.
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.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.
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http://www.newswire.ca/en/releases/archive/December2021/13/c6678.html
%SEDAR: 00044947E
For further information:
Baselode Energy Corp., FIND on the TSXV, James Sykes, President and
CEO, [email protected], 306-221-8717
CO: Baselode Energy Corp.
CNW 06:00e 13-DEC-21