Baselode Reports Eighteen Drill Holes with Near-Surface Radioactivity on its ACKIO Uranium Prospect Eighteen drill holes encountered anomalous radioactivity starting at depths of less than 100 metres from surface, with nine of these starting within 50 metres
Baselode Reports Eighteen Drill Holes with
Near-Surface Radioactivity on its ACKIO
Uranium Prospect
Eighteen drill holes encountered anomalous radioactivity starting at depths of less than
100 metres from surface, with nine of these starting within 50 metres
Highlight drill hole AK24-137 intersected four separate zones of radioactivity with greater
than 5,000 counts per second ("cps")
Seven drill holes intersected radioactivity with greater than 5,000 cps
Thirteen drill holes reported composite intervals of anomalous radioactivity between 11
and 42 metres in thickness, spanning five distinct areas
Toronto, Ontario--(Newsfile Corp. - September 16, 2024) - Baselode Energy Corp. (TSXV: FIND)
(OTCQB: BSENF) ("
Baselode
" or the "
Company
") is pleased to provide radioactivity drilling results
from the ACKIO uranium prospect ("
ACKIO
") in the Athabasca Basin area of northern Saskatchewan
(
Figure 1
,
Table 1
).
"ACKIO continues to demonstrate significant growth, with broad intersections of anomalous radioactivity,
including zones of high radioactivity across multiple Pods. Overall, this has been a successful drill
program, expanding the footprint of known near-surface mineralization around Pods 1 and 7, intersecting
new zones of higher radioactivity in Pods 6 and 7, and improving our confidence in the continuity of
mineralization at ACKIO as a whole," commented James Sykes, CEO, President, and Director of
Baselode.
ACKIO Drill Hole Details
(
Figure 2
)
Pod 1
(
Figure 3
)
Drill holes AK24-134 to AK24-137 were collared along the western margin of Pod 1 with the specific
focus of intersecting mineralization in Pod 7. Drill holes AK24-134 and AK24-137
intersected near-
surface anomalous radioactivity (i.e., greater than 300 cps) outside of the modeled extents of Pod 1,
expanding the near-surface radioactive footprint of Pod 1 in the southwest. Radioactivity in these drill
holes started at shallow depths, between 32 and 42 metres beneath the surface.
Drill holes AK24-143 and AK24-144 were collared to pierce the northern extents of Pod 1 while
continuing to depth and investigating the northwest strike extension of Pod 7.
These drill holes both
intersected greater than 10 metres of continuous anomalous radioactivity, confirming the thickness of
Pod 1 mineralization to the north., Both drill holes intersected anomalous radioactivity starting as shallow
as 36 and 38 metres from surface, respectively.
Pod 6
(
Figure 3
)
Drill holes AK24-117 to AK24-119, previously released on
July 2, 2024
, intersected thick, continuous,
and exceptional radioactivity results within the centre and near the modelled edges of Pod 6
mineralization. These results have increased the size of Pod 6 and will help improve our understanding
of Pod 6, which until now had four drill holes from previous years defining its extents. Drill holes AK24-
118 and AK24-119 have intersected the best radioactivity results from all Pod 6 drill holes. The main
zones of mineralization were intersected between 124 and 141 metres beneath the surface.
Pod 7
(
Figure 3
)
Previous drilling in 2023 had doubled the width of the Pod 7 mineralization envelope. Drill holes AK24-
134 to AK24-139 were designed to improve our understanding of the mineralization potential that exists
at Pod 7. These drill holes intersected between 12 and 39 metres thick composite anomalous
radioactivity, and all drill holes (excluding AK24-139) returned intervals with elevated radioactivity (i.e.,
greater than 5,000 cps), spanning a strike length of approximately 85 metres. In particular, AK24-137
intersected three separate zones of continuous anomalous radioactivity ranging from 1.5 to 13.3 metres
thick, each of which intersected radioactivity levels ranging from 5,000 to 10,000 cps. The radioactivity
results for AK24-135B, AK24-137 and AK24-138 rank them as the best for Pod 7. The start of
radioactivity in these holes were intersected between 44 and 90 metres below the surface.
Pod 8
The mineralization extents of Pod 8 were defined with only three drill holes from previous years. Drill
holes AK24-131 to AK24-133 were designed to improve our understanding of this Pod. AK24-133
successfully intersected 11 metres of anomalous radioactivity, confirming continuity of mineralization
within the centre of Pod 8. Mineralization starts as shallow as 97 metres beneath the surface.
Pod 9
Similar to Pod 8, Pod 9 was defined with only three drill holes from previous years. Pod 9 is the deepest
modeled Pod of mineralization at ACKIO. Drill holes AK24-140 to AK24-142 were not successful
identifying mineralization in Pod 9, however, each drill hole identified previously unknown radioactivity at
shallow depths, ranging from 66 to 89 metres beneath the surface, respectfully. The Company believes
the shallow radioactivity from these drill holes is an extension of Pod 1 mineralization.
ACKIO Exploration Drill Hole Details
Exploration drilling within the immediate ACKIO area (i.e., within 200 m of ACKIO mineralization) was
designed to test for additional mineralization; 1) at depth, 2) along strike to the northwest and southest,
and 3) at the unconformity.
Depth Exploration
Drill holes AK24-120 to AK24-122 were designed to test the deeper structural controls of mineralization
at ACKIO, targeting areas with a combination of uranium and alteration projected from previous years
drill holes. Although each drill hole did not intersect anomalous radioactivity, it is noted that drill hole
AK24-121 did intersect above-background levels of radioactivity and significantly thick hematite-clay
hydrothermal alteration zones underneath ACKIO, suggesting the uranium-fertile hydrothermal fluid
system remains open at depth.
Along Strike Exploration
Drill holes AK24-128, AK24-143 and AK24-144 were designed to test for mineralization continuity at
depth in the northwest strike direction of Pod 7. Although the drill holes did not intersect their intended
targets, they did define new occurrences of radioactivity starting at shallow depths ranging from 36 to 41
metres beneath the surface.
Drill holes AK24-123 and AK24-130 were designed to test for mineralization continuity in the southeast
strike direction of ACKIO, following up results from previous years of drilling that suggested the
mineralization and alteration system could be open in that direction. These drill holes did not intersect
alteration systems of interest.
Unconformity Exploration
Drill holes AK24-124 to AK24-127 were designed to test for the potential of unconformity mineralization
along structures penetrating the sandstone to the east of ACKIO. These drill holes are the eastern-most
exploration drill holes in the ACKIO system to date. Although they did not intersect mineralization at the
unconformity, AK24-127 did intersect anomalous radioactivity within the sandstone, 3.1 and 5.6 metres
above the unconformity (i.e., between 52 and 55 metres beneath the surface). Further investigation is
required to assess follow-up drilling potential of this drill target.
Drill hole AK24-129 was designed to test for unconformity mineralization potential with the immediate
ACKIO area where previous drilling intersected mineralization 10 metres beneath the unconformity.
Although the drill hole did not intersect mineralization within the sandstone or at the unconformity, it did
intersect anomalous radioactivity in hydrothermal hematite and clay alteration 25 metres beneath the
unconformity.
NOTES:
1
.
cps* = "counts-per-second", as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer ("RS-125"). The reader is
cautioned that Baselode uses scintillometer readings as a preliminary indication for the presence of radioactive materials (uranium, thorium
and/or potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples
measured.
2
.
The Company defines RS-125 radioactivity results as i) background radioactivity (50 to 200 cps), ii) above-background radioactivity (200 to
300 cps), iii) anomalous radioactivity (300 to 1,000 cps), and iv) elevated radioactivity (>1,000 cps).
3
.
"Radioactivity (>300 cps)" in Table 1 is defined as drill core length with no greater than 2.0 m of consecutive drill hole length measuring less
than 300 cps.
4
.
All reported lengths are drill hole lengths and do not represent true thicknesses which have yet to be determined.
All reported "beneath
surface" measurements are true vertical depths from surface.
About Baselode Energy Corp.
Baselode controls 100% of approximately 238,930 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.
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/6412/223449_1c871feb44602bae_007full.jpg
Figure 2 – Diamond drill hole collar locations and drill traces
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/223449_1c871feb44602bae_010full.jpg
Figure 3 - Cross-section slice of 3D ACKIO uranium mineralization model
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/223449_1c871feb44602bae_011full.jpg
TABLE 1 - ACKIO diamond drill hole radioactivity results
DDH
Target
Area
Intended Target
East
North
Elevation
Az.
Dip
EOH
Radioactivity (>300 cps)
Assay Results
(>0.05
wt% U
3
O
8
)
AK24-117*
ACKIO
Pod 6
526142
6372902
465
90
-75
227
368 cps over 0.45 m at 74.4
m
Assay results pending
Pod 6
301 cps over 1.8 m at 108.3
m
Assay results pending
Pod 6
409 cps over 6.25 m at
117.25 m
Assay results pending
Pod 6
426 cps over 12.55 m at
128.1 m
Assay results pending
Pod 6
327 cps over 6.4 m at 145.2
m
Assay results pending
Pod 6
399 cps over 0.65 m at
160.95 m
Assay results pending
AK24-118*
ACKIO
Pod 6
526142
6372902
465
118
-71
257
456 cps over 0.8 m at 89.3
m
Assay results pending
Pod 6
350 cps over 0.5 m at 92.7
m
Assay results pending
Pod 6
392 cps over 2.6 m at 119.1
m
Assay results pending
Pod 6
315 cps over 3.1 m at 131.8
m
Assay results pending
Pod 6
1,115 cps over 13.3 m at
149.3 m
Assay results pending
AK24-119*
ACKIO
Pod 6
526133
6372907
463
65
-75
230
300 cps over 8.5 m at 109.5
m
Assay results pending
Pod 6
907 cps over 34.05 m at
131.1 m
Assay results pending
Pod 6
Includes
9,173 cps over 0.4 m at
144.6 m
Assay results pending
AK24-120
ACKIO
Exploration - Depth
526210
6373081
464
270
-70
512
No significant results
AK24-121
ACKIO
Exploration - Depth
526317
6372980
465
270
-70
452
No significant results
AK24-122
ACKIO
Exploration - Depth
526420
6372880
467
270
-70
446
No significant results
AK24-123
ACKIO
Exploration - SE
Strike
526450
6372680
467
270
-65
369
No significant results
AK24-124
ACKIO
Exploration - UC
526335
6372730
466
90
-90
200
No significant results
AK24-125
ACKIO
Exploration - UC
526335
6372730
466
90
-60
331.65
495 cps over 0.3 m at
132.75 m
Assay results pending
AK24-126
ACKIO
Exploration - UC
526342
6372830
466
90
-70
269
No significant results
AK24-127
ACKIO
Exploration - UC
526362
6372928
467
90
-80
215
330 cps over 0.15 m at 53.4
m
Assay results pending
Exploration - UC
330 cps over 0.1 m at 55.9
m
Assay results pending
Exploration - UC
320 cps over 0.25 m at
115.75 m
Assay results pending
AK24-128
ACKIO
Exploration - NW
Strike
526062
6373080
466
270
-60
200
302 cps over 1.85 m at 47.7
m
Assay results pending
Exploration - NW
Strike
370 cps over 0.1 m at 50.0
m
Assay results pending
Exploration - NW
Strike
300 cps over 0.6 m at 50.65
m
Assay results pending
Exploration - NW
Strike
310 cps over 0.15 m at 58.6
m
Assay results pending
Exploration - NW
Strike
460 cps over 0.1 m at 59.1
m
Assay results pending
Exploration - NW
Strike
300 cps over 0.2 m at 62.9
m
Assay results pending
Exploration - NW
Strike
418 cps over 0.9 m at
109.05 m
Assay results pending
AK24-129
ACKIO
Exploration - UC
526231
6372800
467
270
-90
188
324 cps over 0.65 m at
80.65 m
Assay results pending
AK24-130
ACKIO
Exploration - SE
Strike
526453
6372383
468
250
-60
281
No significant results
AK24-131
ACKIO
Pod 8
526135
6372836
464
76
-65
242
No significant results
AK24-132
ACKIO
Pod 8
526135
6372836
464
76
-59
218
No significant results
AK24-133
ACKIO
Pod 8
526124
6372879
465
90
-60
224
397 cps over 1.10 m at
112.4 m
Assay results pending
Pod 8
341 cps over 0.55 m at
116.7 m
Assay results pending
Pod 8
350 cps over 0.8 m at 120.3
m
Assay results pending
Pod 8
396 cps over 11.65 m at
128.95 m
Assay results pending
Pod 8
444 cps over 1.2 m at 155.5
m
Assay results pending
AK24-134
ACKIO
Pod 1
526091
6372932
463
267
-50
191
386 cps over 6.05 m at 53.2
m
Assay results pending
Between Pods 1 &
7
400 cps over 0.5 m at 74.0
m
Assay results pending
Pod 7
1,035 cps over 11.0 m at
101.3 m
Assay results pending
Pod 7
includes
6,621 cps over 0.7 m at
103.9 m
Assay results pending
Pod 7
400 cps over 0.05 m at
128.2 m
Not sampled
Pod 7
500 cps over 4.75 m at
131.9 m
Assay results pending
Pod 7
6,344 cps over 0.3 m at
138.9 m
Assay results pending
AK24-
135B
ACKIO
Pod 1
526091
6372932
463
267
-50
185
410 cps over 0.6 m at 41.6
m
Assay results pending
Pod 1
478 cps over 0.4 m at 44.0
m
Assay results pending
Pod 1
417 cps over 1.55 m at 47.0
m
Assay results pending
Pod 1
442 cps over 0.6 m at 53.3
m
Assay results pending
Pod 1
465 cps over 0.2 m at 55.9
m
Assay results pending
Pod 7
438 cps over 1.25 m at
89.45 m
Assay results pending
Pod 7
983 cps over 28.65 m at
98.2 m
Assay results pending
Pod 7
includes
5,920 cps over 0.15 m at
123.1 m
Assay results pending
Pod 7
623 cps over 0.6 m at 156.3
m
Assay results pending
AK24-136
ACKIO
Pod 1
526091
6372932
463
245
-55
208.45
380 cps over 0.2 m at 52.4
m
Assay results pending
Pod 1
414 cps over 0.75 m at 56.7
m
Assay results pending
Between Pods 1 &
7
366 cps over 4.6 m at 74.0
m
1
Assay results pending
Pod 7
328 cps over 6.3 m at 103.8
m
Assay results pending
Pod 7
800 cps over 5.15 m at
113.5 m
Assay results pending
Pod 7
includes
10,455 cps over 0.2 m at
118.45 m
Assay results pending
Pod 7
320 cps over 0.05 m at
125.9 m
Assay results pending
Pod 7
471 cps over 0.45 m at
129.4 m
Assay results pending
AK24-137
ACKIO
Pod 1
526091
6372932
463
241
-69
191
1,236 cps over 8.95 m at
37.35 m
2
Assay results pending
Pod 1
includes
5,827 cps over 0.2 m at
39.35 m
Assay results pending
Pod 1
325 cps over 3.4 m at 50.5
m
Assay results pending
Pod 1
330 cps over 0.15 m at
58.85 m
Assay results pending
Pod 7
302 cps over 4.4 m at 96.55
m
Assay results pending
Pod 7
365 cps over 3.4 m at
105.25 m
Assay results pending
Pod 7
380 cps over 0.1 m at
120.35 m
Assay results pending
Pod 7
684 cps over 0.3 m at 124.7
m
Assay results pending
Pod 7
1,272 cps over 13.3 m at
127.5 m
Assay results pending
Pod 7
includes
5,000 cps over 0.2 m at
130.1 m
Assay results pending
Pod 7
and
includes
7,000 cps over 0.05 m at
132.1 m
Assay results pending
Pod 7
and
includes
5,600 cps over 0.85 m at
132.7 m
Assay results pending
Pod 7
and
includes
10,600 cps over 0.1 m at
134.55 m
Assay results pending
Pod 7
1,122 cps over 4.85 m at
142.9 m
Assay results pending
Pod 7
includes
5,600 cps over 0.25 m at
143.15 m
Assay results pending
Pod 7
and
includes
6,500 cps over 0.1 m at
146.15 m
Assay results pending
Pod 7
1,063 cps over 1.45 m at
150.65 m
Assay results pending
Pod 7
includes
10,000 cps over 0.1 m at
150.65 m
Assay results pending
AK24-138
ACKIO
Pod 7
526060
6372968
462
251
-60
152
388 cps over 11.2 m at
64.85 m
3
Assay results pending
Pod 7
905 cps over 26.5 m at
79.55 m
Assay results pending
Pod 7
includes
7,000 cps over 0.1 m at
89.05 m
Assay results pending
Pod 7
and
includes
6,300 cps over 0.1 m at
96.4 m
Assay results pending
Pod 7
and
includes
5,500 cps over 0.1 m at
97.55 m
Assay results pending
Pod 7
and
includes
5,290 cps over 0.6 m at
101.5 m
Assay results pending
Pod 7
454 cps over 0.75 m at
108.35 m
Assay results pending
Pod 7
738 cps over 0.8 m at
111.95 m
Assay results pending
AK24-139
ACKIO
Pod 7
526060
6372968
462
281
-45
179
369 cps over 0.85 m at
62.15 m
Assay results pending
Pod 7
300 cps over 0.4 m at 65.0
m
Assay results pending
Pod 7
664 cps over 24.7 m at
68.45 m
Assay results pending
Pod 7
305 cps over 0.05 m at
96.35 m
Assay results pending
Pod 7
495 cps over 0.1 m at 98.25
m
Assay results pending
Pod 7
388 cps over 0.2 m at
101.45 m
Assay results pending
Pod 7
360 cps over 0.1 m at
134.45 m
Assay results pending
Pod 7
380 cps over 0.15 m at
137.9 m
Assay results pending
AK24-140
ACKIO
Pod 9
525979
6373079
461
80
-65
275
360 cps over 0.4 m at 82.3
m
Assay results pending
Pod 9
320 cps over 1.6 m at 88.9
m
Assay results pending
Pod 9
350 cps over 0.25 m at
92.75 m
Assay results pending
Pod 9
300 cps over 0.6 m at 99.9
m
Assay results pending
AK24-141
ACKIO
Pod 9
525979
6373079
461
93
-76
365
988 cps over 1.65 m at 91.8
m
Assay results pending
Pod 9
340 cps over 0.1 m at 180.7
m
Assay results pending
Pod 9
300 cps over 0.2 m at 271.4
m
Assay results pending
Pod 9
360 cps over 0.2 m at
272.95 m
Assay results pending
Pod 9
310 cps over 0.15 m at
274.3 m
Assay results pending
AK24-142
ACKIO
Pod 9
525979
6373091
462
85
-78
343.3
300 cps over 0.15 m at 68.0
m
Assay results pending
Pod 9
458 cps over 1.35 m at
77.25 m
Assay results pending
Pod 9
550 cps over 0.1 m at 102.1
m
Assay results pending
Pod 9
440 cps over 0.1 m at
112.25 m
Assay results pending