Baselode Reports Four New Drill holes intersecting over 30 metres of uranium AK22-040: 0.19% U 3 O 8 over 22.5 m starting at 81.4 m true vertical depth AK22-066: 37.5 m of composite mineralization includes 0.14% U 3 O 8
Baselode Reports Four New Drill holes intersecting over 30 metres of
uranium
AK22-040: 0.19% U
3
O
8
over
22.5 m
starting at
81.4 m
true vertical depth
AK22-066:
37.5 m
of composite mineralization includes
0.14% U
3
O
8
over
24.0 m
starting at
107.1 m
true vertical depth
AK22-018:
34.8 m
of composite mineralization includes
0.43% U
3
O
8
over
2.65 m
starting at
142.4 m
true vertical depth
0.11% U
3
O
8
over
12.45 m
starting at
188.9 m
true vertical depth
AK22-075:
35.5 m
of composite mineralization includes
0.12% U
3
O
8
over
10.0 m
starting at
105.9 m
true vertical depth
0.15% U
3
O
8
over
5.5 m
starting at
129.5 m
true vertical depth
0.23% U
3
O
8
over
5.5 m
starting at
139.8 m
true vertical depth
0.12% U
3
O
8
over
12.0 m
starting at
152.6 m
true vertical depth
TORONTO
,
Nov. 10, 2022
/CNW/ - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("
Baselode
" or the "
Company
") is pleased to announce the final
geochemical assay results from a 22,500 metre diamond drill program (the "
Program
") completed between February and August on the ACKIO high-grade*
uranium discovery ("
ACKIO
"), Hook project,
Athabasca
Basin area (the "
Athabasca
"), northern
Saskatchewan
(see
Table 1
and
Figure 1
).
"These final drill results continue to expand the scope of ACKIO. The results from drill hole AK22-066 indicate that we likely clipped the margin of another large
mineralized zone to the west, similar to the results from AK22-063 (
59.85 m
of composite mineralization starting at
40.3 m
true vertical depth, see
news release dated
September 12, 2022
). This will be a drill priority target for early 2023. ACKIO's broad intersections have grades equal to or better than other
uranium mining jurisdictions. ACKIO is near-surface, high-grade uranium mineralization with open pit mining potential in proximity to infrastructure and multiple
licensed uranium mills," said
James Sykes
, CEO, President and Director of Baselode.
Drill hole highlights from this news release include;
AK22-014
: 0.27% U
3
O
8
over
3.5 m
at
156.85 m
(
135.8 m
true vertical depth) includes 0.55% U
3
O
8
over
0.5 m
at
158.3 m
and 0.51% U
3
O
8
over
0.5 m
at
159.3
AK22-015
: 0.13% U
3
O
8
over
7.35 m
at
176.9 m
(
153.2 m
true vertical depth)
AK22-018
:
34.8 m
of composite mineralization including
0.43% U
3
O
8
over
2.65 m
at
164.45 m
(
142.4 m
true vertical depth) includes 0.76% U
3
O
8
over
0.6 m
at
165.0 m
0.10% U
3
O
8
over
9.05 m
at
200.55 m
(
173.7 m
true vertical depth) includes 0.70% U
3
O
8
over
0.4 m
at
201.0 m
0.11% U
3
O
8
over
12.45 m
at
218.1 m
(
188.9 m
true vertical depth)
AK22-019
: 0.13% U
3
O
8
over
12.45 m
at
229.25 m
(
162.1 m
true vertical depth) includes 1.05% U
3
O
8
over
0.5 m
at
239.7 m
AK22-039
:
30.1 m
of composite mineralization including
0.12% U
3
O
8
over
9.0 m
at
40.8 m
(
37.0 m
true vertical depth)
0.14% U
3
O
8
over
16.5 m
at
156.45 m
(
141.8 m
true vertical depth) includes 0.55% U
3
O
8
over
1.0 m
at
167.45 m
AK22-040
: 0.19% U
3
O
8
over
22.5 m
at
115.15 m
(
81.4 m
true vertical depth) includes 0.72% U
3
O
8
over
0.5 m
at
128.15 m
AK22-041
: 0.14% U
3
O
8
over
4.0 m
at
117.8 m
(
106.8 m
true vertical depth) includes 0.78% U
3
O
8
over
0.5 m
at
118.3 m
AK22-064
: 0.15% U
3
O
8
over
7.5 m
at
115.05 m
(
104.3 m
true vertical depth)
AK22-066
:
37.5 m
of composite mineralization including
0.14% U
3
O
8
over
24.0 m
at
107.5 m
(
107.1 m
true vertical depth) includes 0.55% U
3
O
8
over
0.5 m
at
127.5 m
and 0.64% U
3
O
8
over
0.5 m
at
129.0 m
AK22-075
:
35.5 m
of composite mineralization including
0.12% U
3
O
8
over
10.0 m
at
107.5 m
(
105.9 m
true vertical depth) includes 0.73% U
3
O
8
over
0.5 m
at
116.0 m
0.15% U
3
O
8
over
5.5 m
at
131.5 m
(
129.5 m
true vertical depth)
0.23% U
3
O
8
over
5.5 m
at
142.0 m
(
139.8 m
true vertical depth) includes 0.61% U
3
O
8
over
1.0 m
at
145.5 m
0.12% U
3
O
8
over
12.0 m
at
155.0 m
(
152.6 m
true vertical depth) includes 0.58% U
3
O
8
over
0.5 m
at
166.0 m
Baselode started the Program on
February 9, 2022
(
see Company News Release
) and completed the Program on
August 2, 2022
, with 78 drill holes (AK22-005
to AK22-080, and HK22-007), including one abandoned drill hole (AK22-048), for a total of
22,485.85 m
(
see Figure 1
). Fifty of seventy-six drill holes at ACKIO
intersected uranium mineralization. A complete list of drill hole collar information, hand-held scintillometer radioactivity composite measurements, and U
3
O
8
composite assay results for the nineteen drill holes reported in this news release are provided in
Table 1
.
Geochemical U
3
O
8
assay results from drill holes AK22-012 to AK22-019, AK22-039 to AK22-041, AK22-064, AK22-066 and AK22-075 to AK22-080 were
provided by Saskatchewan Research Council's Geoanalytical Laboratory ("
SRC
") in
Saskatoon, Saskatchewan
. The assay methodology includes SRCs "U
3
O
8
Wt% Assay" analysis package where an aliquot of sample pulp is digested in a concentration of HCL:HNO
3
. The digested volume is then made up with deionized
water for analysis by ICP-OES. All of the uranium assay results from the Program have been reported, concluding with this news release.
NOTES:
1.
All reported drill hole lengths do not represent true thicknesses which have yet to be determined.
2.
* "
High-grade uranium mineralization
" is defined by the Company as any result with >0.50% U
3
O
8
over a minimum of 0.25 m drill hole interval
The Company is preparing a presentation to provide more context to the full set of uranium assay results reported herein and from previous news releases.
For the latest videos from Baselode, Ore Group, and all things Mining, subscribe to our YouTube Chanel:
youtube.com/@theoregroup
FIGURE 1 – Plan map of the ACKIO mineralized surface expressions
TABLE 1 – Drill collar details, composite radioactivity and U
3
O
8
assay results, drill holes AK22-012 to AK22-019, AK22-039 to AK22-041, AK22-064, AK22-066, and AK22-075 to AK22-08
About ACKIO
Mineralization starts as shallow as
28 m
beneath the surface and down to approximately
300 m
depth with the bulk of mineralization occurring in the upper
190 m
.
ACKIO measures greater than
375 m
along strike, greater than
150 m
wide, comprised of at least 5 separate zones, and remains open to the west, south, and
along the
Athabasca
sandstone unconformity to the north, 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/November2022/10/c9087.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 06:00e 10-NOV-22