Baselode Reports Shallow Uranium Results from Summer 2024 Drill Program Six drill holes expand shallow uranium mineralization footprint in Pod 1 (i.e., within 50 metres from surface), eleven drill holes confirmed uranium starting within 100 metres
Baselode Reports Shallow Uranium Results
from Summer 2024 Drill Program
Six drill holes expand shallow uranium mineralization footprint in Pod 1 (i.e., within 50
metres from surface), eleven drill holes confirmed uranium starting within 100 metres
from surface in three Pods
Shallow uranium mineralization updip of Pod 7 remains largely untested and requires
further follow-up drilling
Toronto, Ontario--(Newsfile Corp. - May 20, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB:
BSENF) ("
Baselode
" or the "
Company
") is pleased to release uranium ("
U
3
O
8
") assay results from all
28 drill holes of the 2024 drill program on the ACKIO prospect area ("
ACKIO
") in the Athabasca Basin
(
"Basin"
) area of northern Saskatchewan (
Figure 1
).
"We're especially encouraged with 6 drill holes intersecting uranium within 50 m from surface and 11 drill
holes within 100 m from surface. These shallow mineralization results continue to demonstrate ACKIO's
unique advantage in the Basin area with easily accessible, near-surface uranium. Last year's summer
drill program successfully defined more shallow uranium mineralization to the north and south of our
shallowest uranium zone, Pod 1. Uranium at the overburden-bedrock contact still remains open to the
south and north.
"Drilling at Pods 6 and 7 intersected higher average uranium grades over greater widths than previously
intersected, suggesting there's a zoned lower-grade to higher-grade uranium concentrations within those
Pods. In addition, Pod 7 still requires a detailed investigation of uranium potential at the overburden-
bedrock contact, which has not been tested to the same degree as Pod 1. We believe some of the
higher-grade zones within Pod 7 extend up to the overburden-bedrock contact and have yet to be drill
tested," commented James Sykes, CEO, President, and Director of Baselode.
Pod 1 Summary
(
Figure 2
, Table 1)
Six drill holes (AK24-134 to AK24-137, and AK24-143 & AK24-144) intersected uranium mineralization
within 50 m from surface. AK24-137 intersected 0.38% U
3
O
8
over 9.15 m at 37.35 m drill hole depth
(3.5 grade*thickness, "
GT
"), confirming Pod 1's uranium footprint at the overburden-bedrock contact to
the south. Drill holes AK24-143 and AK24-144 successfully confirmed shallow uranium at Pod 1 to the
north with 0.12% U
3
O
8
over 11.8 m at 65.2 m drill hole depth (1.4 GT) and 0.12% U
3
O
8
over 9.0 m at
51.5 m drill hole depth (1.1 GT), respectively.
Pod 6 Summary
As previously reported (
October 3, 2024
), drill hole AK24-118 intersected 8.5 metres of 0.59% U
3
O
8
(5.0 GT),
and AK24-119 returned 21.0 metres of 0.28% U
3
O
8
(5.8 GT), ranking as the two best
intersections in Pod 6, ranking amongst the top 20 drill holes at ACKIO, and enhancing our
understanding of uranium mineralization controls at ACKIO.
Pod 7 Summary
Drill holes AK24-135B and AK24-138 intersected the second and third best individual uranium
intersections in Pod 7 with 0.18% U
3
O
8
over 28.0 m at 98.0 m depth (5.0 GT), and 0.19% U
3
O
8
over
23.0 m at 81.5 m depth (4.3 GT), respectively.
In addition, two other drill holes (AK24-137 and AK24-139) rank amongst the top 10 drill intersections in
Pod 7 with 2.5 GT each, and drill holes AK24-135B, AK24-137 and AK24-138 rank amongst the top 20
drill holes at ACKIO due to their combined intersections of Pod 1 and Pod 7.
Drill holes AK24-134 to AK24-139 have increased our confidence and understanding of uranium
mineralization controls at Pod 7, as the system seems to be comprised of a higher-grade core with a
lower-grade uranium envelope.
Pod 8 & Pod 9 Summaries
Drill hole AK24-133 intersected the second best results in Pod 8 with 0.09% U
3
O
8
over 11.5 m at 130.5
m depth (1.0 GT).
The results from Pod 8 and Pod 9 exploration drill holes have required the company to re-consider the
overall structural architecture of these specific parts of ACKIO as the uranium mineralization system was
not as predictable as it is in other Pods.
Exploration results
Drill holes AK24-120 to AK24-127 and AK24-129 to AK24-130 were designed to test for depth
extension, strike extensions, and unconformity-style of uranium mineralization. Although none of the drill
holes intersected any new zones of uranium mineralization, they all share geochemical anomalous lead
(Pb) isotope ratios, boron (B), and uranium (U), including a predominant Mg-chlorite-rich clay type.
NOTES:
All reported lengths and depths, aside from "metres from surface" are drill hole measurements and do not represent true thicknesses, which have
yet to be determined.
About Baselode Energy Corp.
Baselode controls 100% of approximately 241,409 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 red triangle
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/252714_4cd47696b427393e_005full.jpg
Figure 2 - ACKIO area diamond drill hole collar locations and drill traces
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/252714_4cd47696b427393e_006full.jpg
TABLE 1 - Uranium assay results for drill holes AK24-117 to AK24-144 at the ACKIO discovery
DDH
Target
East
North
Elevation
Az.
Dip
EOH
Radioactivity
(>300
counts-per-
second, cps)
Assay
Results
(>0.05 wt%
U
3
O
8
)
AK24-117*
Pod 8
526142
6372902
465
90
-75
227
368 cps over
0.45 m at
74.4 m
0.09% over
0.45
m at
74.4 m
Pod 8
301 cps over
1.8 m at
108.3 m
No significant
results
Pod 8
409 cps over
6.25 m at
117.25 m
0.07% over
0.5 m at
118.0 m
0.06% over
1.0 m at
121.5 m
Pod 6
426 cps over
12.55 m at
128.1 m
0.07% over
7.5 m at
128.5 m
0.05% over
1.5 m at
139.0 m
Pod 6
327 cps over
6.4 m at
145.2 m
0.11% over
1.0 m at
145.5 m
Pod 6
399 cps over
0.65 m at
160.95 m
0.08% over
0.5 m at
161.0 m
AK24-118*
Pod 8
526142
6372902
465
118
-71
257
456 cps over
0.8 m at 89.3
m
0.15% over
0.9 m at 89.2
m
Pod 8
350 cps over
0.5 m at 92.7
m
0.09% over
0.3 m at 92.7
m
Pod 8
392 cps over
2.6 m at
119.1 m
0.09% over
1.1 m at
119.4 m
Pod 8
315 cps over
3.1 m at
131.8 m
No significant
results
Pod 6
1,115 cps
over 13.3 m
at 149.3 m
0.06% over
0.5 m at
149.5 m
0.59% over
8.5 m at
153.0 m
Pod 6
includes
0.72% over
6.0 m at
154.0 m
AK24-119*
Pod 6
526133
6372907
463
65
-75
230
300 cps over
8.5 m at
109.5 m
0.07% over
0.5 m at
104.5 m
Pod 6
907 cps over
34.05 m at
131.1 m
0.28% over
21.0 m at
141.0 m
Pod 6
includes
9,173 cps
over 0.4 m at
144.6 m
1.36% over
2.0 m at
143.0 m
Pod 6
and includes
0.51% over
0.5 m at
152.0 m
AK24-120
Exploration -
Depth
526210
6373081
464
270
-70
512
No significant results
AK24-121
Exploration -
Depth
526317
6372980
465
270
-70
452
No significant results
AK24-122
Exploration -
Depth
526360
6372880
467
270
-70
446
No significant results
AK24-123
Exploration -
SE Strike
526450
6372680
467
270
-65
369
No significant results
AK24-124
Exploration -
UC
526335
6372730
466
90
-90
200
No significant results
AK24-125
Exploration -
UC
526335
6372730
466
90
-60
332
495 cps over
0.3 m at
132.75 m
0.05% over
0.55 m at
132.5 m
AK24-126
Exploration -
UC
526342
6372830
467
90
-70
269
No significant results
AK24-127
Exploration -
UC
526362
6372928
467
90
-80
215
330 cps over
0.15 m at
53.4 m
No significant
results
Exploration -
UC
330 cps over
0.1 m at 55.9
m
No significant
results
Exploration -
UC
320 cps over
0.25 m at
115.75 m
No significant
results
AK24-128
Pod 1 NW
526062
6373080
466
270
-60
200
302 cps over
1.85 m at
47.7 m
No significant
results
Pod 1 NW
370 cps over
0.1 m at 50.0
m
No significant
results
Pod 1 NW
300 cps over
0.6 m at
50.65 m
No significant
results
Pod 1 NW
310 cps over
0.15 m at
58.6 m
No significant
results
Pod 1 NW
460 cps over
0.1 m at 59.1
m
0.05% over
0.5 m at 59.0
m
Pod 1 NW
300 cps over
0.2 m at 62.9
m
No significant
results
Pod 7 NW
418 cps over
0.9 m at
109.05 m
0.07% over
0.5 m at
109.0 m
AK24-129
Exploration -
UC
526231
6372800
467
270
-90
188
324 cps over
0.65 m at
80.65 m
No significant
results
AK24-130
Exploration -
SE Strike
526453
6372383
468
250
-60
281
No significant results
AK24-131
Pod 8
526135
6372836
465
76
-65
242
No significant results
AK24-132
Pod 8
526135
6372836
464
76
-59
218
No significant
results
0.05% over
0.1 m at
156.5 m
AK24-133
Pod 8
526124
6372879
465
90
-60
224
397 cps over
1.10 m at
112.4 m
0.08% over
1.0 m at
112.5 m
Pod 8
341 cps over
0.55 m at
116.7 m
0.06% over
2.0 m at
116.5 m
Pod 8
350 cps over
0.8 m at
120.3 m
No significant
results
Pod 8
396 cps over
11.65 m at
128.95 m
0.09% over
11.5 m at
130.5 m
Pod 6
444 cps over
1.2 m at
155.5 m
0.07% over
1.0 m at
155.5 m
AK24-134
Pod 1
526091
6372933
463
267
-50
191
386 cps over
6.05 m at
53.2 m
0.10% over
1.5 m at 53.5
m
0.16% over
1.0 m at 56.5
m
Between Pod
1 & Pod 7
400 cps over
0.5 m at 74.0
m
0.12% over
1.25 m at
74.0 m
Pod 7
1,035 cps
over 11.0 m
at 101.3 m
0.17% over
9.0 m at
103.0 m
Pod 7
includes
6,621 cps
over 0.7 m at
103.9 m
1.07% over
0.5 m at
104.0 m
Pod 7
400 cps over
0.05 m at
129.2 m
0.06% over
0.05 m at
129.2 m
Pod 7
500 cps over
4.75 m at
131.9 m
0.10% over
3.0 m at
132.0 m
Pod 7
6,344 cps
over 0.3 m at
138.9 m
0.43% over
1.0 m at
138.5 m
Pod 7
includes
0.65% over
0.5 m at
139.0 m
AK24-135B
Pod 1
526091
6372932
463
267
-50
185
410 cps over
0.6 m at 41.6
m
0.09% over
0.7 m at 41.5
m
Pod 1
478 cps over
0.4 m at 44.0
m
417 cps
over 1.55 m
at 47.0 m
0.05% over
6.5 m at 44.0
m
1
Between Pod
1 & Pod 7
442 cps over
0.6 m at 53.3
m
0.06% over
1.0 m at 53.0
m
Between Pod
1 & Pod 7
465 cps over
0.2 m at 55.9
m
0.06% over
0.5 m at 56.0
m
Pod 7
438 cps over
1.25 m at
89.45 m
0.10% over
1.65 m at
89.35 m
Pod 7
983 cps over
28.65 m at
98.2 m
0.18% over
28.0 m at
98.0 m
Pod 7
includes
0.55% over
0.5 m at 99.5
m
and includes
5,920 cps
over 0.15 m
at 123.1 m
0.57% over
0.5 m at
123.0 m
Pod 7
623 cps over
0.6 m at
156.3 m
No significant
results
AK24-136
Pod 1
526091
6372932
463
245
-55
208.5
380 cps over
0.2 m at 50.4
m
0.05% over
0.4 m at 50.2
m
Pod 1
414 cps over
0.75 m at
56.7 m
0.10% over
1.0 m at 56.5
m
Between Pod
1 & Pod 7
366 cps over
4.6 m at 74.0
m
0.11% over
3.5 m at 74.0
m
2
Pod 7
328 cps over
6.3 m at
103.8 m
0.06% over
0.5 m at
103.5 m
0.05% over
0.5 m at
105.5 m
0.06% over
0.5 m at
109.0 m
Pod 7
800 cps over
5.15 m at
113.5 m
0.12% over
4.5 m at
114.5 m
Pod 7
includes
10,455 cps
over 0.2 m at
118.45 m
0.59% over
0.55 m at
118.45 m
Pod 7
320 cps over
0.05 m at
125.9 m
No significant
results
Pod 7
471 cps over
0.45 m at
129.4 m
0.07% over
0.5 m at
129.5 m
Pod 7
No significant
results
0.05% over
0.5 m at
135.0 m
AK24-137
Pod 1
526091
6372932
463
241
-69
191
1,236 cps
over 8.95 m
at 37.35 m
0.38% over
9.15 m at
37.35 m
3
Pod 1
includes
5,827 cps
over 0.2 m at
39.35 m
0.68% over
4.25 m at
39.0 m
Pod 1
325 cps over
3.4 m at 50.5
m
0.12% over
0.5 m at 50.5
m
0.07% over
0.5 m at 53.0
m
Pod 1
330 cps over
0.15 m at
58.85 m
No significant
results
Between Pod
1 & Pod 7
302 cps over
4.4 m at
96.55 m
0.05% over
0.5 m at 96.5
m
Between Pod
1 & Pod 7
365 cps over
3.4 m at
105.25 m
0.06% over
0.5 m at
107.5 m
Pod 7
380 cps over
0.1 m at
120.35 m
No significant
results
Pod 7
684 cps over
0.3 m at
124.7 m
0.06% over
0.5 m at
124.5 m
Pod 7
1,272 cps
over 13.3 m
at 127.5 m
0.28% over
9.0 m at
129.0 m
Pod 7
includes
5,000 cps
over 0.2 m at
130.1 m
0.51% over
0.5 m at
130.0 m
Pod 7
and includes
7,000 cps
over 0.05 m
at 132.1 m
0.55% over
2.0 m at
132.5 m
Pod 7
and includes
5,600 cps
over 0.85 m
at 132.7 m
Pod 7
and includes
10,600 cps
over 0.1 m at
134.55 m
Pod 7
1,122 cps
over 4.85 m
at 142.9 m
0.16% over
4.0 m at
142.5 m
Pod 7
includes
5,600 cps
over 0.25 m
at 143.15 m
Pod 7
and includes
6,500 cps
over 0.1 m at
146.15 m
Pod 7
1,063 cps
over 1.45 m
at 150.65 m
No significant
results
Pod 7
includes
10,000 cps
over 0.1 m at
150.65 m
0.40% over
0.5 m at
150.5 m
AK24-138
Pod 7
526060
6372968
462
251
-60
152
388 cps over
11.2 m at
64.85 m
0.09% over
10.5 m at
64.5 m
4
Pod 7
905 cps over
26.5 m at
79.55 m
0.19% over
23.0 m at
81.5 m
Pod 7
includes
7,000 cps
over 0.1 m at
89.05 m
0.58% over
0.5 m at 89.0
m
Pod 7
and includes
6,300 cps
over 0.1 m at
96.4 m
Pod 7
and includes
5,500 cps
over 0.1 m at
97.55 m
0.65% over
0.5 m at 97.5
m
Pod 7
and includes
5,290 cps
over 0.6 m at
101.5 m
1.00% over
1.0 m at
101.0 m
Pod 7
454 cps over
0.75 m at
108.35 m
No significant
results
Pod 7
738 cps over
0.8 m at
111.95 m
0.23% over
0.5 m at
112.0 m
AK24-139
Pod 7
526060
6372968
462
281
-45
179
No significant
results
0.37% over
0.25 m at
41.25 m
369 cps over
0.85 m at
62.15 m
0.11% over
0.5 m at 62.0
m