Baselode Starts 10,000 Metre Winter Drill Program on High-Grade Uranium ACKIO Discovery
Baselode Starts 10,000 Metre Winter Drill
Program on High-Grade Uranium ACKIO
Discovery
TORONTO
,
Feb. 9, 2022
/CNW/ – Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)
("
Baselode
" or the "
Company
") is pleased to announce that a 10,000 metre diamond drilling
program has started on the high-grade uranium ACKIO discovery ("
ACKIO
"), Hook project ("
Hook
"),
Athabasca
Basin area, northern
Saskatchewan
.
"Since the ACKIO discovery in September, we've been eagerly anticipating this aggressive drill
program to provide us with a better understanding of the ACKIO uranium mineralization system. In
the four holes completed last year, we intersected a massive hydrothermal alteration envelope
proving fertile for high-grade uranium deposition. ACKIO's mineralization remains open in all
directions, and the objective of this program is to drill 50 metre continuous step-out holes to the
north and south along strike of known high-grade mineralization. We will also test the sandstone for
unconformity-style of mineralization and sub-parallel mineralized trends to the east," said
James
Sykes
, CEO, President and Director of Baselode.
The 10,000 metre diamond drill program is helicopter supported to lessen any ground-induced
environmental impacts within the project area.
Baselode intends to release drill core radioactivity results as a prelude to uranium assay results on a
bi-monthly schedule. Uranium assay results will be released as they are received after being
compiled and thoroughly checked by the technical team.
ACKIO is located 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.
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 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.
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/February2022/09/c5153.html
%SEDAR: 00044947E
For further information:
Baselode Energy Corp., FIND on the TSXV, James Sykes, CEO,
President and Director, [email protected], 306-221-8717, www.baselode.com
CO: Baselode Energy Corp.
CNW 06:00e 09-FEB-22