Baselode Starts Drill Program on Bear Uranium Project : Begins Fleet Space Technologies' ANT survey over ACKIO 1,500 metre inaugural Bear drill program has started targeting 3 areas with 6 to 8 drill holes Fleet Space Technologies' Ambient Noise Tomography ("ANT") survey, a passive,
Baselode Starts Drill Program on Bear
Uranium Project : Begins Fleet Space
Technologies' ANT survey over ACKIO
1,500 metre inaugural Bear drill program has started targeting 3 areas with 6 to 8 drill
holes
Fleet Space Technologies' Ambient Noise Tomography ("ANT") survey, a passive,
seismic method for generating 3D subsurface models is being deployed over ACKIO
Toronto, Ontario--(Newsfile Corp. - May 1, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB:
BSENF) ("
Baselode
" or the "
Company
") is pleased to announce the starts of an inaugural drill program
and ANT geophysical survey on its Bear ("
Bear
") and Hook ("
Hook
") uranium projects, respectively, in
the Athabasca Basin area, northern Saskatchewan (
see Figure 1
).
"We're excited to start this drill campaign on Bear. Our target generation has identified areas of potential
structural disruption and hydrothermal fluid alteration along the uranium-fertile Wollaston-Mudjatik
transition zone that hosts numerous high-grade uranium deposits. We've identified 3 main targets areas
we'll be drilling at the intersection points of NE-SW-trending layers and cross-cutting NW-SE-oriented
structures (
Figure 2
). We believe the latter structures may have controlled anomalous uranium
intersected in historic drill holes.
We're also happy to announce we've started laying out and acquiring data from Fleet Space
Technologies' ANT survey deployed over ACKIO. We hope to map out the extent of ACKIO's Athabasca
sandstone outlier and the deep structural roots of the uranium mineralization system. We believe ACKIO
continues at depth, including mineralization along the sandstone-basement fault zone. We look forward
to testing these targets when we begin our next ACKIO drill program in June," stated James Sykes,
CEO, President, and Director of Baselode.
Please watch the Company's video (below) to understand the target generation ideas for the Bear drill
program.
Bear - 2024 Exploration Targets Defined
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=anLYo83AUko
Bear Drill Program Details
The recently started Bear drill program is planned for 1,500 metres with 6 to 8 drill holes targeting 2 to 3
different target areas. The helicopter-support program allows expedient drill targeting and lessens
environment impacts. The Company has received the necessary permits to complete the program.
Hook ANT Program Details
"Fleet Space Technologies has developed an innovative high-resolution, ground-based, satellite-
connected ambient noise tomography ("
ANT
") survey to produce a 3D model of the subsurface. The
survey will be completed over ACKIO and other areas of interest, with data expected to be received and
interpreted prior to starting diamond drilling on Hook in June. The Company has received the necessary
permits to complete the program.
About Baselode Energy Corp.
Baselode controls 100% of approximately 272,804 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.
306-221-8717
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/6412/207569_3b7b7a66048c29e0_007full.jpg
FIGURE 2 – Bear Project Compilation Map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_008full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/207569