Baselode Starts Winter Drilling Preparations
Baselode Starts Winter Drilling Preparations
TORONTO
,
Jan. 17, 2022
/CNW/ - Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF)
("
Baselode
" or the "
Company
") is pleased to announce that a Temporary Work Camp permit
("
TWC
") has been received from
Saskatchewan's
Ministry of Environment for the planned diamond
drilling program on the ACKIO high-grade uranium discovery ("
ACKIO
"), Hook project ("
Hook
"),
Athabasca
Basin area, northern
Saskatchewan
.
"The TWC allows us to start building a new camp for our planned exploration drill programs at
ACKIO and Hook throughout the year 2022. Our field crew is on site and has begun to clear the
TWC site and the initial drill pad locations for the pending drill program. We're using pre-fabricated
structures and helicopoter support to expedite the camp construction process. We remain optimistic
that the camp will be completed within 1 to 2 weeks, and that diamond drilling will start as soon as
camp is operational. We're excited to continue drilling at ACKIO as the results we've intersected so
far have surpassed our initial expectations," said
James Sykes
, CEO, President and Director of
Baselode.
Planned Winter Drill Program on ACKIO
Baselode is planning for a 10,000 metre diamond drill program on the ACKIO discovery to begin in
late-January. Drill holes will be planned to follow-up high-grade Uranium mineralization along strike
and dip, which remains open in all directions, and to test for unconformity-style of mineralization.
The drill program will be operated with helicopter support to lessen any ground-induced
environmental impacts within the project area.
ACKIO is located 30 km southeast of well-established infrastructure including an all-season road and
powerline that runs between Cameco Corp.'s (TSX: CCO) and Orano's
McArthur River
mine and
Key Lake Uranium mill joint ventures. ACKIO is located 70 km northeast of the Key Lake mill.
About Baselode Energy Corp.
Baselode currently 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."
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.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/January2022/17/c2247.html
%SEDAR: 00044947E
For further information:
please contact: Baselode Energy Corp., FIND on the TSXV, James
Sykes, CEO, President and Director, [email protected], 306-221-8717
CO: Baselode Energy Corp.
CNW 06:00e 17-JAN-22