Baselode's Drill Crew Mobilizes to its Hook Uranium Project
Baselode's Drill Crew Mobilizes to its Hook
Uranium Project
TORONTO
,
Aug. 23, 2021
/CNW/ - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)
("
Baselode
" or the "
Company
") is pleased to announce that a drill crew is mobilizing to its Hook
Uranium Project ("
Hook
").
"We anticipate the drill to start turning this week to test some exciting targets on the Beckett and
South Geikie areas of our Hook Project," said
James Sykes
, CEO and President of Baselode.
Cameron MacKay
, Baselode's Projects Manager, adds: "Our prospecting field crew identified
anomalous radioactive occurrences in outcrop at both the Beckett and South Geikie targets. These
anomalies occur at lithological contacts intersected by north-south structures and validate our
geophysical interpretations and our working structural model for Hook."
Planned Drill Program
Baselode anticipates between 10 to 15 drill holes for a total of 2,500 metres, with each drill hole
ranging from 150 to 250 metres drill hole depth. The drill program is planned with helicopter support
to achieve broader target area coverage and to lessen any ground-induced environmental impacts
within the project area.
Baselode remains engaged in positive discussions with Indigenous communities and northern
stakeholders for its exploration activities and projects. Baselode is committed to mutually beneficial
working relationships with Indigenous and northern communities while mitigating any exploration
impacts on traditional Indigenous lands and Rights.
About Baselode Energy Corp.
Baselode currently controls 100% of approximately 207,000 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., Projects Manager 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/August2021/23/c2371.html
%SEDAR: 00044947E
For further information:
Baselode Energy Corp., FIND on the TSXV, James Sykes, President and
CEO, [email protected], 306-221-8717, www.baselode.com
CO: Baselode Energy Corp.
CNW 10:20e 23-AUG-21