Baselode Details Drill Program Strategy for the Hook Project

Baselode Details Drill Program Strategy for the Hook Project

  • Diamond drilling is underway at ACKIO targeting shallow, high-grade uranium mineralization
  • Video update with James Sykes on ACKIO's potential for high-grade unconformity uranium mineralization

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to offer an in-depth review of the strategy behind the recently started 10,000 m diamond drilling program (the "Program") on the ACKIO high-grade uranium zone ("ACKIO") as part of the larger Program for the Hook project ("Hook" or the "Project").

For details on the Company's drill targets at ACKIO and within Hook, watch this video:


The video identifies target areas for each scope of the Program, including:

  1. Definition and delineation drilling within ACKIO;
  1. Reconnaissance drilling in proximity to ACKIO, i.e., within 1 km of the zone;
  1. Wildcat drilling targets with similarities to the Raven-Horseshoe basement-hosted uranium deposits.

"This video summarizes our exploration thesis for the Hook project along a regional crustal-scale structure. We're excited about the potential to discover more high-grade uranium with all three Program objectives; 1. extend and define the interpreted ACKIO footprints; 2. drill along sub-parallel structural trends within the ACKIO shadow; and 3. along a regional structural trend that extends for more than 10 kilometres. We see a lot of geological evidence that supports multiple zones of basement-hosted uranium mineralization on Hook, and we intend to drill-test new targets outside of ACKIO. These are exciting times for Baselode's shareholders as we embark on a new summer drill program while the uranium market continues to improve," said James Sykes, CEO, President and Director of Baselode.

ACKIO/Hook 2023 Summer Drill Program is Underway
10,000 metres of diamond drilling are planned for Hook this summer. The breakdown includes 7,500 metres allocated to delineation and expansion diamond drilling on ACKIO, and 2,500 metres partitioned in three to five areas for reconnaissance exploration to discover the next uranium zone on Hook. The ACKIO delineation and expansion part of the Program will first focus on the shallowest and/or the highest-grade uranium intersections defined in last years successful 22,500 metre drill campaign. Drill collars have been planned to optimize the allocated metres by intersecting multiple zones of mineralization from the same setups, and by limiting drill holes to specific stopping depths. The drill program is anticipated to be complete by October. The Company remains fully-funded to complete the program.

About Baselode Energy Corp.
Baselode controls 100% of approximately 264,172 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, high-grade uranium deposit in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 11 separate zones, with mineralization starting as shallow as 28 m beneath the surface and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open to the west, south, and along the Athabasca sandstone unconformity to the east and south.

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:

Baselode Energy Corp.
FIND on the TSXV
info@baselode.com
www.baselode.com

James Sykes, CEO, President and Director
jsykes@oregroup.ca
306-221-8717

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/170480

News Provided by Newsfile via QuoteMedia

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Baselode Now Drilling at ACKIO Uranium Prospect

Baselode Now Drilling at ACKIO Uranium Prospect

  • Up to 16,000 metre project-wide drill program, the second largest drill program on Hook project
  • The second drill is anticipated to start in two weeks

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce diamond drilling has started on the ACKIO ("ACKIO") uranium prospect within the Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan (Figure 1).

"We are excited to be finally be back at our flagship Hook project, where we will be looking to expand upon our near-surface uranium discovery ACKIO. Additional drilling on ACKIO offers excellent prospects for expanding the known zones and making new discoveries along strike and depth.

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Baselode Mobilizes for Hook's 16,000 Metre Drill Program

Baselode Mobilizes for Hook's 16,000 Metre Drill Program

  • Drill mobilization and camp construction near completion for ACKIO and Hook
  • Ground ANT and gravity surveys complete over ACKIO and regional targets at Hook
  • Bear drill program is complete, with results to be released when assays received

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide updates for its ACKIOHook ("ACKIO, Hook") and Bear ("Bear") uranium projects in the Athabasca Basin area of northern Saskatchewan (Figure 1).

"We look forward to exploring the ACKIO discovery and its surroundings on the Hook project this year. New targets include multi-layered geophysical and geological features along strike to the southeast and at depth beneath ACKIO. Additionally, drill hole data suggests the mineralization fluid system is open in both directions. Our regional exploration targets are reinforced with recent ground gravity and ambient noise tomography ("ANT") geophysical surveys over corridors of interest previously identified on the Hook project. We're eager to explore the Hook project," commented James Sykes, CEO, President, and Director of Baselode.

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Baselode Starts Drill Program on Bear Uranium Project : Begins Fleet Space Technologies' ANT survey over ACKIO

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

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.
jsykes@oregroup.ca
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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_007.jpg

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

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6412/207569_3b7b7a66048c29e0_008.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

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