- Focused on exploring for near-surface, basement-hosted high-grade uranium deposits in the Athabasca Basin area—the Athabasca 2.0 model
- Maiden drill program at Shadow slated for Q4 2020/Q1 2021
- Baselode uses “out-of-the-box” thinking and unique methodologies to increase the chances of making a discovery
- Directed by an excellent management team with the right technical and capital markets experience
- Tight capital structure with ~40 million shares outstanding and ~50 percent controlled by insiders, meaning potential for massive shareholder wealth
- Both Shadow and Hook projects are located within 50 km of highways, they are near power lines and the Hook project is in close proximity to a uranium mill
- Saskatchewan is rated as one of the top 10 global jurisdictions for mining investment on the Fraser Institute Annual Survey of Mining Companies 2019, and the top jurisdiction in Canada
- Baselode intersected numerous intervals of elevated radioactivity within two new diamond drill holes at the ACKIO target on its Hook Uranium project Athabasca Basin area, northern Saskatchewan.
Baselode Energy (TSXV:FIND, OTCQB: BSENF) is a uranium-focused exploration company with two high potential projects in the Athabasca Basin area, which accounts for roughly 20 percent of global annual uranium production. Baselode Energy is exploring for basement-hosted deposits outside of the traditional “unconformity-controlled”-type uranium deposits, with emphasis on avoiding sandstone cover, and instead focusing on near-surface, structurally-controlled mineralization that could be mined easier than deposits underneath sandstone cover.
The Athabasca Basin is located in the top Canadian mining investment jurisdiction of Saskatchewan, based on the Fraser Institute Annual Survey of Mining Companies 2019. Since 2008, basement-hosted, high-grade uranium deposit discoveries have spurred and reinvigorated an exploration rush in the Basin, with a number of discoveries having been made, especially by junior companies which have created massive shareholder returns. The highest-grade uranium mines in the world are all situated within the Athabasca Basin area and they include Cameco’s (TSX:CCO,NYSE: CCJ) Cigar Lake, the world’s highest grade uranium mine, as well as McArthur River/Key Lake, NexGen Energy’s (TSX:NXE) Arrow project and Denison Mines’ (TSX:DML) Phoenix and Gryphon deposits.
Baselode’s strategy and exploration model, Athabasca 2.0, is to explore overlooked and easily accessible basement rocks with little to no sandstone cover along deep structural corridors that host known high-grade uranium deposits. Baselode Energy’s 100 percent owned Shadow project covers one of these corridors along the Virgin River Shear Zone, which was recently confirmed by an airborne magneto-telluric survey.
Baselode Energy has a solid management team made up of individuals with technical and capital markets experience. CEO James Sykes has a proven track record as he brings more than 15 years of Athabasca experience and discoveries to the team. He has been directly and indirectly involved in the discovery of over 550,000,000 pounds of uranium in the Basin.