Energy

  • The reported intersection includes 1.86% U 3 O 8 over 12.5 m at 79.7 m true vertical depth which includes the Project's highest individual assay of 5.61% U 3 O 8

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce the geochemical assay results from drill hole AK22-069 of 0.90% U 3 O 8 over 31.0 m starting at 69.3 m true vertical depth which includes 1.86% U 3 O 8 over 12.5 m at 79.7 m true vertical depth. AK22-069 is the latest and best hole to date from the now-complete 22,500 metre diamond drill program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project, Athabasca Basin area (the " Athabasca "), northern Saskatchewan (see Table 1 and Figure 1 ).

"Drill hole AK22-069 has delivered the best overall uranium assay results we've received on ACKIO to date, including the highest individual assay result returning 5.61% U 3 O 8 over 0.5 m .  Hole -069 was drilled down-dip of holes AK22-051 (0.50% U 3 O 8 over 28.9 m ) and AK22-052 (0.58% U 3 O 8 over 27.6 m ) which both intersected uranium mineralization at the overburden-basement contact, i.e., as shallow as possible at ACKIO. The reported intercept from hole -069 has exceeded the results from both of those drill holes and confirms near-surface, high-grade mineralization is continuous and more concentrated at depth, and still within 100 m of surface. These results demonstrate the exciting potential at ACKIO for the possible development of a near-surface, high-grade uranium open pit mining scenario. We look forward to continuing drilling this zone with our next ACKIO drill program in 2023," said James Sykes , CEO, President and Director of Baselode.

Geochemical U 3 O 8 assay results from drill hole AK22-069 were provided by Saskatchewan Research Council's Geoanalytical Laboratory (" SRC ") in Saskatoon, Saskatchewan . The assay methodology includes SRCs "U 3 O 8 Wt% Assay" analysis package where an aliquot of sample pulp is digested in a concentration of HCL:HNO 3 . The digested volume is then made up with deionized water for analysis by ICP-OES. Uranium assay results from the remaining eighteen drill holes will be released as they are received from SRC and after being compiled and thoroughly quality checked by the technical team.

The downhole gamma probe results confirm mineralization is continuous where core loss is present as noted in Table 1 .

NOTES:
1.     All reported drill hole lengths do not represent true thicknesses which have yet to be determined.
2.     * " High-grade uranium mineralization " is defined by the Company as any result with >0.50% U 3 O 8 over a minimum of 0.25 m drill hole interval

Click Here for Figure 1 Plan Map of Ackio and Table 1 Drill Collar Details

About ACKIO

ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 5 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 200 m . ACKIO remains open to the west, south, and along the Athabasca sandstone unconformity to the east and south.

ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.'s (TSX: CCO) and Orano's McArthur River mine and Key Lake uranium mill joint ventures. ACKIO is 70 km northeast of the Key Lake mill. The Program was helicopter-supported to lessen any ground-induced environmental impacts within the project area.

About Baselode Energy Corp.

Baselode 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 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."

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.

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

SOURCE Baselode Energy Corp.

Cision View original content: http://www.newswire.ca/en/releases/archive/September2022/20/c8831.html

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Baselode Provides Interpretations of the Recently Released Uranium Assay Results

Baselode Provides Interpretations of the Recently Released Uranium Assay Results

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to provide a video presentation that details geologic interpretations of the recently released uranium assay results (see News Releases dated September 12 and September 20, 2022 ) from the ACKIO high-grade uranium discovery (" ACKIO "), Hook project, Athabasca Basin area (the " Athabasca "), northern Saskatchewan .

The video provides new geological cross-sections from ACKIO which detail the structures, folds and lithological boundaries that are believed to control mineralization, including potential cross-structures and a SW trending lithological contact that have yet to be tested with diamond drills.  The video also provides more context regarding the exploration holes drilled furthest to the southeast on ACKIO and supports the potential for mineralization to still be open in this direction.

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Baselode Reports Seven Drill Holes With Uranium Mineralization Starting Within 50 Metres of Surface

Baselode Reports Seven Drill Holes With Uranium Mineralization Starting Within 50 Metres of Surface

  • 17 drill holes with uranium mineralization:
    • 10 confirm high-grade uranium mineralization* above 0.5% U 3 O 8
    • 7 intersected uranium mineralization between 25 and 50 metres below surface
    • 4 intersected uranium mineralization between 50 and 100 metres below surface
  • AK22-047: 1.67% U 3 O 8 over 7.5 m at 99.3 m true vertical depth includes 2.45% U 3 O 8 over 5.0 m
  • AK22-052: 0.58% U 3 O 8 over 27.6 m at 28.1 m true vertical depth includes 0.86% U 3 O 8 over 7.9 m and 0.75% U 3 O 8 over 7.65 m
  • 25 of the 44 drill holes intersecting elevated radioactivity are now reported

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce the geochemical assay results from an additional twenty-eight drill holes of the now-complete 22,500 metre diamond drill program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project, Athabasca Basin area (the " Athabasca "), northern Saskatchewan (see Table 1 and Figure 1 ).

"We are enthusiastic about confirming additional near-surface, high-grade uranium mineralization in several drill holes at ACKIO. Four of the reported drill holes (AK22-038, -051, -052, -058) have intersected uranium mineralization starting at the glacial overburden contact with bedrock. That's as shallow as possible at ACKIO and very encouraging. There hasn't been mineralization as shallow as these results reported in the Athabasca in the past few decades. The Athabasca is renowned for the world's highest uranium grades, commonly over 1% U 3 O 8 , and drill hole AK22-047 delivers 1.67% U 3 O 8 over 7.5 m starting within 100 m of surface. Seven drill holes returned broad intersection widths ranging from 10 metres to 30 metres, and some with total assay composite drill hole widths up to 60 metres. These reported drill hole results reinforce that ACKIO has shallow, broad and high-grade uranium mineralization, characteristic of historic Athabasca -open pit mining operations. We believe ACKIO has significant upside potential, and we look forward to planning the next phase of diamond drilling to discover more shallow, high-grade uranium mineralization," said James Sykes , CEO, President and Director of Baselode.

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Baselode Reports Numerous High-Grade Uranium Intersections Including 0.55% U3O8 Over 13.2 m

Baselode Reports Numerous High-Grade Uranium Intersections Including 0.55% U3O8 Over 13.2 m

  • · AK22-032: 0.55% U 3 O 8 over 13.2 m at 136.0 m true vertical depth includes 0.99% U 3 O 8 over 6.3 m
  • · AK22-011: 0.69% U 3 O 8 over 3.6 m at 144.6 m true vertical depth includes 1.26% U 3 O 8 over 0.5 m
  • · AK22-009: 0.28% U 3 O 8 over 10.5 m at 107.6 m true vertical depth includes 0.51% U 3 O 8 over 2.0 m
  • · Of the reported drill holes, five confirm high-grade uranium mineralization in excess of 0.5% U 3 O 8 and eight intersected uranium mineralization at less than 200 metres below surface
  • · 8 of the 44 drill holes that intersected elevated radioactivity are now reported

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce the geochemical assay results from twenty-one drill holes of the now-complete 2022 diamond drill program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project, Athabasca Basin area (the " Basin "), northern Saskatchewan (see Table 1 and Figure 1 ).

"We're very happy to be releasing the first set of uranium assay results from this years 22,485 metre drill program on ACKIO.  These results are better than we had anticipated.  We're seeing a lot of mineralization in these early Program drill holes that exceed the results from our discovery drill program last year.  Five of our drill holes intersected mineralization exceeding 10 metres in core length, and a few drill holes have multiple intercepts.  These are significant as they demonstrate a thick, robust, and multi-layered deposit.  The mineralization reported herein is shallow, within 100 to 200 metres true vertical depth from the surface.  We're confirming grades and other characteristics at ACKIO that are similar to historically mined open pit deposits in the Basin area.  We are excited for the assays from the remaining thirty-six drill holes with elevated radioactivity to be received as we believe they will continue to highlight excellent U 3 O 8 assay results from shallower depths intersected at ACKIO," said James Sykes , CEO, President and Director of Baselode.

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Baselode Continues to Intersect Shallow Uranium Mineralization; Reports Ten New Drill Holes with Elevated Radioactivity

Baselode Continues to Intersect Shallow Uranium Mineralization; Reports Ten New Drill Holes with Elevated Radioactivity

  • Elevated radioactivity intersected in 10 new drill holes at ACKIO, including;
    • 1,687 cps over 26.9 m at 90.9 m in hole AK22-069
    • 875 cps over 27.7 m at 106.2 m in hole AK22-066
  • Nine drill holes intersected elevated radioactivity results within 100 m true vertical depth from surface
  • Regional exploration drill target intersected pentlandite (nickel) within massive sulphides in hole HK22-007
  • A total of 22,277.7 metres were completed in 76 drill holes at ACKIO high-grade uranium discovery

 Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce the final sixteen drill hole results from the now-complete 2022 diamond drill program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project (" Hook "), Athabasca Basin area (the " Basin "), northern Saskatchewan (see Figure 1 and Table 1 ).

"Our success at ACKIO this year has exceeded our expectations. We've grown ACKIO very quickly with over 22,000 metres having been drilled since February.  The final drill holes of the Program continued to intersect near-surface mineralization, expanding the footprint of known mineralization at shallow depths.  The discovery of uranium mineralization just 25 metres below surface puts ACKIO into a rare category with near-surface open pit mined Athabasca uranium deposits.  Our objective now is to incorporate all the data we have collected this year, including recently flown airborne geophysical surveys, to refine our geological models, to determine mineralized vectors at ACKIO, and to assess the required drill hole density for completing a mineral resource estimate for ACKIO.  Once complete we plan to return to ACKIO with an aggressive drill campaign to discover more uranium mineralization," said James Sykes , CEO, President and Director of Baselode.

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Baselode Intersects 81 Metres and 30 Metres of Radioactive Mineralization Near Surface; New Near-Surface Zone Discovered

Baselode Intersects 81 Metres and 30 Metres of Radioactive Mineralization Near Surface; New Near-Surface Zone Discovered

  • AK22-065 intersected a total 81.0 metres of composite mineralization including 1,057 cps over 52.3 m , ranks as the second-best drill hole on the project
  • AK22-052 intersected 2,677 cps over 30.0 metres beginning 30.0 metres downhole, ranks as best drill hole on the project
  • Another near-surface zone has been discovered

 Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to provide an update for the ongoing 20,000 metre diamond drilling program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project (" Hook "), Athabasca Basin area (the " Basin "), northern Saskatchewan (see Figure 1 and Table 1 ).

"Four of these reported drill holes now rank amongst the top six in composite radioactivity results, as Baselode continues to expand upon its ACKIO near-surface discoveries. These results demonstrate high levels of radioactivity but also considerable widths of mineralization. Additionally, results from AK22-063 suggest that we've discovered another near-surface zone. The remainder of the drill program will seek to delineate the extent of these near-surface zones as they remain open in all directions. These discoveries are very shallow, with mineralization beginning 25 metres from surface at the overburden contact, similar to the open-pit mines in the Athabasca's history, most notably Rabbit Lake , Cluff Lake , and Uranium City operations," said James Sykes , CEO, President and Director of Baselode.

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Labrador Uranium Provides Exploration and Machine Learning Update: Continuing to Add Targets

Labrador Uranium Provides Exploration and Machine Learning Update: Continuing to Add Targets

Labrador Uranium Inc. (" LUR ", " Labrador Uranium ", or " the Company ") (CSE: LUR, OTCQB: LURAF, and FRA: EI1) is pleased to provide an update on its ongoing exploration and Machine Learning programs within its property (the "CMB Property") located in the Central Mineral Belt ("CMB") in Central Labrador, Canada.

The inaugural program includes a drill campaign and bedrock mapping program along the 20+ kilometer-long Moran Lake Trend (Figure 1). The goal of the current drilling program is two-fold: 1) to test the extent of the known historical uranium deposits/resources; and 2) to zero-in on conceptual Uranium and IOCG (Iron Oxide Copper-Gold) targets derived from LUR's Machine Learning Program. Current exploration in the CMB also includes preparatory work for ground geophysics in the Mustang Lake prospect area, where the target is to find uranium mineralization similar to Paladin Energy's Michelin Deposit.

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Blue Sky Uranium Launches Field Work and Advances two Priority Exploration Targets within the Amarillo Grande Project, Argentina

Blue Sky Uranium Launches Field Work and Advances two Priority Exploration Targets within the Amarillo Grande Project, Argentina

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) ("Blue Sky" or the "Company") is pleased to announce that the Company is launching a comprehensive field exploration program at the Cateo Cuatro sector to refine drilling targets, and has advanced the Ivana East target to the drill-testing stage. The Ivana East target is 10km east of the Ivana deposit while Cateo Cuatro is located 32km to the southwest.  These important targets have been prioritized by the Company as part of its strategy aimed at defining additional uranium deposits within the 145km long and wholly owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province Argentina ("AGP").

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Skyharbour's Partner Company Valor Resources Identifies Eleven New Uranium Targets at the Hook Lake Uranium Project in the Athabasca Basin

Skyharbour's Partner Company Valor Resources Identifies Eleven New Uranium Targets at the Hook Lake Uranium Project in the Athabasca Basin

Skyharbour Resources Ltd.'s (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company Valor Resources Limited ("Valor") is pleased to advise that it has completed the interpretation of airborne gravity gradiometry survey data at the Hook Lake Uranium Project situated on the eastern flank of the Athabasca Basin.

Hook Lake Project: https://www.skyharbourltd.com/_resources/maps/Sky_HookLake_20211209.jpg

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Ellis Martin Report: Skyharbour Resources Ltd  CEO Jordan Trimble Provides an Update on the Athabasca Uranium Projects

Ellis Martin Report: Skyharbour Resources Ltd CEO Jordan Trimble Provides an Update on the Athabasca Uranium Projects

Malibu, CA, United States (ABN Newswire) - Join Ellis Martin for a conversation with Jordan Trimble, the President and Chief Executive Officer of Skyharbour Resources Ltd (CVE:SYH) (OTCMKTS:SYHBF) (FRA:SC1P) a preeminent uranium and thorium exploration Company with projects located in the prolific Athabasca Basin of Saskatchewan, Canada. In this segment Mr. Trimble reviews the macroeconomics of the current uranium market and the company's latest partner project news.

Skyharbour Resources is pleased to announce the commencement of a phase two diamond drilling program at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.

Highlights:

Phase two drilling is designed to follow-up on exciting targets generated from phase one drilling and recently completed geophysical surveys at Mann Lake.

Approximately 4,000 metres of core drilling is planned for phase two covering the southern portion of the project.

The first hole of phase two will follow-up on uranium mineralization in hole MN22-002 (see Company's news release dated September 7, 2022).

Drilling will also test conductive zones and structures identified in this summer's Mobile MT survey along the unconformity contact that corresponds to prevalent gravity lows located near the southeastern portion of the project (see Company's news release dated September 13, 2022).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/683378TY

To listen to the Interview, please visit:
https://www.abnnewswire.net/press/en/114017/syh



About Skyharbour Resources Ltd.:

Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which is located approximately 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration project with high grade uranium mineralization at the Maverick Zone. Drill results have returned up to 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of specific segments of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit. The Company also owns a 100% interest in the Falcon Point Uranium Project which hosts a high-grade surface showing with up to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade uranium mineralization has been identified. Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

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Skyharbour's Partner Company Basin Uranium Corp. Commences Its Phase Two Diamond Drilling Program at Mann Lake

Skyharbour's Partner Company Basin Uranium Corp. Commences Its Phase Two Diamond Drilling Program at Mann Lake

Skyharbour Resources Ltd. 's ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company, Basin Uranium Corp. ("Basin Uranium") is pleased to announce the commencement of a phase two diamond drilling program at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.

Mann Lake Uranium Project :
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

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Purepoint Uranium Prepares for Follow-Up Drill Program at Red Willow Project

Purepoint Uranium Prepares for Follow-Up Drill Program at Red Willow Project

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced today the commencement of mobilization efforts at the 100%-owned Red Willow project within the eastern uranium mine district of the Athabasca Basin, Saskatchewan Canada. This past winter's drilling intersected uranium mineralization along 1.2 kilometres of strike length associated with the northern area of the Osprey Zone electromagnetic (EM) conductor.

"We are now following up on assays that confirm the presence of uranium mineralization over a distance of nearly a mile, suggesting that a broad mineralizing event occurred throughout this region," said Chris Frostad, President and CEO at Purepoint. "Last winter's drill program consistently returned anomalous uranium highlighted by RW22-06 that intersected 0.47% U3O8 over 0.9 metres and our final winter hole RW22-15 which encountered alteration and structure favourable to uranium deposition."

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