Energy

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.

VIEW BASELODE'S VIDEO UPDATE

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.

SOURCE Baselode Energy Corp.

Cision View original content: http://www.newswire.ca/en/releases/archive/September2022/26/c8987.html

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FIND:CA
Baselode Intersects 50 Metres of 0.40% Uranium Starting at 45.0 m True Vertical Depth

Baselode Intersects 50 Metres of 0.40% Uranium Starting at 45.0 m True Vertical Depth

  • AK22-065: 80 m of composite mineralization includes
    • 0.40% U 3 O 8 over 50.1 m starting at 45.0 m true vertical depth which includes 0.96% U 3 O 8 over 13.85 m
    • 0.50% U 3 O 8 over 7.25 m starting at 102.2 m true vertical depth
    • 0.20% U 3 O 8 over 7.0 m starting at 118.6 m true vertical depth
  • AK22-068: 0.50% U 3 O 8 over 18.5 m starting at 55.2 m true vertical depth which includes 1.53% U 3 O 8 over 3.5 m
  • AK22-071: 0.14% U 3 O 8 over 25.55 m starting at 177.1 m true vertical depth
  • Four of the nine reported drill holes intersected uranium mineralization shallower than 50 m from surface

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce the geochemical assay results from drill holes AK22-065 and AK22-067 to AK22-074, including previously unreleased assay results from drill hole AK22-069 (0.90% U 3 O 8 over 31.0 m see news release dated September 20, 2022 ).  The drill holes were part of a 22,500 metre diamond drill program (the " Program ") that was completed between February and August on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project, Athabasca Basin area (the " Athabasca "), northern Saskatchewan (see Table 1 and Figure 1 ).

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Baselode Intersects Best Drill Hole To Date With 0.90% U3O8 Over 31.0 Metres Starting at 69.3 m True Vertical Depth

Baselode Intersects Best Drill Hole To Date With 0.90% U3O8 Over 31.0 Metres Starting at 69.3 m True Vertical Depth

  • 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 ).

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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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Skyharbour Resources Receives $895,000 from Warrant Exercises

Skyharbour Resources Receives $895,000 from Warrant Exercises

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the "Company") is pleased to announce it has received an aggregate CAD $895,027.32 from the exercise of share purchase warrants with a strike price at $0.22 since June 29 th 2022. A total of 4,068,306 warrants have been exercised with this batch of warrants expiring November 29 th 2022.

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Cosa Resources Announces Appointment of Veteran Uranium Geologist Ted Trueman to Its Board of Directors

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(TheNewswire)

Cosa Resources Corp.

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CanAlaska Announces: Assays Confirm Nickel Mineralization in Ongoing Phase 2 Summer Drill Program at Manibridge

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CanAlaska at Mines and Money London "Resourcing Tomorrow" Event From November 29th to December 1st

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Cosa Resources' Steve Blower and Craig Parry win AME Award for Excellence in Global Mineral Exploration

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(TheNewswire)

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