Baselode Commences Airborne Gravity Surveys Over Uranium Exploration Properties

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce that fixed-wing airborne gravity surveys (the " Surveys ") have commenced over the Hook and Catharsis high-grade uranium exploration properties (the " Properties "), Athabasca Basin area (" Athabasca "), northern Saskatchewan .

The Surveys are Falcon® Plus airborne gravity gradiometer, gravity and magnetics covering the entire Properties; Catharsis with 400 m flight line-spacing and Hook with 200 – 400 m flight line-spacing.  The Company anticipates finding gravity low features along pre-defined structural corridors on both properties.which are commonly associated with hydrothermal alteration systems +/- uranium deposition.

"We're very excited to announce that the Surveys have started.  The results will help define and refine our exploration areas of interest moving forward, which are planned to be followed-up with diamond drilling in the coming months.  The Surveys will provide Baselode with Property-wide information within a small timeframe.  Gravity surveying is a tool that has provided a useful vector for discovering a number of uranium deposits within the Athabasca area.  We anticipate the Survey results to overlap with our current target areas.  The continued historic data integration for Baselode's Properties are creating overlapping areas of geophysical and geological information which we are using to define drill targets," said James Sykes , CEO and President of Baselode.

Immediate follow-up exploration plans include; i) high-resolution airborne magnetics and radiometrics over Catharsis and Hook, both with the intention of maximizing radiometric results, and ii) an airborne EM survey over Catharsis, prioritizing structural targets.  The Company plans to follow-up the airborne surveys with ground reconnaissance, mapping and sampling in order to prioritize planned diamond drill programs (see Baselode New Release dated April 8, 2021 for more detailed information on Baselodes Spring/Summer exploration plans).

The Surveys are being conducted by CGG Canada Services Ltd. of Mississauga, Ontario, Canada , and are estimated to be complete between 3 to 4 weeks of this news release.  Baselode will provide an update of the results as they become available.

Update on Shadow Project Exploration
Baselode would also like to update that positive dialogue between the Company and the the Turnor Lake Indigenous communities (Birch Narrows Dene Nation and Métis Nation Saskatchewan local #40) continues concerning exploring the Shadow project. Baselode is confident that a mutually beneficial and environmentally responsible resolution can be achieved in the near term and will keep its shareholders updated accordingly.

About Baselode Energy Corp.
Baselode currently controls 100% of approximately 171,000 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." For further information, please contact:

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: https://www.newswire.ca/en/releases/archive/April2021/26/c4852.html

News Provided by Canada Newswire via QuoteMedia

Baselode Energy

Baselode Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
TSXV:FIND

Baselode Energy


Keep reading...Show less
Mart Wolbert, nuclear reactors.

Mart Wolbert: Uranium Bull Thesis Intact, "Half-time Break" Ending Soon

Mart Wolbert, analyst at Contrarian Codex, shared his latest thoughts on the uranium market, including what's next for prices and key factors to watch when it comes to supply and demand.

When asked how far the current cycle has progressed, he said that in the context of his "stadium" model, a concept he explained in a previous interview, uranium's half-time break is almost over.

"That's not to say that we won't have any water breaks in between as the equities pull back and go up. That's just the nature of the market, it's the nature of any market. Nothing goes up in a straight line," Wolbert said.

Keep reading...Show less
Savana sunrise in Tanzania, Africa.

Rich Resources, Friendly Regulations Make Tanzania an Emerging Haven for Exploration

Investors examining the value propositions of mining projects require a greater understanding of local regulatory, geological and geopolitical landscapes. One emerging destination for explorers and miners is Tanzania.

The history of the Tanzanian mining industry moves from colonial governance, through African socialism and state control, to policies favourable to foreign investment. British and South African mining operations opened 100 years ago in the Mwadui area. During the Second World War, however, gold prospecting was banned.

After Tanzania became independent in 1961, state institutions controlled mining there until the 1990s. That’s when the government created the Investment Promotion Policy to attract international investors to the country’s diverse mineral resources base.

Keep reading...Show less
solar panels and wind turbines

Antimony: Lesser Known, Yet Highly Critical

Despite its designation as a critical mineral in the US, Canada, Australia and the EU, antimony remains largely unknown.

Although it may seem less popular than its hyped-up counterparts like rare earths and lithium, antimony’s industrial and strategic importance cannot be ignored. Antimony has for decades been crucial to countless sectors, and its military applications made US-produced antimony crucial to the Second World War.

Now, as the world moves towards a future defined by clean energy and decarbonization, it's arguably more important than ever — and a compelling addition to any investment portfolio.

Keep reading...Show less

Global Atomic Applies to Extend the Expiry Date of Certain Warrants

Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announces that it has applied to the Toronto Stock Exchange (the " TSX ") to extend the expiry dates of a total of 9,583,334 outstanding common share purchase warrants of the Company (the " Warrants ") and 560,000 outstanding broker warrants (the " Broker Warrants "). The Warrants and Broker Warrants were issued pursuant to a public offering of securities of the Company which closed on March 17, 2023 . Each of the Warrants has an exercise price of C$4.00 per share and each of the Broker Warrants has an exercise price of C$3.00 per share. Both the Warrants and the Broker Warrants have an expiry date of September 17, 2024 . The Company has applied to the TSX to extend the expiry date to December 31, 2024 . No insiders of the Company hold any of these Warrants or Broker Warrants, directly or indirectly. Finalization of this extension is subject to the approval of the TSX. If such approval is obtained, this extension will be effective ten business days from the date of this news release.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Energy Fuels

Federal Court of Australia Approves Transformational Acquisition of Base Resources

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), an industry leader in uranium and rare earth elements ("REE") production for the energy transition, is pleased to announce that the Federal Court of Australia (the "Court") has today made orders approving the proposed acquisition of Base Resources Limited ("Base") by Energy Fuels by way of a scheme of arrangement under Australia's Corporations Act (the "Scheme").

As previously announced on April 21, 2024, under the Scheme, Energy Fuels will acquire 100% of the issued shares of Base in consideration of the issuance by the Company of 0.026 Energy Fuels Common Shares for every Base share held and the payment by Base of a special dividend of AUD $0.065 per Base share.

Keep reading...Show less
Russian flag.

Putin Mulls Uranium, Nickel and Titanium Export Limits in Response to Western Sanctions

Russian President Vladimir Putin has suggested Russia should consider limiting exports of key metals and raw materials, including uranium, titanium and nickel, as a response to western sanctions.

According to a Wednesday (September 11) Reuters report, Putin raised the idea in televised comments to government ministers, highlighting Russia’s important role in global supply of strategic commodities.

“Russia is the leader in reserves of a number of strategic raw materials,” Putin said.

Keep reading...Show less
Baselode Energy

Baselode Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×