Baselode Provides Spring/Summer Exploration Plans for its Three Athabasca High-Grade Uranium Projects

 Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to provide detailed plans for high-grade uranium exploration on the Company's Catharsis, Hook and Shadow properties (the " Properties "), Athabasca Basin area (" Athabasca ") of Saskatchewan .

Baselode's exploration plans include:

  • Airborne Falconplus gravity surveys covering the Properties, each with 400 m flight line-spacing (May and June)
  • High-resolution airborne magnetics and radiometrics over Catharsis and Hook, both with 50 m flight line-spacing and low-level flying to maximize radiometric results (May and June)
  • Detailed airborne VTEM over Catharsis to help prioritize structural targets, each with 200 m flight-line spacing (May and June)
  • Ground reconnaissance prospecting, mapping and sampling following-up priority anomalies identified from the airborne geophysical surveys (June to August); and
  • 1,000 to 2,500 m of diamond drilling (between 4 to 12 drill holes) on each Property targeting coincident airborne geophysical anomalies and areas of interest identified during ground reconnaissance exploration (July to October).

"Our goal is to incorporate the airborne geophysics with the ground geology results to produce drill-ready targets.  We plan to complete a variety of high-resolution airborne geophysical surveys on each of our Properties.  These surveys provide Property-wide information within a small timeframe and can detect structurally-controlled hydrothermal fluid alteration and uranium systems.  We expect to identify quality drill targets by integrating each of the gravity, magnetic, EM, and radiometric data.  Additionally, we will incorporate the known high-grade uranium occurrences at surface, such as boulders, outcrops and radiometric anomalies.

Should these uranium surface expressions line up with our coincident geophysical data, we will move to drill test these anomalies," said James Sykes , CEO and President of Baselode.

Update on Shadow Project Exploration
Baselode would also like to update the consultation with the Turnor Lake Indigenous communities (Birch Narrows Dene Nation and Métis Nation Saskatchewan local #40) concerning exploring its Shadow Project. Although Baselode's original timeframes have been delayed, we are encouraged by ongoing positive dialogue between the Company and the communities. Baselode is also encouraged by communities' expression in the benefits and economic development that exploration offers, provided activities are completed responsibly. 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 159,000 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 Charles Beaudry , P.Geo and géo., Director of Baselode Energy Corp., and Cameron MacKay , P.Geo., Projects Manager for Baselode Energy Corp., who are both 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: https://www.newswire.ca/en/releases/archive/April2021/08/c0721.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
GTI Energy

Major 50% Upgrade Boosts Lo Herma Uranium Resource to 8.57Mlbs, Scoping Study Initiated

GTI Energy Ltd (GTI or Company) is pleased to update the uranium Mineral Resource Estimate (MRE) at its Lo Herma Project (Lo Herma or the Project) located in Wyoming’s Powder River Basin (Figure 1). The MRE for the Project is focused on mining by In-Situ Recovery (ISR) methods and is reported at an appropriate cut-off grade of 200 ppm U3O8 and a minimum grade thickness (GT) of 0.2 per mineralised horizon as:

6.21 million tonnes of total mineralisation at average grade of 630 ppm eU3O8 for 8.57 million pounds (Mlbs) of eU3O8 contained metal classified as 2.78Mlbs of Indicated (32%) and 5.79Mlbs of Inferred.

Keep reading...Show less
Nick Hodge, gold bars.

Nick Hodge: Uranium and Gold Outlook for 2025, Plus Battery Passport Profits

In an interview at the New Orleans Investment Conference, Nick Hodge, publisher at Digest Publishing, discussed the growing prevalence of "battery passports" and the investment angle he sees there.

He also shared his thoughts on how to invest in uranium at this point in the cycle, saying that power-intensive artificial intelligence (AI) data centers are boosting demand for the commodity, which was already strong.

"I've been a uranium bull for a long time — our moment is here. You can't have AI without uranium," said Hodge.

Keep reading...Show less
Nuclear Fuels CEO and President Greg Huffman.

Nuclear Fuels Aims to Boost US Domestic Uranium Supply Chain, CEO Greg Huffman says

Issues facing the global uranium supply chain have created a significant opportunity for emerging explorers and producers to leverage the growing demand for nuclear energy and build more secure and stable domestic supply chains.

In an interview with the Investing News Network, Nuclear Fuels (CSE:NF) CEO and President Greg Huffman said his company is strategically positioned to supply growing US uranium demand by advancing its uranium projects in Wyoming.

“We have massive, massive increases in terms of expected demand for uranium,” he said. “What we at Nuclear Fuels are focused on is being able to come up with new sources of domestic US uranium to help supply that increase in demand for nuclear power.”

Keep reading...Show less

Laramide's 2024 Drill Program Continues to Return Strong Results at the Westmoreland Project in Queensland, Australia, including Notable Gold Mineralisation

Highlights:

  • Results continue to demonstrate the potential to link the Huarabagoo and Junnagunna uranium deposits
    • HJ24DD017 – 25.00m @ 393.64 ppm (0.04%) U 3 O 8 from 15.00m ,
      • including 1.00m @ 1,015.29 ppm (0.10%) U 3 O 8 from 28.00m
      • and 1.00m @ 2,128.46 ppm (0.21%) U 3 O 8 from 34.00m
    • HJ24DD019 – 6.00m @ 1,177.43 ppm (0.12%) U 3 O 8 from 87.00m ,
      • including 4.00m @ 1,520.58 ppm (0.15%) U 3 O 8 from 89.00m
  • Uranium mineralisation at Huarabagoo continues to deliver impressive results including:
    • HB24DD010 – 15.60m @ 2,237.03 ppm (0.22%) U 3 O 8 and 0.53 g/t Au from 68.40m ,
      • including 1.00m @ 2,264.06 ppm (0.23%) U 3 O 8 and 0.23 g/t Au from 70.00m
      • and 7.00m @ 4311.16 ppm (0.43%) U 3 O 8 and 0.10 g/t Au from 76.00m
      • with highest intercept result of 1.00m @ 1.42% U 3 O 8 and 0.01 g/t Au from 80.00m
  • Broad zones of gold mineralisation were also intercepted with grades up to 24.2g/t Au
    • HB24DD008 – 19.00m @ 620.58 ppm (0.06%) U 3 O 8 and 1.95 g/t Au from 48.00m ,
      • including 2.00m @ 1,720.45 ppm (0.17%) U 3 O 8 and 1.64 g/t Au from 57.00m
      • and 2.00m @ 2,202.16 ppm (0.22%) U 3 O 8 and 12.39 g/t Au from 64.00m
      • with highest intercept result of 1.00m @ 2,299.44 ppm (0.22%) U 3 O 8 and 24.20g/t Au from 65.00m
    • HB24DD006 – 8.00m @ 1,449.86 ppm (0.14%) U 3 O 8 & 0.22 g/t Au from 36.00m ,
      • including 1.70m @ 6,208.83 ppm (0.62%) U 3 O 8 & 0.78 g/t Au from 37.60m .
  • New Exploration Permit (EPM 28807) granted adjacent to Westmoreland Project adding 327km   2 of highly prospective tenure in NW Queensland

Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to announce another batch of assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ) and the receipt of a permit for exploration for a large land package immediately east of and adjacent to the current Westmoreland land tenure.

News Provided by Canada Newswire via QuoteMedia

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

×