Announcement Date: 2022-03-07
Announcement Type: Exploration Update
Announcement Code: NI43-101
Company name: Baselode Energy Corp.
Project name: Hook
Location: Canada
Commodities: Uranium
Highlight: 25,000m cps intersected from 217.1m depth
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, March 7, 2022 /CNW/ – Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (“Baselode” or the “Company”) is pleased to provide an update of the on-going 10,000 metre diamond drilling program (the “Program”) on the ACKIO high-grade uranium discovery (“ACKIO”), Hook project (“Hook”), Athabasca Basin area, northern Saskatchewan. The Company is preparing a video presentation to provide more details and interpretations regarding the results from this news release. The video is expected in the coming days. Since announcing the start of the Program on February 9, 2022 (see Company News Release), Baselode has completed 7 drill holes (AK22-05 to AK22-11) for 2,185.6 m (see Figure 2). Three drill holes (AK22- 08, AK22-09 and AK22-11) have intersected continuous elevated radioactivity. Figure 3 is a schematic representation of the interpreted geology along the discovery drill fence which includes drill holes AK21-01 to AK22-06. A complete list of drill hole collar details and hand-held scintillometer radioactivity composite measurements are in Table 1. Table 2 is provided for comparison of radioactivity and geochemical assay results from the 2021 drill holes with those from Table 1.
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