Announcement Date: 2022-09-20
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Baselode Energy Corp.
Project name: Hook
Location: Canada
Commodities: Uranium
Highlight: Drilling results incl. 12.5m at 1.86% U3O8 from 79.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, Sept. 20, 2022 /CNW/ – 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% U3O8 over 31.0 m starting at 69.3 m true vertical depth which includes 1.86% U3O8 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 highgrade 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% U3O8 over 0.5 m. Hole -069 was drilled down-dip of holes AK22-051 (0.50% U3O8 over 28.9 m) and AK22-052 (0.58% U3O8 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.
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