| 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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