Baselode Drills Numerous High-Grade Uranium Intersections In Athabasca Basin

Baselode Energy Corp. (TSXV: FIND) has received positive geochemical assay results from 21 drill holes of the now-complete 2022 diamond drill programme on the ACKIO high-grade uranium discovery (ACKIO), Hook project, Athabasca Basin area, northern Saskatchewan, Canada

Latest drill hole highlights include:

• AK22-008: 0.11% U₃O₈ over 8.0 m at 175.65 m (124.2 m true vertical depth)
• AK22-009: 0.28% U₃O₈ over 10.5 m at 136.6 m (107.6 m true vertical depth) includes
  • 0.51% U₃O₈ over 2.0 m at 137.1 m and
  • 1.32% U₃O₈ over 0.5 m at 144.6 m
• AK22-011: 0.69% U₃O₈ over 3.6 m at 204.2 m (144.6 m true vertical depth) (NOTE: includes 2.1 m core loss over interval) includes
  • 1.26% U₃O₈ over 0.5 m at 206.8 m
  • 0.17% U₃O₈ over 13.85 m at 214.0 m (151.3 m true vertical depth) includes
  • 0.59% U₃O₈ over 0.5 m at 214.0 m and
  • 1.14% U₃O₈ over 0.5 m at 217.1 m
• AK22-023: 0.23% U₃O₈ over 13.5 m at 208.0 m (147.1 m true vertical depth) includes
  • 0.72% U₃O₈ over 1.5 m at 218.0 m
  • 0.21% U₃O₈ over 16.0 m at 234.5 m (165.8 m true vertical depth) includes
  • 0.83% U₃O₈ over 1.0 m at 248.0 m
• AK22-025: 0.19% U₃O₈ over 4.9 m at 152.5 m (132.1 m true vertical depth)
  • 0.23% U₃O₈ over 13.2 m at 213.5 m (184.9 m true vertical depth) includes
  • 0.86% U₃O₈ over 1.5 m at 218.5 m
• AK22-032: 0.55% U₃O₈ over 13.2 m at 192.35 m (136.0 m true vertical depth) includes
  • 0.99% U₃O₈ over 6.3 m at 196.0 m

“We’re very happy to be releasing the first set of uranium assay results from this years 22,485 metre drill programme on ACKIO,” CEO, President and Director, James Sykes, said.

“These results are better than we had anticipated.  We’re seeing a lot of mineralisation in these early programme drill holes that exceed the results from our discovery drill programme last year.  Five of our drill holes intersected mineralisation exceeding 10 metres in core length, and a few drill holes have multiple intercepts.  These are significant as they demonstrate a thick, robust, and multi-layered deposit. 

“The mineralisation reported herein is shallow, within 100 to 200 metres true vertical depth from the surface.  We’re confirming grades and other characteristics at ACKIO that are similar to historically mined open pit deposits in the Basin area. 

“We are excited for the assays from the remaining thirty-six drill holes with elevated radioactivity to be received as we believe they will continue to highlight excellent U₃O₈ assay results from shallower depths intersected at ACKIO.”

For further information please visit: https://baselode.com/