Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) has announced uranium (U3O8) assay results from 11 drill holes from its 7,500 m diamond drilling programme targeting the deepest parts of the ACKIO uranium system on its Hook project in Saskatchewan, Canada.
The assays reported are all from the deepest drilling at ACKIO. Baselode has pending assay results from the remaining 25 drill holes.
“The results from the deep targets in drill holes AK23-88 and AK23-82 clearly demonstrate mineralization remains strong and open at depth as we attempt to connect the near-surface mineralization with these new zones at depth,” said James Sykes, CEO, president, and director of Baselode.
“The assay results from hole AK23-88 rank it is a top-ten drill hole at ACKIO. In particular, AK23-88 intersected four individual high-grade uranium lenses, including 0.53% over 3.0m and 0.75% over 1.5m, while holes AK23-84 through AK23-88 demonstrate continuity of higher grades of mineralization at depth.”
36 drill holes over 7,512m were completed. Within this, ACKIO consisted of 30 drill holes for 6,193m, Mirror consisted of five drill holes for 1,145m (AK23-105 to AK23-109), and one drill hole (HK23-008) for 174m was completed on a regional exploration target.
Four of the reported drill holes (AK23-84 to AK23-88, excluding AK23-87) all intersected high-grade uranium mineralization over a minimum width of 0.5m core length.
ACKIO is 30km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.’s and Orano’s projects and Key Lake uranium mill joint ventures. ACKIO is 70km northeast of the Key Lake mill. The programme was helicopter-supported to lessen any ground-induced environmental impacts within the project area.
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