Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has confirmed high-grade uranium in assay results from the first diamond drill hole, AK21-01, of the recent ACKIO Uranium discovery on the Hook project, Athabasca Basin area, northern Saskatchewan.
Highlights include:
- High-grade Uranium confirmed; 1.29 wt% U3O8 over 0.5 m at 138.8 m and 0.66 wt% U3O8 over 0.5 m at 142.3 m
- Primary mineralised zone measuring 15.5 m of 0.13 wt% U3O8 starting at 134.3 m
- Multiple uranium intersections occurring over 200 m of drill hole length.
“We are very excited with the confirmation of high-grade Uranium at ACKIO. The ACKIO discovery is beginning to take shape; with high-grade Uranium intersected near-surface, multiple and widespread zones of mineralisation, and an alteration halo that exceeds over 230 m which is suggestive of a massive structurally-controlled fluid system,” said CEO, President and Director, James Sykes.
“We are still in the early days of exploring and learning more about ACKIO but these assay results from AK21-01 have provided us with invaluable information to help us plan our next steps accordingly.”
Planned Winter Drill Programme on ACKIO
Baselode is planning for a 10,000, diamond drill programme on the ACKIO discovery to begin in mid- to late-January.
Drill holes will be planned to intersect mineralisation along strike and dip, which remains open in all directions, and to test for unconformity-style of mineralisation.
The drill programme will be operated with helicopter support to lessen any ground-induced environmental impacts within the project area.
ACKIO is located 30 km southeast of well-established infrastructure including an all-season road and powerline that runs between Cameco Corp.’s and Orano’s McArthur River mine and Key Lake Uranium mill joint ventures. ACKIO is located 70 km northeast of the Key Lake mill.
For further information please visit: https://baselode.com/
