TORONTO, Feb. 9, 2022 /CNW/ – Baselode Energy Corp. (TSXV:
FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is
pleased to announce that a 10,000 metre diamond drilling program
has started on the high-grade uranium ACKIO discovery
("ACKIO"), Hook project ("Hook"), Athabasca Basin area, northern Saskatchewan.
"Since the ACKIO discovery in September, we've been eagerly
anticipating this aggressive drill program to provide us with a
better understanding of the ACKIO uranium mineralization system. In
the four holes completed last year, we intersected a massive
hydrothermal alteration envelope proving fertile for high-grade
uranium deposition. ACKIO's mineralization remains open in
all directions, and the objective of this program is to drill 50
metre continuous step-out holes to the north and south along strike
of known high-grade mineralization. We will also test the sandstone
for unconformity-style of mineralization and sub-parallel
mineralized trends to the east," said James
Sykes, CEO, President and Director of Baselode.
The 10,000 metre diamond drill program is helicopter supported
to lessen any ground-induced environmental impacts within the
project area.
Baselode intends to release drill core radioactivity results as
a prelude to uranium assay results on a bi-monthly
schedule. Uranium assay results will be released as they are
received after being compiled and thoroughly checked by the
technical team.
ACKIO is located 30 km southeast of well-established
infrastructure including an all-season road and powerline between
Cameco Corp.'s (TSX: CCO) and Orano's McArthur River mine and Key Lake Uranium mill
joint ventures. ACKIO is 70 km northeast of the Key Lake
mill.
About Baselode Energy Corp.
Baselode controls 100% of
approximately 227,000 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free
of any option agreements or underlying royalties.
Baselode's Athabasca 2.0
exploration thesis is focused on discovering near-surface,
basement-hosted, high-grade uranium orebodies outside of the
Athabasca Basin. The exploration
thesis is further complemented by the Company's preferred use of
innovative and well-understood geophysical methods to map deep
structural controls to identify shallow targets for diamond
drilling.
QP Statement
The technical information contained in
this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President,
Exploration & Development for Baselode Energy Corp., who is
considered to be a Qualified Person as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral
Projects."
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the TSX Venture Exchange
policies) accepts responsibility for the adequacy or accuracy of this
release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Baselode Energy Corp. assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Baselode Energy Corp. Additional information
identifying risks and uncertainties is contained in the Company's
filings with Canadian securities regulators, which filings are
available under Baselode Energy Corp. profile at www.sedar.com.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws, unless an
exemption from such registration is available.
SOURCE Baselode Energy Corp.
