Baselode Defines the Significance of Massive Clay Alteration System Identified on Hook Uranium Project
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has announced significant findings from its exploration drill program on the Hook project in Saskatchewan's Athabasca Basin area. The company has identified two large-scale alteration systems with potential for high-grade uranium deposits:
1. HK24-016 area: A massive hydrothermal clay alteration system measuring over 250m wide by 400m deep, with a core of 100m wide by at least 200m deep.
2. HK24-010 area: An alteration system with 13.2m of continuous anomalous radioactivity within a 200m wide alteration corridor.
These systems share similarities with known high-grade Athabasca uranium deposits. The company is well-funded and plans to conduct follow-up drilling on these high-priority targets. Assay results are pending for drill hole samples sent to Saskatchewan Research Council.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ha annunciato risultati significativi dal suo programma di perforazione esplorativa sul progetto Hook nell'area del Bacino di Athabasca in Saskatchewan. L'azienda ha identificato due sistemi di alterazione su larga scala con potenziale per depositi di uranio ad alto grado:
1. Area HK24-016: Un sistema massiccio di alterazione in argilla idrotermale che misura oltre 250 metri di larghezza per 400 metri di profondità, con un nucleo di 100 metri di larghezza per almeno 200 metri di profondità.
2. Area HK24-010: Un sistema di alterazione con 13,2 metri di radioattività anomala continua all'interno di un corridoio di alterazione largo 200 metri.
Questi sistemi condividono somiglianze con i noti depositi di uranio ad alto grado di Athabasca. L'azienda è ben finanziata e prevede di condurre perforazioni di follow-up su questi obiettivi ad alta priorità. I risultati di analisi sono in attesa per i campioni di perforazione inviati al Saskatchewan Research Council.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ha anunciado hallazgos significativos de su programa de perforación exploratoria en el proyecto Hook en el área de la Cuenca de Athabasca en Saskatchewan. La empresa ha identificado dos sistemas de alteración a gran escala con potencial para depósitos de uranio de alta ley:
1. Área HK24-016: Un sistema masivo de alteración de arcilla hidrotermal que mide más de 250 metros de ancho por 400 metros de profundidad, con un núcleo de 100 metros de ancho por al menos 200 metros de profundidad.
2. Área HK24-010: Un sistema de alteración con 13,2 metros de radioactividad anómala continua dentro de un corredor de alteración de 200 metros de ancho.
Estos sistemas comparten similitudes con los depósitos de uranio de alta ley conocidos de Athabasca. La empresa tiene buenos fondos y planea realizar perforaciones de seguimiento en estos objetivos de alta prioridad. Los resultados de los ensayos están pendientes para las muestras de perforación enviadas al Saskatchewan Research Council.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)는 Saskatchewan의 Athabasca Basin 지역에 있는 Hook 프로젝트에서 탐사 드릴 프로그램의 중요한 발견을 발표했습니다. 이 회사는 고농축 우라늄 매장 가능성이 있는 두 개의 대규모 변형 시스템을 확인했습니다:
1. HK24-016 지역: 너비 250m 이상, 깊이 400m 이상의 거대한 수열변화 점토 변형 시스템으로, 너비 100m, 깊이 200m 이상인 코어를 포함합니다.
2. HK24-010 지역: 폭 200m의 변형 통로 내에서 13.2m의 연속 비정상 방사능이 있는 변형 시스템입니다.
이 시스템들은 이미 알려진 고농축 Athabasca 우라늄 매장지들과 유사합니다. 이 회사는 자금이 충분하며, 이러한 높은 우선 순위 목표에 대해 후속 드릴링을 계획하고 있습니다. Saskatchewan Research Council에 발송된 드릴 홀 샘플의 분석 결과는 아직 보류 중입니다.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) a annoncé des résultats significatifs de son programme de forage exploratoire sur le projet Hook dans la région du Bassin d'Athabasca en Saskatchewan. L'entreprise a identifié deux systèmes de modification à grande échelle présentant un potentiel pour des dépôts d'uranium de haute qualité :
1. Zone HK24-016 : Un système massif de modification en argile hydrothermale mesurant plus de 250 m de large sur 400 m de profondeur, avec un noyau de 100 m de large et au moins 200 m de profondeur.
2. Zone HK24-010 : Un système de modification avec 13,2 m de radioactivité anormale continue à l'intérieur d'un corridor d'altération de 200 m de large.
Ces systèmes partagent des similarités avec les dépôts d'uranium de haute qualité connus d'Athabasca. L'entreprise est bien financée et prévoit de mener des forages de suivi sur ces cibles de haute priorité. Les résultats des analyses sont en attente pour les échantillons de forage envoyés au Saskatchewan Research Council.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) hat bedeutende Ergebnisse aus seinem explorativen Bohrprogramm im Hook-Projekt im Athabasca-Becken in Saskatchewan bekannt gegeben. Das Unternehmen hat zwei großflächige Alterationssysteme mit Potenzial für hochgradige Uranlagerstätten identifiziert:
1. HK24-016 Bereich: Ein massives hydrothermales Tonalterationssystem, das über 250 m breit und 400 m tief ist, mit einem Kern von 100 m Breite und mindestens 200 m Tiefe.
2. HK24-010 Bereich: Ein Alterationssystem mit 13,2 m kontinuierlicher anomaler Radioaktivität innerhalb eines 200 m breiten Alterationskorridors.
Diese Systeme zeigen Ähnlichkeiten mit bekannten hochgradigen Uranlagerstätten in Athabasca. Das Unternehmen ist gut finanziert und plant, Folgeborexplorationen an diesen hochpriorisierten Zielen durchzuführen. Die Analyseergebnisse für die Proben aus den Bohrlöchern, die an das Saskatchewan Research Council gesendet wurden, stehen noch aus.
- Discovery of two large-scale alteration systems with potential for high-grade uranium deposits
- HK24-010 returned 13.2 metres of continuous anomalous radioactivity
- Alteration systems similar to known high-grade Athabasca uranium deposits
- Company is well-funded for follow-up drilling
- Assay results are still pending for drill hole samples
- Five drill holes outlined an open massive hydrothermal clay alteration system measuring at least 200 m x 100 m, resembling alteration found in Athabasca high-grade uranium deposits
- Radioactivity within the clay alteration system increases with depth and remains open
- Drill hole HK24-010 intersected 13.4 metres of continuous radioactivity within a 200 m wide alteration system
- New defined target areas are within 6 km of near-surface ACKIO uranium prospect
Toronto, Ontario--(Newsfile Corp. - September 23, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide results and findings from the exploration and discovery portion of the drill program on Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan.
"These results represent an important discovery on our Hook project. While we've already made a discovery at Hook with ACKIO, this is only a small part of the broader Hook land package. The potential on the property is substantial as Hook is an extensive project, and our discovery at ACKIO, combined with our neighbour Atha Energy's discovery in their Gemini Mineralized Zone, highlights that the region has all the geological features needed to host significant uranium deposits. More importantly, we can clearly demonstrate that this area is fertile with uranium mineralization. Large-scale alteration systems are key indicators when it comes to uranium, which tends to occur in smaller deposits relative to other minerals. We're pleased to have uncovered such a large system, exhibiting all the hallmark features needed for a new high-grade Athabasca uranium discovery," commented James Sykes, CEO, President, and Director of Baselode.
Watch this video for a detailed analysis of the two follow-up target areas and a comparison of Hook alteration systems to seven Athabasca high-grade uranium deposits that have combined over 700 million pounds of uranium.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=nKoT-b4CCUY
The first alteration system the Company highlights is in the HK24-016 area, measuring more than 250 metres wide by 400 metres deep, with a core of massive clay and bleached alteration styles that measure 100 metres wide by at least 200 metres deep. These core alteration styles are important as they are the same style associated with at least three basement-hosted Athabasca high-grade uranium deposits.
The second alteration system identified in the HK24-010 area is significant due to its similarly large scale, intersecting 13 meters of continuous anomalous radioactivity within pegmatite along the margin of the fluid pathway. While assays are pending, the Company is well-funded and eager to proceed with follow-up drill plans for these high-priority exploration targets.
Hook Exploration Drill Hole Highlights
HK24-016 area
Drill holes HK24-016, HK24-017, and HK24-021 to HK24-023 were collared 5.5 kilometres southwest of ACKIO (Figure 2, Figure 3). HK24-016 intersected 140 metres of massive hydrothermal clay and bleaching alteration (the "clay alteration") within a broader 370 m thick alteration corridor (Figure 4). The drill hole intersected anomalous radioactivity associated with fracture-controlled remobilized hematite alteration within the clay alteration (Figure 5).
Both HK24-017 and HK24-021 targeted the clay alteration up-dip and down-dip, with each intersecting 30 and 145 metres of clay alteration, respectively. HK24-022 was collared 100 metres southeast of HK24-016 and intersected 60 metres of clay alteration, and HK24-023 was collared 50 metres northeast and intersected 110 metres of clay alteration. Initial observations suggests follow-up drilling is required beneath HK24-021 and to the north of HK24-023.
The clay alteration encountered within these Hook drill holes (Figure 6) share numerous similarities to massive hydrothermal clay alteration systems observed in Athabasca basement-hosted, high-grade uranium systems, such as Cameco's Millennium and Eagle Point deposits, Uranium Energy Corp's Roughrider deposits, and Denison Mines' Gryphon deposit.
The upper outer halo of the clay alteration is further identified with unique limonite liesegang banding and fracture-controlled alteration, including a distinct quartz stockwork. These are also similar outer halo alteration styles that have been observed within large-scale Athabasca uranium deposits.
HK24-010 area
Drill holes HK24-009 and HK24-010 were collared 6 kilometres northeast of ACKIO (see Figure 2, Figure 7). Details of these drill holes were initially released on July 17, 2024. HK24-010 has returned the best radioactive intersection outside of Baselode's near-surface ACKIO uranium prospect with 13.2 metres of continuous anomalous radioactivity starting at 186 metres beneath the surface hosted within a pegmatite along the western margin of a 200 m-wide, structurally-controlled, hematite and bleached alteration system. The area remains open in all directions.
Drill hole samples have been sent to Saskatchewan Research Council for uranium and multi-element analysis. Results will be released after being received and reviewed by the Company.
NOTES:
- cps* = "counts-per-second", as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer ("RS-125"). The reader is cautioned that Baselode uses scintillometer readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
- The Company defines groupings of RS-125 as i) background radioactivity (50 to 200 cps), ii) above-background radioactivity (200 to 300 cps), and iii) anomalous radioactivity (300 to 1,000 cps).
- "Radioactivity (>300 cps)" in Table 1 is defined as drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 300 cps.
- All reported drill hole depths and lengths do not represent true thicknesses.
About Baselode Energy Corp.
Baselode controls
The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.
Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside 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."
For further information, please contact:
James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com
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.sedarplus.ca.
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.
FIGURE 1 - Baselode projects location map. ACKIO uranium prospect identified with yellow circle.
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FIGURE 2 - Drill holes (HK24-009 to HK24-023) location map
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FIGURE 3 - HK24-016 target area drill holes (HK24-016, HK24-017, and HK24-021 to HK24-023) location map
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FIGURE 4 - Cross-section interpretation of large hydrothermal fluid system with core massive clay and bleaching alteration (blue)
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FIGURE 5 - Fracture-controlled, hydrothermal remobilized anomalous radioactivity, HK24-016
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FIGURE 6 - Massive clay and bleaching alteration system, HK24-021. NOTE: clay has been gouged with carbon scribe to demonstrate drill core softness
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FIGURE 7 - HK24-010 target area drill holes (HK24-009 and HK24-010) location map
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MOVIE 1 - Clay alteration and bleaching identified within drill hole HK24-021
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https://www.youtube.com/watch?v=wbNDk6RXxAs
TABLE 1 - 2024 Hook drill collar details and radioactivity results (HK24-009 to HK24-023)
| DDH | East | North | Elevation | Az. | Dip | EOH | Radioactivity (>300 cps) | Assay Results (>0.05 wt% U3O8) |
| HK24-009 | 529,818 | 6,378,321 | 449 | 135 | -60 | 219 | No significant results | |
| HK24-010 | 529,825 | 6,378,317 | 450 | 270 | -60 | 240.5 | 357 cps over 13.2 m at 215.4 m | Assay results pending |
| 890 cps over 0.2 m at 231.1 m | Assay results pending | |||||||
| HK24-011 | 525,585 | 6,369,156 | 479 | 130 | -60 | 247.5 | No significant results | |
| HK24-012B | 527,800 | 6,369,829 | 463 | 290 | -50 | 173.2 | 380 cps over 0.25 m at 134.15 m | Assay results pending |
| 300 cps over 0.2 m at 137.1 m | Assay results pending | |||||||
| 315 cps over 0.5 m at 140.15 m | Assay results pending | |||||||
| 640 cps over 0.1 m at 148.5 m | Assay results pending | |||||||
| HK24-013 | 525,888 | 6,371,111 | 472 | 290 | -60 | 215 | No significant results | |
| HK24-014 | 525,888 | 6,371,111 | 472 | 290 | -75 | 203 | No significant results | |
| HK24-015B | 527,104 | 6,368,866 | 466 | 300 | -60 | 452.5 | No significant results | |
| HK24-016 | 524,792 | 6,367,676 | 481 | 300 | -60 | 426.8 | 310 cps over 0.2 m at 288.75 m | Assay results pending |
| HK24-017 | 524,792 | 6,367,676 | 481 | 300 | -50 | 347 | No significant results | |
| HK24-018 | 524,862 | 6,367,037 | 481 | 300 | -60 | 263 | No significant results | |
| HK24-019 | 525,000 | 6,361,150 | 456 | 270 | -70 | 302 | 310 cps over 0.2 m at 36.2 m | Assay results pending |
| 300 cps over 0.05 m at 36.9 m | Assay results pending | |||||||
| 330 cps over 0.1 m at 92.9 m | Assay results pending | |||||||
| 600 cps over 0.05 m at 139.65 m | Assay results pending | |||||||
| 350 cps over 0.2 m at 207.0 m | Assay results pending | |||||||
| 400 cps over 0.15 m at 208.2 m | Assay results pending | |||||||
| HK24-020 | 524,862 | 6,361,154 | 456 | 270 | -60 | 434 | No significant results | |
| HK24-021 | 524,792 | 6,367,674 | 482 | 300 | -70 | 524.3 | No significant results | |
| HK24-022 | 524,831 | 6,367,584 | 480 | 300 | -60 | 512 | No significant results | |
| HK24-023 | 524,816 | 6,367,717 | 482 | 300 | -60 | 446 | 300 cps over 2.9 m at 419.8 m | Assay results pending |
| 15 DDH | 5,006 | 5 DDH | 0 DDH | |||||
| NOTES: East and North units are metres using NAD83 datum, UTM Zone 13N | ||||||||
| Elevation is recorded as "metres above sea level" | ||||||||
| Az. = Azimuth, EOH = End of hole (measured in metres) | ||||||||
| Composite radioactivity results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution | ||||||||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224182
FAQ
What significant findings did Baselode Energy (BSENF) announce from its Hook project?
How do the alteration systems discovered by Baselode (BSENF) compare to known uranium deposits?
What are Baselode's (BSENF) next steps for the Hook project?
Where is Baselode Energy's (BSENF) Hook project located?
