Baselode Reports High-Grade Uranium Assays on its ACKIO Prospect
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has reported high-grade uranium assay results from 3 of 43 drill holes at its ACKIO prospect in the Athabasca Basin. Key findings include:
1. Hole AK24-118: 8.5 metres of 0.59% U₃O₈, including 1.25% U₃O₈ over 1.5 m
2. Hole AK24-119: 21.0 metres of 0.28% U₃O₈, including 1.55% U₃O₈ over 1.5 m
3. Hole AK24-117: 7.5 metres of 0.07% U₃O₈
These results, particularly from AK24-118 and AK24-119, are among the top 20 drill holes at ACKIO and have improved the overall uranium mineralization statistics of Pod 6. ACKIO's shallow mineralization depth gives it a unique advantage in the Athabasca Basin. Assay results from an additional 40 drill holes are pending.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ha riportato risultati di analisi di uranio ad alta qualità da 3 dei 43 fori di perforazione nel suo prospect ACKIO nel Bacino di Athabasca. I risultati chiave includono:
1. Foro AK24-118: 8,5 metri di 0,59% U₃O₈, inclusi 1,25% U₃O₈ su 1,5 m
2. Foro AK24-119: 21,0 metri di 0,28% U₃O₈, inclusi 1,55% U₃O₈ su 1,5 m
3. Foro AK24-117: 7,5 metri di 0,07% U₃O₈
Questi risultati, in particolare quelli di AK24-118 e AK24-119, sono tra i primi 20 fori di perforazione all'ACKIO e hanno migliorato le statistiche complessive di mineralizzazione dell'uranio del Pod 6. La profondità superficiale della mineralizzazione di ACKIO conferisce un vantaggio unico nel Bacino di Athabasca. I risultati delle analisi di altri 40 fori di perforazione sono in attesa.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ha informado sobre resultados de análisis de uranio de alta calidad en 3 de 43 agujeros de perforación en su prospecto ACKIO en la Cuenca de Athabasca. Los hallazgos clave incluyen:
1. Agujero AK24-118: 8.5 metros de 0.59% U₃O₈, incluyendo 1.25% U₃O₈ en 1.5 m
2. Agujero AK24-119: 21.0 metros de 0.28% U₃O₈, incluyendo 1.55% U₃O₈ en 1.5 m
3. Agujero AK24-117: 7.5 metros de 0.07% U₃O₈
Estos resultados, especialmente de AK24-118 y AK24-119, están entre los 20 mejores agujeros de perforación en ACKIO y han mejorado las estadísticas generales de mineralización de uranio del Pod 6. La profundidad de mineralización superficial de ACKIO le da una ventaja única en la Cuenca de Athabasca. Los resultados de análisis de otros 40 agujeros de perforación están pendientes.
바젤로드 에너지 주식회사 (TSXV: FIND) (OTCQB: BSENF)는 아타바스카 분지에 있는 ACKIO 광 prospect에서 43개의 시추 홀 중 3개의 고급 우라늄 분석 결과를 보고했습니다. 주요 발견 사항은 다음과 같습니다:
1. 홀 AK24-118: 0.59% U₃O₈가 포함된 8.5미터, 1.5 미터에서 1.25% U₃O₈
2. 홀 AK24-119: 0.28% U₃O₈가 포함된 21.0미터, 1.5 미터에서 1.55% U₃O₈
3. 홀 AK24-117: 0.07% U₃O₈가 포함된 7.5미터
이 결과들은 특히 AK24-118 및 AK24-119에서 우수한 성과를 보였으며, ACKIO의 상위 20개 시추 홀에 속하고 Pod 6의 전반적인 우라늄 광물화 통계를 개선했습니다. ACKIO의 얕은 광물화 깊이는 아타바스카 분지에서 독특한 장점을 부여합니다. 추가 40개의 시추 홀에서의 분석 결과는 아직 대기 중입니다.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) a rapporté des résultats d'analyse d'uranium de haute qualité provenant de 3 des 43 trous de forage de son projet ACKIO dans le bassin d'Athabasca. Les principales conclusions comprennent :
1. Trou AK24-118 : 8,5 mètres de 0,59 % U₃O₈, incluant 1,25 % U₃O₈ sur 1,5 m
2. Trou AK24-119 : 21,0 mètres de 0,28 % U₃O₈, incluant 1,55 % U₃O₈ sur 1,5 m
3. Trou AK24-117 : 7,5 mètres de 0,07 % U₃O₈
Ces résultats, particulièrement ceux d'AK24-118 et AK24-119, figurent parmi les 20 meilleurs trous de forage à ACKIO et ont amélioré les statistiques générales de minéralisation de l'uranium du Pod 6. La faible profondeur de minéralisation d'ACKIO lui confère un avantage unique dans le bassin d'Athabasca. Les résultats des analyses de 40 autres trous de forage sont en attente.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) hat hochgradige Uran-Analysen aus 3 von 43 Bohrlöchern in seinem ACKIO-Projekt im Athabasca-Becken berichtet. Die wichtigsten Ergebnisse sind:
1. Bohrloch AK24-118: 8,5 Meter mit 0,59% U₃O₈, einschließlich 1,25% U₃O₈ über 1,5 m
2. Bohrloch AK24-119: 21,0 Meter mit 0,28% U₃O₈, einschließlich 1,55% U₃O₈ über 1,5 m
3. Bohrloch AK24-117: 7,5 Meter mit 0,07% U₃O₈
Diese Ergebnisse, insbesondere die von AK24-118 und AK24-119, gehören zu den besten 20 Bohrlöchern im ACKIO und haben die Gesamtstatistik der Uranmineralisierung im Pod 6 verbessert. Die geringe Mineralisierungstiefe von ACKIO bietet im Athabasca-Becken einen einzigartigen Vorteil. Die Analyseergebnisse von 40 weiteren Bohrlöchern stehen noch aus.
- Two drill holes (AK24-118 and AK24-119) intersected high-grade uranium over 1% U₃O₈ across 1.5 metres
- AK24-118 and AK24-119 results rank among the top 20 drill holes at ACKIO
- Improved uranium mineralization statistics for Pod 6
- ACKIO's shallow mineralization depth provides a competitive advantage in the Athabasca Basin
- Drill hole AK24-117 showed lower grade results, indicating Pod 6 may be pinching out in the down-dip direction
- Two drill holes intersect high-grade uranium: Both returned over
1% U₃O₈ across 1.5 metres
- Hole AK24-118 intersected 8.5 metres of
0.59% U₃O₈, while AK24-119 returned 21.0 metres of0.28% U₃O₈, enhancing our understanding of uranium mineralization in Pod 6
- Baselode's ACKIO has a unique advantage that distinguishes it from its peers in the Athabasca Basin, given its shallow mineralization
Toronto, Ontario--(Newsfile Corp. - October 3, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide uranium ("U3O8") assay results from 3 of 43 drill holes of the 2024 drill program on the ACKIO prospect ("ACKIO") in the Athabasca Basin ("Basin") area of northern Saskatchewan.
"Baselode's ACKIO prospect stands out among its peers due to the shallow depth of its mineralization, especially compared to the much deeper deposits elsewhere in the Basin. We are highly encouraged by the results from holes AK24-118 and AK24-119, as they are the best intersections in Pod 6 and rank among the top 20 drill holes at ACKIO. These results strengthen our confidence in ACKIO. It's remarkable that, just over three years after discovering ACKIO, we're still achieving better-than-expected grades and widths," commented James Sykes, CEO, President, and Director of Baselode."
Drill Hole Details (Figure 2 and Table 1)
Drill hole AK24-119 was collared to test the northern extent of Pod 6, 25 m downdip of hole AK22- 039 (
Drill hole AK24-118 was collared to test the downdip extent 25 m from AK22-035 which returned
The wider and higher-grade intersections from AK24-118 and AK24-119 help improve the overall uranium mineralization statistics of Pod 6.
Drill hole AK24-117 was collared to test the mid-lower extents of Pod 6, 15 m updip of hole AK22-020 which returned
Assay results from an additional 40 drill holes from the now completed ACKIO and Hook drill programs are pending, and will be released after quality review and approval.
NOTES:
- "High-grade uranium" is defined by the Company as composite results with >
1.00% U3O8 and no greater than 2.0 m continuous internal dilution (i.e., dilution is less than1.00% U3O8). - All reported lengths and depths are drill hole measurements and do not represent true thicknesses or vertical depths from surface, which have yet to be determined.
* Previously released results on November 10, 2022
** Previously released results on September 12, 2022.
*** Previously released results on August 22, 2022.
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
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 red triangle
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/225432_bafb77f884c9d9f2_005full.jpg
Figure 2 - Diamond drill hole collar locations and drill traces
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/225432_bafb77f884c9d9f2_006full.jpg
TABLE 1 - Uranium assay results for drill holes AK24-117 to AK24-119
| DDH | Intended Target | East | North | Elevation | Az. | Dip | EOH | Radioactivity (>300 cps) | Assay Results (>0.05 wt% U3O8) | |
| AK24-117 | 526142 | 6372902 | 465 | 90 | -75 | 227 | 368 cps over 0.45 m at 74.4 m | |||
| 301 cps over 1.8 m at 108.3 m | No significant results | |||||||||
| Pod 6 - updip | 409 cps over 6.25 m at 117.25 m | |||||||||
| Pod 6 - updip | 426 cps over 12.55 m at 128.1 m | |||||||||
| Pod 6 - updip | 327 cps over 6.4 m at 145.2 m | |||||||||
| 399 cps over 0.65 m at 160.95 m | ||||||||||
| AK24-118 | 526142 | 6372902 | 465 | 118 | -71 | 257 | 456 cps over 0.8 m at 89.3 m | |||
| 350 cps over 0.5 m at 92.7 m | ||||||||||
| Pod 6 - southern strike | 392 cps over 2.6 m at 119.1 m | |||||||||
| Pod 6 - southern strike | 315 cps over 3.1 m at 131.8 m | |||||||||
| Pod 6 - southern strike | 1,115 cps over 13.3 m at 149.3 m | |||||||||
| Includes | ||||||||||
| AK24-119 | Pod 6 - northern strike | 526133 | 6372907 | 463 | 65 | -75 | 230 | 300 cps over 8.5 m at 109.5 m | ||
| Pod 6 - northern strike | 907 cps over 34.05 m at 131.1 m | |||||||||
| Pod 6 - northern strike | Includes | 9,173 cps over 0.4 m at 144.6 m | ||||||||
| 3 DDH | 7,372.4 | 3 DDH | 3 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 (>300 cps)" results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is <300 cps) | |||||||||
| Composite "Radioactivity (>300 cps)" results for "Includes" use 5,000 cps cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is <5,000 cps) | |||||||||
| Composite "Assay Results (>0.05 wt% U3O8) results use | |||||||||
| Composite "Assay Results (>0.05 wt% U3O8" ) for "Includes" use |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225432
FAQ
What were the key uranium assay results reported by Baselode Energy (BSENF) for its ACKIO prospect?
How do the recent drill results at ACKIO compare to previous findings for Baselode Energy (BSENF)?
What advantage does Baselode Energy's (BSENF) ACKIO prospect have over other Athabasca Basin uranium deposits?
How many drill holes were included in Baselode Energy's (BSENF) 2024 ACKIO drill program?
