Given the geographical closeness between 92E and Baselode I think Baselode deserves a thread of its own on 92E. Probably (?) they are sharing a deposit.
TORONTO, Jan. 17, 2022
Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce that a Temporary Work Camp permit ("TWC") has been received from Saskatchewan's Ministry of Environment for the planned diamond drilling program on the ACKIO high-grade uranium discovery ("ACKIO"), Hook project ("Hook"), Athabasca Basin area, northern Saskatchewan."
The TWC allows us to start building a new camp for our planned exploration drill programs at ACKIO and Hook throughout the year 2022. Our field crew is on site and has begun to clear the TWC site and the initial drill pad locations for the pending drill program. We're using pre-fabricated structures and helicopter support to expedite the camp construction process. We remain optimistic that the camp will be completed within 1 to 2 weeks, and that diamond drilling will start as soon as camp is operational. We're excited to continue drilling at ACKIO as the results we've intersected so far have surpassed our initial expectations," said James Sykes, CEO, President and Director of Baselode.
Planned Winter Drill Program on ACKIO Baselode is planning for a 10,000 metre diamond drill program on the ACKIO discovery to begin in late-January. Drill holes will be planned to follow-up high-grade Uranium mineralization along strike and dip, which remains open in all directions, and to test for unconformity-style of mineralization. The drill program 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 (TSX: CCO) and Orano's McArthur River mine and Key Lake Uranium mill joint ventures. ACKIO is located 70 km northeast of the Key Lake mill.
About Baselode Energy Corp. Baselode currently 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.
92E Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
