TORONTO, Jan. 17, 2022 /CNW/ - 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
helicopoter 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.
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."
www.baselode.com
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forward-looking statements. This information is based on current
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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.
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solicitation of an offer to buy any of the securities in
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have not been and will not be registered under the United States
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any state securities laws and may not be offered or sold within
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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.