- Baselode Energy (FIND) is pleased to report Uranium assay results from the first diamond drill hole of the recent ACKIO Uranium discovery on the Hook project
- James Sykes, CEO, President and Director of Baselode shared the exciting results with Caroline Egan
- The ACKIO discovery has revealed high-grade uranium near-surface, widespread zones of mineralization and an alteration halo that exceeds over 230 metres
- Primary mineralized zone measuring 15.5 m of 0.13 wt per cent U3O8
- Assay results from the remaining drill holes completed on ACKIO in the summer program will be released after they’ve all been received
- Baselode Energy Corp is a uranium exploration company that controls approximately 227,000 hectares in the Athabasca Basin area, northern Saskatchewan
- Baselode Energy Corp. (FIND) is up 8.64 per cent on the day, trading at C$0.88 per share at 1:25 pm EST
Baselode Energy (FIND) has reported the final Uranium assay results from the completed diamond drill program on the ACKIO Uranium discovery.
The project is located in the Athabasca Basin area, northern Saskatchewan.
Highlights:
- A second drill hole confirms high-grade* Uranium at ACKIO; 0.67 wt% U3O8 over 0.5 m at 131.6 m in AK21-03
- Elevated uranium concentrations of 0.24 wt% U3O8 over 5.5 m at 128.6 m in AK21-03 and 0.24 wt% U3O8 over 2.0 m at 99.0 m in AK21-04
- Multiple Uranium intersections occurring within 200 m of the surface
James Sykes, CEO, President and Director of Baselode shared the exciting results with Caroline Egan.
“We are very encouraged by intersecting near-surface, high-grade Uranium mineralization in two drill holes from our first drill program at the ACKIO discovery. The Uranium results from drill holes AK21-01, AK21-03 and AK21-04 demonstrate that ACKIO is part of a robust and fertile Uranium system, with multiple Uranium occurrences intersected throughout the drill hole lengths. Our main Uranium intersections from drill holes AK21-01 through AK21-04 occur between 90 and 125 m below surface and cover a lateral distance measuring approximately 45 m. Our follow-up drill program is only weeks away and we’re excited to see what we’ll be able to uncover.”
The company will follow this news release with a video presentation for the public in the coming days that will provide encouraging comparisons with other notable Athabasca basement-hosted, high-grade Uranium deposits.
The Company has prepared a quick video presentation for shareholders and the public to learn more about these Uranium results.
Baselode Energy Corp. (FIND) is up 8.64 per cent on the day, trading at C$0.88 per share at 1:25 pm EST.
