- Baselode (FIND) has doubled drilling on the Hook Project’s ACKIO high-grade uranium discovery to 20,000 m
- The drill program is fully funded and will last until the summer
- The company can expand the program an additional 50,000 m contingent on exploration results
- Baselode Energy is a uranium exploration company that controls 227,000 hectares in Saskatchewan’s Athabasca Basin
- Baselode (FIND) is up by 5.95 per cent trading at $0.89 per share
Baselode (FIND) has doubled drilling on the Hook Project’s ACKIO discovery to 20,000 m.
The project hosts high-grade uranium in Saskatchewan’s Athabasca Basin.
The company recently received a permit for an additional 50,000 m of diamond drilling on the discovery expiring on December 31, 2023.
It has C$20M in cash and is fully funded to carry out the expanded program.
It remains engaged in positive discussions with the project’s Indigenous communities and northern stakeholders.
“In light of the results we’ve seen on ACKIO we’ve increased the planned 10,000 m to a minimum 20,000 m along strike. This will see us drill right through until summer, and we now have the flexibility to expand further to a total of 60,000 m on ACKIO until 2023,” said James Sykes, Baselode’s CEO.
Baselode Energy is a uranium exploration company that controls 227,000 hectares in Saskatchewan’s Athabasca Basin. The land is free of royalties and option agreements.
Baselode (FIND) is up by 5.95 per cent trading at $0.89 per share as of 11:49 am EST.
