- Baseload energy (FIND) has intersected uranium in several holes at its Hook Project
- Results stem from the final geochemical assay results from a 22,500-metre diamond drill program completed between February and August
- The Toronto-based mineral exploration company’s project is located in Saskatchewan’s Athabasca Basin
- Fifty of 76 drill holes at ACKIO intersected uranium mineralization, including several of the most-recent ones
- Baseload Energy is up 1.69 percent, trading at $0.60 at 11:50 am ET
Baseload Energy (FIND) has intersected uranium in several holes at its Hook Project.
The Toronto-based mineral exploration company’s project is located in Saskatchewan’s Athabasca Basin.
Results stem from the final geochemical assay results from a 22,500-metre diamond drill program completed between February and August on the project’s ACKIO high-grade uranium discovery.
Fifty of 76 drill holes at ACKIO intersected uranium mineralization, including several of the most recent ones. Highlights include one hole that returned 0.43% U3O8 over 2.65 metres.
“These final drill results continue to expand the scope of ACKIO. The results from drill hole AK22-066 indicate that we likely clipped the margin of another large mineralized zone to the west, similar to the results from AK22-063 (59.85 m of composite mineralization starting at 40.3 m true vertical depth,” said President, CEO and Director James Sykes.
“This will be a drill priority target for early 2023. ACKIO’s broad intersections have grades equal to or better than other uranium mining jurisdictions. ACKIO is near-surface, high-grade uranium mineralization with open pit mining potential in proximity to infrastructure and multiple licensed uranium mills.”
Baselode controls 100 percent of approximately 227,000 hectares for exploration in the Athabasca Basin area. The land package is free of any option agreements or underlying royalties.
Baseload Energy is up 1.69 percent, trading at $0.60 at 11:50 am ET.