Baselode Energy’s (TSXV:FIND) CEO, James Sykes, spoke with The Market Herald’s Sonia Madigan about the company’s encouraging intercepts from ongoing drilling at the Hook Project in Saskatchewan’s Athabasca Basin.
Recent standouts include 2,320 cps over 30.1 m, as well as 5,229 cps over 7.35 m, on the ACKIO high-grade discovery. The company is focused on expanding existing resources through near-surface discoveries.
Baselode operates three 100-per-cent owned projects across 159,000 hectares of highly prospective land within the Athabasca Basin: Catharsis, Hook and Shadow. The projects have no underlying option agreements or royalties and are located within preferred district-scale structural corridors hosting numerous high-grade uranium deposits.
According to Sykes, Baselode’s greatest challenge is overcoming the uncertain perception of nuclear energy as a global power source, which it is confident in overcoming due to forecasted future demand far outpacing current supply. To this end, the company is fully funded to pursue its exploration efforts and optimistic about its sector going forward.