- Baselode Energy (FIND) expects to break ground on the Catharsis Uranium Project in 5-to-7 days
- The company is anticipating a 2,000 m diamond drill program focused on a target prospect for large-scale, near-surface, basement-hosted uranium mineralization
- The target’s geophysical anomalies share traits with many Athabasca uranium deposits
- Baselode controls 238,850 hectares for exploration in the Athabasca Basin area of northern Saskatchewan
- Baselode Energy (FIND) is unchanged, trading at $0.56 per share
Baselode Energy (FIND) expects to break ground on the Catharsis Uranium Project in 5-to-7 days.
The company is anticipating a 2,000 m diamond drill program over 8 drill holes (200-300 m in depth) in 4 collar locations across the Saskatchewan-based property.
It is engaged in positive discussions with Indigenous communities and northern stakeholders to ensure a mutually beneficial working relationship, including the minimization of environmental impacts.
“We’re excited to initiate the first-ever drill program on Catharsis. The primary drill target we’ve identified is prospective for large-scale, near-surface, basement-hosted uranium mineralization with similarities to NexGen Energy’s Arrow and Fission Uranium’s Triple R uranium deposits,” stated James Sykes, Baselode’s President and CEO.
“We’re targeting a 1 km portion of a 7-km-long gravity anomaly trend that has overlapping geophysical anomalies that are characteristic of many Athabasca uranium deposits. We are eager to see what is hidden beneath the surface,” he added.
Baselode controls 238,850 hectares for exploration in the Athabasca Basin area of northern Saskatchewan. The land package is free of any option agreements or underlying royalties.
Baselode Energy (FIND) is unchanged, trading at $0.56 per share as of 10:11 am EST.