Baselode Energy Corp. announced the final uranium (U3O8) assays from 6 exploration drill holes outside of the ACKIO uranium prospect (ACKIO) from the 7,512 metre diamond drilling program (the Program) completed on the Hook project (Hook or the Project). 36 drill holes for 7,512 metres (m) were completed during the Program.

ACKIO consisted of 30 drill holes for 6,193 m, Mirror consisted of 5 drill holes for 1,145 m, and 1 drill hole for 174 m was completed on a regional exploration target. The Mirror target area consisted of drill holes AK23-105 to AK23-109, which were designed as a broad fan of drill holes to test for uranium mineralization beyond the eastern limits of ACKIO along an inferred sub-parallel structure. All 5 holes encountered hydrothermal alteration consisting of varying intensities of chlorite, hematite, and clay across the entire drill hole lengths.

Drill holes AK23-105 to AK23-107 intersected elevated uranium (that is, 190 ppm U3O8 over 3.0 m at 93.5 m drill hole depth in AK23-107) that remains open in all directions. Drill hole AK23-110 was designed to test for unconformity uranium mineralization near the structural contact separating basement and sandstone rocks (the Sandstone target). The drill hole intersected one of the most anomalous sandstone columns for uranium and other pathfinder elements, suggesting the unconformity target has significant potential for uranium mineralization.

The drill hole also intersected encouraging uranium mineralization within the basement rocks only 16 metres from the unconformity (that is, 490 ppm U3O8 over 1.9 m at 126.5 m drill hole depth). The Sandstone target area is open to the south and along the eastern structural contact beyond where previous drill holes returned some of the strongest sandstone uranium and pathfinder anomalies. Geochemical U3O8 assay results from drill holes AK23-105 to AK23-110 were provided by Saskatchewan Research Council's Geoanalytical Laboratory (SRC) in Saskatoon, Saskatchewan.

The assay methodology includes SRCs "U3O8 Wt% Assay" analysis package where an aliquot of sample pulp is digested in a concentration of HCL:HNO3. The digested volume is then made up with deionized water for analysis by ICP-OES. Uranium assay results were converted from weight-percent (Wt%) to parts-per-million (ppm).

ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.'s and Orano's McArthur River mine and Key Lake uranium mill joint ventures. ACKIO is 70 km northeast of the Key Lake mill. The Program was helicopter-supported to lessen any ground-induced environmental impacts within the project area.