Baselode Energy Corp. provided an update for the ongoing 20,000 metre diamond drilling program on the ACKIO high-grade uranium discovery, Hook project, Athabasca Basin area, northern Saskatchewan.
Drill hole highlights include; AK22-052: 2,677 cps over 30.0 m at 30.0 m (best individual continuous radioactivity intersection at ACKIO to date) which includes; 4,728 cps over 7.6 m at 31.2 m and a maximum of 12,000 cps over 0.2 m; AK22-065: 81.0 m of composite mineralization comprised of 1,057 cps over 52.3 m at 63.8 m (3rd best individual continuous radioactivity intersection) which includes 2,488 cps over 12.75 m at 84.25 m and a maximum of 15,000 cps over 0.1 m And 745 cps over 14.75 m at 137.25 m which includes 2,101 cps over 1.55 m at 145.1 m And 819 cps over 7.1 m at 167.5 m which includes. 3,139 cps over 0.9 m at 173.3 m and a maximum of 10,250 cps over 0.15 m; AK22-053: 1,360 cps over 18.6 m at 137.4 m (fifth best individual continuous radioactivity intersection at ACKIO to date) which includes 3,332 cps over 4.15 m at 145.75 m and a maximum of 8,000 cps over 0.1 m AK22-063: 52.3 m of composite mineralization comprised of 612 cps over 15.1 m at 53.7 m and 720 cps over 12.8 m at 80.85 m. Drill holes AK22-052 and AK22-053 were follow-up drill holes to AK22-051 which was the first drill hole off the drill pad (2,320 cps over 30.1 m at 27.0 m depth, see News Release dated May 31, 2022). Drilling to the north and west of the these drill holes have continued to grow near-surface mineralization in these directions. Drill holes are planned to follow-up the western and southern extents of near-surface mineralization previously identified in drill holes AK22-038 and AK22-041. Since announcing the start of the Program on February 9, 2022. Baselode has completed 61 drill holes (AK22-005 to AK22-065) for 17,935.50 m. Thirty-three of sixty-one drill holes have intersected continuously elevated radioactivity. A complete list of drill hole collar information and hand-held scintillometer radioactivity composite measurements for the drill holes reported in this news release (AK22-052 to AK22-065). Samples from these reported fourteen drill holes have been submitted to the Saskatchewan Research Council's Geoanalytical Laboratory in Saskatoon, Saskatchewan, for whole-rock, multi-element and U3O8 analysis. Uranium assay results will be released as they are received after being compiled and thoroughly checked by the technical team. 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 is helicopter-supported to lessen any ground-induced environmental impacts within the project area.