Baselode Energy Corp. provided an update of the on-going 10,000 metre diamond drilling program (the "Program") on the ACKIO high-grade uranium discovery ("ACKIO"), Hook project ("Hook"), Athabasca Basin area, northern Saskatchewan. Highlights include:- 25,000 counts-per-second ("cps") from drill hole AK22-11 at 217.1 m depth represents the highest indvidual radioactivity reading on the project to date. New sub-parallel "Lower" zone of uranium mineralization discovered with two intervals of continuous elevated radioacitivity measuring 1,583 cps over 6.5 m at 201.0 m and 1,286 cps over 11.9 m at 215.75 m from drill hole AK22-11 Uranium mineralization extends for over 150 m along strike and remains open along both strike directions. Higher levels of radioactivity discovered in two drill holes to the north (AK22-08 and AK22-09) and one drill hole to the south (AK22-11) of the discovery drill fence which includes drill hole AK21-01. Faulting, alteration, and above background radioactivity discovered in Athabasca sandstone east of ACKIO mineralization in drill hole AK22-05 is prospective for unconformity mineralization.
Samples from these 7 drill holes have been submitted to the Saskatchewan Research Council's ("SRC") Geoanalytical Laboratory in Saskatoon, Saskatchewan, for whole-rock, multi-element and U3O8 analysis. Baselode will continue to release drill core radioactivity results as a prelude to uranium assay results on a bi-monthly to monthly schedule. Uranium assay results will be released as they are received after being compiled and thoroughly checked by the technical team. The Program is helicopter-supported to lessen any ground-induced environmental impacts within the project area, and will allow the Company to continue the Program during Spring thaw. ACKIO is located 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.