Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) said a total of 15 drill holes in 3,214 metres (m) have been completed in its diamond drilling program on the ACKIO high-grade uranium zone.
The drilling program continues and drill holes AK23-082, AK23-084, AK23-088, AK23-092, and AK23-095 all had over 20m of composite radioactivity, indicating mineralization is broad and occurs in multiple lenses.
"AK23-095 is our 4th best drill hole by total radioactivity at ACKIO. We are confident this drill hole will help increase our understanding of Pods 1 and 7 in this area. The initial holes of this program focussed mostly on infill and definition drilling of Pods 4 and 5. AK23-095 was the first hole designed for delineation and expansion drilling of Pods 1, 2 and 7,” James Sykes, CEO, president and director of Baselode, said in a statement.
“Our best results to date have come from Pods 1 and 2, while Pod 7 is poorly defined and open to the north. AK23-095 delivered an exceptionally thick intersection measuring 28.45 metres of elevated radioactivity in Pod 7, indicating Pod 7 was not drill confined to the west and does remain open. We expect this drill program to continue to deliver exceptional results as we grow ACKIO," he added.
The company noted that, in particular, the lower intersection within AK23-095 has greatly expanded mineralization modeled previously in Pod 7.
It added that drill holes AK23-090, AK23-091, and AK23-095 had mineralization starting shallower than 100m from surface while mineralization in AK23-095 started immediately at the overburden base, confirming the presence of near-surface mineralization.
“High levels of radioactivity (more than 5,000 cps) were reported in drill holes AK23-088, AK23-092, and AK23-095 confirming multiple lenses of higher concentrations of uranium mineralization are present at ACKIO,” the company added.
It said the drill program is expected to be complete by October and that it remains fully funded to complete the program.
Baselode Energy controls 100% of approximately 264,172 hectares for exploration in the Athabasca Basin area in northern Saskatchewan. The company discovered the ACKIO near-surface, high-grade uranium deposit in September 2021. ACKIO measures greater than 375m along strike, greater than 150m wide, and comprises at least 11 separate zones, with mineralization starting as shallow as 28m beneath the surface and down to approximately 300m depth beneath the surface with the bulk of mineralization occurring in the upper 120m.
Contact the author at jon.hopkins@proactiveinvestors.com