Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) announced that it has completed the diamond drilling program at the ACKIO high-grade uranium zone on its Hook project in Saskatchewan’s Athabasca Basin, in which two drill holes (AK23-112 and AK23-113) intersected elevated levels of radioactivity in Pod 7 at overburden-basement contact within 32 metres (m) and 37m from surface, respectively.
The uranium explorer also said drill holes in the Mirror exploration target intersected elevated radioactivity within massive alteration system.
"Several of our holes intercepted elevated levels of radioactivity, which will expand our mineralized footprint," Baselode Energy CEO James Sykes said in a statement.
"We also achieved several milestones, including extending mineralization along strike and at depth, discovering more shallow mineralization including Pod 7 starting at the overburden-basement rocks contact similar to Pod 1, defining thicker zones of mineralization within previously modeled areas, and identifying a new trend of mineralization at the Mirror target which displays intense alteration over a 300m width," he added.
Baselode noted that drill holes AK23-112 to AK23-113 confirmed a second zone of mineralization (after Pod 1) with mineralization as-shallow-as-possible in the ACKIO system.
It added that drill hole AK23-116 confirmed numerous discrete intervals of elevated radioactivity in the area between Pods 1 and 7, which are not part of any currently modeled uranium Pods and could help increase the overall volume of mineralization identified at ACKIO.
Baselode Energy controls 100% of about 264,172 hectares in the Athabasca Basin area in northern Saskatchewan. The company discovered the ACKIO near-surface, high-grade uranium deposit in September 2021.
Contact Sean at sean@proactiveinvestors.com