Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) has released assay results from the deepest drilling of the 7,500-metre (m) diamond drilling progam at the ACKIO high-grade uranium zone on its Hook project in Saskatchewan’s Athabasca Basin.
From the assays of the 11 holes, the company highlighted hole AK23-88, the best uranium intersection beneath 150m depth, with 0.32% over 16.5m at 184m drill hole depth, including 0.53% over 3m and 0.75% over 1.5m.
Based on previously released radioactivity results, Baselode said it expects to release even more encouraging results from shallower intersections with pending assay results from 25 drill holes remaining.
"The results from the deep targets in drill holes AK23-88 and AK23-82 clearly demonstrate mineralization remains strong and open at depth as we attempt to connect the near-surface mineralization with these new zones at depth,” Baselode president and CEO James Sykes commented.
“The assay results from hole AK23-88 rank it is a top-ten drill hole at ACKIO. In particular, AK23-88 intersected 4 individual high-grade uranium lenses, including 0.53% over 3.0m and 0.75% over 1.5m, while holes AK23-84 through AK23-88 demonstrate continuity of higher grades of mineralization at depth.”
Of the 36 drill holes completed over 7,512m, Baselode noted that ACKIO consisted of 30 drill holes for 6,193m, Mirror consisted of five drill holes for 1,145m, and one drill hole for 174m was completed on a regional exploration target.
Drill holes AK23-90 and AK23-91 confirmed mineralization starting at 72m and 82m below surface, respectively, demonstrating shallow mineralization is prevalent in other Pods at ACKIO, the company said.
The remainder of the drill hole assay results were all intersected between 130m and 225m beneath the surface, demonstrating uranium mineralization is prevalent at depth at ACKIO and is not restricted to shallow mineralization. Mineralization remains open at depth and provides a target for future drill programs, Baselode said.
Sykes added: “ACKIO is a robust uranium system with shallow mineralization extending deep and remains open for additional discovery potential.”
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 the author at stephen.gunnion@proactiveinvestors.com