Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) has announced new uranium assays from five drill holes from the 7,512 metre (m) diamond drilling program completed within the ACKIO uranium prospect on the Hook project in Saskatchewan, which included 1.11% uranium oxide over 7.4m within 0.41% uranium oxide over 34.85m at 43.5m true vertical depth.
The uranium explorer said three of five drill holes hit mineralization starting within 50m of surface and with greater than 30m of mineralization.
"ACKIO continues to impress us with near-surface, high-grade uranium mineralization in Pod 1, and with growth potential in Pod 7 starting to be realized," Baselode Energy CEO James Sykes said in a statement.
"This demonstrates the potential of ACKIO as it hosts shallow, high-grade uranium and is endowed with multiple thick sequences of mineralization," he added.
Baselode also noted that assays are pending from 15 remaining drill holes, including those with the highest radioactivity results.
ACKIO is 30 kilometres 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, according to the company.
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