TORONTO, Feb. 22, 2021 /CNW/ - Baselode Energy Corp.
(TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the
"Company") is pleased to announce the receipt of Crown Land
Work Authorization and Temporary Work Camp permits from the
Saskatchewan Ministry of Environment. These permits
allow Baselode Energy to conduct ground gravity geophysical surveys
on the Shadow uranium property ("Shadow" or the
"Property") in northern Saskatchewan. A total of 4,706 individual
gravity stations have been planned, covering approximately 50
km2 over three prominent exploration target areas of the
Property (Key, Arrow, Eagle targets) previously identified by an
airborne mobile magnetotellurics survey.
Baselode also announces that it has paused Shadow's on-site work
to continue further consultation with the local communities. Upon
applying for permits in October 2020,
Baselode has proactively engaged in a positive and constructive of
duty to consult and accommodation to communities process. The
intent is for all parties to proceed with mutually beneficial
objectives, environmental considerations, and economic development
opportunities. The Company believes a near-term solution is
achievable and will continue with its exploration activities in due
course.
About Baselode Energy Corp.
Baselode currently
controls 100% rights to surface exploration on 71,821 hectares in
the Athabasca Basin area, northern
Saskatchewan, Canada.
Baselode's Athabasca 2.0
exploration thesis is focused on discovering near-surface,
basement-hosted, high-grade uranium orebodies outside of the
Athabasca Basin. The exploration thesis is further
complimented by the Company's preferred use of innovative and
well-understood geophysical methods to map deep structural controls
to identify shallow targets for diamond-drilling.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Baselode Energy Corp. assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Baselode Energy Corp. Additional information
identifying risks and uncertainties is contained in filings by the
Company with Canadian securities regulators, which filings are
available under Baselode Energy Corp. profile at www.sedar.com.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States or to, or for
the account or benefit of, U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws, unless an
exemption from such registration is available.
SOURCE Baselode Energy Corp.
