TORONTO, April 8, 2021 /CNW/ - Baselode Energy Corp.
(TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the
"Company") is pleased to provide detailed plans for
high-grade uranium exploration on the Company's Catharsis, Hook and
Shadow properties (the "Properties"), Athabasca Basin area ("Athabasca") of Saskatchewan.
Baselode's exploration plans include:
- Airborne Falconplus gravity surveys covering the Properties,
each with 400 m flight line-spacing
(May and June)
- High-resolution airborne magnetics and radiometrics over
Catharsis and Hook, both with 50 m
flight line-spacing and low-level flying to maximize radiometric
results (May and June)
- Detailed airborne VTEM over Catharsis to help prioritize
structural targets, each with 200 m
flight-line spacing (May and June)
- Ground reconnaissance prospecting, mapping and sampling
following-up priority anomalies identified from the airborne
geophysical surveys (June to August); and
- 1,000 to 2,500 m of diamond
drilling (between 4 to 12 drill holes) on each Property targeting
coincident airborne geophysical anomalies and areas of interest
identified during ground reconnaissance exploration (July to
October).
"Our goal is to incorporate the airborne geophysics with the
ground geology results to produce drill-ready targets. We
plan to complete a variety of high-resolution airborne geophysical
surveys on each of our Properties. These surveys provide
Property-wide information within a small timeframe and can detect
structurally-controlled hydrothermal fluid alteration and uranium
systems. We expect to identify quality drill targets by
integrating each of the gravity, magnetic, EM, and radiometric
data. Additionally, we will incorporate the known high-grade
uranium occurrences at surface, such as boulders, outcrops and
radiometric anomalies.
Should these uranium surface expressions line up with our
coincident geophysical data, we will move to drill test these
anomalies," said James Sykes, CEO
and President of Baselode.
Update on Shadow Project Exploration
Baselode would
also like to update the consultation with the Turnor Lake
Indigenous communities (Birch Narrows Dene Nation and Métis Nation
Saskatchewan local #40) concerning exploring its Shadow Project.
Although Baselode's original timeframes have been delayed, we are
encouraged by ongoing positive dialogue between the Company and the
communities. Baselode is also encouraged by communities' expression
in the benefits and economic development that exploration offers,
provided activities are completed responsibly. Baselode is
confident that a mutually beneficial and environmentally
responsible resolution can be achieved in the near term and will
keep its shareholders updated accordingly.
About Baselode Energy Corp.
Baselode currently
controls 100% of approximately 159,000 hectares for exploration in
the Athabasca Basin area, northern
Saskatchewan, Canada. The
land package is free of any option agreements or underlying
royalties.
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
complemented 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.
QP Statement
The technical information contained in
this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director of
Baselode Energy Corp., and Cameron
MacKay, P.Geo., Projects Manager for Baselode Energy Corp.,
who are both considered to be a Qualified Person as defined
in "National Instrument 43-101, Standards of Disclosure for Mineral
Projects."
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the TSX Venture Exchange
policies) 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 the Company's
filings 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.
