TORONTO, Aug. 17, 2021 /CNW/ - Baselode Energy Corp.
(TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the
"Company") is pleased to present its latest webinar
'Hook: Defining Drill Target Areas'. This webinar details
the exploration potential of the planned drill target areas of the
Company's 100% owned Hook uranium project ("Hook"),
including:
- Beckett drill target area showcasing gravity and magnetic
characteristics similar with other Athabasca basement-hosted high-grade uranium
deposits,
- South Geikie drill target as an exciting radiometric anomalous
area with interesting magnetic and gravity anomalies to
follow-up,
- Detailed interpretations of the airborne magnetic and gravity
geophysical surveys to identify lithological corridors and
structures of interest for uranium exploration,
- The results of the recently completed airborne radiometric
survey highlighting eight anomalous areas requiring
groundtruthing.
VIEW BASELODE'S WEBINAR:
VIDEO 5 – HOOK: DEFINING DRILL TARGET AREAS
Planned Drill Program for Hook
Baselode is
anticipating a total of 10 to 15 drill holes for a total of 2,500
metres with each drill hole ranging from 150 to 250 metres drill
hole depth. The drill program is planned with helicopter
support to achieve broader target area coverage and to lessen any
ground-induced environmental impacts within the project area.
A field crew is onsite and has prepared the core shack and the
first drill pad locations. The drill program's logistics have
been organized and are ready to begin the drill program. The
drill contractor is scheduled to be onsite within the next 10
days.
About Baselode Energy Corp.
Baselode currently
controls 100% of approximately 207,000 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 Cameron MacKay, P.Geo., Projects Manager for
Baselode Energy Corp., who is 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.
