TORONTO, Aug. 23, 2021 /CNW/ - Baselode Energy Corp.
(TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the
"Company") is pleased to announce that a drill crew is
mobilizing to its Hook Uranium Project ("Hook").
"We anticipate the drill to start turning this week to test some
exciting targets on the Beckett and South Geikie areas of our Hook
Project," said James Sykes, CEO and
President of Baselode.
Cameron MacKay, Baselode's
Projects Manager, adds: "Our prospecting field crew identified
anomalous radioactive occurrences in outcrop at both the Beckett
and South Geikie targets. These anomalies occur at lithological
contacts intersected by north-south structures and validate our
geophysical interpretations and our working structural model for
Hook."
Planned Drill Program
Baselode anticipates between 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.
Baselode remains engaged in positive discussions with Indigenous
communities and northern stakeholders for its exploration
activities and projects. Baselode is committed to mutually
beneficial working relationships with Indigenous and northern
communities while mitigating any exploration impacts on traditional
Indigenous lands and Rights.
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.
