TORONTO,
March 10, 2022 /CNW/ - Baselode
Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the
"Company") has prepared a video presentation providing
additional details from the ongoing 10,000 metre diamond drilling
program (the "Program") on the ACKIO high-grade uranium
discovery ("ACKIO"), Hook project, Athabasca Basin area, northern Saskatchewan.
The video (see link below) discusses:
- Why AK22-11 and the growing "Lower" zone of uranium
mineralization is very encouraging
- The current structural model suggests several high-priority
drill targets to the southeast and east of the currently defined
ACKIO mineralization trends
- How to interpret Baselode's radioactivity results
VIEW BASELODE'S WEBINAR ON ACKIO WINTER
2022 DRILL PROGRAM
The Company will continue to release drill core
radioactivity results as a prelude to uranium assay results on a
bi-monthly to monthly schedule. Uranium assay results will be
released as they are received from the laboratory after thorough
QAQC and compilation by the technical team.
The Program is helicopter-supported to lessen any
ground-induced environmental impacts within the project area, and
will allow Baselode to continue the Program during Spring
thaw.
ACKIO is located 30 km southeast of
well-established infrastructure including an all-season road and
powerline between Cameco Corp.'s (TSX: CCO) and Orano's
McArthur River mine and Key Lake
Uranium mill joint ventures. ACKIO is 70 km northeast of the
Key Lake mill.
About Baselode Energy Corp.
Baselode
controls 100% of approximately 227,000 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.,
Vice-President, Exploration & Development 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.