New Uranium Discovery in the “Perfect Place” with Baselode Energy CEO James Sykes

Mining Stock Education · New Uranium Discovery in the “Perfect Place” with Baselode Energy CEO James Sykes

Baselode Energy Corp. (TSXV:FIND OTC:BSENF) CEO James Sykes is no stranger to uranium discovery success. James has been directly and indirectly involved in the discovery of over 450M lbs U3O8 in the Athabasca Basin including being the lead geologist on NexGen’s world-class Arrow discovery. Now James is at the helm of another new uranium discovery just made by Baselode Energy named Ackio in the Athabasca Basin which he describes as being in the “perfect place.”

Baselode intersected a wide zone of elevated radioactivity in the first drill program on its Hook Uranium project, Athabasca Basin area, northern Saskatchewan. Drill hole HK21-07 was the first drill hole in the Ackio target area on Hook. This discovery drill hole intersected 16.2 metres of continuous elevated radioactivity (i.e., >300 cps*) starting at 133.8m drill hole depth (~115 m vertical depth from surface) within a massive structurally-controlled hydrothermal alteration envelope that exceeds 250m thickness.

“This is an exciting discovery for Baselode. We believe this discovery is part of a new and large uranium system within the Athabasca Basin area. These results are a testimony to our Athabasca 2.0 thesis and we remain eager to deliver more exciting results from the Ackio target area as drilling progresses,” said James Sykes, CEO and President of Baselode.

“The widespread basement alteration we’ve intersected in HK21-07 reflects a large hydrothermal fluid system that could be fertile for high-grade uranium mineralization which is demonstrated with radioactivity >10,000 cps in the Ackio area. We’re also excited to have intersected Athabasca sandstones outside the previously known basin margin. This provides us with exploration targets for discovering unconformity-style mineralization just 50 metres below surface at Ackio,” said Cameron MacKay, Baselode’s Projects Manager.

0:00 Introduction
1:12 Athabasca 2.0 exploration theory
3:25 Ackio discovery
5:38 Certainty of radioactivity readings
7:18 Ackio core results back within 2-4 weeks
7:36 1500m wide anomaly & any data sharing with 92E?
9:46 Challenges of a discovery across claims?
11:03 Next exploration steps
13:37 Ackio discovery further commentary
15:24 C$11M in treasury
15:49 Upcoming catalysts

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