Drilling To Commence At Catharsis Uranium Project

Drilling To Commence At Catharsis Uranium Project

TORONTO – James Sykes, CEO, President, and Director of Baselode Energy Corp., said, “The Catharsis drill program is ready to start, and our focus is to fast-track discovery by drilling multiple target areas with helicopter support.”

Baselode controls 100% of approximately 272,804 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties. The Company discovered the ACKIO near-surface, uranium prospect. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode’s Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside 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.