Baselode Energy (TSXV: FIND; US-OTC: BSENF) has announced geochemical assay results for AK22-069, the latest and best hole to date from its now-complete 22,500-metre diamond drill program on the ACKIO uranium discovery, intersecting 0.9% U3O8 (uranium oxide) over 31 metres starting at 69.3 metres true vertical depth.
The reported intersection includes 1.86% U3O8 over 12.5 metres at 79.7 metres true vertical depth, including the project’s highest individual assay of 5.61% U3O8 over 0.5 metre.
“Hole 069 was drilled down-dip of holes AK22-051 (0.50% U3O8 over 28.9 metres) and AK22-052 (0.58% U3O8 over 27.6 metres), which both intersected uranium mineralization at the overburden-basement contact, i.e., as shallow as possible at ACKIO. The reported intercept from hole 069 has exceeded the results from both of those drill holes and confirms near-surface, high-grade mineralization is continuous and more concentrated at depth, and still within 100 metres of surface,” said James Sykes, president and CEO of Baselode.
“These results demonstrate the exciting potential at ACKIO for the possible development of a near-surface, high-grade uranium open pit mining scenario. We look forward to continuing drilling this zone with our next ACKIO drill program in 2023,” he added. Results for 18 drill holes from the 2022 program are still pending.
ACKIO represents a high-grade uranium discovery hosted on Baselode’s 100% owned Hook project located in the Athabasca Basin area of northern Saskatchewan. It measures greater than 375 metres along strike and 150 metres wide, comprising at least five separate zones, with mineralization starting as shallow as 28 metres beneath the surface and down to approximately 300 metres in depth.
The discovery, which was made in September 2021, is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco (TSX: CCO; NYSE: CCJ) and Orano’s McArthur River mine and Key Lake uranium mill joint ventures.
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