Post by
goldanalyst on May 02, 2022 10:03am
News not well received by market
however as I read it I think it is very good indeed!
I agree wth James and not the market!
"The radioactivity levels have been getting stronger and shallower as we've continued exploring to the southeast since the beginning of the drill program. Each new 50 m section that we drill to the southeast continues to surpass the results from the previous section. We are excited with the results from AK22-011 (see news release dated March 7, 2022) but both AK22-023 and AK22-032 have delivered better intercepts. Not only is radioactivity getting stronger to the southeast but we are also intersecting it closer to the Athabascsa sandstone unconformity (the "unconformity"). We've believed in the possibility of unconformity mineralization at ACKIO since the discovery hole (AK21-001), and now the upper-most intersection from AK22-023 was less than 10 m beneath the unconformity. Unconformity mineralization is typically higher-grade than basement-hosted Athabasca uranium deposits, and the depth to the unconformity from surface at ACKIO is shallow which could present opportunities for near-surface extraction methodologies," said James Sykes, CEO, President and Director of Baselode.