Canadian uranium stock confirms new mineralization in Saskatchewan

• Baselode Energy (TSXV:FIND) released uranium (U3O8) assay results from the ACKIO high-grade zone at its Hook project in Saskatchewan
• ACKIO measures more than 375 metres along strike, more than 150 metres wide and is composed of at least 11 separate zones
• Mineralization begins as shallow as 28 metres under surface down to 300 metres depth with the bulk of mineralization occurring in the upper 120 metres.
• Baselode Energy stock last traded at $0.44 per share

Baselode Energy (TSXV:FIND) released uranium (U3O8) assay results from the ACKIO high-grade zone at its Hook project in Saskatchewan.

ACKIO measures more than 375 metres along strike, more than 150 metres wide, and is composed of at least 11 separate zones. Mineralization begins as shallow as 28 metres under surface down to 300 metres depth with the bulk of mineralization occurring in the upper 120 metres.

Results stem from completion of the diamond drilling program at ACKIO – 36 drill holes over 7,512 metres – which confirmed mineralization starting at 72 metres. The latest results come from 11 drill holes (AK23-81 to AK23-91) of the diamond drilling program.

The remainder of the drill hole assay results were all intersected between 130 and 225 metres beneath the surface, demonstrating uranium mineralization is prevalent at depth at ACKIO and is not restricted to shallow mineralization. Mineralization remains open at depth and provides a target for future drill programs.

“The results from the deep targets in drill holes AK23-88 and AK23-82 clearly demonstrate mineralization remains strong and open at depth as we attempt to connect the near-surface mineralization with these new zones at depth,” James Sykes, CEO and president of Baselode Energy, said in a statement. “The assay results from hole AK23-88 rank it is a top-10 drill hole at ACKIO. In particular, AK23-88 intersected four individual high-grade uranium lenses, including 0.53 per cent over 3.0 metres and 0.75 per cent over 1.5 metres, while holes AK23-84 through AK23-88 demonstrate continuity of higher grades of mineralization at depth. ACKIO is a robust uranium system with shallow mineralization extending deep and remains open for additional discovery potential.”

Baselode Energy controls 2,641.7 square km for exploration in Saskatchewan’s Athabasca Basin. The land is free of option agreements or underlying royalties.

Baselode Energy stock last traded at $0.44 per share. The stock is up by 7.2 per cent since the year began.

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