Baselode Energy Corporation (QB) (BSENF) ニュース

Baselode Discovers New Zone of Radioactivity Six Kilometres Northeast of ACKIO

Intersected over 30 metres of continuous radioactivity within a massive hydrothermal alteration system
New zone discovered on the second drill hole of Hook’s regional exploration program, 6 km from ACKIO discovery
Demonstrates the fertility of the uranium corridor along Baselode’s Hook Project

Toronto, Ontario – July 17, 2024 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) (“Baselode” or the “Company”) is pleased to announce the discovery of a new uranium prospect on the Hook project (“Hook”) in the Athabasca Basin area of northern Saskatchewan (Figure 1).

“We’re very excited about this new discovery on Hook, on the second hole of our regional exploration program. HK24-010 intersected over 30 metres of continuous radioactivity at approximately 173 metres vertical depth. This new discovery is hosted within a massive alteration corridor similar in scale to what we have observed at our ACKIO zone 6 km to the southwest. We believe the alteration corridor has mobilized uranium from the host rocks and deposited it within a redox front, similar to what we interpret for HK24-010. We intend to follow-up drilling in this area in the coming weeks after completing exploration drilling in a logistically efficient order on other targets with stronger geophysical anomalisms. Hook’s regional exploration aim was to discover new zones of uranium mineralization and we’re well on our way with this new prospect,” commented James Sykes, CEO, President, and Director of Baselode.

Drill Hole Details
Drill holes HK24-009 and HK24-010 were collared 6 km northeast of ACKIO (see Figure 2). The drill holes targeted a coincident gravity low, magnetic low, and conductive response within the area of an interpreted north-south oriented Tabbernor fault. See Figure 3 for a cross-section interpretation, including a comparison to ACKIO.

HK24-009 intersected 130 m of structurally-controlled massive hydrothermal alteration including alternating hematite and white clay within orthogneiss starting immediately at the top of bedrock. Gamma probe radioactivity averaged 20 counts-per-second (“cps”) within the altered rocks, 34 cps and 69 cps within two different fresh rock types, including a small zone of anomalous radioactivity measuring 177 cps over 4.3 m.

HK24-010 intersected over 230 m of structurally-controlled massive hydrothermal alteration similar to HK24-009 (Figures 4 and 5). Gamma probe radioactivity averaged 23 cps within the altered rocks down to 200.8 m, followed by an average of 275 cps over 33.7 m, including 473 cps over 6.8 m, associated with structurally-controlled hydrothermal hematite and minor redox alteration hosted within the basal 2.5 m of metasedimentary rocks and pegmatite for the remainder (Figure 5). The fresh rocks at the end of the drill hole averaged 60 cps.

Drill hole samples have been sent to Saskatchewan Research Council for uranium and multi-element analysis. Results will be released after being received and reviewed by the Company.

NOTES:

cps = “counts-per-second”, as measured with a down hole 2GHF triple gamma probe. The reader is cautioned that Baselode uses gamma probe readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that gamma probe results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
The Company considers all 2GHF triple gamma probe readings greater than 100 cps to be considered anomalous radioactivity, with background radioactivity measuring between 20 to 70 cps.
“Continuous anomalous radioactivity” means drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 100 cps.
All reported drill hole depths and lengths do not represent true thicknesses which have yet to be determined.


FIGURE 1 – Baselode projects location map. ACKIO uranium prospect identified with yellow circle

FIGURE 2 – HK24-009 and HK24-010 drill hole location

FIGURE 3 –HK24-009 and HK24-010 with ACKIO Ln 775N cross-sections for scale of altered structural zone

FIGURE 4 –HK24-010 Alteration and Structure 1

FIGURE 5 –HK24-010 Elevated Radioactivity and Oxidation In Metasediments and Pegmatite

About Baselode Energy Corp.

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 in September 2021. 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.

QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”

For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

https://mailchi.mp/4f9c719cc414/baselode-discovers-new-zone-of-radioactivity-six-kilometres-northeast-of-ackio?e=96ae2580db

Baselode Reports High Levels of Radioactivity Over Wide Intercepts at ACKIO Uranium Project

Over 30 metres of continuous radioactivity, such as 907 cps over 34 m, including 9,173 cps over 0.4 m
AK24-118 and AK24-119 returned the widest radioactivity levels in Pod 6
All three drill holes with over 20 metres of cumulative thickness of radioactivity
The second drill for regional exploration targets has now mobilized to site

Toronto, Ontario – July 2, 2024 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) (“Baselode” or the “Company”) is pleased to announce radioactivity results from the first three diamond drill holes within the ACKIO (“ACKIO”) uranium prospect of the Hook project (“Hook”) in the Athabasca Basin area of northern Saskatchewan (Figure 1).

“AK24-119’s results rank as one of the top 10 best drill hole radioactivity intersections at ACKIO, making this a unique drill hole. Previous drill hole AK22-035 intersected 0.54% U3O8 over 7.3 m (see Baselode News Release dated September 12, 2022) in Pod 6, and we are seeing similar levels of radioactivity within AK24-118 and AK24-119 but over broader widths within the same Pod, suggesting mineralization remains open in this area. ACKIO has continued to deliver encouraging results since the discovery in 2021, and we expect more promising results to follow.

We are equally excited to start the regional exploration phase of our drill program across the Hook project. Our technical team has done an incredible job of prioritizing prospective target areas along a 25 km-long uranium fertile structural corridor that hosts ACKIO and other uranium showings. We eagerly anticipate results from our exploration efforts in hopes of a new uranium discovery,” commented James Sykes, CEO, President, and Director of Baselode.

Drill Hole Details
Drill holes AK24-117 to AK24-119 were collared to define the extent of mineralization in Pod 6 of ACKIO. See Figure 2 for drill hole locations and Table 1 for drill collar details and scintillometer results.

AK24-117 intersected three lenses of continuous radioactivity with greater than 6 m drill hole widths between 117.25 and 151.6 m, ranking this drill hole as the second thickest sequence of radioactivity in Pod 6 area after AK24-119.

AK24-118 intersected an average radioactivity result (1,115 cps*) similar to that of AK22-035’s uranium intersection mentioned above but with almost twice the width (13.3 m).

AK24-119 intersected continuous radioactivity with 907 cps over 34 m, including a zone of higher radioactivity measuring 2,328 cps over 6.6 m from 142.35 m making this the broadest intersection with the highest average radioactivity in Pod 6.

FIGURE 1 – Baselode projects location map. ACKIO uranium prospect identified with yellow circle.

FIGURE 2 – ACKIO Drill Hole Locations

TABLE 1 – Drill Hole Collar Details and Scintillometer Results

ACKIO Program Details
Up to 12,000 metres of drilling is planned at ACKIO, subject to drill results, targeting

the southeast zone, where geophysical survey results suggest the alteration and structural system trend east/southeast-west/northwest,
unconformity-style mineralization along the Athabasca sandstone structural contact to the southeast, and;
the depth of mineralized structures based on geochemical trends and alteration pathways.

The first diamond drill has completed initial definition drilling at ACKIO and has now moved onto targeting the depth potential of the mineralized structures.

Hook Program Details
A second drill has been mobilized to Hook and will be drilling shortly. The regional Hook exploration drill program is planned for up to 4,000 metres with 15 to 20 drill holes targeting 5 to 7 different areas. The target areas were generated from combinations of multiple geophysical data sets including recent results from ground gravity and ANT geophysical surveys. Once the drill has completed Hook exploration drilling, it will join the ACKIO program to complete drilling there.

NOTES:

cps* = “counts-per-second”, as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer. The reader is cautioned that Baselode uses scintillometer readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
The Company considers all RS-125 readings greater than 300 cps to be considered elevated radioactivity, with background radioactivity measuring between 50 to 125 cps.
“Continuous elevated radioactivity” means drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 300 cps.
All reported drill hole depths and lengths do not represent true thicknesses which have yet to be determined.

About Baselode Energy Corp.
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 in September 2021. 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.

QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”

For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

https://mailchi.mp/20a02c543787/baselode-reports-high-levels-of-radioactivity-over-wide-intercepts-at-ackio-uranium-project?e=96ae2580db

Weekly Chart

Baselode Now Drilling at ACKIO Uranium Prospect


Up to 16,000 metre project-wide drill program, the second largest drill program on Hook project
The second drill is anticipated to start in two weeks


Toronto, Ontario – June 17, 2024 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) (“Baselode” or the “Company”) is pleased to announce diamond drilling has started on the ACKIO (“ACKIO”) uranium prospect within the Hook project (“Hook”) in the Athabasca Basin area of northern Saskatchewan (Figure 1).

“We are excited to be finally be back at our flagship Hook project, where we will be looking to expand upon our near-surface uranium discovery ACKIO. Additional drilling on ACKIO offers excellent prospects for expanding the known zones and making new discoveries along strike and depth.

Additionally, we will be exploring Hook beyond the ACKIO zone. Hook is such a fertile uranium corridor that we’ve shown hosts high-grade uranium fluids, and we will test numerous high-priority exploration targets that could support our understanding of Hook,” commented James Sykes, CEO, President, and Director of Baselode.

ACKIO Program Details
Up to 12,000 metres of drilling is planned at ACKIO (Figure 2), subject to drill results, targeting

the southeast zone, where geophysical survey results suggest the alteration and structural system trend east/southeast-west/northwest,
unconformity-style mineralization along the Athabasca sandstone structural contact to the southeast, and;
the depth of mineralized structures based on geochemical trends and alteration pathways.


Hook Program Details
The regional Hook exploration drill program is planned for up to 4,000 metres with 15 to 20 drill holes targeting 5 to 7 different areas. The target areas were generated from combinations of recent results from ground gravity and ANT geophysical surveys (Figure 3). The program is scheduled to start near the end of June. Once the drill has completed Hook exploration drilling, it will join the ACKIO program to complete drilling there.

Catharsis Drill Results
“The results from drill holes CT24-09 to CT24-13 and CT24-17 identify 5 km of uranium fertility and potential between target areas D and G (Figure 4). Five of the six drill holes intersected above normal uranium concentrations (3-5x background) identified within 5 to 25 metre-thick zones of structurally-controlled, hydrothermal redox-style alterations (i.e., mixture of redox, hematite, clay, desilicification/re-silicification, chlorite alteration styles). These characteristics indicate uranium-bearing fluids were mobile along the D/G corridor. These are some of the most encouraging exploration results I’ve encountered in my 18-year Athabasca uranium career. They remind me of uranium discoveries I’ve been part of and other basement-hosted uranium discoveries, where results like these were only 10’s of metres away from high-grade uranium deposits. We are cashed-up and highly motivated to advance Catharsis with ground-based geophysics followed by additional diamond drilling," stated James Sykes, CEO, President, and Director of Baselode.

Drilling at the Bear project focused on coincident EM and gravity anomalies. The most promising results were encountered in Target Area 1 (Figure 5) where broad zones of encouraging hydrothermal alteration, were encountered in all drillholes that tested this area. Lab analysis results are still pending.

FIGURE 1 – Baselode projects location map. ACKIO uranium prospect identified with yellow circle.

FIGURE 2 – ACKIO compilation map

FIGURE 3 – Hook project compilation map

FIGURE 4 – Catharsis project compilation map

FIGURE 5 – Bear project compilation map



About Baselode Energy Corp.
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 in September 2021. 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.

QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”


For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com

https://mailchi.mp/be322baee59a/baselode-now-drilling-at-ackio-uranium-prospect?e=96ae2580db

Corporate Presentation / Q2 2024

https://baselode.com/site/assets/files/3963/baselode_energy_corporate_presentation_2024_04_01.pdf

Baselode Identifies Key Targets at Bear Uranium Project



Long Term Weekly Chart


One Year Weekly Chart

LIVE From PDAC 2023: The Baselode Story You Won't Want to Miss (TSXV:FIND)

Sold 1/2 my position today! Sweet Letting the rest ride for free...
Chico

4/13/22-Baselode Webinar: CEO James Sykes and VP Cameron MacKay Discuss the Recent Drill Results From the ACKIO High-Grade Uranium Discovery
https://baselode.com/news/baselode-webinar-ceo-james-sykes-and-vp-cameron-mackay-discuss-the-recent-drill-results-from-the-ackio-high-grade-uranium/
CEO James Sykes and VPX Cameron Mackay Discuss Drill Results From ACKIO High-Grade Uranium Discovery


92 ENERGY & BASELOAD are both striking URANIUM on each side of the PROPERTIES! Proven Team-Cashed UP- Drilling! & low float!
IMHO

Chico

Steady rise to previous highs on good volumes. Baseline is all cashed up to Drill & prove out HOOK! They have at least one other very good prospect in Shadow.
This is a proven team! Very happy here
Chico

Baselode Intersects Widest Zone of Elevated Radioactivity To Date, Updates on ACKIO High-Grade Uranium Drill Program
https://baselode.com/news/baselode-intersects-widest-zone-of-elevated-radioactivity-to-date-updates-on-ackio-high-grade-uranium-drill-program-1/
I may not have called the low! but I do like the direction Baselode is going... They are fully funded to complete this drilling program & the team is one of the BEST!
2x plus from here on further confirmation IMHO

Chico

Baselode Expands Drill Program on ACKIO High-Grade Uranium Discovery, Receives Drill Permit for 50,000 Metres
https://baselode.com/news/baselode-expands-drill-program-on-ackio-high-grade-uranium-discovery-receives-drill-permit-for-50-000-metres/
GO Baselode! moving back to previous highs on volume. They have the cash in hand & are drilling the heck out of AKIO. Do your own DD here... BASELOAD & Element 29 are onto something good i think...

Chico

.62 cents appears to be a bottom point here. Funding & Winter drill program in place... "let's FIND some Uranium..."

Chico

1/6/22 -Baselode Energy - More Uranium Mineralization From Ackio




Add on any dips... Winter drill program going full tilt. Sykes is "ON" another FIND! IMHO

Chico

Interview with Sykes later today
https://www.streetwisereports.com/events/register/?event_id=98&utm_source=SWR_TOPBAR

Good entry/add point here... "BEFORE CORE ASSAY RESULTS COME IN FOR #3 & #4 C-Bores"...???

IMHO
Chico

Waiting for drill assay results for cores #3 & #4 on the Ackio deposit. Baseload is all cashed up & ready for winter drill program.

New Video - Baselode Energy - Drill Results, What Can We Take Away From Ackio AK21-01?



SYKES
When I see this..."I SEE ARROW!!!!"
IMHO.... Looks like they found another deposit..... ! Load up this is going higher!
Waiting for results for holes 3 & 4! This is a "substantial system & goes onto 92 Energies property.... over 500 meters!"
I'm adding a few more shares today.... GLTA!
Chico

New Video - Baselode Energy Corp. (TSXV:FIND) shares uranium assay results from the Hook project

https://themarketherald.ca/baselode-energy-corp-tsxvfind-shares-uranium-assay-results-from-the-hook-project-2021-12-06/

Sykes may have found another 60Million pounds of U!??? Got more shares yesterday! BASELOAD putting out a WEBINAR on WED. 12/8/2021 look to homepage for info....

Chico

Baselode Reports High-Grade Uranium Within 15.5 Metre Mineralized Zone at ACKIO Discovery
https://baselode.com/news/baselode-reports-high-grade-uranium-within-15.5-metre-mineralized-zone-at-ackio-discovery/

December 6, 2021
Toronto, Ontario – December 06, 2021 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) ("Baselode" or the "Company") is pleased to report Uranium assay results from the first diamond drill hole, AK21-01, of the recent ACKIO Uranium discovery (“ACKIO”) on the Hook project (“Hook”), Athabasca Basin area, northern Saskatchewan.

Highlights include:

High-grade* Uranium confirmed; 1.29 wt% U3O8 over 0.5 m at 138.8 m and 0.66 wt% U3O8 over 0.5 m at 142.3 m
Primary mineralized zone measuring 15.5 m of 0.13 wt% U3O8 starting at 134.3 m
Multiple uranium intersections occurring over 200 m of drill hole length.
“We are very excited with the confirmation of high-grade Uranium at ACKIO. The ACKIO discovery is beginning to take shape; with high-grade Uranium intersected near-surface, multiple and widespread zones of mineralization, and an alteration halo that exceeds over 230 m which is suggestive of a massive structurally-controlled fluid system. We are still in the early days of exploring and learning more about ACKIO but these assay results from AK21-01 have provided us with invaluable information to help us plan our next steps accordingly,” said James Sykes, CEO, President and Director of Baselode.

The Company will follow this news release with a video presentation for the public in the coming days that will provide encouraging comparisons with other notable Athabasca basement-hosted, high-grade Uranium deposits, such as 1) NexGen Energy’s (TSX:NXE) Arrow deposit, and 2) Denison Mines (TSX:DML) Gryphon deposit. The video presentation will also highlight the significance of elevated Cobalt, Copper, and Nickel intersected within the drill hole, as well as the extent and meaning of anomalous Boron, Lithium and Vanadium within the massive alteration halo.

Assay results from the remaining drill holes (AK21-02A to AK21-04) completed on ACKIO in the summer program will be released after they’ve all been received, quality checked, and approved by the Company’s technical team.

Planned Winter Drill Program on ACKIO

Baselode is planning for a 10,000 metre diamond drill program on the ACKIO discovery to begin in mid- to late-January. Drill holes will be planned to intersect mineralization along strike and dip, which remains open in all directions, and to test for unconformity-style of mineralization. The drill program will be operated with helicopter support to lessen any ground-induced environmental impacts within the project area.

ACKIO is located 30 km southeast of well-established infrastructure including an all-season road and powerline that runs between Cameco Corp.’s (TSX: CCO) and Orano’s McArthur River mine and Key Lake Uranium mill joint ventures. ACKIO is located 70 km northeast of the Key Lake mill.


BASELOAD is fully funded! IMHO load up at this price! Looks like Sykes & team have found some U!


Chico

Assay results end of December, should be exciting to prove the "FIND"...
Can Sykes do it again? I wagered a few $ he can....!


Chico

James Sykes Presents at The Northern Miner Global Mining Symposium.



Chico

Will SYKES REPEAT on another major STRIKE? The recent Baseload hit at AKIO suggests to me he has found something good along with E2 North! Waiting on the lab assays, but worth some D.D. folks and maybe a little nibble under 1$.
The Baseload team was very smart to access monies per the recent PP offering close to the share price now. The 8 million will go a long way towards proving out this recent FIND! (pun intended!)

Uranium is hot & this is one junior explorer priced right. If they make a major FIND...this could at least be 3x from here early 2022.


All IMHO
Chico

New Baselode Energy - Uranium Discovery Communication Video



"They've got FIRE!"

Waiting for the lab results to come in, but they do sound positive!

Chico

NEWS-Baselode Energy Announces $8.0 Million Bought Deal Private Placement
https://baselode.com/news/baselode-energy-announces-8.0-million-bought-deal-private-placement/

Toronto, Ontario, November 10, 2021 – Baselode Energy Corp. (TSXV: FIND) (“Baselode” or the “Company”) is pleased to announce that the Company has entered into an agreement with a syndicate of underwriters led by PI Financial Corp. (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, an aggregate of 6,957,000 units (the “Units”) of the Company at a price of C$1.15 per Unit (the “Offering Price”) for gross proceeds of C$8.0 million (the “Offering”).

Each Unit shall consist of one common share (“Share”) and one-half of one transferrable common share purchase warrant (each whole such common share purchase warrant, a “Warrant”). Each Warrant shall be exercisable into one additional common share of the Company for 30 months from the Closing Date at an exercise price of C$1.60.

In addition, the Company has granted the Underwriters an option, exercisable in whole or in part at any time prior to closing of the Offering, to offer an additional number of Units representing 15% of the Offering, on the same terms as the Units.

The net proceeds of the Offering will be used to fund exploration and development expenses for the Catharsis, Hook and Shadow projects and for general working capital purposes. The closing of the Offering is anticipated to occur on or around November 30, 2021 (the “Closing Date”) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Baselode Energy Corp.

Baselode currently controls 100% of approximately 226,900 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

Baselode's Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of 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.


Nice move accessing the market now for $8M Cash. Enough for the new Year & then some....(DRILL baby...DRILL) -IMHO

Chico

Athabasca Basin Uranium Update with James Sykes of Baselode Energy


James does sound "Giddy" in his description of the Akio discovery here...
Waiting for the lab results to come in here. He does describe this find as being akin to "Arrow" all T.B.D. As we wait for official results to be published by third party independent Science. & more drilling this winter....

Chico

Some big investors are backing nuclear energy, a potential savior to the energy crisis that’s gripping the world
https://www.msn.com/en-us/news/world/some-big-investors-are-backing-nuclear-energy-a-potential-savior-to-the-energy-crisis-that-s-gripping-the-world/ar-AAPREF9

BSENF THAT'S HOTT TTYL XOXO

Recent Video
https://baselode.com/

First on board... took a small position here based on the news. Solid management & the potential to be a rather "Large Uranium Resource" that may be linked with 92 Energy's property.
"Drill-Baby....Drill!" into the Spring....

Chico