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Thursday, Jul 25, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Core assays from Baselode Energy’s Hook project yield substantial radioactivity

The junior kicked off a new drill program at Hook’s ACKIO target area in mid-June

Core assays from Baselode Energy's Hook project yield substantial radioactivity
Workers prep gear for ambient noise tomography (ANT) surveys at the Athabasca Basin's Hook project last month. Photo credit: Baselode Energy

Saskatchewan’s junior uranium miner Baselode Energy Corp. (TSX-V: FIND) just received assays on core samples from its Hook project yielding favourable levels of radioactivity.

The results, released Tuesday, come from 2024’s first three diamond drill holes at the site’s ACKIO prospect. Baselode kicked off a new drill program at Hook in mid-June with the intention of expanding that prospect area. It was discovered in 2021 and continues to be a key focus.

Notably, a 34-metre core had consistent radioactivity of about 907 counts per second (cps), including a highly unstable 0.4-metre interval clocking in at over 9,170 cps. This type of measurement, taken with a Geiger-Müller counter, quantifies the rate of radioactive decay in the material. The higher the count the more high-grade uranium mineralization it contains.

“Our technical team has done an incredible job of prioritizing prospective target areas along a 25-kilometre-long uranium fertile structural corridor that hosts ACKIO and other uranium showings,” Director and chief executive James Sykes said this week.

He recently discussed the current drill program in an interview with the Ore Group: an organization with a stake in several companies. These include Baselode, QC Copper and Gold Inc (TSX-V: QCCU), Mistango River Resources Inc (CSE: MIS) and others.

Read more: ATHA Energy’s geodata director scoops prize for AI deposit targeting method

Read more: ATHA Energy Corp. starts the first phase of uranium drilling in Nunavut

Baselode harnesses ANT surveys for ACKIO

The uranium prospector completed a series of ambient noise tomography (ANT) surveys at its Hook and Bear projects in May. This technique and ground gravity surveys were used to help identify targets for the ongoing drill programs at the sites.

Using ANT surveys is a new strategy for Baselode. They use sensors to listen to and measure background seismic noise, which then helps define geological characteristics underground. This helps to create a 3D model that enhances the company’s understanding of the site’s targets and deposits.

Other uranium explorers operating in the Athabasca Basin have been utilizing this technique as well. ATHA Energy Corp. (TSX-V: SASK) (OTCQB: SASKF) (FRA: X5U) recently employed ANT surveys at its Gemini operation in Northern Saskatchewan. Results were pending in May when ATHA last discussed the topic.

“Previous ANT surveys completed in the Athabasca Basin have been successfully correlated with uranium mineralization and associated alteration of the surrounding rock mass,” ATHA said in April.

Others taking advantage of the technology include IsoEnergy Ltd. (TSX-V: ISO), Forum Energy Metals Corp. (TSX-V: FMC) and Cosa Resources Corp. (TSX-V: COSA).


ATHA Energy is a sponsor of Mugglehead news coverage 


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