James Sykes of Baselode Energy Discusses Near Surface Uranium Targets in the Athabasca Basin


In this InvestorIntel interview during PDAC 2023, Tracy Weslosky talks with James Sykes, CEO and Director of Baselode Energy Corp. (TSXV: FIND | OTCQB: BSENF). CEO Sykes discusses how he came to join Baselode Energy, a company supported by the ORE GROUP.

CEO Sykes gives viewers the top three reasons to consider investing in Baseload Energy Corp. The first is that their Project’s locations are in the Athabasca Basin area in Saskatchewan and in particular the shallow discovery of uranium mineralization at ACKIO is just 25 metres below the surface, potentially amenable to a future open-pit operation. He states: “We think that AKIO has the potential to be a mine very quickly and in the future.”

Baselode has about C$8 million in the bank and plans to start re-drilling at AKIO this May or June. Other catalysts include past drill results due out soon and the upcoming 10,000+ meter drill campaign at AKIO to potentially grow a near-surface resource.

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About Baselode Energy Corp.

Baselode controls 100% of approximately 250,480 hectares for exploration in the Athabasca Basin area, in northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, high-grade uranium deposit in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 5 separate zones, with mineralization starting as shallow as 28 m beneath the surface and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 200 m. ACKIO remains open to the west, south, and along the Athabasca sandstone unconformity to the east and south.

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.

To learn more about Baselode Energy Corp., click here.

Disclaimer: This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

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One response

  1. Danny Fought Avatar
    Danny Fought

    Drilling is good, production is key. When do you see production beginning?

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