Baselode starts groundwork exploration on the Catharsis uranium project
Baselode Energy Corp. announced that a field crew has started groundwork exploration on the Catharsis uranium exploration project.
“This is an exciting time for the company kicking-off our first ground-based exploration program. The groundwork exploration is critical to advance the project in preparation for our planned diamond drill campaign,” said James Sykes, CEO and President, Baselode. “We’re also very happy to report that the majority of our logistical support and economic benefits have been sourced to Indigenous and northern Saskatchewan businesses. We’ve been proactively engaged towards mutually-beneficial working relationships with the local Indigenous communities and stakeholders for the past few months, communicating our manner of planning and operations with respect to the possible impacts on their traditional rights, lands, and resources, while also identifying areas for economic benefits.”
The field crew will spend three to four weeks onsite and will be prioritizing two main trends:
- A favourable northeast-oriented trend in the north part of the project, which hosts a high-grade uranium occurrence at surface within sheared metasediments, coincident with overlapping gravity lows, magnetic breaks, jogs and offsets; and
- A highly prospective northeast-oriented, uranium-fertile, conductive corridor in the southeast part of the Project that is on trend with numerous high-grade uranium showings discovered at surface and intersected within drillholes outside of the project boundary.
“Our review of the historical work in the project area has highlighted numerous favourable characteristics analogous with Athabasca uranium deposits, such as a high-grade uranium occurrence at surface hosted within sheared metasediments. Our recently completed airborne gravity and magnetic survey have also provided us with additional exploration target areas requiring ground reconnaissance. We expect to learn a lot from the planned groundwork with the intent of vectoring us towards new uranium discoveries,” said Cameron MacKay, Projects Manager, Baselode.