FIND - Baselode Energy CEO discusses Catharsis exploration and Athabasca 2.0 strategy - PDAC 2024
(NewsDirect)
Baselode Energy Corp CEO James Sykes tellsProactive's Angela Harmantas the company, is actively engaged inuranium exploration in the Athabasca Basin, described as the'Saudi Arabia of uranium.'
Speaking to Proactive at PDAC 2024, Sykes said the company'smain focus for 2024 is the Catharsis project, which aims to findnear-surface, high-grade uranium within trucking distance of anexisting mill. This project is notable for its exploration of an areapreviously undrilled, showcasing significant potential for uraniumdiscovery despite being 100 kilometres south of the basin.
The initial drilling programme has beenexpanded due to promising signs of alteration and structure indicativeof uranium presence, although uranium itself has not yet been found.This expansion includes doubling the drill metreage and adding moretarget areas to accelerate the discovery process.
Sykes highlighted the company'sefficiency in exploration, citing the ACKIO uranium deposit discoveryon their Hook project during their first drill programme as an exampleof their effective use of shareholder funds.
In addition to project updates, Sykesdiscussed the Athabasca 2.0 strategy, a conceptual approach toexploring for uranium by considering the basin's historicalerosion and the potential for near-surface deposits. This strategychallenges traditional exploration methods, focusing on structuralanalysis rather than solely on graphite conductors.
BaselodeEnergy is fully funded for over 20,000 metres of drilling planned forthe remainder of the year, with a $12 million exploration budget to bespent by year-end.
Contact Details
ProactiveUnited States
+1 347-449-0879
Copyright (c) 2024 TheNewswire - All rights reserved.