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Baselode Acquires 100% Interest in the Shadow Uranium Project in the Athabasca
Baselode Acquires 100% Interest in the Shadow Uranium Project in the Athabasca Can...
About this update from Geiger Energy Corporation
[{"type":"text","content":"\n\n\n\nBaselode Acquires 100% Interest in the Shadow Uranium Project in the Athabasca\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 11, 2020\n\n\n\nTORONTO, June 11, 2020 /CNW/ - Baselode Energy Corp. (\"Baselode\" or the \"Company\") (FIND:TSXV) is pleased to announce the acquisition of its Shadow uranium property (\"Shadow\") in the Athabasca Basin area of Northern Saskatchewan, Canada. Shadow covers 41,885 hectares and is located south of the Athabasca Basin (\"Athabasca\" or the \"Basin\") along the Virgin River Shear Zone (\"VRSZ\").  Shadow is 100% owned by Baselode and is free of any option agreement or underlying royalties. \nThe Shadow property was selected based on its favourable characteristics for potential basement-hosted uranium mineralization.  The VRSZ is one of the largest structural trends observed in Northern Saskatchewan and hosts other uranium deposits, most notably Cameco's Centennial uranium deposit.\nMap of Shadow Deposit Location\n\"The Shadow property is an exciting acquisition for the Company.  Athabasca uranium exploration has evolved over the past few decades to focus on the role of deep-seated basement-hosted structures rather than limiting exploration to the unconformity.  In doing so, new discoveries outside and within the Basin have been made, such as NexGen's Arrow, Fission's Triple R, and Denison's Gryphon deposits, to name a few.  Baselode's thesis is exploring for near-surface, basement-hosted, high-grade uranium deposits outside of the Basin along regional deep-seated structural trends,\" said James Sykes, CEO and President of Baselode. \n\"Our Baselode team has done an excellent job recognizing the VRSZ area as an overlooked, major structural system with similarities to the structures hosting both NexGen's Arrow and Cameco's McArthur River uranium deposits.  In addition, the host rocks in the area are naturally fertile with elevated concentrations of uranium (>3x) compared to other Athabasca rock types, which is encouraging for...