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Baselode Acquires the Hook Uranium Project in the Athabasca
Baselode Acquires the Hook Uranium Project in the Athabasca Canada NewsWire TORO...
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[{"type":"text","content":"\n\n\n\nBaselode Acquires the Hook 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, July 7, 2020\n\n\n\nTORONTO, July 7, 2020 /CNW/ - Baselode Energy Corp. (\"Baselode\" or the \"Company\") (TSXV: FIND) is pleased to announce the acquisition of its Hook uranium property (\"Hook\") in the Athabasca Basin area of northern Saskatchewan, Canada. Hook covers ~30,000 hectares within the basement rocks adjacent to the southeast edge of the Athabasca Basin (\"Athabasca\") and ~60km east-northeast of the Key Lake mill. Hook is Baselode's second recent uranium property acquisition in the Athabasca. \nHook is 100% owned by Baselode and is free of any option agreement or underlying royalties. \nHook Deposit Location (Map)\n\"The Hook property is another strategic acquisition in-line with Baselode's Athabasca 2.0 exploration thesis which is to target basement hosted near surface deposits.  Hook's geophysical strike is between two high-grade uranium occurrences, Cameco's McArthur River (historical 2000-2013 production of 250.6 million pounds U3O8; www.cameco.com) and the Hook Lake high-grade uranium occurrence (average of 44.5% U3O8 from 3 surface grab samples; see Skyharbour Resources Ltd news release of 27 October 2015).  Baselode's Hook also covers a few uranium showings of interest; the Art Lake pegmatite radioactive showing which displays secondary uranium stains at surface, and a boulder train with anomalous radioactivity. We remain confident the property is ripe for a discovery,\" said James Sykes, CEO and President of Baselode. \nGeologic Significance of the Hook PropertyHook is located outside of the Athabasca Basin but was once covered with Athabasca sandstones which have since been eroded. This provides the conditions for a near-surface, sub-unconformity high-grade uranium discovery.  Hook is also within the basement rocks of the Wollaston Domain which hosts the highest-grade uranium deposits in the world.  This acquisition follows Baselode's Athabasca 2.0 s...